logo-loader

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

Last updated: 10:45 20 Mar 2019 EDT, First published: 03:54 20 Mar 2019 EDT

1553068662_copper-periodic-table
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.

 -- Adds share price --

 

 

 

 

 

Asiamet talks ITE progress, offtake, permitting and third-party approaches

Asiamet Resources Ltd (AIM:ARS, OTC:KMGLF) CEO Darryn Mclelland talks through a recent comprehensive update on Asiamet's financing process and other activity including ITE due diligence for their debt finance process, progress on offtake pre-payment financing, permitting and project execution...

on 10/10/2023