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Asiamet Resources ( (GB:ARS) ) has issued an announcement.
Asiamet Resources Limited has announced a reduction of US$58 million in the capital cost estimate for its BKM Copper Project, setting the stage for project financing discussions in 2025. This reduction is achieved through strategic project reshaping, including the relocation of facilities and improved site design, which enhance cost efficiency and reduce risks. The updated feasibility study, due in early 2025, will guide financing discussions, as the company advances towards becoming a significant player in the copper industry.
More about Asiamet Resources
Asiamet Resources Limited is a company operating in the mining industry, primarily focused on developing copper projects. Its key project is the BKM Copper Project located in Central Kalimantan, Indonesia. The company aims to position itself as a cost-competitive, mid-tier copper producer amidst strong global demand for copper linked to energy transition and electrification trends.
YTD Price Performance: -3.23%
Average Trading Volume: 2,310,546
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £22.32M
See more data about ARS stock on TipRanks’ Stock Analysis page.
