Asiamet Resources Limited · LSE:ARS
Asiamet Resources — 121 Conference Hong Kong (March 2023)
30 slides from Asiamet Resources's conference presentation, Mar 29, 2023
Slide 1: Copper to Power Asia's Energy Transition
AIM : ARS COPPER TO POWER ASIA’S ENERGY TRANSITION Perfectly Timed to meet rising demand March 2023
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: Company Overview
COMPANY OVERVIEW Quality Assets with the right metals at the right time HIGH QUALITY COMPELLING VALUE PROVEN TEAM PORTFOLIO BIG GROWTH Rare portfolio of base and JORC (2012) Resources Internationally recognised precious metal projects with contain 2.9Mt Cu, 2.1Moz team with proven track district sca
Slide 4: Corporate Profile
CORPORATE PROFILE Future facing metals SHARE PRICE MARKET CAPITALISATION CASH Path to first production £24.1m US$3.96m Indonesia – right place, 1.10p $29.5m Million right time Direct presence in 12-month high/low in 2,187.1 million shares on issue No Corporate Debt Indonesia share price 3.4-0.85 Cas
Slide 5: Management Team
MANAGEMENT TEAM Experienced team with proven track record Tony Manini Leonard Aurlianus Executive Chairman Chief Financial Officer Geologist, 30+ years, Rio Tinto, Oxiana/OZ Finance 19+ years, PT Baramutiara, PT Servo Meda Minerals, Tigers Realm, EMR Capital. Sejahtera, Brahma Capital, PT Pinang Coa
Slide 6: Copper in the Global Context
COPPER IN THE GLOBAL CONTEXT Growing mismatch between supply and demand Copper Demand Energy Transition Uses Forward outlook for copper is clear Inflection point reached 2021 with exponential inc in use in EVs Mine production peaking and moving into structural decline Energy transition and global sh
Slide 7: Copper Industry News
COPPER INDUSTRY NEWS Continuous positive news flow regarding future copper market dynamics…for producers “I would highlight copper as the most critical metal globally given the shortage in the market. We only had 3.5 days of copper stock equivalent at the end of last year,” Trafigura’s Kostas Bintas
Slide 8: Indonesia Battery Metals Powerhouse
INDONESIA BATTERY METALS POWERHOUSE Attracting the world’s leading EV players PwC predicts Indonesia to have the World’s 4th largest economy by 2050 Population of 276.4 million – enormous human capital with long history of mining Recipient of large foreign investments into battery metals and battery
Slide 9: Asiamet Projects Overview
ASIAMET PROJECTS OVERVIEW Beutong IUP (80%) KSK Contract of Work 20yr + 2*10yr Extensions (100%) Resources (JORC 2012) 30yr + 2*10yr Extensions Copper – 2.4Mt (100%) Resources (JORC 2012) Gold – 2.11M Oz (100%) Copper – 473kt Zinc – 101kt Silver – 20.9M Oz (100%) Lead – 40kt Large Porphyry Cu-Au-Mo
Slide 10: Kalimantan KSK COW: BKM Near Surface Resources
KALIMANTAN KSK COW BKM – Near Surface Resources 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 0.8 161.3 0
Slide 11: BKM Copper Feasibility Study (2023)
BKM COPPER FEASIBILITY STUDY (2023) Optimise Production & Cashflow to Grow the Business Project Physical Aspect Unit 2022 FS Update Ore Mined Mt 38.4 PRE-PRODUCTION CAPEX $236.5m1 Waste Mined Mt 52.5 Total Material Mined Mt 90.9 15-20ktpa CATHODE PRODUCTION Strip Ratio W:O 1.37 154.3KT 10 years Maxi
Slide 12: BKM Copper Project the Path Forward
BKM COPPER PROJECT THE PATH FORWARD Indicative timeline to bring BKM Copper Heap Leach Project to Production. Project Feasibility Financing Construction Nameplate Study Completion Copper FEED Commissioning Production Engineering Q2 2023 2024 H1 2026 Q1 2023 H2 2023 2025 H2 2026 Project Financing Fir
Slide 13: Kalimantan KSK COW: BKZ Resource Growth Potential
KALIMANTAN KSK COW BKZ Resource Growth Potential / Project Optionality BKZ Mineral Resource Estimate – May 2022 BKZ Prospect – immediately adjacent Upper Polymetallic Zone – Inferred Resource (JORC 2012) ¹ to proposed BKM mine. Grade Metal 7,100m of resource expansion drilling Tonnes (kt) Zn Ag Au A
Slide 14: Kalimantan KSK COW: BKZ Exploration Targets
