Asiamet Resources Limited AIM:ARS
- Incorporated
- Bermuda
- Chief executive
- Darryn McClelland
- Reports in
- USD
Read straight from the annual reports
0.3c at close on 5 Oct 2026 · 11 reported years, 2015–2025
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USD millions, negatives in brackets. Per-share lines in cents, share counts in millions. later is what a following report restated the figure to; vs is a second reading that disagrees. The figure shown is the one the original filing printed, and both readings are kept. Click any figure: opens the report page it was read from, highlighted; shows how it was calculated. The share price above is drawn to the same columns: each close sits over the financial year it fell in.
7 years, at a glance
C000106-AR-2025-website
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No current revenue; the Group is pre-production. Future revenue (post-BKM Stage 1 construction) would come from ~10ktpa LME Grade A copper cathode sales, life-of-mine revenue estimated at US$1.192 billion in the OFS base case
BKM Stage 1 Optimised Feasibility Study: annual copper cathode production of approximately 10k tonnes with a ~13 year mine life; life-of-mine revenues of US$1.192 billion
page 5BKM Stage 1 OFS low-cost profile: Life-of-Mine C1 costs of US$1.79/lb and AISC of US$2.37/lb, low strip ratio of 0.77:1
BKM Stage 1 Optimised Feasibility Study highlights
page 5Capital cost reduction of circa US$58 million versus the 2023 feasibility study, from relocating the heap leach facility and processing a smaller volume of ore at higher soluble copper grades (reduced output to 10-11ktpa from 17-18ktpa)
Strategic Report: capital cost estimate revision
page 12The copper market strengthened significantly during the year driven by supply constraints, energy transition and data centre related demand expectations... the medium to long term outlook for copper remains robust... With our portfolio of advanced stage copper assets in Indonesia, Asiamet is well placed to benefit from a sustained period of stronger copper prices.
page 8At a General Meeting held 29 January 2026, shareholders approved (99.98% of votes) the proposed sale of Indokal Limited (owner of the KSK Project/BKM Copper Project) to Norin Mining
page 27The Directors do not recommend the payment of a dividend for the year (2024: nil). Net proceeds from the proposed KSK disposal are intended to be substantially used to make a cash distribution to shareholders following completion, with the mechanism and quantum to be confirmed
page 25Financial statements prepared on a going concern basis, but a material uncertainty exists: the Group's ability to continue depends on either completing the planned KSK/Indokal disposal or raising further funding within 12 months of approval of the financial statements. The auditor (Crowe U.K. LLP, signed by John Glasby, 26 May 2026) gave an unmodified opinion that is not modified in respect of this matter, drawing attention to going concern note 2.2. The single Key Audit Matter identified was IFRS 5 considerations on the classification of the KSK/Indokal disposal group as held for sale and discontinued operations
page 71- Financing risk — reliant on equity markets to fund exploration/development as the Group generates no revenue; may not be able to raise funds on acceptable termsp.28
- Liquidity risk — risk of insufficient resources to meet obligations as they fall duep.28
- Exploration and development risk — no guarantee mineralisation converts to proven/probable reserves or that the BKM feasibility study/project financing achieves expected results; risks around property access, permitting, supply chain, construction and commissioningp.28
- Market risk — interest rate, foreign currency (unhedged USD/IDR/GBP/AUD exposure) and commodity price risk (unhedged copper/gold exposure)p.29
Read from C000106-AR-2025-website.
10 annual reports read, FY2016 to FY2025
Open a year to see what its report said. Every line in it carries the page it was read from.
Sources: Company website (10)
FY2026Next report expected 17 May 2027