Asiamet Res Share News (ARS)

IN BRIEF: Asiamet hails "outstanding" high grade copper sample results

Asiamet Resources Ltd - London-based mineral exploration company focused on copper, gold and polymetallic assets in Indonesia - Collects two samples from surface in the central area of the BKM deposit in Central Kalimantan, Indonesia, which assayed 24.0% and 23.3% of copper. Says these high-grade results are consistent with previous surface sampling and reinforce the upside potential of both the BKM and BKZ deposits. Chief Executive Officer Darryn McClelland says: "The recent due diligence site visits have been very positive with good feedback received from all groups. The assay results from these grab samples are outstanding and, specifically for BKM, provide encouragement for the company in the fact that samples of this grade are found at surface. Our current mine plan targets mining of high grade starter pits from the BKM resource delivering high grade feed early in the life of the project allowing strong ramp up of copper production."

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(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:

TRADING UPDATES: Empire Metals targets key milestones in Australia

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News:

TRADING UPDATES: Alpha Real Trust says in "robust" financial shape

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Friday and not separately reported by Alliance News:

London close: Stocks slip as US jobless claims top expectations

(Sharecast News) - London's stock markets experienced a modest decline on Thursday, as the day unfolded with a pronounced lack of significant market-moving developments.

Asiamet Resources reports progress at BKM copper project

(Sharecast News) - Asiamet Resources updated the market on its feasibility-stage BKM copper project in Central Kalimantan, Indonesia on Thursday.

Asiamet Resources makes "significant progress" in BKM copper project

(Alliance News) - Asiamet Resources Ltd on Thursday said it had made significant financial and engineering progress regarding its feasibility stage BKM copper project in Central Kalimantan, Indonesia.

IN BRIEF: Asiamet Resources gets GBP3.3 million financing for project

Asiamet Resources Ltd - focused on copper, gold and polymetallic assets in Indonesia - Notes USD4 million non-brokered private placement to PT Delta Dunia Makmur Tbk through the issue of 366.9 million new shares at an issue price of 0.9 pence per share. This includes Asiamet Chief Executive Officer Darryn McClelland subscribing for 4.0 million new shares on the same terms. Net proceeds of the placement and subscription will be used to advance the Beruang Kanan Main copper project in central Kalimantan, Indonesia. Following the completion of the placement, PT Delta Dunia Makmur will have around a 35% stake in Asiamet.

TRADING UPDATES: Versarien "pleased"; D4t4 first-half revenue rises

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News:

Asiamet makes solid progress on BKM copper project

(Sharecast News) - Asiamet Resources updated the market on the BKM copper project in Central Kalimantan, Indonesia, on Friday, reporting robust advancements in multiple work streams related to its development.

Asiamet Resources shares rise on progress at BKM copper project

(Alliance News) - Asiamet Resources Ltd on Friday updated shareholders on the latest progress at the BKM copper project in central Kalimantan, Indonesia, having made positive steps towards financing the project.

IN BRIEF: Asiamet Resources loss narrows as expenses decrease 24%

Asiamet Resources Ltd - Jakarta, Indonesia-based mining company - Reports net loss for the year to June 30 totalled GBP3.0 million narrowed from GBP4.0 million, the year prior. Expenses fell to GBP2.9 million from GBP3.8 million before, a 24% drop. Basic and diluted loss per share were 0.15 pence compared to 0.21p. Cash at the period end was GBP2.3 million, more than halved from GBP5.2 million.

Asiamet Resources makes progress with financing opportunities

(Alliance News) - Asiamet Resources Ltd on Tuesday said it is making "considerable" progress in its project financing workstreams to develop its BKM copper mine project in Indonesia.

Asiamet eyes BKM finance package following positive study results

(Alliance News) - Asiamet Resources Ltd on Monday said it will focus on securing a debt and equity finance package to develop its Beruang Kanan Main copper project following positive results from a recent feasibility study.

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