REG - Asiamet Resources Ld - Limestone Resource Drilling at BKM Copper Project

Asiamet ResourcesAnnouncement

15/08/2025 07:00

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RNS Number : 4265V  Asiamet Resources Limited  15 August 2025

15 August 2025

Asiamet Resources Limited

("Asiamet" or the "Company")

 

Limestone Resource Drilling Commences at BKM Copper Project

 

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

 

Securing a local limestone source for use in BKM's process plant
neutralisation circuit is a key enabler of the project's low operating cost
base, eliminating the need to import lime from elsewhere in Indonesia at
significantly higher cost.

 

The limestone resource drilling programme is being executed by the Kalimantan
Surya Kencana ("KSK") operations team, which has previously completed
significant drill campaigns in the area. The first phase comprises
approximately 600-700 metres of drilling in one location. A second location is
currently being assessed as part of a planned second phase aimed at defining
additional limestone resource.

 

Figures: Limestone drill core and exploration rig established

 

Darryn McClelland, CEO of Asiamet, commented:

 

"It is pleasing to recommence on-ground activity in support of the BKM project
with the limestone resource definition programme a key step in delivering a
low-cost operation. Our KSK operational team has done an excellent job
establishing the improved access road, temporary support facilities, access
paths and drill pads to support the drilling programme.

 

The first drill hole testing for undercover extensions to a substantial
limestone outcrop is now complete having intersected good thicknesses of
limestone as predicted.

 

Given the very significant operating cost benefit of sourcing limestone
locally within the Company's KSK Contract of Work, verifying the extensive
surface assessment work completed over the last 12 months is particularly
satisfying.

 

Executing this programme and the appointment of the BKM Project Director
represent important milestones as we advance financing of the BKM Project. I
look forward to providing further updates as the momentum to deliver BKM
continues to build."

 

 

**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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