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Asiamet inks MoU with BGRIMM for BKM Copper project

Published 06/01/2023, 11:33
Updated 06/01/2023, 11:42
Asiamet inks MoU with BGRIMM for BKM Copper project
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Sharecast - Asiamet Resources will work with BGRIMM and its consulting engineer NewPro Consulting & Engineering Services to provide detailed design information for all equipment packages. BGRIMM will also complete a detailed cost estimate for an engineering, procurement, and construction technical supervision scope of work for the BKM Copper Project SX-EW processing plant.

The AIM-listed group added that upon successful completion of the BKM Copper Project feasibility study ppdate and a positive final investment decision by its board, it will engage with BGRIMM on the provision of a complete engineering and procurement service contract for the plant.

Chief executive Darryn McClelland said: "Final discrete elements for the delivery of the updated Feasibility Study are nearing completion and we look forward to delivering on this in the near term and critically presenting a project with overall robust economics and attractive cashflow generation."

As of 1130 GMT, Asiamet shares were up 7.74% at 1.24p.

Reporting by Iain Gilbert at Sharecast.com

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