For thousands of other reports visit RSC's Mineral Intellingence Map
Asiamet Resources Ltd.
Summary
| Project: | Beruang Kanan | |
|---|---|---|
| Deposit: | BKM | |
| Location: | Indonesia | |
| Commodities: | Copper | |
| Date: | 6/14/2019 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Feasibility Study | |
| Report details: | 14-6-2019: Asiamet Resources Ltd. announces a Resource Estimation report for its BKM deposit at the Beruang Kanan project. Initial ore reserve for project. Asiamet Resources Limited ("Asiamet", "ARS", or the "Company") is pleased to announce a maiden Ore | |
| Resources: | (Reserve, I+I): 51.5Mt @ 0.6% Cu for 303Kt copper contained | |
| CP/QP: | [Overall Report]: John Wyche (Australian Mine Design and Development Pty Ltd.) | |
| ABSTRACT: | Asiamet Resources Limited ("Asiamet", "ARS", or the "Company") is pleased to announce a maiden Ore Reserve for the Beruang Kanan Main ("BKM") copper deposit located in Central Kalimantan, Indonesia. Asiamet holds a 100% interest in BKM project through its operating subsidiary PT Kalimantan Suraya Kencana (PT KSK). The Statement of Ore Reserves in Table 1 completed by Australian Mine Design and Development Pty Ltd ("AMDAD") is reported in accordance with the requirements of the 2012 JORC Code. Peter Bird, Asiamet's Chief Executive Officer commented: "We are very pleased to deliver a maiden Ore Reserve for the BKM copper project, a major milestone which assesses the economic viability of the project. Ore Reserves represent that part of the Resource base which can be economically extracted using the parameters defined in the BKM Feasibility Study and provide the underlying foundations of the project. The very strong conversion of Resource to Reserve tonnages fully validates our belief that the BKM project represents a robust mid-size copper project with excellent potential for mine life extensions through further exploration and development. The BKM project lies in a very prospective mineral district and is one of a few copper development projects close to the main consumer markets in Asia, at a time when the copper market is forecast to move into a supply deficit due to a lack of investment in exploration and development over the past 10 years. The BKM Copper project remains strongly positioned to capitalise on its proposed development timeline." | |
Full Report
opaxe is a smart software platform that reconfigures and redistributes information and produces business insights to help mining professionals and investors make better decisions. We utilise technology and machine learning for data collection and human intelligence for the value-added services.
Full Report