Asiamet Appoints Ausenco
25 October 2017 - 5:03PM
UK Regulatory
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release.
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: +61 3 8644 1300
Email: peter.bird@asiametresources.com
Tony Manini
Executive Chairman, Asiamet Resources Limited
Telephone: +61 3 8644 1300
Email: tony.manini@asiametresources.com
FlowComms Limited
Sasha Sethi
Telephone: +44 (0) 7891 677 441
Email: Sasha@flowcomms.com
Asiamet Resources Nominated Adviser
RFC Ambrian Limited
Andrew Thomson / Stephen Allen
Telephone: +61 8 9480 2500
Email: Andrew.Thomson@rfcambrian.com / Stephen.Allen@rfcambrian.com [2]
Optiva Securities Limited
Christian Dennis
Telephone: +44 20 3137 1903
Email: Christian.Dennis@optivasecurities.com
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:Oliver.Morse@rfcambrian.com
(END) Dow Jones Newswires
October 25, 2017 02:03 ET (06:03 GMT)
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