REG - Asiamet Res Ltd - Board Changes

Asiamet ResourcesAnnouncement

22/09/2023 07:00

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RNS Number : 2894N  Asiamet Resources Limited  22 September 2023

22 September 2023

 

Asiamet Board Changes

 

Asiamet Resources Limited ('Asiamet' or 'the Company') is pleased to announce
the following changes to its Board of Directors:

·    Appointment of Mr Matthew Doube as a Non-Executive Director

·    Retirement of Non-Executive Director, Mr Faldi Ismail

Mr Doube is a highly experienced senior executive with an extensive background
in investment banking, corporate finance and strategy, including more than
fifteen years in the metals and mining sector.

Mr Doube is a representative of Asiamet's largest shareholder, PT Delta Dunia
Makmur Tkb. with responsibility for corporate finance strategy and
execution.  He has extensive experience and networks within the banks
covering the resources sector, particularly in Australasia.  This further
strengthens Asiamet's capability as the Company progresses the BKM copper
project.

Mr Doube was previously CFO for ASX listed Nusantara Resources Limited,
leading the advancement of the Awak Mas Gold project in Indonesia.

Mr Doube holds a Bachelor of Laws and Legal Practice and a Bachelor of
Commerce in Accounting and Finance from the Flinders University, South
Australia.

With the appointment of Mr Doube, Mr Ismail will retire from the Asiamet
Board. Mr Ismail has been a Non-Executive Director of Asiamet since 2015
before which he was the Deputy Chairman, CEO and Managing Director of
Asiamet's predecessor company, Kalimantan Gold Corporation. He has served as
member of the Board Audit Committee and the Remuneration and Nomination
Committee.

 

Tony Manini, Executive Chairman of Asiamet Resources Commented:

"We are pleased to have Matthew Doube join the Asiamet board as a
Non-Executive Director at this critically important time for the Company.
Matthew brings an extensive background in corporate finance and M&A
investment banking, together with a strong and current network across
Australasian banks and financial institutions. As the Company progresses its
flagship BKM copper project through financing and into development, Matthew's
appointment strengthens the Board's capacity to support and assist management
in these key areas of the business.

The Asiamet Board composition will continue to evolve as the Company
transitions from explorer to developer, and in turn, operator. As part of this
evolution and co-incident with the appointment of Matt Doube as a
Non-Executive Director, Mr Faldi Ismail has elected to retire from the Board
after 14 years of service. Faldi served as the Deputy Chairman, CEO and
Managing Director of Asiamet's predecessor company, Kalimantan Gold
Corporation from April 2011 to February 2015, and has been a Non-Executive
Director and Board Committee Member of Asiamet since 2015.

On behalf of the Company, we thank Faldi for his many years of service and
welcome Matthew to the Board. We look forward to his contribution to the
growth of the Company as we progress our first project through financing and
into production."

Further Information on Mr Doube's Appointment:

The following details in relation to the appointment of Matthew Doube are
disclosed in accordance with AIM Rule 17 and Schedule 2(g) of the AIM Rules.

Matthew Julian Doube (aged 41) has held the following directorships in the
past five years:

 Current Directorships / Partnerships  Directorships / Partnerships held within the past five years
 King Brown Capital Pte. Ltd.          OHRG Pte. Ltd.
 Infinity Kegs Pte. Ltd.               Mt Pleasant Joint Venture Pty Ltd
 HoDo Holdings Pty Ltd
 Malauden Pty Ltd

Mr Doube currently holds 52,385 Common Shares in the Company through Malauden
Pty Ltd, a company of which he is the sole beneficial owner.

There is no further information to be disclosed in relation to Matthew Doube's
appointment pursuant to AIM Rule 17 or Schedule Two, paragraph (g) (i)-(viii)
of the AIM Rules for Companies.

The information contained within this announcement is deemed by the Company to
constitute inside information as stipulated under the Market Abuse Regulation
(EU) No. 596/2014 as it forms part of United Kingdom domestic law by virtue of
the European Union (Withdrawal) Act 2018, as amended by virtue of the Market
Abuse (Amendment) (EU Exit) Regulations 2019.

 

ON BEHALF OF THE BOARD OF DIRECTORS

Tony Manini, Executive Chairman

 

-Ends-

 

For further information, please contact:

Tony Manini
Executive Chairman, Asiamet Resources Limited

Email: tony.manini@ (mailto:tony.manini@asiametresources.com) asiametresources
(mailto:tony.manini@asiametresources.com) .com
(mailto:tony.manini@asiametresources.com)

Darryn McClelland
CEO, Asiamet Resources Limited

Email: darryn.mcclelland (mailto:darryn.mcclelland@asiametresources.com) @
(mailto:darryn.mcclelland@asiametresources.com) asiametresources
(mailto:darryn.mcclelland@asiametresources.com) .com
(mailto:darryn.mcclelland@asiametresources.com)

FlowComms Limited

Sasha Sethi

Telephone: +44 (0) 7891 677 441

Email: Sasha@flowcomms.com (mailto:Sasha@flowcomms.com)

Nominated & Financial Adviser
Strand Hanson Limited

James Spinney / James Dance / Rob Patrick

Telephone: +44 20 7409 3494

Email: asiamet@strandhanson.co.uk (mailto:asiamet@strandhanson.co.uk)

Optiva Securities Limited
Christian Dennis

Telephone: +44 20 3137 1903

Email: Christian.Dennis@optivasecurities.com
(mailto:Christian.Dennis@optivasecurities.com)

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