Register
Login:
Share:
Email Facebook Twitter

VIDEO EXCLUSIVE: Coinsilium & Kryptonite1 - the only-UK listed Blockchain and Token Economy CEO's explain how to spread your risk. Watch here

EXCLUSIVE: Video presentations from MySQUAR, My Pay, Consilium and Kryptonite1 are now available here


ShareCast News


Asiamet makes 'excellent progress' on feasibility study

Fri, 6th Oct 2017 13:41


(ShareCast News) - AIM-listed copper and gold exploration junior Asiamet Resources said on Friday that it had continued to make "excellent progress" on its feasibility study at Beruang Kanan Main (BKM) in Indonesia.

Asiamet said that since its last successful round of fundraising mining and metallurgical engineering activity had advanced through design and analytical work thanks to the updated BKM resource information.

Metallurgical test-work had seen significant progress through the column leaching phase and complementary laboratory work, including physical leach pad modelling, had been initiated.

The Indonesian focussed group said it had shortlisted several service providers to cover the process engineering, power supply, and water management components of the bankable feasibility study (BFS) and were evaluating them at the time.

Peter Bird, Asiamet's chief executive officer said, "The Bankable Feasibility Study is very focused on fine-tuning the outcomes of the preliminary economic assessment. We are really pleased with the positive results generated from the early phase engineering and design studies, coupled with the excellent results from our exploration and metallurgical test-work programs. Work to date reaffirms the potential for developing a high-quality copper mine at BKM. The detailed engineering and design is a large package of work which will significantly advance the progress and robustness of the BKM BFS and we look forward to progressively reporting results as they become available."

As of 1345 BST, shares had ticked up 1.14% to 5.31p.





Back to ShareCast News


Share Price, Share Chat, Stock Market news at lse.co.uk
FREE Member Services
- Setup a personalised Watchlist and Virtual Portfolio.
- Gain access to LIVE real-time Regulatory News (RNS).
- View more Trades, Directors' Deals, and Broker Ratings.
Share Price, Share Chat, Stock Market news at lse.co.uk




Datafeed and UK data supplied by NBTrader and Digital Look. While London South East do their best to maintain the high quality of the information displayed on this site,
we cannot be held responsible for any loss due to incorrect information found here. All information is provided free of charge, 'as-is', and you use it at your own risk.
The contents of all 'Chat' messages should not be construed as advice and represent the opinions of the authors, not those of London South East Limited, or its affiliates.
London South East does not authorise or approve this content, and reserves the right to remove items at its discretion.