Asiamet Resources commences extra drilling work at Indonesia prospect
Source - SMW
Asiamet Resources said it had kicked off additional drilling and geotechnical work as part of finalising feasibility studies at its Beruang Kanan Main copper project in central Kalimantan, Indonesia.
The company also said it had re-commenced exploration activities on its portfolio of prospects in the vicinity of the mine.
The current resource at the mine was 432k tonnes of copper, with around 75% in the measured and indicated category.
A heap leach project with targeted production levels of up to 25k tonnes of LME-grade copper cathode per annum over a period of up to eight years was the subject of the current bankable feasibility study.
'Following a thorough review of the study work undertaken to date we are clearly of the view that this additional piece of work should significantly enhance the outcomes of the bankable feasibility study when complete,' chief executive Peter Bird said.
At 1:46pm: (LON:ARS) Asiamet Resources Limited share price was -0.05p at 5.55p