Asiamet Resources Limited · LSE:ARS
Asiamet Resources — Investor Presentation (March 2018)
32 slides from Asiamet Resources's investor presentation, Mar 21, 2018
Slide 1: Advanced-stage copper development opportunity
Advanced-stage copper development opportunity AIM | ARS MARCH 2018
Slide 2: Forward Looking Statement
Forward Looking Statement The information contained in this confidential document (the “Presentation”) has been prepared by Asiamet Resources Limited (the “Company” or "Asiamet") solely for informational purposes. Information contained herein does not purport to be complete and is subject to certain
Slide 3: Forward Looking Statement
Forward Looking Statement The documented geometries of mineralised inventory or exploration targets are not intended to be a proxy, or used as a basis, for mineral resource calculations. It is not certain if additional exploration will result in the delineation of Mineral Resources in, or near, thes
Slide 4: Executive Summary – Why Asiamet?
Executive Summary – Why Asiamet? Asiamet Resources Limited (“ARS”) is an AIM listed base metals company (market capitalisation ~ £90m) focused on development and exploration of its high quality, large scale, copper-gold and base metals deposits in Indonesia Quality Assets Proven Team Compelling Valu
Slide 5: Executive Summary – Why Asiamet?
Executive Summary – Why Asiamet? KSK Project - BKM medium KSK Project - BKZ and other Beutong Project - large scale term cash flow regional targets Cu-Au resource The Company has full ownership of the KSK Significant walk-up expansion targets at Asiamet’s longer-term project is Beutong, Project
Slide 6: Capital Structure
Capital Structure Capital Structure1 Share Price 14 Listing AIM | ARS 12 Shares 924.9m 10 Price p Options 51.3m 8 6 Warrants 9.2m 4 Share price £0.13 2 52 week range 3.6p - 14.5p 0 Jan-16 Mar-16 Jun-16 Sep-16 Dec-16 Mar-17 Jun-17 Sep-17 Nov-17 Feb-18 Market Cap (undiluted) £120m Significant Sharehol
Slide 7: Corporate Overview
Corporate Overview Experienced team with proven track record Board & Executive Management Tony Manini Peter Bird Executive Chairman Chief Executive Officer Geologist, +30 years, Rio Tinto, Oxiana/OZ Geologist, 30 years, Normandy, Newcrest, Merrill Minerals, Tigers Realm, EMR Capital Lynch, Heemskirk
Slide 8: Why Copper? Demand Fundamentals
Why Copper? Demand Fundamentals 1.3t/MW of copper 6.8t/MW of copper 23kg of copper 60kg of copper 8
Slide 9: Why Copper? Demand/Supply Fundamentals
Why Copper? Demand/Supply Fundamentals Solid Fundamentals Demand for EV Will Impact the Copper Market REFINED CONSUMPTION BY REGION vs PRIMARY SUPPLY 35 35 30 30 25 25 million tonnes 20 20 15 15 10 10 5 5 0 0 2000 2005 2010 2015 2020 2025 2030 2035 China Other Asia North America Europe Row Primary S
Slide 10: Why Copper? Price Outlook
Why Copper? Price Outlook Supply constraints Global Copper Market Balance and Prices Q4 2017 Compared to Q3 2017 Long Term Outlook Market deficit possibly earlier than anticipated before Source: Wood Mackenzie 10
Slide 11: Key Projects – KSK
Key Projects – KSK Location, Title and Summary Status KSK BKZ Polymetallic Project – Maiden Resource Stage District scale polymetallic potential in both blocks Polymetallic (Cu-Pb-Ag-Pb-Au) vein system that is zoned from an upper Ownership, 100%. Tenement over 610km2 Zn-Pb-Ag to a lower Cu-Ag
Slide 12: Key Projects – Beutong
Key Projects – Beutong Location, Title and Summary Status Beutong Copper-Gold Project Large Copper and Gold Resource at Beutong East, West and Skarn NI 43 - 101 compliant technical report Indonesian Feasibility Study completed Current ownership 40% earning up to 80% Tenement size 100km²
Slide 13: KSK Project – BKM Copper Deposit
KSK Project – BKM Copper Deposit Near Term Development Opportunity with Significant Resource Growth Potential Feasibility study well advanced with BERUANG KANAN PROJECT DFS expected in Q2 2018 Copper soil images & drillholes Extensive near surface deposit High confidence NI 43-101 compliant co
Slide 14: BKM Copper Deposit
BKM Copper Deposit Strong Technical Fundamentals Very shallow – outcropping, locally up to 150m thick Section 17m @ 0.77% Cu Incl. 4m @ 1.55% Cu 24m @ 0.92% Cu 22m @ 1.25% Cu 7.5m @ 4.11% Cu 53.2m @ 0.73% Cu Incl. 29.2m @ 1.02% Cu BKM32550 Excellent continuity of copper mineralisation 92m @ 0.90
Slide 15: BKM Copper Deposit - Preliminary Economic Assessment
BKM Copper Deposit - Preliminary Economic Assessment Low Strip Ratio – Heap-Leach SX-EW Mine BKM PEA Mine Parameters Waste Dump Low strip ratio open pit - 1.23:1 Valley fill secondary copper heap-leach Copper Leach Pad SX-EW processing Production target of 25,000tpa LME grade A (99.99%) copp
Slide 16: BKM Copper Deposit – Preliminary Economic Assessment
BKM Copper Deposit – Preliminary Economic Assessment Highly Attractive Economics TONNES PEA Copper Production Profile BKM – Economic Summary Unit Base Case 30,000 Life of Mine (LOM) Years 8 25,000 Copper Cathode Sold Mlbs 391 20,000 Copper Price (LOM Average) $US/lb 3.25 Targets identified for 15,00
Slide 17: BKM Copper Deposit – Transport and Logistics
