LONDON (Alliance News) - Asiamet Resources Ltd shares were trading higher on Wednesday morning after the company said it has identified a high-grade copper zone at the Beruang Kanan copper project in Indonesia.
The drilling undertaken at the site has identified a high trade copper zone within the current resource area which has the potential to significantly boost the project economics, the company said.
Follow-up drilling has now started in the immediate area of the high-grade intersections in order to increase the drill density and boost resource confidence.
Asiamet shares were up 24% on the news to 1.43 pence, one of the best performers in the AIM All-Share.
By Sam Unsted; samunsted@alliancenews.com; @SamUAtAlliance
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Asiamet Res (ARS)