Asiamet Resources Limited (AIM:ARS) is a dynamic junior company focussed on the exploration and development of its portfolio of large copper-gold deposits on the Indonesian islands of Kalimantan and Sumatra, adjacent to the key growth markets in Asia. Both deposits contain NI-43-101 compliant Mineral Resources and remain open in several directions.
At the Company’s Beruang Kanan Main (“BKM’) deposit in Kalimantan a near term copper mine development opportunity is being advanced through Resource evaluation and mining development studies. A preliminary economic assessment (“PEA”) evaluating the potential for developing a medium scale SX-EW copper operation at BKM was recently completed. The Beutong porphyry copper-gold-molybdenum deposit is very well located with respect to nearby infrastructure and provides Asiamet with a large copper-gold growth option in the medium term. Reconnaissance exploration has also highlighted potential for the discovery of additional copper, gold and polymetallic base metal deposits on the Company’s KSK CoW and Beutong properties.
Resources at Beruang Kanan Main (BKM) occur in a shallow dipping near surface deposit and as announced on June 28, 2017, currently comprise:
o Measured Resources of 20.5 million tonnes at 0.7% Cu containing 325.7MIbs (147,000 tonnes) of copper at a 0.2% Cu cut-off grade, and
o Indicated Resources of 28.7 million tonnes at 0.6% Cu containing 385.6MIbs (174,900 tonnes) of copper at a 0.2% Cu cut-off grade, and
o Inferred Resources of 17.7 million tonnes at 0.6% Cu containing 241.0MIbs pounds (109,300 tonnes) of copper at a 0.2% Cu cut-off grade.
Two discrete near surface higher grade zones identified in recent drilling provide an opportunity for higher grade starter pits early in the potential mine life and several targets for further copper mineralisation have been identified nearby.
The Beutong Mineral Resource comprises the Beutong East, West and Skarn deposits covering over two kilometres of strike extent. The deposit remains open in several directions and has a high grade central core extending from surface at Beutong East. On a 100% basis the Beutong Mineral Resource comprises:
Measured and Indicated Resources of 93Mt at 0.61% Cu, 0.13ppm Au, 1.97ppm Ag and 97ppm Mo (0.3% copper cut-off grade) containing 1,241MIbs (563,000 tonnes) copper, 373koz gold, 5,698koz silver and 20MIbs molybdenum.
Inferred Resources of 418Mt at 0.45% Cu, 0.13ppm Au, 1.11ppm Ag and 129ppm Mo (0.3% Cu cut-off grade) for contained metal of 4,092MIbs (1,865,000 tonnes) copper, 1.746Moz gold, 14,903koz silver and 112MIbs molybdenum.
Licences for the Beutong project is currently being converted from exploration to exploitation licences with long term (+25 year) tenure.
Asiamet actively supports the local communities in which it operates. In Kalimantan, the Yayasan Tambuhak Sinta (YTS) Foundation has an outstanding track record in community and social development projects within and nearby the Company’s exploration areas.