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Asiamet Resources Limited Share News (ARS)
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Share Price Information for Asiamet Resources Limited (ARS)
Last checked at -
Last checked at 
Intraday Asiamet Resources Limited Share Chart
Asiamet narrows losses as costs decrease
Asiamet reported a loss of $4.2m for the six months ended 30 June, a 32% reduction year-on-year driven by a 27.5% drop in total expenses to $4.2m.
While the AIM-listed group remained debt-free, closing cash tumbled 82% to $460,000.
From an operations standpoint, Asiamet completed a feasibility study on its BKM copper project in Central Kalimantan, as well as updated JORC ore reserve and mineral resource estimates for the site.
And already in the second half of the year, Asiamet had inked a memorandum of understanding with China NFC for value engineering and engineering, procurement and construction management services for BKM.
As of 1040 BST, Asiamet shares had slumped 7.41% to 3.31p.
Latest ARS News
- TRADING UPDATES: Baron Oil surrenders licence; DG Innovate proposes JV
28 Mar 2024 - TRADING UPDATES: Empire Metals targets key milestones in Australia
27 Mar 2024 - TRADING UPDATES: Alpha Real Trust says in "robust" financial shape
1 Mar 2024 - London close: Stocks slip as US jobless claims top expectations
28 Dec 2023 - Asiamet Resources reports progress at BKM copper project
28 Dec 2023 - Asiamet Resources makes "significant progress" in BKM copper project
28 Dec 2023 - IN BRIEF: Asiamet Resources gets GBP3.3 million financing for project
15 Nov 2023 - TRADING UPDATES: Versarien "pleased"; D4t4 first-half revenue rises
30 Oct 2023
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