Tony Manini, chief executive of Asiamet Resources (LON:ARS CVE:ARS) says the company has a pipeline of opportunities to create a business valued in the region of multi-hundreds of millions, if not billions, of dollars.
Copper is the main focus for the company, previously called Kalimantan Gold, which told investors this week it had taken Beruang Kanan Main (BKM) deposit, in Indonesia, another step along the value chain with an updated mineral resource estimate.
Total contained copper increased by 43% to 887mln pounds, or 402,000 tonnes. BKM is part of the KSK Project in Central Kalimantan.
Meanwhile, recent assay results from Asiamet’s 71-hole drilling programme on the Beruang Kanan Main copper deposit in Indonesia have been among its best to date.