Asiamet Resources Limited · LSE:ARS
Asiamet Resources — Investor Presentation (August 2021)
29 slides from Asiamet Resources's investor presentation, Aug 23, 2021
Slide 1: Building a Leading Asian Copper Mining Business
BUILDING A LEADING ASIAN COPPER MINING BUSINESS AIM : ARS AUGUST 2021 JUNE 2019
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: Company Overview
Company Overview Asiamet Resources Limited (AIM:ARS) is focused on the development and growth of its high quality, large scale, copper – copper-gold deposits in Indonesia HIGH QUALITY COMPELLING VALUE PROVEN TEAM PORTFOLIO BIG GROWTH • Rare portfolio of base and • JORC Resources contain • Internatio
Slide 5: Why Invest in Asiamet
Why Invest in Asiamet • Strong macro environment for copper Capital Structure (AIM: ARS) • Pipeline of high quality copper and copper-gold As at 20 August 2021 projects with 3Mt copper in JORC Resource-Reserve on the doorstep of key consumer markets Share Price 2.36p • Proven team of mine finders an
Slide 6: Copper Outlook is Strong
Copper Outlook is Strong Rising demand from Renewables and EV Sectors • Worlds largest base metals market (22Mtpa consumption) • Multitude of industrial applications • Strong demand for electricity generation and transmission due to rising global population • Powering the InfoTech revolution • Renew
Slide 7: Corporate Overview
Corporate Overview Experienced team with proven track record Executive Management Tony Manini Leonard Aurlianus Executive Chairman Chief Financial Officer Geologist, 30+ years, Rio Tinto, Oxiana/OZ Finance 19+ years, PT Baramutiara, PT Servo Minerals, Tigers Realm, EMR Capital. Meda Sejahtera, Brahm
Slide 8: Portfolio Value Drivers – Work Program
Portfolio Value Drivers – Work Program Key activities planned to unlock and deliver value over the next 12 months: Status Update BKM Copper Development Project Value engineering works • Metallurgical and process flowsheet optimisation; • Phase 1 complete indicating greater than 70% in Cu recoveries
Slide 9: Portfolio Value Drivers – Work Program
Portfolio Value Drivers – Work Program Key activities planned to unlock and deliver value over the next 12 months: KSK Contract of Work • Drill test high probability copper targets in close proximity to the BKM Copper development project • Line cutting for 30km Induced Polarisation geophysical surve
Slide 10: Portfolio Value Drivers - Timeline
Portfolio Value Drivers - Timeline 2021 2022 2023 BKM COPPER PROJECT Value Enhancement Metallurgical optimisation Operating and capital costs refinements Permitting Supplementary Permits Forestry Borrow - Use Permit (Pinjam Pakai) Project Financing Debt / Equity / Strategic Partners Development Deta
Slide 11: Key Projects – Indonesia
Key Projects – Indonesia KSK Project KSK Contract of Work (100%) Beutong IUP (80%) KSK COW ~400km² BKM Copper Deposit – Feasibility JORC Compliant Resources of 2.4Mt Long-term tenure – 30yrs post Study Completed (5.3Blb) Cu, 2.1Moz Au, 20.9Moz Ag commencement of mining with BKZ Polymetalli
Slide 12: Kalimantan KSK CoW
Kalimantan KSK CoW BKM – JORC Resources and Reserves with Strong Growth Potential Ore Reserves Category Mt Cu Grade % Copper Kt Proved 21.1 0.6 137 Probable 30.4 0.5 166 Total 51.1 0.6 303 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
Slide 13: BKM Initial Project – Feasibility Study
BKM Initial Project – Feasibility Study Strong Production and Cashflow with Growth Potential PRODUCTION FINANCIALS 20-25kt Copper Cathode Revenue: US$1.27 billion EBITDA: US$563.3 million INITIAL CAPEX1 LOW CAPITAL US$223.4 million INTENSITY2 US$7,680/t NPV8 / IRR3 C14 / AISC4 US$124.8 million / 19.
