Asiamet confirms Beruang Kanan resource
Asiamet Resources filed a technical report on Tuesday that confirmed its Indonesian resource at the Beruang Kanan main zone contained 49.2m tonnes of 0.70% as previously announced.
Asiamet Resources Limited (DI)
0.83p
16:49 26/04/24
0.00%
0.00p
FTSE AIM All-Share
755.28
17:14 26/04/24
n/a
n/a
Mining
10,486.86
16:59 26/04/24
0.80%
83.12
It also noted there was an inferred resource of 17.7m tonnes of 0.6% copper.
These numbers are 207% above the firms October 2015 estimate.
Asiamet is primarily focussed on the exploration and development of large copper-gold deposits on the Indonesian islands of Kalimantan and Sumatra.
The announcement did very little to share prices, and as of 1540 BST were at 4.95p, same as opening.