Asiamet Resources Limited · LSE:ARS
Asiamet Resources — Investor Presentation (April 2020)
27 slides from Asiamet Resources's investor presentation, April 2020
Slide 1: Building a Leading Indonesian Mining Business
BUILDING A LEADING INDONESIAN MINING BUSINESS APRIL 2020S
Slide 2: Forward Looking Statement
Forward Looking Statement The information contained in this confidential document (the “Presentation”) has been prepared by Asiamet Resources Limited (the “Company” or "Asiamet") solely for informational purposes. Information contained herein does not purport to be complete and is subject to certain
Slide 3: Forward Looking Statement
Forward Looking Statement The documented geometries of mineralised inventory or exploration targets are not intended to be a proxy, or used as a basis, for mineral resource calculations. It is not certain if additional exploration will result in the delineation of Mineral Resources in, or near, thes
Slide 4: Copper Outlook is Strong
Copper Outlook is Strong Rising demand – forecast supply deficits • Worlds largest base metals market (22Mtpa consumption) • Multitude of industrial applications • Strong demand for electricity generation and transmission due to rising global population • Powering the InfoTech revolution • Renewable
Slide 5: Company Overview
Company Overview Asiamet Resources Limited (AIM:ARS) is focused on the development and growth of its high quality, large scale, copper-gold and base-metals deposits in Indonesia HIGH QUALITY COMPELLING VALUE PROVEN TEAM PORTFOLIO BIG GROWTH • Rare portfolio of base and • JORC Resources contain • Int
Slide 6: Corporate Overview
Corporate Overview Experienced team with proven track record Board of Directors Tony Manini Feng (Bruce) Sheng Executive Chairman Non-Executive Director Geologist, +30 years, Rio Tinto, Oxiana/OZ Chairman Asipac Group, Vice Chairman Minerals, Tigers Realm, EMR Capital. Australian China Business Coun
Slide 7: Corporate Overview
Corporate Overview London 1,474.3m Key Shareholders AIM Shares on Issue Aeturnum Energy Asipac Group 19.9% 8.16% Ticker : ARS Board & Management 4.22% (ex. Asipac) Namarong Investment 2.63% Paul Little Group £17m US21.5m Market Cap. Market Cap. Share Price – 1.18p Share Price – US 1.46c 7
Slide 8: Key Projects – Indonesia
Key Projects – Indonesia KSK Project KSK Contract of Work (100%) Beutong IUP (80%) KSK COW ~400km² BKM Copper Deposit – Feasibility JORC Compliant Resources of 2.4Mt Long-term tenure – 30yrs post Study Completed (5.3Blb) Cu, 2.1Moz Au, 20.9Moz Ag commencement of mining with BKZ Polymetalli
Slide 9: Kalimantan KSK CoW – BKM Resources and Reserves
Kalimantan KSK CoW BKM Resources and Reserves with Huge Growth Potential Measured Mineral Resources Cut-off Cu % Mt Cu Grade % Copper Kt 0.2 20.6 0.7 148.5 0.5 14.9 0.8 124.9 0.7 8.6 1.0 87.6 Indicated Mineral Resources Cut-off Cu % Mt Cu Grade % Copper Kt 0.2 34.1 0.6 212.6 0.5 21.4 0.8 161.3 0.7 9
Slide 10: BKM Copper Project – Process Flow Sheet
Kalimantan KSK CoW BKM Copper Project – Process Flow Sheet Conventional Process Design Process Route involves: 1. Crushing & grinding 2. Agglomeration 3. Heap-leach 4. Pls pond 5. Solvent Extraction/Electrowinning (SX-EW) 6. Producing Grade A Copper Cathode 10
Slide 11: BKM Copper Project – Mine Site Layout
Kalimantan KSK CoW BKM Copper Project – Mine Site Layout 11
Slide 12: BKM Initial Project – Feasibility Study
BKM Initial Project – Feasibility Study Strong Production and Cashflow with Huge Growth Potential PRODUCTION FINANCIALS 20-25kt Copper Cathode Revenue: US$1.27 billion EBITDA: US$563.3 million INITIAL CAPEX2 LOW CAPITAL US$223.4 million INTENSITY3 US$7,680/t NPV8 / IRR 1 C14 / AISC4 US$124.8 million
Slide 13: BKM Feasibility Study – Production and Cash Flow
BKM Initial Project – Feasibility Study Strong Production and Cashflow with Huge Growth Potential LOM Copper Cathode Production 25.0 Initial mine life 9 years with strong potential to convert Inferred Resources Copper Cathode Production (Kt) 20.0 to extend mine life 15.0 Production of LME Grade
Slide 14: BKM Feasibility Study – Capital Cost Estimate
