Home / Directory / List News / Detail News

Asiamet receives independent technical report on BKM project

www.proactiveinvestors.co.uk

Wed 01 Nov 2023, 09:00 AM

Share

Events

Asiamet Resources Ltd (AIM:ARS, OTC:KMGLF) said it has received the independent technical expert’s (ITE) report about the BKM copper project in Central Kalimantan and is preparing to talk to Indonesian banks about funding.

A final version of the report is already with the lead bank of the lending consortium, Asiamet added, with a target for initial approval for funding to be received by the end of this year.

Darryn McClelland, chief executive, said: "Our primary message in this latest update centres on the completion and delivery of the ITE technical due diligence report, a crucial step in the debt finance process.

“As debt financings of this nature are generally supported by a syndicate of banks, we will shortly commence engaging with senior Indonesian banks most likely to join the BKM project debt finance consortium.

“In addition to the copper offtake term sheet, we have received further interest from additional groups expressing a desire to secure BKM's future copper cathode units and are advancing due diligence processes with these parties.“

Asiamet added it is also starting work on the possibility of BKM being a source of pyrite to produce sulphuric acid for nickel miners in Indonesia.

Separately, Asiamet said that Peter Chambers had been appointed as an non-executive director to replace Peter Pollard, who is retiring.

Image source: www.proactiveinvestors.co.uk

Source: www.proactiveinvestors.co.uk/Asiamet Receives Independent Technical Report On BKM Project


Advertisement

Relate News

News
02 Feb 2024, 08:00 AM

Merdeka Battery provides USD 100m loan to subsidiary

Bisnis.com
3433 Views
News
05 Dec 2023, 08:00 AM

Nickel Industries unveils emissions target at global summit – net zero by 2050

ANTARA/Sugiharto Purnama
3316 Views
News
19 Feb 2025, 16:42 PM

Energy Minister Bahlil Seeks Danantara Funds for Downstream Industry Development

BPMI
702 Views
News
10 May 2022, 09:12 AM

Far East Gold begins revised scoping study for Wonogiri copper-gold project

www.smallcaps.com.au
4231 Views
Hello! We would like to talk to you.Please fill the details below to start chatting with us.