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Asiamet lines up exploration programme to increase the mineralisation and mine life at BKM

Asiamet completed a feasibility study for BKM earlier this year

Asiamet Resources -
The project's copper footprint is already substantial

Following on from the feasibility study for its BKM copper project in Indonesia, Asiamet Resources Ltd (LON:ARS) has designed an exploration programme focused on some of the walk-up targets nearby.

BKM is part of the wider KSK Contract of Work, which comprises 39,443 hectares and has a number of copper, copper-gold and other polymetallic targets. 

The walk-up targets have the potential to add significant value by extending mine life beyond the initial nine years that have been modelled. In addition, these targets are expected to add heap-leachable copper resources to those already defined.

BKM is already known to contain a reserve of 51mln tonnes grading 0.6% copper, as well as significant measured, indicated and inferred resources.

The company has completed and lodged all required documentation in relation to the permits required for exploration access of the above-mentioned targets and mobilisation of drilling equipment is anticipated in the next couple of weeks.

“We anticipate drilling these four targets areas located in close proximity to the existing resources at BKM this year,” said Asiamet chief executive Peter Bird.

“Our previous exploration work suggests that there are a number of walk-up targets in the area, a number of which are oxide-dominant which allows for processing via heap-leach and SX-EW.  Any discoveries that are defined proximal to the current BKM Resource have a commercial advantage when compared with more regional discoveries as they can leverage off proposed infrastructure, logistics and technical expertise that will be already established around the BKM Mine." 

 

Quick facts: Asiamet Resources

Price: 2.301 GBX

AIM:ARS
Market: AIM
Market Cap: £21.35 m
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