Asiamet Resources (ARS) has completed the supplementary power supply study for stage one of its BKM copper project in Indonesia.
This represents the last major technical input required for the optimised feasibility study, which is now undergoing internal review ahead of publication.
Competitive proposals were received from multiple power plant equipment suppliers, providing robust operating cost assumptions tailored to the size and scale of BKM.
Various configurations were considered, providing flexibility and confidence in the selection of the preferred approach.
BKM Stage 1 has been designed as a lower-capex project focused on near-surface, higher soluble copper material. The project targets annual copper cathode production of around 10,000 tonnes, with substantial upside potential from the broader KSK Contract of Work.
All operating costs for the financial model for BKM are now complete. Engineering, cost, and technical studies are also now complete, presenting a de-risked and execution-ready copper project aligned with lender criteria.
Meanwhile, active engagement continues with multiple prospective financing partners.
"Completion of the power study represents the final technical building block for BKM Stage 1,” said Darryn McClelland, chief executive of Asiamet.
“It reflects the benefit of early lender engagement, ensuring that our study aligns with the expectations of our financing partners and positioning us to move quickly into financing. What we are delivering in BKM Stage 1 is a de-risked, construction-ready project targeting approximately 10,000 tonnes per year of copper cathode - a strategically positioned, scalable supply source of copper into Asia's rapidly growing copper demand centres.”
View from Vox
As expected, 2025 is shaping up to be a big year for Asiamet. The completion of the optimised feasibility study, followed by financing will be transformative. We’ll have to wait for details of the study to see just how profitable BKM will be, but the early signs are good. And the ongoing input of potential lenders is a highly encouraging sign.