Asiamet Resources Ltd - London-based metal producer focused on the development of copper-gold deposits in Indonesia - BKM copper development project makes progress despite Covid-19 related challenges for the Central Kalimantan, Indonesia-based operation, such as staff sickness and travel restrictions. Drilling underway at BKM and BKZ resources, expects significant production growth and mine life upside, 3,000 metre programme completed thus far. Discussions with several European and Asian mining finance banks progress, and commercial partnerships on the horizon.
"With a strong focus on the health and wellbeing of our employees and contractors as our first priority, financing and development related activities are continuing at pace and closing in on a number of important project enabling milestones," said chair Tony Manini.
Current stock price: 2.36 pence, down 6.5% today
Year-to-date change: down 57%
By Josie O'Brien; josieobrien@alliancenews.com
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Asiamet Res (ARS)