Asiamet Resources Limited · LSE:ARS
Asiamet Resources — Corporate Update (May 2023)
20 slides from Asiamet Resources's corporate update, May 2023
Slide 1: BKM Copper Project: A Build Ready Copper Mine in Indonesia
BKM COPPER PROJECT A BUILD READY COPPER MINE IN INDONESIA Perfectly Timed for the Energy Transition MAY 2023 AIM : ARS | www.asiametresources.com
Slide 2: Forward Looking Statement
FORWARD LOOKING STATEMENT The information contained in this confidential document (the “Presentation”) has been This presentation contains “forward-looking statements” including but not limited prepared by Asiamet Resources Limited (the “Company” or "Asiamet") solely for to, statements with respect
Slide 3: Feasibility Study: Robust Economics
BKM COPPER PROJECT FEASIBILITY STUDY Robust Economics $162.8m $1.4bn 3.4 yrs NPV8 Initial LOM Payback Period (post tax, excl. closure) Revenues 21.0% $655.3m 9.2 yrs IRR EBITDA (LOM) (post-tax, excl closure) Initial life of Mine $1.91/lb 5.95p Significant C1 Cash Costs Project NPV8 per share Upside
Slide 4: Robust Mine Plan and Conventional Process Flowsheet
BKM COPPER PROJECT FEASIBILITY STUDY Robust Mine Plan and Conventional Process Flowsheet MINING AND ORE RESERVES PROCESSING AND ORE HANDLING Ç√ Contained Copper Total Soluble Solu Ore Reserve Tonnes Copper Copper Total ble Category Mt % % kt kt Total Proved Ore 19.0 0.7 0.5 137 102 Total Probable Or
Slide 5: Physicals and Production Profile
BKM COPPER PROJECT Physicals and Production Profile PROJECT PHYSICALS PRODUCTION PROFILE Item Unit Value 20,000 Mine life (initial) Years 9.2 Copper Cathode Production (tonnes) 16,000 Mining 12,000 Mining method - Open pit Mined ore tonnes Mt 38.4 8,000 Mined waste tonnes Mt 52.5 Strip Ratio Waste:O
Slide 6: Capital Expenditure and Capital Intensity
BKM COPPER PROJECT Capital Expenditure and Capital Intensity Capital Expenditure Capital Intensity $/t Cu 50,000 Item US$m 45,000 Mining Infrastructure 5.4 40,000 35,000 Crushing, Agglomeration and Stacking 19.0 30,000 25,000 Heap-Leach 31.7 20,000 15,000 SX-EW (incl Neutralisation) 27.1 10,000 Proc
Slide 7: Financial and Economic Results
BKM COPPER PROJECT Financial and Economic Results Financial and Economic Metrics Financial and Economic Metrics Item Unit Value Item Unit Value Key economic assumptions Capital costs LT Copper Price1 US$/lb 3.98 Pre-production capital US$m 208.7 Average copper cathode premium US$/t 100.00 Contingenc
Slide 8: Key Sensitivities – Copper Price
BKM COPPER PROJECT Key Sensitivities – Copper Price Financial and Economic Metrics – Copper price sensitivity Avg YTD Goldman Sachs Item Unit Base Case Copper Price (1,3) Incentive Pricing (2,3) Copper price US$/lb 3.98 4.06 4.54 Revenue US$m 1,396.6 1,415.0 1,580.5 EBITDA US$m 655.3 673.2 833.7 NPA
Slide 9: Sensitivities
BKM COPPER PROJECT – SENSITIVITIES NPV8 US$162.8m - Robust High-Value High Margin Opportunity Project Sensitivities: US$M NPV8 (post tax, excl-closure) Company enabler with strong leverage 250 to copper price upside. Higher forecast copper prices to be 200 driven by decarbonization and energy transi
Slide 10: Opportunities
BKM COPPER PROJECT – OPPORTUNITIES Several opportunities to further de-risk the project will be addressed prior to and during detailed engineering design phase. If outcomes are promising, then will form the basis for detailed engineering design. Relocation of the Heap Leach Facility – circa 25 to 30
Slide 11: Asiamet ESG Strategy Framework
ASIAMET ESG STRATEGY FRAMEWORK Asiamet / KSK ESG Development Strategy Securing long-term value for our stakeholders through our Our Vision sustainable business and responsible mining operations. Empowering People Protecting the Planet Creating Prosperity, the Right Way Strategy Upholding our Pillars
Slide 12: Next Steps
BKM COPPER PROJECT Next Steps Completion and compilation of all Chapters of the 2023 BKM Project FS Update Formally appoint lead bank for the project financing Lead bank appointed Independent Technical Expert will complete a detailed review of the 2023 FS documentation Close out outstanding work on
Slide 13: Feasibility Study Contributors
FEASIBILTY STUDY CONTRIBUTORS Fit for purpose consultants with relevant skills and experience for project type and location = robust and thorough study 13
Slide 14: Phased Value Creation Strategy - KSK
PHASED VALUE CREATION STRATEGY - KSK PHASE 1 – BKM Copper Heap Leach SX-EW Develop heap leach to commence copper cathode production – direct sale of product to market Establish infrastructure to support existing and longer term operations. Copper Cathode Production at 19.6ktpa in Years 2 and 3, 16kt
Slide 15: KSK Long Term Strategy: 35-40ktpa CuEq
KSK LONG TERM STRATEGY: 35-40KTPA CUEQ Three Phase development to reach 35-40ktpa copper equivalent production Phase 1 - BKM Copper Heap Leach SX-EW – Copper Cathode Phase 2 - BKM Copper / Pyrite Concentrate – Copper Cathode (Roaster/Refinery), Sulphuric Acid Potential to deliver 300ktpa Sulphuric A
Slide 16: KSK Long Term Strategy: 35-40ktpa CuEq
KSK LONG TERM STRATEGY: 35-40KTPA CUEQ Vision is to deliver circa 35 to 40ktpa copper equivalent production from the KSK CoW and realise Market Capitalisation of peer group companies. Delivering BKM Heap Leach Project unlocks the KSK CoW, establishes necessary operational platform to grow the busine
Slide 17: Contact Information
CONTACT AIM | ARS Darryn McClelland INFORMATION Chief Executive Officer E: darryn.mcclelland@asiametresources.com W: www.asiametresources.com 17
Slide 18: Appendices
is ASIAMET RESOURCES APPENDICES
Slide 19: Kalimantan KSK CoW: BKM Resource Base
KALIMANTAN KSK COW BKM – High Quality Resource Base with Strong Growth Potential Measured Mineral Resources Cut-off Cu % Mt Cu Grade % Copper Kt 0.2 20.6 0.7 148.5 0.5 14.9 0.8 124.9 0.7 8.6 1.0 87.6 Indicated Mineral Resources Cut-off Cu % Mt Cu Grade % Copper Kt 0.2 34.1 0.6 212.6 0.5 21.4 0.8 161
Slide 20: BKM – Updated Ore Reserve May 2023
KALIMANTAN KSK COW BKM – Updated Ore Reserve May 2023 Soluble Copper Total Copper Soluble Copper Total Copper Mt % % kt kt Proved Ore 19.0 0.5 0.7 102 137 Probable Ore 21.8 0.4 0.6 95 135 Total 40.8 0.5 0.7 198 272 Waste Rock 50.3 Waste:Ore Ratio 1.2 Mineral Resources are JORC (2012) compliant (see