On December 3, 2015, Asiamet Resources Limited (the 'Company') filed a technical report titled 'Beruang Kanan Main Zone, Kalimantan Indonesia: 2015 Resource Estimate Report', prepared by Duncan Hackman of Hackman and Associates Pty. Ltd. effective and dated November 30, 2015.
Following a review of the Company's technical disclosure by the British Columbia Securities Commission ('BCSC'), the Company filed an amended technical report (the 'Amended Report') on January 29, 2016, to address the NI 43-101 deficiencies identified by the BCSC. The Amended Report, compliant with NI 43-101, is effective November 30, 2015 and signed January 28, 2016.
The Amended Report removed notices that limit its use or publication and disclaimers that are contrary to NI 43-101. The Amended Report now summarizes all material scientific and technical information in respect of the property rather than incorporating that information by reference to the appendices. Section 14 of the Amended Report explains the basis for selecting a 0.2% Cu base-case cut-off grade for the Amended Report's resource estimates. The Certificate of Qualified Person has been amended to specify the Amended Report's effective date, summarizes the author's qualifications and experience and provides the statements' required by NI 43-101.
ON BEHALF OF THE BOARD OF DIRECTORS
Tony Manini, Deputy Chairman and CEO
For further information please contact:
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Tony Manini
Deputy Chairman and CEO, Asiamet Resources Limited
Telephone: +61 3 8644 1300
Email: [email protected]
FlowComms Limited
Sasha Sethi/ Mehrdad Yousefi
Telephone: +44 (0) 7704 974784
Email: [email protected] / [email protected]
Asiamet Resources Nominated Adviser
RFC Ambrian Limited
Andrew Thomson / Oliver Morse
Telephone: +61 8 9480 2500
Email: [email protected] / [email protected]
VSA Capital Limited
Andrew Raca / Justin McKeegan
Telephone: +44 20 3005 5004 / +44 20 3005 5009
Email: [email protected]
Optiva Securities Limited
Christian Dennis
Telephone: +44 20 3137 1903
Email: [email protected]
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This news release contains forward-looking statements that are based on the Company's current expectations and estimates. Forward-looking statements are frequently characterized by words such as 'plan', 'expect', 'project', 'intend', 'believe', 'anticipate', 'estimate', 'suggest', 'indicate' and other similar words or statements that certain events or conditions 'may' or 'will' occur. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that could cause actual events or results to differ materially from estimated or anticipated events or results implied or expressed in such forward-looking statements. Such factors include, among others: the actual results of current exploration activities; conclusions of economic evaluations; changes in project parameters as plans continue to be refined; possible variations in ore grade or recovery rates; accidents, labour disputes and other risks of the mining industry; delays in obtaining governmental approvals or financing; and fluctuations in metal prices. There may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. Any forward-looking statement speaks only as of the date on which it is made and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events or results or otherwise. Forward-looking statements are not guarantees of future performance and accordingly undue reliance should not be put on such statements due to the inherent uncertainty therein.
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