Asiamet files BKM resource update report for BKM copper prospect
Wednesday, August 16 2017 - 02:40 AM WIB
TSX-listed Asiamet Resources Limited (ARS) said on Tuesday it has filed a technical report supporting the independently estimated updated Resource at the Beruang Kanan Main Zone copper project in Indonesia?s Central Kalimantan Province.
The technical report is titled "Beruang Kanan Main Zone, Kalimantan Indonesia: 2017 Resource Estimate Report", prepared by Duncan Hackman of Hackman and Associates Pty. Ltd. Is as at June 28, 2017 and the report is dated July 28, 2017.
The Beruang Kanan project is located within the KSK Contract of Work. The holder of the KSK Contract of Work (KSK CoW) is PT Kalimantan Surya Kencana (KSK). ARS holds 100 percent of the shares of Indokal Limited (Indokal). KSK is owned 75 percent by Indokal and 25 percent by PT Pancaran Cahaya Kahayan (PCK). Indokal owns 100 percent of PCK.
On February 16, 2017, the company formally established with the Government of the Republic of Indonesia that the KSK CoW has now entered the Feasibility Study Period which runs for not less than two years, is extendable, and provides time to complete studies and identify the area for mining. The KSK CoW has a total of 30+ years remaining for exploration, development and operations.
The company has previously signed a non-binding Memorandum of Understanding (MOU) with the government covering amendments to its KSK CoW. KSK continues discussions with the GOI regarding possible amendments to some of the KSK CoW terms in order to achieve closer alignment with the current Law No. 4/2009.
Mineral Resource Estimate - Beruang Kanan Main Deposit -- June 2017
Measured, Indicated and Inferred Mineral Resource (NI 43-101)
| Measured Mineral Resources | ||||
| Reporting cut (Cu %) |
Tonnes ('000) |
Cu Grade (Cu %) |
Contained Cu ('000 tonnes) |
Contained Cu ('000.000 lbs) |
| 0.2 | 20.5 | 0.7 | 147.7 | 325.7 |
| 0.5 | 15.4 | 0.8 | 126.8 | 279.6 |
| 0.7 | 8.5 | 1.0 | 85.8 | 189.2 |
| Indicated Mineral Resources | ||||
| Reporting cut (Cu %) |
Tonnes ('000) |
Cu Grade (Cu %) |
Contained Cu ('000 tonnes) |
Contained Cu ('000,000 lbs) |
| 0.2 | 28.7 | 0.6 | 174.9 | 385.6 |
| 0.5 | 16.9 | 0.8 | 127.7 | 281.6 |
| 0.7 | 7.7 | 1.0 | 73.8 | 162 |
Inferred Mineral Resources |
||||
| Reporting cut (Cu %) |
Tonnes ('000) |
Cu Grade (Cu %) |
Contained Cu ('000 tonnes) |
Contained Cu ('000.000 lbs) |
| 0.2 | 17.7 | 0.6 | 109.3 | 241.0 |
| 0.5 | 12.1 | 0.7 | 86.2 | 190.1 |
| 0.7 | 4.7 | 0.9 | 41.9 | 92.4 |
Editing by Reiner Simanjuntak