Asiamet Resources Limited announced an update to the Ore Reserve Estimate ("ORE") for its 100% owned BKM Stage 1 Copper Project ("BKM" or the "Project"), located in Central Kalimantan, Indonesia. This updated reserve is the cornerstone of the 2025 BKM Stage 1 Optimised Feasibility Study ("OFS"), which is expected to be published shortly. The selected Ore Reserve pit is smaller than the optimal value pit, preserving the opportunity to process additional ore if an expansion of the heap leach facility is undertaken in future.
Publication of this updated new Ore Reserve, ahead of the full 2025 BKM Optimised Feasibility Study, demonstrates clear progress being made in developing the BKM Stage 1 heap leach project. Stage 1 is the launchpad for unlocking the potential of the BKM mineral district and the wider KSK Contract of Work. Ore Reserves are presented in the document "Ore Reserves Statement, BKM Copper Project, Central Kalimantan, Indonesian, as at 30 April 2025".
The statement of Ore Reserves (Table 1) has been completed by Australian Mine Design and Development Pty Ltd. ("AMDAD") and is reported in accordance with the requirements of the JORC Code (2012). The information in this announcement and the report to which this statement is attached that relates to the estimation of Ore Reserves is based on information compiled by Mr. John Wyche, FAusIMM (Fellow of the Australian Institute of Mining and Metallurgy) acting as a qualified appointed adviser to Asiamet. Mr. Wyche is a Competent Person within the meaning of the JORC Code 2012 and a Qualified Person for the purposes of the AIM Rules for Companies.
Such forward-looking statements involve known and unknown risks, uncertainties and other factors that could cause actual events or results to differ materially from estimated or anticipated events or results implied or expressed in such forward-looking statements. Such factors include, among others: the actual results of current exploration activities; conclusions of economic evaluations; changes in project parameters as plans continue to be refined; possible variations in ore grade or recovery rates; accidents, labour disputes and other risks of the mining industry; delays in obtaining governmental approvals or financing; and fluctuations in metal prices. There may be other factors that cause actions, events or results not to be as anticipated, estimated or intended.
Geological evidence is sufficient to imply but not verify geological and grade (or quality) continuity. It is based on exploration, sampling and testing information gathered through appropriate techniques from locations such as outcrops, trenches, pits, workings and drill holes. An Inferred Mineral Resource has a lower level of confidence than that applying to an Indicated Mineral Resource and must not be converted to an Ore Reserve.
It is reasonably expected that the majority of Inferred Mineral Resources could be upgraded to Indicated Mineral Resources with continued exploration. The intercept is described by the entire thickness and the average grade of mineralisation. JORC The Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves ('the JORC Code') is a professional code of practice that sets minimum standards for Public Reporting of minerals Exploration Results, Mineral Resources and ore Reserves.
The JORC Code provides a mandatory system for the classification of minerals Exploration Results, Mineral resources and Ore Reserves according to the Company's website at
The statement of Ore Res reserves (Table 1) has been completing by Australian Mine Design and development Pty Ltd. ("AMD AD") and is reported in accordance With the requirements of the JOR C Code (2012).
