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Asiamet Resources ( (GB:ARS) ) has provided an update.
Asiamet Resources Limited has officially commenced the debt financing process for its BKM Stage 1 Copper Project in Central Kalimantan, Indonesia. This follows the completion of an Optimised Feasibility Study and an Independent Technical Expert report, marking a significant milestone in the project’s development. The company has opened its project data room to potential lenders, initiating the due diligence process. This step underscores Asiamet’s commitment to advancing towards a final investment decision, while maintaining separate discussions for offtake and strategic partnerships. The announcement signals to stakeholders and potential partners that the BKM project is development-ready.
More about Asiamet Resources
Asiamet Resources Limited is a company operating in the mining industry, primarily focusing on copper projects. The company is engaged in the development of the BKM Copper Project located in Central Kalimantan, Indonesia, and is listed on the AIM market under the ticker ARS.
Average Trading Volume: 2,391,985
Technical Sentiment Signal: Hold
Current Market Cap: £25.3M
For an in-depth examination of ARS stock, go to TipRanks’ Stock Analysis page.