Asiamet Resources (LON:ARS)

Asiamet Resources (LON:ARS)


Share Price
7.05 p
Change
0.1 (1.44 %)
Market Cap
£65.40 m
Proactive Investors - Run By Investors For Investors

Asiamet Resources

Asiamet Resources Limited is an AIM-listed dynamic junior company focused on the exploration and development of its portfolio of large copper-gold deposits on the Indonesian islands of Kalimantan and Sumatra, adjacent to the key growth markets in Asia. Both deposits contain NI-43-101 compliant Mineral Resources and remain open in several directions.

EPIC: ARS
Market: AIM:ARS
52-week High/Low: 13.00p / 3.48p
Sector: General Mining - Copper
Market Cap: £65.40 m
Website: www.asiametresources.com
col 3
col 4
col 5
col 6

Big Picture – A Deep Dive Examination of Asiamet Resources


Asiamet Resources Snapshot

Our Values

In carrying out our mineral exploration, development and mining activities we:

  • build long-term, trusting relationships with all of our stakeholders;
  • provide a fair and transparent work environment;
  • ensure the health and safety of our employees and contractors; and
  • act in an environmentally responsible manner.

Our main stakeholders include:

  • local communities,
  • employees, management and directors,
  • shareholders,
  • local and national governments,
  • joint venture partners,
  • contractors and suppliers, and
  • civil society organizations.

As part of our commitment to ensuring that local society benefits from our activities, we engage local people as employees, contractors and suppliers. We provide support and training to our employees, contractors and suppliers in order to achieve this goal, and we pay fair compensation for their services and products.

We respect local cultures and human rights.

Our social and community development programs are locally-driven, participatory and sustainable. We support programs that build local capacity and strengthen the quality of governance throughout society.

We follow good corporate governance and business practices. We conduct our activities with integrity pursuant to all applicable laws and regulations as well as our internal policies and our code of business conduct and ethics.

 

Our Vision

Our vision is to see our company discover and develop one or more significant mineral resources that will generate enormous wealth. This wealth will genuinely benefit all our stakeholders, including local communities, and will contribute to the development of a society in Kalimantan that is based on true human values.

 

Our Mission

Our mission is to discover, and bring into production, one or more large mineral resources in Kalimantan, Indonesia, while carrying out our activities in a manner that:

  • adheres to the highest standards of corporate good governance and best practice in all our activities and affairs;
  • respects and empowers local communities, and contributes to their sustainable development;
  • is environmentally responsible; and
  • fairly and equitably enriches all stakeholders.

PROJECTS

EXCITING PROJECTS ON THE INDONESIAN ISLANDS OF SUMATRA AND KALIMANTAN

KSK

KSK (100% owned) BKM Copper Deposit - 25ktpa cathode copper development at definitive feasibility stage with significant resource upside potential nearby. Low capex, low opex and likely readily financeab

Click here for more information 

Beutong

Beutong Porphyry Project (40% equity option to own 80%) – 30-80ktpa copper + 15-54Koz gold development option. Scoping stage. Large copper- gold Resource base (NI 43-101 compliant)

Click here for more information

BKZ

e Beruang Kanan Zinc (“BKZ”) Project is a high quality, polymetallic deposit situated within the south-eastern area of the Kalimantan Surya Kencana (‘KSK’) 6th Generation Contract of Work (“CoW”), less than 800 metres north of the BKM copper project.

click here for more information 

KSK OTHER REGIONAL TARGETS

The wider KSK district incorporates a number of targets in addition to BKM and BKZ.  These two projects are covered separately in our projects section.

EXECUTIVE MANAGEMENT TEAM

TONY MANINI

Tony Manini has over 25 years of global resource industry experience across a diverse range of commodities in over 20 countries. His experience includes 14 years with Rio Tinto Limited and 8 years with Oxiana Limited (now OZ Minerals Limited) covering various technical, commercial, senior management and executive roles in exploration, project evaluation, project development and business development.

As a founding member of the Oxiana Limited executive team he was responsible for establishing and managing the company's highly successful exploration and resources group and closely involved in the discovery and/or acquisition and development of Oxiana Limited/OZ Minerals Limited's four operating mines.

Mr Manini is a founder of Tigers Realm Minerals and Tigers Realm Coal and has been Managing Director of Tigers Realm Metals Pty Ltd since its inception. He is also Executive Chairman of Tigers Realm Coal Ltd.

Mr Manini holds an Honours Degree in Geology and is a Fellow of the Australian Institute of Mining and Metallurgy and the Society of Economic Geologists. Resident of Australia. Born 1963.

 

PETER BIRD

Peter Bird is an experienced, well known and highly respected mining industry executive. His extensive experience covers technical, management, investment and human resource positions with major companies such as Western Mining Corporation, Merrill Lynch Equities and Newmont Mining. He has held senior executive roles at Newcrest Mining and Normandy Mining, two of Australia's largest gold producers with substantial operations in Indonesia.

Peter was most recently the Managing Director of Heemskirk Consolidated Limited, an Australian listed producer of industrial minerals in Canada and previously operator of the Pajingo gold mine in Australia and the Los Santos tungsten mine in Spain.

Over the past three years he has led the feasibility, financing and development of an industrial minerals project in Canada. Mr. Bird has a Bachelor of Applied Science in Geology from LaTrobe University and is a member of the Australian Institute of Mining and Metallurgy and the Australian Institute of Company Directors. Born 1963.

