BKM has an NPV8 of US$162.8M, cash costs of $1.91/lb, and a total capital estimate of $235.4M
A technical review of the BKM feasibility study has been completed, with positive feedback, and an indicative term sheet for copper cathode offtake financing has been received, Asiamet said. SRK Consulting, which is conducting the independent review, is expected to issue the report to the potential lead bank within the next 14 days, it said. "This is a critical step in moving forward with the process to secure bank financing for BKM," Asiamet chief executive Darryn McClelland said.
"Due diligence is ongoing with other potential offtake partners also hoping to secure the copper cathode units that Asiamet will bring into production," McClelland said. He said Asiamet is engaged in discussions with Chinese EPC contractors and dedicated design groups from Chinese and Indonesian EPCM companies. "During Q4 2023, we anticipate making a final decision on the project delivery model for BKM and appointment of our execution partners," the CEO said.
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