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Asiamet continues to hit attractive copper intercepts at BKM, as bankable study continues

Asiamet is working towards the completion of a bankable feasibility study at BKM

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Asiamet's Indonesian ground holds significant amounts of copper

Asiamet Resources Ltd (LON:ARS) continues to make progress with its latest round of drilling at the Beruang Kanan Main copper project in Indonesia, where 37 resource evaluation holes have now been completed, alongside four geotechnical holes, as part of an ongoing bankable feasibility study.

Highlights from the most recent drilling include 19 metres at 1.16% copper, 27 metres at 0.67% copper, 14 metres at 0.81% copper, and three metres at 0.68% copper.

WATCH: Asiamet opens the data room to potential partners for its BKM project

"The additional program of thirty-seven resource evaluation and four geotechnical drilling holes required for the BKM bankable feasibility study have been completed on schedule,” said Asiamet chief executive Peter Bird.

“The results received to date align well with expectations and further strengthen the robustness of our resource models as we move into the final phase of mine and process design to generate an initial ore reserve for the BKM project. Results from the final nine holes will be reported as they become available later this month.”

In afternoon trading, Asiamet shares were 3% higher at 6.85p.

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Quick facts: Asiamet Resources

Price: 3.5525 GBX

AIM:ARS
Market: AIM
Market Cap: £39.11 m
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Watch

Asiamet Resources announces maiden resource for BKZ deposit

Steve Hughes, VP of exploration for Asiamet Resources Ltd (LON:ARS), discusses with Proactive's Andrew Scott the maiden mineral resource estimate for the BKZ polymetallic deposit in Kalimantan, Indonesia. The initial Mineral Resource Estimate is subdivided into the BKZ upper polymetallic...

on 05/16/2018

2 min read