Asiamet receives approvals for BKM copper project in Indonesia

7 March 2019 (Last Updated March 7th, 2019 12:04)

Asiamet Resources has received two key approvals from the Indonesian Government for its wholly-owned Beruang Kanan Main (BKM) copper project located in Central Kalimantan.

Asiamet receives approvals for BKM copper project in Indonesia
Work at the BKM mine site. Credit: Asiamet

Asiamet Resources has received two key approvals from the Indonesian Government for its wholly-owned Beruang Kanan Main (BKM) copper project located in Central Kalimantan.

The government has formally approved Asiamet’s feasibility study (FS) to meet Indonesian regulatory standards, and the company’s Environmental Impact Assessment. The state also approved Asiamet’s AMDAL, an environmental and social impact assessment.

According to the company, the approvals substantially minimise the risks associated with the development of the BKM copper project.

Asiamet Resources CEO Peter Bird said: “The approval of the [government’s] FS is a major milestone for the company that has been completed on schedule. Attached to this was the parallel approval of the AMDAL which has been completed well ahead of schedule.

“These milestones set us up well for the production permits for the project, which we would anticipate receiving in late 2019 to early 2020 as per our original planning.

“Operationally the infill Resource definition drilling and geotechnical drilling is now complete (a total of 5,665m were drilled, with 37 holes allocated to resource evaluation and four holes to geotechnical drilling).”

“These milestones set us up well for the production permits for the project, which we would anticipate receiving in late 2019 to early 2020.”

The company will progressively feed the information collected from the study work streams into the BKM feasibility study work streams.

In December last year, Asiamet announced plans for the 4,500m resource infill and geotechnical drilling programme to improve the BKM project.

The study program was aimed at optimising the mine design and improving the overall economics of the bankable feasibility study for the project.