Slide 14: BKM Initial Project – Feasibility Study
BKM Initial Project – Feasibility Study* Strong Production and Cashflow with Huge Growth Potential LOM Copper Cathode Production 25.0 Initial mine life 9 years with strong potential to convert Inferred Resources Copper Cathode Production (Kt) 20.0 to extend mine life 15.0 Production of LME Grade
Slide 15: Sensitivities – BKM Feasibility Study
Sensitivities – BKM Feasibility Study The feasibility study (FS) for the BKM copper project used a LT copper price of $3.30/lb (June 2019). The table below provides copper price sensitives for the BKM project 2019 FS (no changes in any other assumptions) Copper Price NPV8 $M IRR (%) 2019 FS $3.30/lb
Slide 16: Kalimantan KSK CoW
Kalimantan KSK CoW BKM Copper Project – Process Flow Sheet Conventional Process Design Process Route involves: 1. Crushing & grinding 2. Agglomeration 3. Heap-leach 4. Pls pond 5. Solvent Extraction/Electrowinning (SX-EW) 6. Producing Grade A Copper Cathode 16
Slide 17: BKM Initial Project – Feasibility Study
BKM Initial Project – Feasibility Study Identified Value Enhancement Opportunities The ‘top 5’ Value Enhancement opportunities deliver a ‘risk adjusted’ uplift to the base NPV of ~$35m. Enhance copper recoveries through alternative leaching process technology (~$20M)* VALUE ENHANCEMENT OPPORTUNIIT
Slide 18: Kalimantan KSK CoW
Kalimantan KSK CoW BKM District Exploration - Exceptional Growth Potential BKM (red) is the first to be evaluated - JORC Resource contains 452Kt Copper. Ore Reserves contain 303Kt Copper. Feasibility Study completed in Q2 2019 Drilling outside BKM is very limited. Four key target areas identifie
Slide 19: BKM – Value Enhancements
BKM – Value Enhancements Near mine exploration for targets proximal (less than 3kms) to the BKM Resource that have the potential to add significant value. The high priority targets to be investigated immediately include: BKM ‘link zone target’ the immediate zone between BKM and BKZ Testing of
Slide 20: Beutong Copper-Gold Project
Beutong Copper-Gold Project 20
Slide 21: Beutong Project – Infrastructure Advantage
Beutong Project – Infrastructure Advantage Road, Power, Port Infrastructure Nearby Located only 60km inland and north-east of the township of Meulaboh, Aceh Access to project site is via partially sealed roads from the regional towns of Meulaboh and Takengon Meulaboh - population 50,000. Comme
Slide 22: Beutong Project – Exciting Cu-Au Discovery
Beutong Project – Exciting Cu-Au Discovery High Quality Deposit with Big Upside Copper Model Large, high quality porphyry Cu-Au-Mo deposit. Measured + Indicated JORC Resources (100%) 1.2BIbs Cu, 0.4Moz Au, 5.7Moz Ag, 20Mlbs Mo Inferred JORC Resources (100%) 4.1BIbs Cu, 1.7Moz Au, 14.9Moz A
Slide 23: Beutong Copper - Gold Deposit
Beutong Copper - Gold Deposit Large, High Quality, Globally Significant 2.50% 2.25% 2.00% Carrapateena 1.75% (Australia) 1.50% Marcona Copper Grade (Peru) 1.25% Olympic Dam (Australia) Beutong Large Cu-Au Resource Expected to Grow 1.00% Beutong High Grade Core 0.75% Beutong Sentinel (Indonesia) Anta
Slide 24: Community Development
Community Development Active social development programmes Asiamet and its predecessor Companies have been closely involved in community and social development in Central Kalimantan since commencing exploration work in 1981. Company established Yayasan Tambuhak Sinta (YTS) foundation in 1997 and h
Slide 25: Asiamet – An outstanding opportunity
Asiamet – An outstanding opportunity 25
Slide 26: Why Invest in Asiamet Resources??
Why invest in Asiamet Resources? Why Invest in Asiamet Resources?? Quality Assets & People Value Timing Focussed team with a proven track Copper market is entering a Rare near-term development record - Indonesia, discovery, mine period of sustained strong ready copper project development deman
Slide 27: Contact Information
Contact Information AIM | ARS Tony Manini Executive Chairman E: tony.manini@asiametresources.com W: www.asiametresources.com 27
Slide 28: Appendices
Appendices od ASIAMET RESOURCES 28
Slide 29: Appendix 1. Beutong Project – Mineral Resource
Appendix 1. Beutong Project – Mineral Resource Large Cu-Au-Mo deposit with higher grade core from surface Beutong 2019 Resource Estimate - Report at 0.3% Cu Lower Cut Classification Grade Metal Mineralisation Tonnes (Mt) (JORC 2012) Cu (%) Au (ppm) Ag (ppm) Mo (ppm) Cu (Kt) Au (kOz) Ag (kOz) Mo (Kt)
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