REG - Asiamet Resources Ld - Regulatory Approval Received for KSK Transaction

Asiamet ResourcesAnnouncement

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RNS Number : 3871W  Asiamet Resources Limited  12 March 2026

12 March 2026

 

Asiamet Resources Limited

("Asiamet" or the "Company")

Chinese Regulatory Approval Received for Indokal (KSK) Transaction

As announced on 6 November 2025, Asiamet entered into a conditional agreement
for the sale of its interest in Indokal Limited, which owns a 100% indirect
interest in the KSK Project ("KSK") to Norin Mining (Hong Kong) Limited
("Norin Mining") (the "Transaction").

Further to the Company's announcement on 29 January 2026 confirming
shareholder approval of the Transaction, Asiamet is pleased to announce that
it has been informed by Norin Mining that the customary Chinese regulatory
approval required for the Transaction, being the approval from the State-owned
Assets Supervision and Administration Commission of the State Council
("SASAC"), has been obtained.

Completion of the Transaction remains subject to the satisfaction of the
remaining conditions, including relevant Indonesian regulatory processes, as
previously announced.

A further announcement will be made in due course, as appropriate.

Darryn McClelland, CEO of Asiamet, commented:

"This is an important step towards completion of the sale of Indokal and the
KSK project. Good progress continues to be made towards completion and we look
forward to providing further updates shortly."

 

ON BEHALF OF THE BOARD OF DIRECTORS

Darryn McClelland, Chief Executive Officer

 

-Ends-

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 (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

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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