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Asiamet Resources Ltd.

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Summary

Project:

Beruang Kanan

Deposit:BKM
Location:Indonesia
Commodities:Copper
Date:6/14/2019
Report Code:(no Code)
Report Type:Feasibility Study
Project Stage:Pursuing Resource Increase/Upgrade
Report details:14-6-2019: Asiamet Resources Ltd. announces a Feasibility Study report for its BKM deposit at the Beruang Kanan project. Feasibility study results incl. post-tax NPV (8%) of $133.5M, 19.5% IRR. The Company is pleased to announce the results of the Feasib
Resources:(Reserve, I+I): 51.5Mt @ 0.6% Cu for 303Kt copper contained
CP/QP:[Overall Report]: n/a (n/a)
ABSTRACT:The Company is pleased to announce the results of the Feasibility Study for its 100% owned BKM Project located in Central Kalimantan, Indonesia. A detailed and comprehensive study on developing the BKM copper deposit using open pit mining and a solvent extraction-electrowinning (SX-EW) Copper Heap Leach (the 'Project') processing has been completed using a highly experienced team of consultants and advisors working with inhouse personnel. Delivery of the Feasibility Study now paves the way for the Company to enter detailed discussions with potential partners and financial institutions who have expressed an interest in working with Asiamet to develop the BKM project. A summary of the highlights of the Feasibility Study are detailed below and the Executive Summary of the Feasibility Study is separately available on the Company's website at www.asiametresources.com

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