Asiamet Resources Limited (AIM:ARS) is a dynamic junior company focussed on the exploration and development of its portfolio of large copper-gold deposits on the Indonesian islands of Kalimantan and Sumatra, adjacent to the key growth markets in Asia. Both deposits contain NI-43-101 compliant Mineral Resources and remain open in several directions.
At the Company's Beruang Kanan Main ("BKM') deposit in Kalimantan a near term copper mine development opportunity is being advanced through Resource evaluation and mining development studies. A preliminary economic assessment ("PEA") evaluating the potential for developing a medium scale SX-EW copper operation at BKM was recently completed. The Beutong porphyry copper-gold-molybdenum deposit is very well located with respect to nearby infrastructure and provides Asiamet with a large copper-gold growth option in the medium term. Reconnaissance exploration has also highlighted potential for the discovery of additional copper, gold and polymetallic base metal deposits on the Company's KSK CoW, Beutong and Jelai properties.
In East Kalimantan, the Jelai gold prospect has the potential to yield a high grade epithermal gold deposit. Licences covering both the Beutong and Jelai projects are currently being converted from exploration to exploitation licences with long term (+25 year) tenure.