REG - Asiamet Resources Ld - BKM Copper Project Limestone Drilling Update

Asiamet ResourcesAnnouncement

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RNS Number : 3050Z  Asiamet Resources Limited  15 September 2025

15 September 2025

Asiamet Resources Limited

("Asiamet" or the "Company")

 

BKM Copper Project Limestone Resource Drilling Update

 

Asiamet Resources Limited (AIM: ARS) is pleased to update on its limestone
resource drilling programme at the Rinjen prospect, approximately 12km north
of Asiamet's flagship BKM Copper heap leach project in Central Kalimantan,
Indonesia.

 

Highlights:

 

·      Limestone drilling programme 50% complete: all holes intersecting
limestone at target depth

·      Early assays confirm very high-quality limestone (+95% purity)

·      Securing a locally sourced limestone is a critical enabler for
BKM, avoiding significant import costs and underpinning a low operating cost
base

 

Asiamet's limestone resource drilling programme, being undertaken by the
Company's in-house operations team is now 50% complete with 6 holes of the
12-hole programme finished in the initial resource area. All drillholes have
intersected the limestone structure at varying depths and all holes have ended
in limestone at our current target depth of 50m. Based on current progress,
the programme is expected to complete by mid-October.

 

Assay results have been received for the first two holes and confirm the very
high quality of the limestone source, with results exceeding 54% Calcium Oxide
(CaO) as measured by XRF. This equates to a limestone quality exceeding 95%.
 

 

Figure: Typical Limestone drill core

 

Darryn McClelland, CEO of Asiamet, commented:

 

"The KSK operational team is executing our limestone resource definition
programme to plan, and we are pleased with the results to date showing
continuation of the limestone from surface outcrop to depth and extending the
dimensions of the deposit. The high quality of the limestone is especially
pleasing as this typically translates into lower consumption of limestone in
processing.

 

I look forward to providing further updates on this programme at the
conclusion of drilling, together with a full interpretation of the results.
Importantly, this work forms part of a wider package of optimisation
initiatives, including soluble copper recovery improvement and a revised power
solution, both of which will also be reported on soon. These enhancements are
being incorporated into the BKM economic model supporting the ongoing
strategic investor process which is progressing to plan."

 

**ENDS**

 

ON BEHALF OF THE BOARD OF DIRECTORS

Darryn McClelland, Chief Executive Officer

 

For further information, please contact:

Darryn McClelland
Chief Executive Officer, Asiamet Resources Limited

Email: darryn.mcclelland@asiametresources.com
(mailto:darryn.mcclelland@asiametresources.com)

 

Tony Manini
Chairman, Asiamet Resources Limited

Email: tony.manini@asiametresources.com
(mailto:tony.manini@asiametresources.com)

 

Investor Enquiries

Sasha Sethi

Telephone: +44 7891 677 441

Email: sasha.sethi@asiametresources.com

Nominated Adviser
Strand Hanson Limited

James Spinney / James Dance / Rob Patrick

Telephone: +44 20 7409 3494

Email: asiamet@strandhanson.co.uk (mailto:asiamet@strandhanson.co.uk)

 

Broker

Shore Capital
Toby Gibbs / George Payne

Telephone: +44 20 7408 4050

 

Follow us on twitter @AsiametTweets

 

FORWARD-LOOKING STATEMENT

This announcement contains forward-looking statements that are based on the
Company's current expectations and estimates. Forward-looking statements are
frequently characterised by words such as "plan", "expect", "project",
"intend", "believe", "anticipate", "estimate", "suggest", "indicate" and other
similar words or statements that certain events or conditions "may" or "will"
occur. Such forward-looking statements involve known and unknown risks,
uncertainties and other factors that could cause actual events or results to
differ materially from estimated or anticipated events or results implied or
expressed in such forward-looking statements.   Such factors include, among
others: the actual results of current exploration activities; conclusions of
economic evaluations; changes in project parameters as plans continue to be
refined; possible variations in ore grade or recovery rates; accidents, labour
disputes and other risks of the mining industry; delays in obtaining
governmental approvals or financing; and fluctuations in metal prices.  There
may be other factors that cause actions, events or results not to be as
anticipated, estimated or intended.  Any forward-looking statement speaks
only as of the date on which it is made and, except as may be required by
applicable securities laws, the Company disclaims any intent or obligation to
update any forward-looking statement, whether as a result of new information,
future events or results or otherwise. Forward-looking statements are not
guarantees of future performance and accordingly undue reliance should not be
put on such statements due to the inherent uncertainty therein.

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