Asiamet Resources Limited
Other OTCCapital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- CEO
- Darryn McClelland
- Full Time Employees
- 14
- Sector
- Basic Materials
- Industry
- Industrial Materials
- Address
- Gedung Graha Simatupang Jakarta Indonesia
- IPO Date
- Aug 3, 2012
- Website
- asiametresources.com
- Similar Companies
- Business
- Asiamet Resources Limited (AIM: ARS, OTC: KMGLF) is an emerging mid-tier exploration and development company focused on copper, copper-gold and polymetallic deposits in Indonesia. The company holds a 100% interest in the KSK Contract of Work in Central Kalimantan, encompassing the development-ready BKM copper project, a heap-leach solvent extraction-electrowinning operation with updated 2025 JORC-compliant Ore Reserves of 28.4Mt at 0.7% Cu containing 207kt copper; the adjacent BKZ polymetallic deposit with Inferred Resources including 1.68Mt at 6.0% Zn, 2.4% Pb, 45ppm Ag and 0.27ppm Au in the Upper Zone and 1.6Mt at 1.3% Cu and 17ppm Ag in the Lower Copper Zone; and a pipeline of 15 additional copper, gold and polymetallic exploration targets such as BKW, BKS, Beruang Tengah and Gold Ridge. Asiamet also owns an 80% interest in the Beutong IUP-OP copper-gold-molybdenum project on Sumatra, featuring JORC-compliant Resources of 409Mt at 0.48% Cu, 0.13ppm Au, 1.28ppm Ag and 120ppm Mo on a 100% basis. Operations target Asian growth markets from projects on Kalimantan and Sumatra. Incorporated in 1997 and headquartered in Jakarta, Indonesia, with a registered office in Hamilton, Bermuda, the company was formerly Kalimantan Gold Corporation Ltd. Recent developments include the May 2025 release of an optimised BKM Stage 1 Feasibility Study reducing pre-production capital to US$178.4 million from US$235.4 million, with a post-tax NPV8 of US$109.7 million, IRR of 17.3% and C1 cash cost of US$1.79/lb; a US$3.55 million fundraise in October 2024 via placement to PT BUMA Internasional Grup Tbk (increasing its stake) and management; appointment of Mudit Goenka as Head of Corporate Finance in November 2024 and Grant Samuel to lead strategic investor processes in July 2025; progression of project financing with five NDAs signed; and a conditional agreement announced November 2025 to sell its KSK interest to Norin Mining (Hong Kong) Limited for US$105 million gross cash consideration, subject to shareholder approval.
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Asiamet shares jump 10% as Chinese regulator clears KSK copper project sale
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Asiamet happy with first half progress at BKM
Asiamet Resources announced capex reductions at BKM Copper Project
Asiamet's new plans for BKM spark early rally
Asiamet Resources goes for staged development at BKM
Asiamet study slashes construction timeline for BKM project
Asiamet focused on BKM finance and permits
Is 'oversold' Asiamet a potential bid target? This broker thinks it might be
Is 'oversold' Asiamet a potential bid target? This broker thinks it might be
Asiamet recovers 'outstanding' surface samples at BKM licence
Asiamet recovers 'outstanding' surface samples at BKM licence