Asiamet’s ‘flagship’ project BKM Copper Project sits within the eastern area of the Kalimantan Surya Kencana (‘KSK’) Contract of Work (“CoW”).  The KSK CoW is located northwest of Palangkaraya, the regional capital of Central Kalimantan.





The Company has full ownership of the KSK Project which includes the BKM deposit. The BKM starter project is currently in Full Feasibility stage

PEA completed demonstrates robust economics

  • After Tax NPV10: US$204m, After Tax IRR of 39%

  • 25ktpa copper cathode production over initial 8 years with immediate expansion potential

  • 431.9 kt contained copper resource

  • NI 43-101 compliant (effective 27/06/17)

Total of 50,000m drilling at BKM areas; infill drilling phase completed in April 2017 showing excellent results

Financing discussions commenced 

Asiamet completed a Preliminary Economic Assessment (“PEA") for BKM in 2016 with the aim of developing an open pit mine, heap leach and solvent extraction electro-winning facility ("SX-EW") to produce Grade A (99.999%) copper cathode from near surface copper resources reported in the 2015 BKM Resource estimate (ARS RNS October 21, 2015).

Results of the PEA study demonstrated potential for developing a robust, low strip ratio, low capital intensity copper project with low operating costs, strong cash flow generation capacity and significant upside potential through further resource growth.


Low Strip Ratio – Heap-Leach SX-EW Mine 


During 2016 and 2017, the Company embarked on an infill and expansion drilling programme as part of the BKM Feasibility Study, comprising a total of 122 holes for 12,480 metres of diamond core drilling.  The thickness, continuity and grade of copper mineralisation was proven to be very robust, resulting in a 207% increase in the higher confidence level Measured and Indicated Resources and approximately 30,000 tonnes of copper added to the overall copper inventory in a resource update in June 2017.  Most importantly, 75% of the contained copper is now in high confidence Resources and 73% sits inside the PEA pit design. As such the conversion rate to Mineral Reserves is anticipated to be high when mining and metallurgical studies are completed in coming months. 

The BKM mineralisation remains open in several areas and exploration in the wider BK District remains in its infancy.  Geologic observations during field mapping and geochemical data from drill core and/or surface rock chip samples at BKS and BKW prospects indicate near surface and similar style copper mineralisation to BKM, highlighting the potential for the discovery of additional copper mineralisation tadjacent to the BKM Copper Project.


Highly Attractive Economics