Proactiveinvestors RSS feed en Fri, 22 Jun 2018 01:14:10 -0400 Genera CMS (Proactiveinvestors) (Proactiveinvestors) <![CDATA[News - Asiamet Resources reveals high grade drill results from Beutong project ]]> Asiamet Resources Ltd (LON:ARS) told investors the latest results from drilling at the group’s 40%-owned Beutong project in Indonesia.

Drill hole BEU0900-08 encountered high-grade copper gold mineralisation near surface and the mineralisation, which also includes molybdenum, continues into the full drilled interval through to the end of the hole.

WATCH: Asiamet Resources announces maiden resource for BKZ deposit

The hole was drilled in the Beutong East Porphyry or BEP deposit, cut 456 metres of mineralisation and the drilling was curtailed as a result of rig capacity constraints.

Asiamet highlighted that the mineralisation exists beyond the boundaries of the current resource envelope and it remains open (the final 2.3 metres measured 1.14% copper).

The company also said that there’s still potential for Beutong Resource expansion. Meanwhile, further drilling will aim to expand the boundaries of the mineralisation at the BEP and the Beutong West Porphyry (BWP).

"Results received from the current round of drilling at Beutong East demonstrate both the robustness of the central mineralised core and the substantial Resource upside potential that remains to be delineated,” said Peter Bird, Asiamet chief executive.

“Mineralisation has already been extended well beyond the 2013 resource envelope with exceptional continuity …  Beutong's large copper-gold Resource base, when coupled together with nearby infrastructure (road, power and seaport) and the potential to assess a copper leaching process, as demonstrated by the initial sequential copper assaying results, positions the project as an increasingly rare copper development opportunity.”

He added: “This is at a time when the copper market is forecast to be moving into a substantial supply deficit and a stronger copper price environment. 

“Asiamet looks forward to keeping all stakeholders updated as the drilling and metallurgical test work programs continue over the coming 4 to 5 months."

Thu, 14 Jun 2018 11:02:00 -0400
<![CDATA[RNS press release - Intersects 456m of Cu mineralisation at Beutong ]]> Thu, 14 Jun 2018 05:21:45 -0400 <![CDATA[RNS press release - Exercise of Options ]]> Wed, 06 Jun 2018 07:00:09 -0400 <![CDATA[RNS press release - Director Appointment ]]> Fri, 01 Jun 2018 06:45:01 -0400 <![CDATA[RNS press release - Notice of Annual General Meeting ]]> Fri, 25 May 2018 12:00:02 -0400 <![CDATA[RNS press release - Director Changes ]]> Thu, 24 May 2018 03:00:01 -0400 <![CDATA[Media files - Asiamet Resources announces maiden resource for BKZ deposit ]]> Wed, 16 May 2018 12:44:00 -0400 <![CDATA[News - Asiamet unveils maiden mineral resource estimate for the BKZ deposit ]]> Asiamet Resources Ltd (LON:ARS) has published a maiden mineral resource estimate for the BKZ polymetallic deposit in Kalimantan, Indonesia.

The initial Mineral Resource Estimate for BKZ is subdivided into the BKZ upper polymetallic zone (BKZ-UPZ) and the BKZ lower copper zone (BKZ-LCZ).

WATCH: Asiamet Resources announces maiden resource for BKZ deposit

The BKZ-UPM displays semi-massive to structurally controlled volcanogenic massive sulphide-style lead, zinc, silver and gold mineralisation occurring in a high-grade domain and disseminated style mineralisation in the low-grade domain.

The controls on, and styles of, mineralisation have resulted in significantly different tenors of grade between these domains and hence they are reported separately in the 2018 resource estimate, Asiamet said.

The BKZ-LCZ comprises a quartz-sulphide stock-work zone hosting chalcopyrite and bornite copper mineralisation.

