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JAKARTA - Asiamet Resources Limited (AIM:ARS) has started limestone resource drilling at the Rinjen prospect, located approximately 12km north of its BKM Copper heap leach project in Central Kalimantan, Indonesia, according to a press release issued Thursday.
The drilling program aims to secure a local limestone source for the BKM project’s process plant neutralization circuit, which the company states would eliminate the need to import lime from elsewhere in Indonesia at higher costs.
The first phase of drilling comprises approximately 600-700 meters in one location, with a second location being assessed for a planned second phase. The work is being executed by the Kalimantan Surya Kencana operations team, which has previously completed drill campaigns in the area.
The company reported that the first drill hole, which was testing for undercover extensions to a limestone outcrop, has been completed and intersected "good thicknesses of limestone as predicted."
Darryn McClelland, CEO of Asiamet, called the limestone resource definition program "a key step in delivering a low-cost operation" and noted that the KSK operational team has established improved access roads, temporary support facilities, and drill pads to support the drilling program.
The company stated that this program, along with the appointment of a BKM Project Director, represents important milestones as it advances financing of the BKM Copper Project.
Asiamet Resources is listed on the AIM market of the London Stock Exchange.
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