Asiamet Resources Share Discussion Threads

[nick rubens] 22/11/2016 14:06

cheers RichSmith

Seems to be alot of trust on TM and almost talk of this being a one way bet, though the RNS's are very reassuring, even though the value of copper isn't assured in a couple of years time.

I hope ARS really does deliver.

[scarymonster] 22/11/2016 12:48

I'd like to go and the only thing putting me off is having to sit through the other company presentation also presenting that evening. I wonder how long each presentation is.

[mr roper] 22/11/2016 12:31

A couple of weeks back, TM was speaking to Institutional Investors and Commodity specific houses. Both interested in the copper story.

[richsmithsmith] 22/11/2016 12:25

Hi NR

How long before another placing is due?
My guess would be towards the end of Q1 2017.

Are the Investor presentations aimed at PI's or the huge corporates that can really advance things?
Both... they're not naming names but they are clearly in London for a reason and that reason is bigger than talking to PIs :)
They've not named names but they did say that wanted to have more than one option and an option to maximise shareholder value.

Would encourage you to come on Monday night if you can... he spent hours with us last time and took us through all of our questions/concerns.

[nick rubens] 22/11/2016 11:58

How long before another placing is due?

Are the Investor presentations aimed at PI's or the huge corporates that can really advance things?

cheers NR

[richsmithsmith] 22/11/2016 11:38

If I get a spare few hours I think I'll have a go at calculating the NPV given what we now know...

[2lb] 22/11/2016 11:32

Yes, agree with Rich, TM has been very consistent about the expectations on the project plan. The only ones that move are those relating to Beutong and Jelai because they are now in the hands of third parties but for operational landmarks when ARS sat they are going to do something then they do it - very professional company using world class contractors and processes on a first rate project.

[richsmithsmith] 22/11/2016 11:04

As certain as it's in the project plan and TM has told me to my face. (Come to town on Monday you can ask him)

[cyberbub] 22/11/2016 11:02

Are we certain the the resource upgrade is due in January?

[2lb] 22/11/2016 10:48

Until whoever is dumping these 200k-250k on every bit of news and every Friday afternoon finally stops we're going nowhere Some days it feels like ARS could announce they are now making £100m a year clear profit and we'd still drift down to 2.4p with a £15m market cap.TM visit next week may help but this is a never ending post PEA consolidation

[richsmithsmith] 22/11/2016 10:44

Usual story...

[mr roper] 22/11/2016 10:38

fishing trip?

[richsmithsmith] 22/11/2016 09:15

Tony Manini (CEO) is in London on Monday hosting another investor presentation. Encourage you to go if you can. Register here:



"The Asiamet investor presentation will be followed by opportunities to meet with the directors of the Company and other investors in an informal environment over drinks and a buffet dinner. The presentation will provide an overview of all the Company's projects within Indonesia and specifically a detailed update upon the BKM project Feasibility Study and the current strategy to bring this to production."

[dorset64] 22/11/2016 08:43

trmoso1, funnily enough within 5 hours I shall be on a plane to that exact area of Shanghai, my home for the next week :(

[dorset64] 22/11/2016 08:27

Nice one...... on the back of our raw ingredients continually increasing this looks a better and less risky investment on every news release.

Happy to be invested at this stage and will, over time & when funds permit increase my holdings 'X' fold.

[mr roper] 22/11/2016 08:10

looking for copper to get back to 2.7 or thereabouts on this leg

[maverick247] 22/11/2016 08:06

Excellent and copper flying too

[mr roper] 22/11/2016 07:54

two points..
1) This is expected to provide a favorable capital cost outcome for the BKM crushing facilities
2) This is considered a favorable outcome for the operating and capital cost requirements at the BKM heap leach facility.

Tremendous work. As TM says, BKM keeps surprising to the upside.

Investor Meet...the Counting House. Tremendous, used to be one of my old haunts. Not far from the Jamaica Inn as well.

[2lb] 22/11/2016 07:47

Always good to have confirmation that TM is spending another few days in London, plenty of interest parties to speak to.

BKM results improve every time we get an update and so therefore do all the metrics such as NAV, IRR, mine life, open, capex etc etc.

Resource Upgrade in January should be a real turning point

[richsmithsmith] 22/11/2016 07:33

Well... that just lowered both the capex and operating costs. Another solid update from the team.

[cyberbub] 22/11/2016 07:28

Good news inevitably leads to a red day on AIM shares :-/

[adorling] 22/11/2016 07:11

Another strong RNS on the quality of BKM - Tony Manini states....

"While there remains considerable work to be done, the highly positive
results generated from this initial phase of our detailed metallurgical
test work program, coupled with the excellent grade and continuity
established in our Resource evaluation drilling to date, highlights the
potential for development of a high quality medium scale copper mine at
BKM. The feasibility study is a critical de-risking phase for the BKM
project and in order to meet the expectations of all our key stakeholder
groups, including financiers, it is critically important that all study
areas are completed to industry high standards. Our highly experienced
team continues to advance the BKM feasibility study in line with
best-practice and we look forward to reporting further results as they become available"

Everything ARS has done to date has exceeded expectations so it is hard to believe that we still sit under 5p despite the copper copper advancing 22% these past weeks, super high grades of Cu and near surface. Our time will come and when it does we will leave many many traders and previous investors behind the curve looking at a rapidly rising price as we re-rate!

