REG - Asiamet Resources Ld - BKM Optimised Feasibility Study Near Completion

Asiamet ResourcesAnnouncement

28/03/2025 07:15

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RNS Number : 6644C  Asiamet Resources Limited  28 March 2025

28 March 2025

Asiamet Resources Limited

("Asiamet", "ARS" or the "Company")

 

BKM Optimised Feasibility Study Near Completion

 

Asiamet Resources Limited (AIM: ARS) is pleased to advise shareholders that
all major engineering and technical studies necessary to deliver the optimised
Definitive Feasibility Study ("DFS") for the Company's flagship BKM Copper
Project, located in Central Kalimantan, Indonesia are complete.

 

At the recommendation of the prospective lenders, the Company is currently
finalising supplementary analysis on power supply to ensure alignment with
lender financing criteria. This final piece of analysis is expected to be
delivered shortly and marks the last significant component of the DFS.

Key Highlights:

·     Engineering Completed: All major engineering and project definition
work is now complete, significantly reducing overall project risk and
substantially enhancing execution certainty.

·    Streamlined Project Design: Comprehensive re-engineering of BKM has
created a streamlined, lower capital cost project with significantly reduced
construction complexity and associated risks.

·     Strong Lender Engagement: Active and ongoing engagement with
multiple lending institutions highlights solid interest for financing the
optimised BKM project package.

·    Power Supply: Supplementary work on power supply suggested by
prospective lenders is nearing completion.

·    Permits: exploration permit and annual work plan approved for
limestone resource drill programme to provide local lime source for
neutralisation in copper process plant and water treatment.

·   Value-Upside Potential: Delivering the BKM optimised DFS and project
financing substantially de-risks project development. BKM is the key to
unlocking the substantial intrinsic value within the highly prospective KSK
Contract of Work (CoW).

Upon completion of the additional power supply analysis, the Company
anticipates providing shareholders with a confirmed date for publication of
the DFS.

 

CEO, Darryn McClelland, commented:

 

"We have reached the final stage of a detailed project optimisation process,
incorporating direct feedback from prospective lenders to deliver a
lower-risk, economically compelling project. The additional work on power
supply is the final input required to complete the DFS. The Company is pleased
with the high level of engagement from prospective lenders interested in
financing the project.

 

The extensive engineering and optimisation work delivers a robust and
construction-ready project into a market hungry for new, strategically
positioned copper supply.

 

We look forward to publishing the optimised BFS shortly and promptly advancing
into the formal financing phase. With this pivotal milestone imminent, Asiamet
is well positioned to unlock substantial shareholder value from our flagship
BKM Project and broader growth potential within the KSK Contract of Work."

 

The Company will provide a further announcement shortly confirming the release
date of the full optimised Definitive Feasibility Study.

 

Investor Engagement:

The Company will host an upcoming Investor Meet Company presentation to
provide shareholders with further insights into the updated project economics
and the next steps towards financing and development. Investors can sign up to
receive notifications about this event via the following link:

 

 ASIAMET RESOURCES LIMITED
 (https://www.investormeetcompany.com/companies/asiamet-resources-limited)

investormeetcompany.com
 (https://www.investormeetcompany.com/companies/asiamet-resources-limited)

 

 

ON BEHALF OF THE BOARD OF DIRECTORS

Darryn McClelland, Chief Executive Officer

 

-Ends-

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 (0) 7891 677 441

Email: Sasha@flowcomms.com (mailto:Sasha@flowcomms.com) /
info@asiametresources.com

Nominated & Financial 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

Optiva Securities Limited
Christian Dennis

Telephone: +44 20 3137 1903

Email: Christian.Dennis@optivasecurities.com
(mailto:Christian.Dennis@optivasecurities.com)

 

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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