Positive outcome29 Jun 2022 09:24
The news release is very positive in my eyes….
“ Ronald Sutardja, President Director (DOID) commented:
“We are pleased with the outcome of the extensive due diligence process and the report from the ITE providing a clear pathway to project financing for the BKM copper project. As the largest shareholder of Asiamet we look forward to working closely with the Company to support the development of the strategically important BKM copper project.”
Tony Manini, Asiamet Executive Chairman commented:
“Having now completed extensive diligence on the BKM copper project with DOID, Asiamet is in a strong position heading into project financing. This extended diligence process has also allowed us to incorporate the recommendations of the proposed ITE into the feasibility update currently being undertaken by NewPro and hence fast track a key component of the financing process. We maintain a strong working relationship
1
with DOID in respect of the key inputs into the feasibility study, project financing and development strategy for BKM. As our largest shareholder DOID is fully aligned with the Company’s objectives for developing the BKM copper project in the fastest timeframe possible, and we are currently in discussions to achieve those outcomes. The Company remains well funded to complete this work.”