#ARS Asiamet Res Ltd - Initial Mineral Resource Estimate for BKZ Deposit and Further Exploration plans for KSK

— Asiamet Resources (@AsiaMet_Res_ARS) May 16, 2018 The BKZ-UPM zone inferred mineral resource comprises:

High Grade Domain - 750,000 tonnes at 8.0% zinc, 3.4% lead, 50 grams per tonne (g/t) silver and 0.35g/t gold containing 132mln lbs zinc, 57mln lbs lead, 1.2mln oz silver and 8,400 oz gold at a 4% zinc cut-off grade

Low Grade Domain - 590,000 tonnes at 1.6% zinc, 0.5% lead, 13 g/t silver and 0.15 g/t gold containing 20mln lbs zinc, 7mln lbs lead, 247,000 oz silver and 2,800 oz gold at a 1% zinc cut-off grade.

The BKZ-LCZ inferred mineral resource comprises:

High Grade Domain - 1.1mln tonnes at 1.1% copper and 13 g/t silver, containing 26mln lbs copper and 460,000 ounces silver at a 0.5% copper cut-off grade

Asiamet said mineralisation remains open in multiple directions at both the BKZ-UPM and the BKZ-LCZ, adding that many targets with potential to expand the resource base remain to be tested.

Exploration drilling aimed at expanding the resource base at the company’s wholly-owned KSK Contract of Work will continue testing extensions to mineralised domains along strike and at depth.

Infill drilling aimed at confirming continuity and consistency of mineralisation types in order to convert part or all of the BKZ resource to the measured and indicated resource categories is planned, Asiamet revealed.

In addition, a metallurgical testing programme to assess the performance of BKZ resource mineralisation to recover lead, zinc, silver, copper, gold concentrates will be undertaken. Subject to receiving positive results a preliminary economic assessment will be initiated.

Asiamet said further core studies and geophysical data have identified a new high-priority target area where the interpretation is that a large magnetic feature at depth may represent an untested porphyry intrusion. This area will be targeted for deep scout drilling in late 2018.

Eight further high priority prospects have been identified in addition to the BKW, BKS and BKZ-BKM link zone targets and Asiamet believes these prospects warrant “aggressive follow-up exploration”.

The prospects include Baroi-FEZ, Gunung Perak, Volcano, Low Zone, Waterfall, Rinjen, Kalang and Bukit Dea. All targets display similar surface geochemical and geophysical signatures to that of the BKZ deposit.

"The reporting of an initial mineral resource estimate for the BKZ polymetallic deposit today represents another very important value-adding milestone for Asiamet,” declared Peter Bird, Asiamet’s chief executive officer.

“The BKZ polymetallic deposit mineralisation is located close to existing roads and the proposed infrastructure for the BKM copper project. The BKZ inventory has the potential to significantly enhance the economics of any mine development in the area,” Bird added.

“Our ability to discover and delineate this high grade, near-surface polymetallic deposit in such a short time-frame clearly demonstrates the largely untapped potential of both the BK district and the broader KSK CoW,” Bird maintained.

“BKZ remains open in multiple directions and all geological indicators suggest the BKM-BKZ corridor and multiple surrounding targets will continue to deliver further substantial growth in the company's mineral inventory over the coming months and years,” Bird said.

BKZ Mineral Resource Estimate, April 2018 (100% basis)


BKZ Polymetallic Deposit Inferred Resource Estimate (JORC Code, 2012)






Upper Polymetallic Zone.  High-Grade Zinc, Lead, Silver and Gold Domain.
Inferred Resources (JORC 2012) *



Reporting Cut (Zn%)

Tonnes (kt)


Contained Metal



Zn   (%)

Pb   (%)

Ag (ppm)

Au (ppm)





Ag (koz)

Au (koz)


















Upper Polymetallic Zone.  Low-Grade Zinc, Lead, Silver and Gold Domain.
Inferred Resources (JORC 2012) **



Reporting Cut (Zn%)

Tonnes (kt)


Contained Metal



Zn   (%)

Pb   (%)

Ag (ppm)

Au (ppm)

Zn   (kt)



