Tiger Realm Metals to produce copper by 2016
Wednesday, October 17 2012 - 05:21 AM WIB
Tiger Realm Metals (TR Metals), part of Tiger Realm group, an Australian based resources company, targets to commence copper production of between 50,000 to 100,000 tons per annum by 2016 from its Beutong Copper Project in Aceh.
The company in presentation at Mines and Money Australia Conference 2012, at Sydney Convention and Exhibition Centre said that Beutong project has maiden resource of 505 million tons. It has also higher grade core of 153 million tons at 0.76% Cu Eq.
Currently, the company is focusing on developing and expanding its portfolio of high quality copper and gold asset. Its key projects include Beutong Copper Project and Woyla Gold Project - both located in Aceh.
The tenement covers an area of 100km2 and is held under an exploration license (IUP), granted according to Indonesian mining law.
TR Metals has an agreement with PT Emas Mineral Murni to earn up to an 80% interest in the Beutong Project.
Editing by Adianto P. Simamora