RNS -all going to plan- which means25 Jan 2019 07:19
more updates, "soon".....
Peter Bird, Asiamet's Chief Executive Officer commented:
"Following on from previous announcements, Asiamet is pleased to report that the limited programme of additional drilling required to enhance geological and geotechnical inputs into the BKM BFS open pit mine design is well advanced and initial results have been positive and in line with expectations.
Five drill rigs are now operational both within and around the perimeter of the proposed open pit shell and all drilling is anticipated to be completed in Q1 as planned.
This limited programme of infill drilling, data assessment and rework of the mine design aims to upgrade and capture additional Inferred Resource currently sitting both inside and on the edges of the current pit shells for assessment and incorporation into the mine plan.
A successful outcome from this work is expected to significantly enhance project economics and the robustness of the BKM BFS ahead of project financing.
With operational work continuing apace we expect to be consistently reporting further results as they come to hand over the coming weeks leading into completion of the BFS. In addition to the ongoing technical programme, various work streams relating to the Environmental Impact Assessment ("AMDAL") for BKM and forestry use permits are also being progressed along with due diligence investigations and commercial discussions with potential partners on both our main projects.