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Asiamet estimates US$204M NPV, 39% IRR at BKM copper deposit

A preliminary economic study on 's Beruang KananMain, or BKM,copper deposit in Kalimantan, Indonesia, estimated an after tax net presentvalue, discounted at 10%, of US$204.3 million and an after tax internal rate ofreturn of 38.7%.

The study's base case considers target production of 25,000tonnes of copper cathode per year for an initial eight-year life of mine,according to the April 5 statement.

The company expects gross revenue of US$1.27 billion using along-term copper price forecast of US$3.25 per pound.

Initial capital cost is estimated at US$163.8 million with a2.4 year payback.

Additionally, Asiamet said that copper mineralization at BKMis open in several directions and locally at depth and adjacent high potentialprospects at Beruang Kanan South, Beruang Kanan West, and BKZ Polymetallicrepresent attractive targets for additional mineralization.