Asiamet Resources Limited said that PT Emas Mineral Murni (EMM), the developer of Beutong gold project in which Asiamet has 40% interest, has been granted the key production licence (IUP-OP). The permit paves the way for EMM to advance the Beutong Copper-Gold Project, located in Nagan Raya Regency, Aceh, to the development stage. The conversion of EMM’s IUP Exploration license to an IUP-OP license is a major step in advancing the Beutong project. It provides for an initial 20 years of licence tenure which may be extended twice, each for a period of 10 years, totaling 40 years.
