Asiamet confirms Beruang Kanan resource

Iain Gilbert Sharecast | 15 Aug, 2017 16:22 | | |

Copper
  • 5.00
  • 0.00%0.00
  • Max: 5.00
  • Min: 5.00
  • Volume: 544,461
  • MM 200 : n/a
17:17 20/09/17
  • 16,711.14
  • 0.31%52.14
  • Max: 16,713.88
  • Min: 16,468.72
  • Volume: 0
  • MM 200 : n/a
17:19 20/09/17
  • 993.30
  • -0.10%-1.03
  • Max: 995.84
  • Min: 992.82
  • Volume: 0
  • MM 200 : n/a
17:19 20/09/17

Asiamet Resources filed a technical report on Tuesday that confirmed its Indonesian resource at the Beruang Kanan main zone contained 49.2m tonnes of 0.70% as previously announced.

It also noted there was an inferred resource of 17.7m tonnes of 0.6% copper.

These numbers are 207% above the firms October 2015 estimate.

Asiamet is primarily focussed on the exploration and development of large copper-gold deposits on the Indonesian islands of Kalimantan and Sumatra.

The announcement did very little to share prices, and as of 1540 BST were at 4.95p, same as opening.

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