BKM Copper Deposit – Transport and Logistics The KSK CoW is located 165km NW of Palangkaraya, the regional capital of Central Kalimantan BKM site is accessed from Palangkaraya via sealed road (3hrs) and all weather unsealed road (2.5hrs) Bulk materials and copper cathode transportation for the
Slide 18: BKM - Work Programme 2018
BKM - Work Programme 2018* Project Development Timeline 2018 work programmes are focused on: Completing BKM feasibility study inputs Exploration drilling to delineate additional Resource potential close to the BKM deposit Initial discussions with financiers Jan Feb Mar Apr May Jun Jul Aug Sep
Slide 19: KSK Project – District Scale Potential
KSK Project – District Scale Potential BKZ – High Quality Stand Alone Base Metal Target Maiden Resource planned for May 2018 BKZ Project, outcropping massive sulphide, polymetallic mineralization, underlain by copper-silver mineralization Polymetallic mineralisation confirmed over a strike len
Slide 20: KSK Project – Baroi District
KSK Project – Baroi District Baroi – High Quality Base Metal & Gold Vein Systems Copper-rich polymetallic vein systems at Far East Zone (FEZ), within the Baroi Project area FEZ, outcropping massive bornite – chalcopyrite mineralisation, with locally strong galena and sphalerite High-grade mine
Slide 21: Beutong Project – Exciting Cu-Au Discovery
Beutong Project – Exciting Cu-Au Discovery Quality Deposit with Significant Upside Potential Large, high quality porphyry Cu-Au-Mo deposit. Refer Appendix 1 – Beutong Mineral Resource Measured + Indicated Resources (100%) 1.2BIbs Cu, 0.4Moz Au, 5.7Moz Ag, 20Mlbs Mo Inferred Resources (100%)
Slide 22: Beutong East Porphyry
Beutong East Porphyry Resource Growth Potential Major exploration upside still to be evaluated Beutong East Porphyry – Section Line BEU0700 Current Resource (NI43-101) based drilling to 500m in depth BEU0700-01 EOH – 150m Deposit remains open to west, east and depth examples include: BEU0700
Slide 23: Beutong Project – Infrastructure Advantage
Beutong Project – Infrastructure Advantage Road, Power, Port Infrastructure nearby Located 60 km inland and NE of the township of Meulaboh, Aceh Access to project site is via partially sealed roads from the regional towns of Meulaboh and Takengon Meulaboh has a population of approximately 50,0
Slide 24: Why invest in Asiamet Resources?
Why invest in Asiamet Resources? Quality Assets & People Value Timing • Focussed team with a proven track • Copper market is rising off a cyclical • Rare near-term development-ready record - Indonesia, discovery, mine low. Base metal metal prices with copper project development, funding upward momen
Slide 25: Contact Information
Contact Information AIM | ARS Tony Manini Executive Chairman M: +61 410 384 465 E: tony.manini@asiametresources.com W: www.asiametresources.com Peter Bird Chief Executive Officer M: +61 438 871 995 E: peter.bird@asiametresources.com W: www.asiametresources.com 25
Slide 26: BKM Copper Deposit – Feasibility Study Team
BKM Copper Deposit Feasibility Study Team – Extensive and Relevant Experience The BKM Feasibility study is being managed in-house by Asiamet using expert consultants for various components of the study. The study will be completed to a bankable standard*. All field operations and QC/QA are managed i
Slide 27: Appendix 1. Beutong Project – Mineral Resource
Appendix 1. Beutong Project – Mineral Resource Large Cu-Au-Mo deposit with higher grade core from surface Beutong 2014 Resource Estimate - Report at 0.3% Cu Lower Cut Grade Metal Classification (NI 43-101) Mineralisation Tonnes (Mt) Cu Eq (%) Cu (%) Au (ppm) Ag (ppm) Mo (ppm) Cu (Kt) Au (kOz) Ag (kO
Slide 28: Why Zinc? Price Outlook
Why Zinc? Price Outlook Supply Constraints Global supply and demand market balance weeks Supply (Mt) Real 3-Month Price (US$/t) Demand (Mt) Stock Ratio (weeks) Market Balance (kt) Source: CRU 21 November 2017 28
Slide 29: The Significance of Indonesia to Greater Asia
The Significance of Indonesia to Greater Asia One Belt One Road 29
Slide 30: Community Development
Community Development Active social development programmes Asiamet has been closely involved in community and social development in Central Kalimantan since it first started working there. To this end, the Company set up a foundation, Yayasan Tambuhak Sinta (YTS) in 1997 and has provided managemen
Slide 31: Regulatory Framework
Regulatory Framework Summary KSK Project Mineral and coal mining activities are governed under the Law on Mineral and Coal Mining No. 4 of 2009 (the “Mining Law”). This law replaced the previous Mining Law 11/1967, which provided the framework for all of Indonesia’s pre-2009 mining concessions inc
Slide 32: Regulatory Framework
Regulatory Framework Summary Beutong IUP The Beutong project is held under a Mining Business License (Izin Usaha Pertambangan – “IUP”). Asiamet currently owns 40% of the Beutong Project and has the right to farm into 80% of the project The IUP is granted for two separate phases of mining activit
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