Ag (koz)

Au (koz)


















Lower Copper Zone. Copper and Silver Mineralisation.
Inferred Resources (JORC 2012)



Reporting Cut (Cu%)

Tonnes (kt)


Contained Metal



Cu (%)

Ag (ppm)

Cu (kt)

Ag (koz)














Wed, 16 May 2018 08:33:00 -0400
<![CDATA[RNS press release - Initial Mineral Resource Estimate for BKZ Deposit ]]> Wed, 16 May 2018 02:00:10 -0400 <![CDATA[RNS press release - Exercise of Options ]]> Wed, 02 May 2018 09:30:02 -0400 <![CDATA[RNS press release - 2017 Annual Report & Financial Statements ]]> Fri, 27 Apr 2018 04:00:01 -0400 <![CDATA[Media files - 'Perfect timing & exceptional assets' set to deliver considerable value for Asiamet investors ]]> Thu, 19 Apr 2018 16:01:00 -0400 <![CDATA[RNS press release - Broker Warrants Exercised ]]> Wed, 18 Apr 2018 10:30:02 -0400 <![CDATA[News - Asiamet finds high grades at its Indonesia copper project ]]> Asiamet Resources Ltd (LON:ARS) said on Monday that drilling has intercepted high-grade copper mineralisation at its 40%-owned Beutong East Porphyry project in Indonesia.

Assay results from the first diamond drill hole of 2018 at the project confirmed up to 1.6% of copper over two-metre sample intervals near surface.

Drilling at the hole, BEU0900-06, had to end prematurely due to defective drill rods but delivered high-grade copper mineralisation with the final 2.9 metres interval assaying 1.2% copper and 0.18 grams per tonne gold and 203 parts per million molybdenum.

The company said the assay results indicate that copper minerals in the BEP deposit are potentially amenable to heap leaching.

READ: Monumental year in store for Asiamet WATCH: Steve Hughes on grades at BKM 

Phase 1 metallurgical test work will be carried out to determine the leachability of the copper species in the BEP.

 Proposed programmes include agitated leach and bottle roll tests, followed by column test work if needed.

"We are excited that drill hole BEU0900-06 successfully reaffirmed high-grade near-surface mineralisation and the first ever sequential assay data confirms soluble copper species within the BEP,” said chief executive Peter Bird.

“This initial data provides further justification to evaluate if a potential heap leach SX-EW process is the more suitable processing route to evaluate for the BEP deposit in the early stage of operation. “

Results pending for second hole

A second short metallurgical hole was completed to obtain enough material for the Phase 1 test work and assays results are pending.  

The rig has moved 75 metres north is drilling a third hole across the orebody to a proposed depth of 675 metres.

“The company has strategically positioned itself with an attractive pipeline of copper growth projects in a rising copper market, and we expect strong news flow throughout 2018,” said Bird.

“We will continue to explore and develop the porphyry and skarn projects at Beutong, including planned metallurgy and geotechnical activities and further extension/evaluation drilling of the known mineralised domains.”

The company remains on track to complete its bankable feasibility study at the BKM copper project by mid-year and to further develop the BKZ Polymetallic project.

Mon, 16 Apr 2018 11:41:00 -0400
<![CDATA[RNS press release - Asiamet April Investor Events - Birmingham, London ]]> Mon, 16 Apr 2018 10:10:01 -0400 <![CDATA[RNS press release - Intersects High Grade Mineralisation at Beutong ]]> Mon, 16 Apr 2018 06:15:01 -0400 <![CDATA[News - Asiamet Resources comes out on top as Liberum provides a bearish assessment of the copper sector ]]> The mining team at Liberum Capital have singled out Asiamet Resources Ltd (LON:ARS) as its pick in a copper sector that is heading into surplus, with the price of the red metal set to slide to US$2.50 a pound by the middle of next year.

“We prefer the re-rating upside in developers over the negative earnings momentum of the expensive producers,” the broker said in a note to clients.

