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 Wed Oct 25, 2017
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

ON BEHALF OF THE BOARD OF DIRECTORS

Peter Bird, Deputy Chairman and CEO

For further information, please contact:

Peter Bird
Deputy Chairman and CEO, Asiamet Resources Limited
Telephone: +61 3 8644 1300
Email:

Tony Manini
Executive Chairman, Asiamet Resources Limited
Telephone: +61 3 8644 1300
Email:

FlowComms Limited
Sasha Sethi
Telephone: +44 (0) 7891 677 441
Email:

Asiamet Resources Nominated Adviser
RFC Ambrian Limited
Andrew Thomson / Stephen Allen
Telephone: +61 8 9480 2500
Email: /

Optiva Securities Limited
Christian Dennis
Telephone: +44 20 3137 1903
Email:

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