Help Desk -
9717405332, 9599714297, 9810335381
Email
Password

BKM Feasibility Study Confirms Robust Copper Project In Indonesia

Mining News - Published on Tue, 18 Jun 2019

Image Source: Tubular
BKM announced the results of the Feasibility Study for its 100% owned BKM Project located in Central Kalimantan, Indonesia. A detailed and comprehensive study on developing the BKM copper deposit using open pit mining and a solvent extraction-electrowinning Copper Heap Leach processing has been completed using a highly experienced team of consultants and advisors working with inhouse personnel. Delivery of the Feasibility Study now paves the way for the Company to enter detailed discussions with potential partners and financial institutions who have expressed an interest in working with Asiamet to develop the BKM project.

A summary of the highlights of the Feasibility Study are detailed below and the Executive Summary of the Feasibility Study is separately available on the Company’s website at www.asiametersouces.com

Highlights of the BKM Feasibility Study:

Initial 9 year mine life producing up to 25,000 tonnes of copper cathode per annum

Total Proved and Probable Ore Reserves1of 51.5 million tonne @ 0.6% Cu for 303kt of contained copper and 0.39% total soluble Cu for 206k tonne of contained soluble copper

Total Measured, Indicated and Inferred Resources 2,3 of 69.6 million tonne @ 0.6% Cu for 451.9k tonne of contained copper

Life of Mine Revenue of USD 1.27 billion and EBITDA of USD 563.3 million

Initial capital expenditure USD 192.0 million

Post Tax NPV8 of USD 133.5 million, 19.5% IRR excluding closure costs

C1 cash cost of USD 1.65 per lb and AISC of USD 1.78 per lb

Additional value enhancement opportunities identified with potential to improve valuation by a minimum of USD 35 million on a risked weighted basis excluding exploration upside

Defined exploration targets close to the proposed BKM mine have potential to expand the current mineral inventory and substantially impact the value of the BKM project through mine life extension beyond 2030. Evaluation of these targets will be a priority for the next phase of work.

Source :

Posted By : Sanju Moirangthem on Tue, 18 Jun 2019
Related News from Mining segment