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Asiamet Resources Limited Share News (ARS)
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Share Price Information for Asiamet Resources Limited (ARS)
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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: XPS Pensions revenue up; IG Design performing ahead
20 Oct 2022 - Asiamet makes progress on possible BKM power solution
20 Oct 2022 - IN BRIEF: Asiamet Resources interim loss widens on higher costs
17 Aug 2022 - UK shareholder meetings calendar - next 7 days
6 Jul 2022 - TRADING UPDATES: Aquila closes acquisition; Mila's "impressive" assays
29 Jun 2022 - Asiamet taps Darryn McClelland as its new chief executive
18 Mar 2022 - EXECUTIVE CHANGES: Polymetal adds 4 directors to replace 6 departures
18 Mar 2022 - TRADING UPDATES: Eden Research, Abingdon guide for weaker results
2 Mar 2022
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