Asiamet reshapes plans for BKM copper project
“Delivering 89% of copper production for only 67% of the total material movement relative to the 2019 study demonstrates a focus on quality"
Company
LON:ARS
Asiamet Resources Ltd is an emerging copper producer focused on the development of a portfolio of large copper, copper-gold and polymetallic deposits in Indonesia, adjacent to the key growth markets in Asia.
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“Delivering 89% of copper production for only 67% of the total material movement relative to the 2019 study demonstrates a focus on quality"
Asiamet has a long track record of operating in Indonesia
Optiva Securities gives AIM-quoted copper firm the thumbs up
£2.65mln placement increases PT Delta Dunia Makmur’s stake in Asiamet to 24.2%
Connection to the grid would ‘significantly improve’ the project economics, the company said
"Drilling underway to expand the BKM and BKZ Resources is expected to demonstrate the potential for significant production growth and mine life upside at this important time for project financing and partner discussions," said executive cha
A direct ship ore operation (DSO) at the nearby BKZ deposit is being assessed
The market is expecting a prolonged period of strong prices as demand is outstripping supply
The copper price has been hitting new highs recently
Eva Djauhar is one of the few mining law practitioners in Indonesia
Asiamet has significant and long-term experience of operating in Indonesia
Changing the processing method can mean higher copper recoveries
Asiamet has extensive experience of operating in Indonesia
The company said it has raised around £10mln that will be used to advance various programmes at its BKM copper project in Indonesia
"The Asiamet Board is of the view that Aeturnum Energy through its investment in Asiamet is now attempting to secure control over the Company's valuable copper assets"
Asiamet has a long track-record and plenty of experience of operating in Indonesia
The firm previously agreed to sell its subsidiary Indokal to private company PT WIN for US$163.4mln
The company said it is now commencing the conditional approval process for a 'borrow-to-use forestry permit', which will allow it to progress the BKM project to development and construction
The company has signed a sale and purchase agreement to sell its subsidiary Indokal, the owner of the BKM project, to private company PT Wasesa Indo Nusa for US$163.4mln