BKM Initial Project – Feasibility Study Capital Cost Estimate Capital Estimate $M Mining Infrastructure 1.9 Crushing, Agglomeration and Stacking 31.4 Heap Leach 36.8 SX-EW (incl Neutralisation) 31.7 Process Area Services and Utilities 7.7 On Site Infrastructure and Bulk Earthworks 43.9 Off Site Infr
Slide 15: Identified Value Enhancement Opportunities
BKM Initial Project – Feasibility Study Identified Value Enhancement Opportunities Pre-treatment of transition mineralisation using Albion leaching technology (~$20M) Improved mineralisation geological controls (~$5M) An electricity supply change from LNG to coal (~$4M) Further refining the
Slide 16: BKM District Exploration - Huge Growth Potential
Kalimantan KSK CoW BKM District Exploration - Huge Growth Potential BKM (red) is the first to be evaluated - JORC Resource contains 404Kt Copper. Ore Reserves contain 303Kt Copper. Feasibility Study completed in Q2 2019 Drilling outside BKM is very limited. Four key target areas identified are e
Slide 17: Regional Scale Tenement – Potential for Multiple Discoveries
Kalimantan KSK CoW Regional Scale Tenement – Potential for multiple discoveries Copper-rich polymetallic vein systems over 4 sqkm at Far East Zone (FEZ). Approximately 10sqkm of potential interest at Baroi Central and South FEZ defined by outcropping massive bornite – chalcopyrite copper mineral
Slide 18: Beutong Copper-Gold Project
Beutong Copper-Gold Project 18
Slide 19: Beutong Project – Infrastructure Advantage
Beutong Project – Infrastructure Advantage Road, Power, Port Infrastructure Nearby Located only 60km inland and north-east of the township of Meulaboh, Aceh Access to project site is via partially sealed roads from the regional towns of Meulaboh and Takengon Meulaboh - population 50,000. Comme
Slide 20: Beutong Project – Exciting Cu-Au Discovery
Beutong Project – Exciting Cu-Au Discovery High Quality Deposit with Big Upside Copper Model Large, high quality porphyry Cu-Au-Mo deposit. Measured + Indicated JORC Resources (100%) 1.2BIbs Cu, 0.4Moz Au, 5.7Moz Ag, 20Mlbs Mo Inferred JORC Resources (100%) 4.1BIbs Cu, 1.7Moz Au, 14.9Moz A
Slide 21: Appendix 1. Beutong Project – Mineral Resource
Appendix 1. Beutong Project – Mineral Resource Large Cu-Au-Mo deposit with higher grade core from surface Beutong 2019 Resource Estimate - Report at 0.3% Cu Lower Cut Classification Grade Metal Mineralisation Tonnes (Mt) (JORC 2012) Cu (%) Au (ppm) Ag (ppm) Mo (ppm) Cu (Kt) Au (kOz) Ag (kOz) Mo (Kt)
Slide 22: Beutong Copper-Gold Deposit – Large, High Quality
Beutong Copper - Gold Deposit Large, High Quality, Globally Significant 2.50% 2.25% 2.00% Carrapateena 1.75% (Australia) 1.50% Copper Grade Marcona (Peru) 1.25% Olympic Dam Beutong Large Cu-Au Resource Expected to Grow (Australia) 1.00% Beutong High Grade Core 0.75% Beutong Sentinel (Indonesia) Anta
Slide 23: Why Invest in Asiamet Resources?
Why Invest in Asiamet Resources? Quality Assets & People = Focussed team with a proven track record - Indonesia, discovery, mine development = Large and growing copper resource base, solid grade, significant upside = KSK CoW has a significant project pipeline and provides substantial value for the C
Slide 24: Asiamet – An Outstanding Opportunity
Asiamet – An outstanding opportunity 24
Slide 25: Contact Information
Contact Information AIM | ARS Tony Manini Executive Chairman M: +61 (0) 419384465 E: [email protected] W: www.asiametresources.com 25
Slide 26: Regulatory Framework – KSK Project
Regulatory Framework Summary KSK Project Mineral and coal mining activities are governed under the Law on Mineral and Coal Mining No. 4 of 2009 (the “Mining Law”). This law replaced the previous Mining Law 11/1967, which provided the framework for all of Indonesia’s pre-2009 mining concessions inc
Slide 27: Regulatory Framework – Beutong IUP
Regulatory Framework Summary Beutong IUP The Beutong project is held under a Mining Business License (Izin Usaha Pertambangan – “IUP”). Asiamet owns 80% of the Beutong Project The IUP is granted for two separate phases of mining activities: Exploration IUP- for performance of general surveys,
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