Asiamet Resources (ARS) has completed all the major engineering and technical studies necessary to deliver the optimised definitive feasibility study for the company's flagship BKM copper project in Kalimantan, Indonesia.
At the recommendation of the prospective lenders, the company is currently finalising supplementary analysis on power supply to ensure alignment with lender financing criteria.
This final piece of analysis is expected to be delivered shortly and marks the last significant component of the DFS.
The re-engineering of BKM set out to create a streamlined, lower capital cost project with significantly reduced construction complexity and associated risks.
Meanwhile, the potential lenders have remained very engaged.
Upon completion of the additional power supply analysis, expected soon, the company anticipates providing shareholders with a confirmed date for publication of the DFS.
"We have reached the final stage of a detailed project optimisation process, incorporating direct feedback from prospective lenders to deliver a lower-risk, economically compelling project,” said Asiamet’s chief executive Darryn McClelland.
“The additional work on power supply is the final input required to complete the DFS. The company is pleased with the high level of engagement from prospective lenders interested in financing the project. The extensive engineering and optimisation work delivers a robust and construction-ready project into a market hungry for new, strategically positioned copper supply.”
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Asiamet will provide a further announcement shortly confirming the release date of the full optimised definitive feasibility study. That will be a key moment in the development of this project, as it will give shareholders and lenders alike a meaningful insight into the economic parameters of BKM. With the copper price on the move, it’s likely to generate significant interest.