Proactive Investors - Run By Investors For Investors

Asiamet Resources has billion dollar potential - CEO

Tony Manini, chief executive of Asiamet Resources Limited (LON:ARS, CVE:ARS) says, "We've definitively got the assets here to create a business that's worth many hundreds of millions if not billions of dollars."

The mining veteran was speaking about the maths of the Beruang Kanan Main copper deposit in Central Kalimantan.  “If you can produce 50,000 tonnes of copper a year you're a billion dollar plus business. The asset base is very capable of achieving that and we've got the team in place that's done this multiple times before and has the ability to execute on that plan."

The Indonesia-focused copper project developer said drilling continues to intersect shallow high grade copper mineralisation within the BK058 zone and talks to engage a strategic investor  are ongoing with groups in both Indonesia and China to support the build out of the company and the project.

 
Meet Yellow Cake PLC, Avation PLC, Manolete Partners PLC and Crossword Cybersecurity Plc at our event, London , 05 September 2019. Register here »
View full ARS profile View Profile

Asiamet Resources Timeline

© Proactive Investors 2019

Proactive Investors Limited, trading as “Proactiveinvestors United Kingdom”, is Authorised and regulated by the Financial Conduct Authority.
Registered in England with Company Registration number 05639690. Group VAT registration number 872070825 FCA Registration number 559082. You can contact us here.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use