JAMES DEO

James is a senior mining and resources industry executive whose broad experience covers roles in finance, commercial, strategy, investor relations, sales and marketing, business development and business improvement gained over two decades working for a number of global mining businesses in Australia and the developing economies of Asia, Africa and the Americas.

Most recently James has consulted to Australia's largest gold miner, Newcrest Mining, immediately prior to which he worked with OZ Minerals for 10 years in senior leadership positions including General Manager Commercial and Strategy, Head of Business Development, Head of Investor Relations, General Manager Sales and Marketing and General Manager Planning, Strategy and Development. He has held various senior finance and commercial roles with Oxiana Limited, BHP Billiton, Exxon Mobil and Rio Tinto. James holds a B.Bus(Acc) from Deakin University and is a member of the Institute of Chartered Accountants in Australia.

NON-EXECUTIVE DIRECTORS


PETER POLLARD

Peter Pollard is a consulting economic geologist with more than 20 years experience. He holds a PhD from James Cook University, Australia and is a Member of the Australasian Institute of Mining and Metallurgy and a Fellow of the Society of Economic Geologists. Dr Pollard has consulted widely on porphyry copper-gold and iron oxide copper-gold deposits. He has worked on some of the world's major porphyry copper-gold deposits including Grasberg (Indonesia), Escondida Norte (Chile) and Oyu Tolgoi (Mongolia). In addition, he has consulted on porphyry exploration programs in Australia, China, Indonesia, Iran, Kazakhstan, Mongolia, Peru, U.S.A. and Vietnam. Born 1952.


FALDI ISMAIL

Faldi Ismail has significant experience working as a corporate advisor specialising in the restructure and recapitalisation of a wide range of ASX-listed companies.Mr Ismail has many years of investment banking experience covering a wide range of sectors, with a specific focus on the resources sector. Mr Ismail is currently a director of several ASX-Listed companies. Until January 12, 2015 Mr Ismail was the Deputy Chairman and CEO of the Company. Resident of Australia. Born 1976.

DOMINIC HEATON

Dominic Heaton has over 27 years of global resource industry experience across a diverse range of commodities. For seven years from 2010, Mr Heaton was the inaugural Chief Executive Officer of Masan Resources and led the development and operations of the Nui Phao tungsten – polymetallic project in Vietnam. Earlier in his career, he served a variety of management roles at Aurora Gold, Oxiana, OZ Minerals and at MMG where he was General Manager of the 60,000tpa Sepon SX-EW copper project in Laos and as General Manager of Operations of Martabe gold mine in Indonesia.

Mr Heaton holds a Bachelor of Science from James Cook University, Townsville, Australia and a Post Graduate Diploma in Mineral Processing Technology from La Trobe University, Australia. He has also completed an Advanced Management Program with the Mt Eliza arm of the Melbourne Business School. Mr Heaton is a member of Australian Institute of Mining & Metallurgy and Australian Institute of Company Directors.



 

 

 

SHAREHOLDING 

Issued & Outstanding

938,025,259

Warrants

6,397,495

Options

39,350,000

Fully Diluted

983,772,754

 

SUBSTANTIAL HOLDERS 

JP Morgan Asset Management

8.27%

Asipac Group

4.57%

Board and Management

4.46%

Namarong Investments

3.87%

 

ASIAMET RESOURCES

Level 22
303 Collins Street
Melbourne
Victoria
Australia 3000
+44 (0) 203 011 2636
[email protected]

CORPORATE SECRETARY

Sam Quinn
Silvertree Partners LLP
Berkeley Square House
Berkeley Square
London
W1J 6BD
United Kingdom
silvertree-partners.com

Nominated Adviser
RFC Ambrian Limited

Level 28, QV1 Building
250 St Georges Terrace
Perth  WA  6000, Australia
Ph: +618 9480 2500

and
Level 14
19-31 Pitt Street
Sydney  NSW  2000
Australia

Broker
VSA Capital Limited

14 Austin Friars
London, EC2N 2HE
United Kingdom

Auditor and Reporting
Accountant
Ernst & Young LLP

Pacific Centre, PO Box 10101
700 West Georgia Street
Vancouver, British Columbia
Canada V7Y 1C7

Solicitors to the Company

In Canada
Axium Law Corporation

3350 - Four Bentall Centre
1055 Dunsmuir Street
Vancouver, British Columbia
Canada V7X 1L2

In the UK
Charles Russell LLP
8-10 New Fetter Lane
London EC4A 1RS
United Kingdom

In Indonesia (regarding Titles)
Hadiputranto, Hadinoto & Partners

Tower II, 21st Floor Sudirman Central Business District
Jl. Jendral Sudirman Kav 52-53 Jakarta 12190, Indonesia

In Bermuda
Mello Jones & Martin

Thistle House
4 Burnaby Street
Hamilton HM FX, Bermuda 

Share Registrars

In the UK
Computershare Investor Services Plc

The Pavilions
Bridgwater Road
Bristol BS99 7NH, United Kingdom

In Canada
Computershare

3rd Floor
510 Burrand Street
Vancouver, BC V6C 3B9, Canada

Columns Including ARS

VIEW ALL

Market Reports Including ARS

VIEW ALL
Video RSS

Videos

VIEW ALL VIDEOS

© Proactive Investors 2019

Proactive Investors Limited, trading as “Proactiveinvestors United Kingdom”, is Authorised and regulated by the Financial Conduct Authority.
Registered in England with Company Registration number 05639690. Group VAT registration number 872070825 FCA Registration number 559082. You can contact us here.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use