Asiamet Resources Ltd (LON:ARS) booked a net loss of just over US$7mln in the year to December 31, 2019.
The company closed out the year with US$418,000 in cash, a total that was subsequently boosted by a US$3.89mln placing completed in March.
During the year, the company continued to make progress with development work on its Indonesian copper projects.
This included the completion of bankable feasibility study on the BKM project, and subsequent work to further enhance the economics.