Asiamet Appoints Ausenco

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 Asiamet Resources Ltd. (ARS) 
Asiamet Appoints Ausenco 
 
25-Oct-2017 / 07:00 GMT/BST 
Dissemination of a Regulatory Announcement, transmitted by EQS Group. 
The issuer is solely responsible for the content of this announcement. 
 
                                            For Immediate Release London AIM 
 
25 October 2017 Symbol: ARS 
 
  Asiamet BKM Copper Project Feasibility Study - Ausenco Appointed Process 
                                  Engineer 
 
       Asiamet Resources ("ARS" or the "Company") is pleased to announce the 
   appointment of Ausenco Limited ("Ausenco"), an international engineering, 
          construction and project management company as the primary process 
engineering consultant for the Beruang Kanan Main ("BKM") Feasibility Study. 
 
                                                                 Highlights: 
 
? Ausenco brings extensive experience in mineral project development 
globally, with particular expertise in Indonesia and in heap-leach - SX-EW 
copper recovery. 
 
? BKM Feasibility Study activities continue to ramp-up, and the 
appointment of Ausenco further complements the world-class team ARS 
currently has working on the project. 
 
? The appointment of Ausenco provides Asiamet with a critical set of 
capabilities to successfully deliver the BKM Feasibility Study. 
 
  As previously communicated, ARS conducted a very thorough vendor selection 
  process to identify the preferred consultant for the BKM Feasibility Study 
      process engineering. Proposals were submitted from seven international 
   engineering consultancies and following a detailed review and assessment, 
                       Ausenco was chosen as the preferred service provider. 
 
 The scope of work to be covered by Ausenco includes the design, engineering 
  and cost estimating activities for the process area facilities required at 
   BKM. The process area facilities include: the ROM stockpile; crushing and 
  conveyor transportation circuit; agglomeration and stacking circuit; heap- 
leach pads, solution ponds, neutralisation plant and solution transportation 
   systems; solvent extraction plant; electro-winning plant; and the related 
utilities (water and power) and waste stream requirements. Ausenco will also 
       oversee the required geotechnical field investigations and laboratory 
            testing programmes to support design of the heap-leach facility. 
 
   The SX-EW plant design, equipment pricing, siteworks pricing, capital and 
        operating cost estimating activities will be undertaken in Brisbane, 
     Australia. The heap-leach pad design, including the coordination of the 
  required geotechnical investigations will be completed at Ausenco's office 
    in Lima, Peru, which has extensive experience relevant to the BKM copper 
project i.e. gold and copper heap-leach operations including valley-fill and 
            heap-leach facilities operating in higher-rainfall environments. 
 
                    Peter Bird, Asiamet's Chief Executive Officer commented: 
 
  "We have brought together a world-class group of experienced professionals 
      who will be responsible for the delivery of the BKM Feasibility Study. 
 Adding the Ausenco personnel significantly enhances the capabilities of our 
      wider team and we look forward to working with them to advance the BKM 
 copper project through the process engineering phase of the BKM Feasibility 
                                                                      Study. 
 
  The high-calibre talent that has been attracted to working with ARS on the 
   BKM Copper Project speaks volumes to the quality of the asset and we look 
  forward to providing further updates as the results of various Feasibility 
                                             Study components come to hand." 
 
                                                               About Ausenco 
 
     Ausenco is an international, diversified, engineering, construction and 
    project management company providing services to the global resource and 
    energy sectors. Ausenco's experience in precious and base metal projects 
    ranges from conceptual studies for new project developments to execution 
    with EPC or EPCM delivery. For more information on Ausenco, please visit 
                                                         www.ausenco.com [1] 
 
                                         ON BEHALF OF THE BOARD OF DIRECTORS 
 
                                         Peter Bird, Deputy Chairman and CEO 
 
-Ends- 
 
For further information, please contact: 
 
Peter Bird 
Deputy Chairman and CEO, Asiamet Resources Limited 
Telephone: [phone] 
Email: [e-mail] 
 
Tony Manini 
Executive Chairman, Asiamet Resources Limited 
Telephone: [phone] 
Email: [e-mail] 
 
FlowComms Limited 
 
Sasha Sethi 
 
Telephone: [phone] 
 
Email: [e-mail] 
 
Asiamet Resources Nominated Adviser 
RFC Ambrian Limited 
 
Andrew Thomson / Stephen Allen 
 
Telephone: [phone] 
 
Email: [e-mail] / [e-mail] [2] 
 
Optiva Securities Limited 
Christian Dennis 
 
Telephone: [phone] 
 
Email: [e-mail] 
 
ISIN:          BM04521V1038 
Category Code: MSCH 
TIDM:          ARS 
LEI Code:      213800PWJMT1NG28TA88 
Sequence No.:  4776 
 
End of Announcement EQS News Service 
 
622195 25-Oct-2017 
 
 
1: http://public-cockpit.eqs.com/cgi-bin/fncls.ssp?fn=redirect&url=6c3cc0340cb5f289f36ce2de4ad1e206&application_id=622195&site_id=vwd_london&application_name=news 
2: mailto:[e-mail] 
 

(END) Dow Jones Newswires

October 25, 2017 02:03 ET (06:03 GMT)