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: | 6/28/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Feasibility Study | |
| Report details: | 28-6-2017: Asiamet Resources Ltd. announces a Resource Estimation report for its BKM deposit at the Beruang Kanan project. Copper contained in measured and indicated resource category increased by 207%. Asiamet Resources Limited ("ARS” or the "Company") i | |
| Resources: | (Resource): 20.5Mt @ 0.7% Cu (Meas.), 28.7Mt @ 0.6% Cu (Ind.), 17.7Mt @ 0.6% (Inf.) | |
| CP/QP: | [Resources]: Duncan Hackman (Hackman & Associates Pty Ltd) | |
| ABSTRACT: | Asiamet Resources Limited ("ARS” or the "Company") is pleased to report an updated Mineral Resource estimate for the Beruang Kanan Main (“BKM”) deposit within the Company’s 100% owned KSK Contract of Work in Kalimantan, Indonesia. The Resource has been independently estimated by Duncan Hackman of Hackman & Associates Pty Ltd (Australia) and a Technical Report compliant with NI 43-101 will be published and available on the Company’s website and SEDAR (www.sedar.com) within 45 days of publication of this news release. As required under NI 43-101 Measured, Indicated and Inferred Resources are reported separately below. The 2017 updated Mineral Resource estimate will be the subject of ongoing mining engineering and metallurgical studies as part of a BKM Feasibility Study and further optimisation of the BKM PEA open pit design is expected. Asiamet Resources CEO Peter Bird commented: The outcomes from the Resource evaluation work completed on the BKM deposit over the past year have been outstanding. Copper grades and tonnages have proven to be very robust with a 207% increase in the higher confidence level Measured and Indicated Resources and approximately 30,000 tonnes of copper added to the overall copper inventory. Most importantly 75% of the contained copper is now in high confidence Resources and 73% sits inside the PEA pit design. As such the conversion to Mineral Reserves is anticipated to be strong when mining and metallurgical studies are completed in coming months. We are very pleased with the outcome of Resource work and expect it will provide a solid base to build upon an already very robust Preliminary Economic Assessment. | |
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