Asiamet Resources has assembled an experienced team to deliver the preliminary economic assessment (PEA) for the Beruang Kanan Main (BKM) copper deposit in Kalimantan, Indonesia. Asiamet has confirmed that the study will be delivered by the end of the current quarter.
The compilers of this independent assessment of the economics and costs involved all have experience of working in the country.
It has hired Hackman Associates to assess the resource, Orelogy to look at mine engineering and provide the costings and analysis of returns and Miller Metallurgical Services to assess the potential of the ore and process methods required.
Asiamet CEO Tony Manini says the PEA is one of the company’s most important landmarks to date. “Asiamet has assembled a very experienced group of consultants to cover the key areas of study required for the BKM PEA.
“All have previous exposure to Indonesian operating conditions and the availability of local content, services and labour. We are now well under way on some of the longer lead items of the studies and the momentum of activities is accelerating.”
Asiamet, formerly Kalimantan Gold, wants to develop an open pit operation, which analysts estimate to have the potential to generate 20,000 tonnes of copper by siting a solvent extraction and electro-winning plant nearby. BKM is estimated to be host to 887 million pounds, or 402,000 tonnes, of copper.
Asiamet Resources is a junior company focused 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.