Asiamet assures market it's on track

Asiamet Resources responded to an unusual rise in its share price and trading volume on Thursday, saying all was progressing as expected.

Asiamet Resources Limited (DI)

0.59p

14:00 18/11/24

-5.60%

-0.04p

The AIM-traded company confirmed it remained on track to release the findings of a preliminary economic assessment on the Beruang Kanan Main Deposit, located within its 100% owned KSK Contract of Work in Kalimantan, Indonesia, on or close to the end of the first quarter, which was previously advices.

Its board also advised it was continuing to progress the conversion of its exploration licenses to production licenses for both the Beutong and Jelai projects with the Indonesian government, and remained in ordinary discussions with various parties in respect of its project portfolio.

At 1525 GMT, shares in Asiamet were up 8.87% to 3.74p.