KALIMANTAN KSK COW BKZ Resource Growth Potential - Exploration Targets BKM Base Metal and Gold-Silver Exploration Targets – May 2022 BKZ Exploration Targets (JORC 2021) Grade Mineralization Tonnes (kt) Zone Zn (%) Pb (%) Cu (%) Ag (g/t) Au (g/t) Zinc / Lead 250 – 1500 6–9 3-5 Copper 100 – 150 1.0 –
Slide 15: Kalimantan KSK COW: District Scale System Underexplored
KALIMANTAN KSK COW District Scale System Underexplored Potential for multiple discoveries 15 highly prospective targets identified Copper-rich polymetallic vein systems over 4km² at Far East Zone (FEZ). Approx. 10km² of potential interest at Baroi Central and South Zones FEZ defined by outcropping m
Slide 16: Beutong Copper-Gold Project
BEUTONG COPPER-GOLD PROJECT 16
Slide 17: 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 1.25% (Peru) Beutong Large Cu-Au Resource Expected to Grow Olympic Dam… 1.00% Beutong High Grade 0.75% Core Beutong Antapaccay Sentinel… (Indonesia) Bat
Slide 18: Beutong Copper-Gold Deposit: Exciting Cu-Au Discovery
BEUTONG COPPER – GOLD DEPOSIT: Exciting Cu-Au Discovery High Quality Deposit with Huge Upside Copper Model Large, high quality porphyry Cu-Au-Mo deposit. Measured + Indicated Resources JORC 2012(100%) 1.2BIbs Cu, 0.4Moz Au, 5.7Moz Ag, 20Mlbs Mo * Inferred Resources JORC 2012 (100%) 500mts depth ----
Slide 19: Beutong Deposit: Infrastructure
BEUTONG DEPOSIT: INFRASTRUCTURE Road, Power, Port Infrastructure in close proximity Project is well located - within easy access to 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
Slide 20: 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 21: Social Capital
SOCIAL CAPITAL Asiamet / KSK & YTS Community Engagement Model Asiamet/KSK closely involved in community and social development in Central Kalimantan since commencing exploration in 1981. Company established YTS foundation in 1997 and has provided support since. Enormous amount of Social Capital has
Slide 22: Social Capital
SOCIAL CAPITAL Asiamet / KSK & YTS Community Engagement Model 750 Students beneficiaries Village development planning KKC Scholarship support on 32 villages Computer training for village Livelihood and entrepreneur government staff on 32 villages training on 5 joint business groups 22
Slide 23: Phased Value Creation Strategy – KSK
PHASED VALUE CREATION STRATEGY – KSK PHASE 1 – BKM Copper Heap Leach SXEW Develop heap leach to get into production of copper cathode – direct sale to international markets Establish infrastructure to support existing and longer term operations. Copper Cathode Production reaching 19.6kt in Years 2 a
Slide 24: Phased Value Creation Strategy – Beutong
PHASED VALUE CREATION STRATEGY – BEUTONG PHASE 1 – Copper Concentrate Production Existing M&I Resources Measured and Indicated Resources 90Mt @ 0.61% Copper, 0.12g/t Gold, 1.92g/t Silver (0.3%Cu CoG) Assume conversion of convert M&I Resources (0.5%Cu cut-off) to Mining Reserve of 65Mt @ 0.68%Cu Flot
Slide 25: Asiamet Long Term Strategy - Copper
ASIAMET LONG TERM STRATEGY - COPPER Three Phase development to reach 60ktpa total copper 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 Acid Product
Slide 26: Why Invest in Asiamet Resources?
WHY INVEST IN ASIAMET RESOURCES? QUALITY ASSETS & VALUE PEOPLE Sustained strong copper demand driven by Asian economic growth, renewable energy infrastructure and EV’s Focussed team with a proven track record - Supply is constrained due to a lack of exploration discovery and Indonesia, discovery, mi
Slide 27: Contact Information
CONTACT AIM | ARS Darryn McClelland INFORMATION Chief Executive Officer E: darryn.mcclelland@asiametresources.com W: www.asiametresources.com 27
Slide 28: Appendices
ie ASIAMET RESOURCES APPENDICES
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)
Slide 30: Appendix 2. BKM Copper Project: Process Flow Sheet
APPENDIX 2. 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 30
Asiamet Resources — 121 Conference Hong Kong (March 2023) on 6ix