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CENTRAL KALIMANTAN, Indonesia - Asiamet Resources Limited has announced an updated Ore Reserve Estimate for the BKM Stage 1 Copper Project, a key component of its upcoming Optimised Feasibility Study. The revised reserves reflect a substantial increase in the project’s proven and probable copper ore, positioning Asiamet for the next phase of development in the region.
The updated Ore Reserve Estimate, prepared by Australian Mine Design and Development Pty Ltd and compliant with the JORC Code 2012, indicates a Proved Reserve of 15.0 million tonnes at 0.8% copper and a Probable Reserve of 13.3 million tonnes at 0.7% copper. This brings the total Ore Reserves to 28.3 million tonnes at 0.7% copper, containing approximately 207,000 tonnes of copper.
A significant reduction in waste mining to 22.1 million tonnes has been achieved with a low strip ratio of 0.8:1. The mining and processing method remains consistent with previous plans, utilizing open-pit mining combined with heap-leach and solvent extraction/electro-winning processing techniques.
Darryn McClelland, CEO of Asiamet, expressed confidence in the updated reserves, noting that the 15-month technical review culminated in a refined heap leach facility design. This redesign aims to reduce construction capital by focusing on a smaller, high-grade ore reserve and a reduced strip ratio. The revised pit design also allows for potential future expansions of the heap leach facility.
The updated Ore Reserve Estimate is a critical step in advancing the BKM Stage 1 heap leach project, which Asiamet views as a launchpad for further exploration and development within the BKM mineral district and the broader KSK Contract of Work area.
The full details of the updated Ore Reserve Estimate can be found on Asiamet’s website, and the information has been independently verified by Mr. John Wyche, a Fellow of the Australasian Institute of Mining and Metallurgy with 35 years of relevant experience.
This announcement is based on a press release statement from Asiamet Resources Limited.
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