Asiamet Appoints Ausenco

Asiamet Resources Ltd. (ARS) Asiamet Appoints Ausenco 25-Oct-2017 / 07:00 GMT/BST Dissemination of a Regulatory Announcement, transmitted by EQS Group. The issuer is solely responsible for the content of this announcement.     For Immediate Release London AIM   25 October 2017 Symbol: ARS           Asiamet BKM Copper Project Feasibility Study - Ausenco Appointed Process Engineer   Asiamet Resources ("ARS" or the "Company") is pleased to announce the appointment of Ausenco Limited ("Ausenco"), an international engineering, construction and project management company as the primary process engineering consultant for the Beruang Kanan Main ("BKM") Feasibility Study. Highlights: Ausenco brings extensive experience in mineral project development globally, with particular expertise in Indonesia and in heap-leach - SX-EW copper recovery.   BKM Feasibility Study activities continue to ramp-up, and the appointment of Ausenco further complements the world-class team ARS currently has working on the project.   The appointment of Ausenco provides Asiamet with a critical set of capabilities to successfully deliver the BKM Feasibility Study. As previously communicated, ARS conducted a very thorough vendor selection process to identify the preferred consultant for the BKM Feasibility Study process engineering.  Proposals were submitted from seven international engineering consultancies and following a detailed review and assessment, Ausenco was chosen as the preferred service provider. The scope of work to be covered by Ausenco includes the design, engineering and cost estimating activities for the process area facilities required at BKM.  The process area facilities include: the ROM stockpile; crushing and conveyor transportation circuit; agglomeration and stacking circuit; heap- leach pads, solution ponds, neutralisation plant and solution transportation systems; solvent extraction plant; electro-winning plant; and the related utilities (water and power) and waste stream requirements.  Ausenco will also oversee the required geotechnical field investigations and laboratory testing programmes to support design of the heap-leach facility. The SX-EW plant design, equipment pricing, siteworks pricing, capital and operating cost estimating activities will be undertaken in Brisbane, Australia. The heap-leach pad design, including the coordination of the required geotechnical investigations will be completed at Ausenco's office in Lima, Peru, which has extensive experience relevant to the BKM copper project i.e. gold and copper heap-leach operations including valley-fill and heap-leach facilities operating in higher-rainfall environments.   Peter Bird, Asiamet's Chief Executive Officer commented: "We have brought together a world-class group of experienced professionals who will be responsible for the delivery of the BKM Feasibility Study.  Adding the Ausenco personnel significantly enhances the capabilities of our wider team and we look forward to working with them to advance the BKM copper project through the process engineering phase of the BKM Feasibility Study. The high-calibre talent that has been attracted to working with ARS on the BKM Copper Project speaks volumes to the quality of the asset and we look forward to providing further updates as the results of various Feasibility Study components come to hand."   About Ausenco Ausenco is an international, diversified, engineering, construction and project management company providing services to the global resource and energy sectors. Ausenco's experience in precious and base metal projects ranges from conceptual studies for new project developments to execution with EPC or EPCM delivery. For more information on Ausenco, please visit www.ausenco.com   ON BEHALF OF THE BOARD OF DIRECTORS Peter Bird, Deputy Chairman and CEO -Ends- For further information, please contact: Peter Bird Deputy Chairman and CEO, Asiamet Resources Limited Telephone: [phone] Email: [e-mail]   Tony Manini Executive Chairman, Asiamet Resources Limited Telephone: [phone] Email: [e-mail]   FlowComms Limited Sasha Sethi Telephone: [phone] Email: [e-mail]   Asiamet Resources Nominated Adviser RFC Ambrian Limited Andrew Thomson / Stephen Allen Telephone: [phone] Email: [e-mail] / [e-mail]   Optiva Securities Limited Christian Dennis Telephone: [phone] Email: [e-mail]   Â

ISIN:	BM04521V1038
Category Code:	MSCH
TIDM:	ARS
LEI Code:	213800PWJMT1NG28TA88
Sequence No.:	4776

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End of Announcement	EQS News Service

622195  25-Oct-2017