[gary38] 22/11/2016 07:10

Great news.Well done ARS team

[gary38] 22/11/2016 07:09

Asiamet Resources Limited Asiamet Resources Limited : Miscellaneous Feasibility Study UpdateSource: UK Regulatory (RNS & others) TIDMARS BKM Feasibility Study - Positive Results from Metallurgical and Geochemical Testwork Asiamet Resources Limited ("ARS" or the "Company") is pleased to provide an update on the excellent progress being made on the Beruang Kanan Main ("BKM") feasibility study. Metallurgical test work programs are well advanced and results have now been received for the comminution (crushing) test work which forms the basis upon which the crushing circuit is designed. Five different ore types from the BKM deposit were tested with specific evaluations focused on assessing the Crushing Work Indices (CWi), Unconfined Compressive Strengths (UCS), and Abrasion Indices (Ai) for each. Highlights include: -- The BKM ore types will require minimal crushing, with small amounts of over-sized material generated (Unconfined Compressive Strength tests). -- Relatively low wear-rates can be expected for the metal components within the crushing plant as indicated by Abrasion Index test results. -- Overall the ore types have a low crushing energy requirement and low wear-metal consumption, which will contribute to lower operating costs in the comminution section of the process plant. -- Based on these ore-comminution characteristics, the crushing plant will be a conventional process facility, without a need for special equipment to handle hard or very hard materials. This is expected to provide a favorable capital cost outcome for the BKM crushing facilities. Test work results show that the various ore types at BKM have a wide range of crushing and rock strength characteristics as expected. The two most predominant ore types (2 and 5) are characterized as 'soft' material, with low crushing energy (CWi) and rock strength (UCS). Ore type 1 is the most competent, with a medium to medium-hard characterization. The high grade ore type 4 is slightly softer and weaker than ore type 1. Ore type 3 samples were highly broken and unsuitable for comminution testing. The Abrasion Index was tested on ore types 1, 2, 4 and 5. In contrast to the Crushing Work Indices, the Abrasion Index results have a narrower range and can be generally described as 'slightly abrasive' material. PT Lorax Indonesia (a subsidiary of Lorax Environmental Services, Canada) was commissioned by the Company to conduct an initial (Phase I) geochemical investigation of the BKM deposit. The study assessed the potential for metal leaching and/or acid rock drainage ("ML/ARD") from both waste rock and ore at the project site. An integrated characterization program has now been completed and findings reported by Lorax. Highlights include: -- A total of 79 ore and waste samples underwent a suite of static laboratory tests (Acid-Base Accounting) at the PT Intertek Utama Services Laboratory in Jakarta, to quantify the potential of the rock samples to generate ARD. A subset of 10 samples also underwent total metal content and short-term metal leaching tests. -- As anticipated from the previous mineralogical assessments, the samples representing the leach feed material were all are classified as Potential Acid Forming ("PAF"). This was in-line with expectations, based on the geologic understanding of the deposit. Similarly, most of the samples representing the BKM waste materials were classified as PAF, as expected. This initial assessment will feed into the development of a geo-environmental model which will assist the development of waste and water management plans and help guide material handling strategies to minimize the environmental impact of future mining operations. The management of the waste materials to limit the effects of ML/ARD will be considered as part of the mining plan. Incorporation of these characteristics has already been initiated, with mine planning updates and the optimization of site facility locations taking account of the geochemical characteristics of the deposit. Collectively, the results of the Phase I geochemical assessment support the PEA assumptions that the mineralogy of the BKM heap leach feed material will be acid generating and limit the need for acid importation to support the processing activities on-site. This is considered a favorable outcome for the operating and capital cost requirements at the BKM heap leach facility. The Company is planning a Phase II geochemical assessment, as the project development advances. Future studies will establish the range of drainage chemistries associated with the BKM materials as well as additional kinetic test work and mineralogical assessment. Detailed waste and water management plans will be developed to ensure protection of water resources and incorporated into the Feasibility Study and the Environmental and Social Impact Assessment (AMDAL) for the project. Tony Manini, Asiamet's Chief Executive Officer commented: "While there remains considerable work to be done, the highly positive results generated from this initial phase of our detailed metallurgical test work program, coupled with the excellent grade and continuity established in our Resource evaluation drilling to date, highlights the potential for development of a high quality medium scale copper mine at BKM. The feasibility study is a critical de-risking phase for the BKM project and in order to meet the expectations of all our key stakeholder groups, including financiers, it is critically important that all study areas are completed to industry high standards. Our highly experienced team continues to advance the BKM feasibility study in line with best-practice and we look forward to reporting further results as they become available."