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Asiamet Resources ( (GB:ARS) ) has provided an announcement.
Asiamet Resources Limited has updated its Ore Reserve Estimate for the BKM Stage 1 Copper Project in Central Kalimantan, Indonesia. The update, which supports the upcoming 2025 Optimised Feasibility Study, includes a total ore reserve of 28.3 million tonnes at 0.7% copper, with a low strip ratio of 0.8:1. This development is part of a strategic decision to redesign the heap leach facility, reducing upfront construction costs and preserving future expansion opportunities, thus marking significant progress in the project’s development.
More about Asiamet Resources
Asiamet Resources Limited is a mining company focused on the exploration and development of copper projects in Indonesia. Their primary project is the BKM Copper Project, located in Central Kalimantan, which involves open-pit mining and processing through heap-leach and solvent extraction/electro-winning methods.
YTD Price Performance: 21.79%
Average Trading Volume: 2,275,841
Technical Sentiment Signal: Sell
Current Market Cap: £28.28M
For an in-depth examination of ARS stock, go to TipRanks’ Stock Analysis page.