REG - Asiamet Resources Ld - Appointment of Head of Corporate Finance

Asiamet ResourcesAnnouncement

26/11/2024 11:30

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RNS Number : 7143N  Asiamet Resources Limited  26 November 2024

26 November 2024

Management Changes and Appointment of Head of Corporate Finance

Asiamet Resources Limited ("Asiamet" or the "Company") is pleased to announce
the appointment of Mr Mudit Goenka as Head of Corporate Finance. With over a
decade in investment banking across Southeast Asia and Europe, Mudit brings a
wealth of experience in debt financing, mergers and acquisitions, capital
markets and strategic transactions.

Mudit most recently served as a Director of Southeast Asia Investment Banking
at Bank of America Merrill Lynch ("BAML") in Singapore advising clients on
complex debt financings and M&A transactions. During this time, he was
closely involved in a number of Indonesian company financing mandates.
Previous experience includes leadership roles within BAML's EMEA investment
banking division based in London.

Mudit's immediate focus will be driving a successful project financing
initiative for the Company's BKM copper development project and managing all
corporate finance and M&A-related activities for the Company.

Mudit holds an MBA from the European Institute of Business Administration
(INSEAD), France, and a Bachelor of Business Management from the Singapore
Management University.

James Deo, current Chief Development Officer and formerly Chief Financial
Officer will be leaving the Company at the end of this year to pursue new
opportunities. James has been an integral part of the Asiamet management team
since early 2018 and is supporting an orderly transition of duties to Mudit
over the next month.

Darryn McClelland, Chief Executive Officer, commented:

"We are now in the final stages of the engineering optimisation for the BKM
copper project and will be rapidly moving into an intensive project financing
phase. With updated capital and operating costs expected to deliver a robust
financial and economic outcome for the project, we are very pleased to have
secured the services of such a well credentialed corporate finance executive
as Mudit to drive the project financing for BKM. Mudit brings a wealth of
experience and relationships in debt financing and capital markets to the
Company and his recent South East Asian capital markets exposure will assist
in rapidly advancing the financing options available for the BKM project. We
welcome Mudit to the Company and look forward to working with him to deliver
this critical milestone for the Company.

I would also like to take the opportunity to thank James Deo for his
dedication and significant contribution to the Company over almost seven years
in the roles of CFO and CDO. James has worked tirelessly to get the Company to
this inflection point and we wish him all the best for his future endeavours".

 

ON BEHALF OF THE BOARD OF DIRECTORS

Darryn McClelland, Chief Executive Officer

For further information, please contact:

 

Darryn McClelland
Chief Executive Officer, Asiamet Resources Limited

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

 

Tony Manini
Executive Chairman, Asiamet Resources Limited

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

 

Investor Enquiries

Sasha Sethi

Telephone: +44 (0) 7891 677 441

Email: Sasha@flowcomms.com (mailto:Sasha@flowcomms.com) /
info@asiametresources.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)

 

Broker

Optiva Securities Limited
Christian Dennis

Telephone: +44 20 3137 1903

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

 

Follow us on twitter @AsiametTweets

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