Asiamet Resources Ltd (AIM:ARS, OTC:KMGLF) has taken significant steps forward in the development of the BKM copper project by securing early partnerships with its preferred project execution partners.
The appointments of PT Rexline Engineering Indonesia and Beijing Research Institute of Mining and Metallurgy (BGRIMM) are aimed at optimizing project integration and ensuring accuracy in cost estimation.
Chief executive Darryn McClelland said the company's approach to project execution for BKM has "evolved" by taking into consideration the feedback from the independent technical expert (ITE) and the 2023 feasibility study.
PT Rexline will work on the comprehensive engineering design of materials handling and non-process related infrastructure, providing cost estimation for all construction execution excluding scope related to project bulk earthworks and mine operations.
BGRIMM has been engaged to deliver engineering for solvent extraction, electrowinning, water treatment (SX-EW), and reagent preparation process infrastructure, with the collaboration aiming to build on the past successful partnership in the feasibility study update.
Optimization efforts for BKM include the proposed improvement of the heap leach facility location and detailed modeling of a new facility layout.
McClelland said, "Effective project execution in the mining industry remains a priority focus, and it is essential that we advance the BKM project in a manner that optimizes management of risk for all stakeholders.
"Involving EPC partners early significantly reduces project execution risk and aligns with key requirements outlined in the ITE feedback during the debt financing process."
He said that the news on the project earthworks contractor engagement will be provided in due course.
"The positive trajectory of copper prices and growing market optimism regarding copper's supply/demand dynamics underscore the strategic significance and inherent value of our assets.
"Our advanced projects and high-quality JORC-compliant copper resources at both projects are attracting significant inbound interest, and with the mobilization of execution partners, the BKM copper cathode project takes a further step towards financing and production.
"Shareholders should expect further updates as our efforts intensify."
Image source: Asiamet Resources
Source: https://www.proactiveinvestors.co.uk/companies/news/1044221/asiamet-resources-appoints-engineering-partners-for-bkm-1044221.html
