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Asiamet Resources Ltd - focused on the development of copper-gold deposits on the Indonesian islands - Reports results from metallurgical test work undertaken as part of value enhancement initiatives for the BKM copper project located in central Kalimantan, Indonesia. Asiamet says results from the work completed to date are "highly promising" and indicate potential benefits from a concentrate tank leach process flowsheet verses heap leach processing as per the 2019 feasibility study. Asiamet specified that use of a concentrate tank leach process has potential to increase total copper recoveries by up to 40% on a relative basis and maintain copper production at full capacity of 25,000 tonnes per annum for a full eight years.
Current stock price: 2.44 pence, up 0.6% on Monday
Year-to-date change: down 55%
By Evelina Grecenko; evelinagrecenko@alliancenews.com
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