The dynamics of the market is such that the rest of the world is no longer eating up supplies Chinese businesses aren’t buying.

After hitting a 2019 nadir, the price should rally to around US$3 a pound, Liberum said.

Glencore a 'sell'

The broker is a ‘seller’ of Glencore (LON:GLEN), Antofagasta (LON:ANTO) and KAZ Minerals (LON:KAZ).

On Asiamet, it repeated its ‘buy’ advice and 20p a share price target (the stock closed Friday at 11.88p).

Last week in an initiation note Liberum called the AIM-listed Indonesia-focused mine developer the best kept secret in copper.

Analyst Richard Knights told investors: “Asiamet is an advanced copper exploration business with assets both near to production and globally significant in scale.”

Mon, 09 Apr 2018 07:46:00 -0400
<![CDATA[News - Asiamet Resources wowed by size of copper grades at BKM ]]> Steve Hughes, Asiamet Resources Limited’s (LON:ARS , CVE:ARS) head of exploration has detailed plans for its KsK CoW licence area in Kalimantan after more bumper grades from its BKM copper deposit.

Hughes said the grades seen at BKM from two holes drilled for geotechnical work as part of a feasibility study were ‘phenomenal’.

One hole contained 25% copper over a 1m sample at the northern end of the BK44 zone.

Hughes said Asiamet knew the north end of BK44 was a high-grade zone, but described the results from the two holes drilled as ‘miraculous’ with a 17m intercept of almost 4% copper and another just slightly north of that intercepting 69m at 1.4%.

All this mineralisation starts at the surface, he added, while the ore also leaches very quickly.

Allied to the very high grades, this reinforces the plan to have a starter pit in the north of BKM with high recoveries and a quick payback.

A forestry permit has also been granted for BKM so 'we can now drill again any time around the district'.

BKZ resource soon

At the nearby BKZ deposit, Hughes said he had finished modelling the 3-D geology and a maiden resource should be ready by the end of the month.

The 'unique thing about BKZ is that it is a near-surface polymetallic system with a very high-grade copper system underneath'.

Hughes said Asiamet ‘would attack the thing [BKZ] properly’ after the third year of mining at BKM.

Some of the recent drill holes also showed very high indications of lead/zinc so there is still work to do to prove up the full extent of the BKZ deposit, but 'it looks like it will a nice 5-7 year project'.

It will also mean Asiamet has two mining operations [BKM, BKZ] going at the same time. 


Elsewhere, at Beutong (copper/gold) on Sumatra, the rig has been moved to the primary target of the current drill programme.

Hughes adds he would like to drill some very deep holes to establish if it, too, contains very high grades.


"Baroi is my favourite project", said Hughes, adding "We are trying to get a permit".

It is underground, but with very high-grade vein systems - Historical results showed 35m at 5% copper and silver at 6 ounces per tonne.

The team is working hard on a permit, he said, and if possible Hughes wants to be drilling this year.


At Mansur, assays from a couple of holes should be back soon and Hughes expects to write something over the next couple of weeks to let the markets know how it went.

“If those holes hit zinc, lead or silver I would envision a larger drill programme.”

