REG - Asiamet Resources Ld - Appointment of Project Director for BKM

Asiamet ResourcesAnnouncement

11/08/2025 07:02

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RNS Number : 7683U  Asiamet Resources Limited  11 August 2025

11 August 2025

Asiamet Resources Limited

("Asiamet" or the "Company")

 

Appointment of Project Director for BKM Copper Project

 

Asiamet Resources Limited (AIM: ARS) is pleased to announce the appointment
of Mr. Peter Oliver as a non-Board Project Director for the BKM Stage 1
Copper Project in Central Kalimantan, Indonesia. Mr. Oliver has also been
appointed a Director of PT Kalimantan Surya Kencana ("KSK"), the Company's
Indonesian subsidiary for the KSK Contract of Work.

 

Mr. Oliver brings over 30 years of global project delivery experience, having
successfully led the planning and execution of major mining, energy, and
infrastructure projects across Indonesia, Australia, South America, and the
Pacific. This is a key appointment which demonstrates the Company's project
execution capability to potential financiers and strategic partners in the
transition from financing into construction at BKM Stage 1.

 

Mr. Oliver is recognised for building high-performance national teams,
maintaining a strong focus on safety and environmental compliance, and forging
lasting relationships with government and community stakeholders. His
leadership and technical expertise will be central to ensuring Asiamet's BKM
Stage 1 Copper Project is delivered in line with international best practice.

 

Extensive Major Project Experience

 

Mr. Oliver has held senior construction and leadership roles with companies
including BHP, Vena Energy, UPC Renewables, SMEC International, and PT Bukit
Makmur (BUMA). Prior to joining Asiamet, Peter was Operations Manager for
BUMA's infrastructure division, overseeing infrastructure delivery across
major mining and renewable energy projects in Indonesia. He has successfully
delivered numerous complex greenfield projects in remote, logistically
challenging environments (including Central Kalimantan), managing all phases
from concept through to mechanical completion.

 

Notable projects and roles include:

·      BHP Billiton Haju Coal Project, Central Kalimantan: Site
Construction Manager for the initial phase of the IndoMet coal basin
development, including port, haul road, and mine infrastructure in a remote
location.

·      Tolo 1 Wind Farm and Solar Portfolio, Indonesia: Construction
Director at Vena Energy, responsible for on time and budget delivery of
large-scale wind and solar project developments requiring extensive government
and community engagement.

·      Ravensthorpe Nickel Project, Australia: Senior roles overseeing
infrastructure packages valued at over AUD500 million, including tailings
dams, water pipelines, beneficiation plants and accommodation facilities.

·      BUMA (Infrastructure Division), Indonesia: oversight of
infrastructure projects for Bayan Resources, Adaro Metcoal, Ithaca Salim
Group, Vale Sumbawa and others.

 

 

 Strengthening Delivery Capability

 

Mr. Oliver will lead all aspects of the BKM Stage 1 project construction
readiness and actively support the current project financing and strategic
investor processes, including:

·    Finalising execution and logistics plans

·    Overseeing early works (e.g. limestone drilling)

·    Establishing construction contracts and contractor engagement

·    Preparing for mobilisation and the transition to full-scale
construction

 

Asiamet's Chairman, Tony Manini, commented:

 

"It would be difficult to find a better person than Peter to execute our mine
build in Kalimantan. His exceptional track record, and deep Indonesian project
delivery experience, makes him an ideal appointment for the BKM Stage 1 copper
project development. With the project financing and strategic partner
processes in full swing, it is positive step to see such strong in-country
project execution capability and leadership in place. We are delighted to have
Peter join us at this critical juncture."

 

Darryn McClelland, CEO of Asiamet, commented:

 

"Peter's appointment is a major step in our transition from study and
financing into execution. His experience aligns perfectly with the demands of
the BKM Stage 1 development, and his leadership will be crucial in ensuring a
smooth progression into construction once financing is secured."

 

**ENDS**

 

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
Chairman, Asiamet Resources Limited

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

 

Investor Enquiries

Sasha Sethi

Telephone: +44 7891 677 441

Email: sasha.sethi@asiametresources.com

Nominated 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

Shore Capital
Toby Gibbs / George Payne

Telephone: +44 20 7408 4050

 

Follow us on twitter @AsiametTweets

 

FORWARD-LOOKING STATEMENT

This announcement contains forward-looking statements that are based on the
Company's current expectations and estimates. Forward-looking statements are
frequently characterised by words such as "plan", "expect", "project",
"intend", "believe", "anticipate", "estimate", "suggest", "indicate" and other
similar words or statements that certain events or conditions "may" or "will"
occur. Such forward-looking statements involve known and unknown risks,
uncertainties and other factors that could cause actual events or results to
differ materially from estimated or anticipated events or results implied or
expressed in such forward-looking statements.   Such factors include, among
others: the actual results of current exploration activities; conclusions of
economic evaluations; changes in project parameters as plans continue to be
refined; possible variations in ore grade or recovery rates; accidents, labour
disputes and other risks of the mining industry; delays in obtaining
governmental approvals or financing; and fluctuations in metal prices.  There
may be other factors that cause actions, events or results not to be as
anticipated, estimated or intended.  Any forward-looking statement speaks
only as of the date on which it is made and, except as may be required by
applicable securities laws, the Company disclaims any intent or obligation to
update any forward-looking statement, whether as a result of new information,
future events or results or otherwise. Forward-looking statements are not
guarantees of future performance and accordingly undue reliance should not be
put on such statements due to the inherent uncertainty therein.

 

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