Drilling at BKM Copper project in Indonesia returns high-grade copper results

Asiamet has announced the discovery of high-grade copper from eight of nine holes at the BKM Copper Project in Indonesia.

Asiamet said the targeted areas included the southern area of the mine, with drill hole BKM32230-01 returning exceptional results, having intersected a broad intersection of strongly silicified volcanic rock and chalcocite.

Peter Bird, Asiamet's Chief Executive Officer commented: "These strong metallurgical drill results validate our previous Resource definition work and hence provide strong encouragement from a future mine planning and execution perspective. For the first three to four years of operation at BKM it is critical to ensure a strong production and cash flow profile for the proposed mining operation.

"This final phase of metallurgical test work builds upon the results of the previous test work currently being finalised and specifically targets the highest grade, highest solubility and likely highest recovery mineralisation from the BK44 and BK58 zones. The potential to mine and schedule this material early in the mine life is expected to strongly impact project economics and enhance cash flows during the early years of capital payback. The Feasibility Study work continues to advance very well and we look forward to reporting the column leach programme results as they are finalised."