Fri, 06 Apr 2018 11:27:00 -0400
<![CDATA[Media files - Copper grades at Asiamet's BKM deposit 'off the charts' ]]> Thu, 05 Apr 2018 10:54:00 -0400 <![CDATA[RNS press release - Reports BKM Geotech Results - Replacement ]]> Tue, 03 Apr 2018 06:19:08 -0400 <![CDATA[RNS press release - Reports Assay Results for BKM Geotech Holes ]]> Tue, 03 Apr 2018 02:30:01 -0400 <![CDATA[RNS press release - Exercise of Options ]]> Thu, 29 Mar 2018 12:00:01 -0400 <![CDATA[RNS press release - BKZ Delivers Outstanding Mineralisation ]]> Wed, 28 Mar 2018 05:25:01 -0400 <![CDATA[RNS press release - Secures long term tenure for BKM Copper Project ]]> Mon, 26 Mar 2018 04:35:02 -0400 <![CDATA[Media files - Asiamet to bring in second rig and expand drilling at Beutong ]]> Tue, 20 Mar 2018 11:34:00 -0400 <![CDATA[RNS press release - BKZ Drilling Intersects High Grade Mineralisation ]]> Mon, 19 Mar 2018 08:49:47 -0400 <![CDATA[RNS press release - Successful Placing of £7.2 Million ]]> Tue, 13 Mar 2018 14:15:01 -0400 <![CDATA[RNS press release - Placing to Raise up to £7.2 Million ]]> Tue, 13 Mar 2018 08:15:01 -0400 <![CDATA[RNS press release - Exercise of Options ]]> Fri, 09 Mar 2018 05:30:02 -0500 <![CDATA[RNS press release - Corporate Broker Appointment ]]> Thu, 01 Mar 2018 07:00:02 -0500 <![CDATA[RNS press release - Commences Drilling Beutong Copper-Gold Deposit ]]> Thu, 01 Mar 2018 02:30:01 -0500 <![CDATA[RNS press release - metallurgical tests confirm positive results ]]> Wed, 28 Feb 2018 02:20:02 -0500 <![CDATA[RNS press release - Intersects Further High-Grade Zinc, Lead, Copper ]]> Thu, 22 Feb 2018 08:35:01 -0500 <![CDATA[RNS press release - Exercise of Options ]]> Tue, 13 Feb 2018 08:00:01 -0500 <![CDATA[RNS press release - Intersects High Grade Copper Mineralisation at BKZ ]]> Tue, 06 Feb 2018 02:00:04 -0500 <![CDATA[Media files - Asiamet 'intensely active' at Beutong with drilling imminent ]]> Wed, 31 Jan 2018 14:19:00 -0500 <![CDATA[RNS press release - BKZ Delineation Drilling and Plans for Beutong ]]> Wed, 31 Jan 2018 02:00:04 -0500 <![CDATA[RNS press release - Director Resignation ]]> Wed, 17 Jan 2018 06:45:01 -0500 <![CDATA[RNS press release - Grant of Options ]]> Thu, 11 Jan 2018 06:15:01 -0500 <![CDATA[RNS press release - Commences Resource Drilling at BKZ ]]> Thu, 11 Jan 2018 04:15:01 -0500 <![CDATA[RNS press release - Production Licence for Beutong Project ]]> Mon, 08 Jan 2018 02:00:04 -0500 <![CDATA[RNS press release - Positive Metallurgical Test-work Results ]]> Tue, 19 Dec 2017 05:15:01 -0500 <![CDATA[Media files - Asiamet's Steve Hughes hails 'fabulous' metallurgy results from BKM ]]> Wed, 29 Nov 2017 22:54:00 -0500 <![CDATA[RNS press release - Intersects 115.5m at 1% Cu at BK44 Zone ]]> Wed, 29 Nov 2017 02:00:06 -0500 <![CDATA[RNS press release - Appointment of James Deo as CFO ]]> Fri, 24 Nov 2017 07:15:02 -0500 <![CDATA[RNS press release - Further High-Grade Zn-Pb-Ag at BKZ Deposit ]]> Tue, 21 Nov 2017 07:15:02 -0500 <![CDATA[Media files - Asiamet expands programme at BKZ after new high grade hits ]]> Thu, 16 Nov 2017 12:45:00 -0500 <![CDATA[Media files - Asiamet's Steve Hughes says they're just getting started at their 30+ prospects ]]> Thu, 02 Nov 2017 14:37:00 -0400 <![CDATA[Media files - Asiamet Resources continuing to hit high grades at BKZ ]]> Fri, 20 Oct 2017 12:35:00 -0400 <![CDATA[Media files - Asiamet's 'Mr Zinc' a happy man as BKZ increasingly looks like a stand-alone project ]]> Thu, 12 Oct 2017 10:41:00 -0400