Asiamet is an advanced copper, base and precious metal exploration company with an economic interest in two Indonesian license areas.
Its most advanced asset is the proposed 25ktpa BKM SX-EW copper mine, for which it expects to complete a BFS in Q2’18. Its largest asset is the Beutong copper-gold porphyry deposit with 3.1mt of contained Cu equivalent metal at 0.6% Cu equivalent. The Beutong IUP covers two porphyry copper-gold-molybdenum prospects has excellent infrastructure with major roads, grid power and is in close proximity to a local port. The Company has an option to earn up to an 80% interest in the Beutong Project pursuant to the terms of an existing option agreement.The BKM Project is a shallow dipping near surface deposit. Results of the PEA study demonstrate excellent 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. The results from the PEA delivered an after-tax NPV of $US204.3M, an after tax IRR of 38.7% with a payback period of 2.4 years over an 8 year mine life. Other key assets include the BKZ and Baroi polymetallic discoveries.