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AIM-listed Asiamet Resources has resized its BKM copper project in Indonesia to keep a lid on costs amid the tough global financial conditions.
"We have been able to deliver a Capex Estimate which we are confident will support a robust and commercially viable project – one that is well timed for a forecast major uptick in the copper cycle 2-3 years from now,” McClelland said.
The new "high confidence" capital cost estimate is US$236.5 million, including a $26.6 million growth allowance and contingency, which is "only slightly above" the $223.
Asiamet shares jump on provisional KSK deal
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