Formal Commencement of BKM Project Financing Process
Asiamet Resources Limited (AIM: ARS) is pleased to announce the formal commencement of the debt financing process for its BKM Stage 1 Copper Project, located in Central Kalimantan, Indonesia.
Following the successful completion of the BKM Stage 1 Optimised Feasibility Study (“OFS”) and receipt of the final Independent Technical Expert (“ITE”) report, the Company has now officially opened its project data room to a targeted group of prospective project finance lenders. This marks the start of project finance due diligence.
This milestone represents the formal start of the lender engagement process for BKM Stage 1 and is distinct from the Company’s ongoing offtake discussions and any future strategic initiatives.
Darryn McClelland, Chief Executive Officer, commented:
“The commencement of formal lender due diligence is a major milestone in the development of the BKM Copper Project. With both the OFS and ITE review now complete, we are well positioned to engage meaningfully with our selected group of project finance lenders.
This milestone reaffirms to our stakeholders, shareholders, and prospective financing partners that BKM is a real, development-ready project, and Asiamet is committed to progressing towards a final investment decision.
Our offtake and strategic partner engagement processes remain separate, and we look forward to providing further updates on these areas as they continue to progress.”
ON BEHALF OF THE BOARD OF DIRECTORS
Darryn McClelland, Chief Executive Officer
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For further information, please contact:
Darryn McClelland
Chief Executive Officer, Asiamet Resources Limited
Email: darryn.mcclelland@asiametresources.com
Tony Manini
Chairman, Asiamet Resources Limited
Email: tony.manini@asiametresources.com
