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As of 4:30 PM 06/22/15 All times are local (Market data is delayed by at least 15 minutes).

asiamet resources ltd (KMGLF) Snapshot

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asiamet resources ltd (KMGLF) Details

Asiamet Resources Limited primarily engages in the exploration of copper and gold prospects in Kalimantan and Sumatra, Indonesia. It also explores for silver and molybdenum. The company holds interest in the Jelai gold project, which includes low-sulfidation epithermal gold-silver mineralization in east Kalimantan; and the KSK copper project in central Kalimantan. It also owns interest in the Beutong project, a copper-gold-molybdenum resource located in Aceh, Indonesia. The company was formerly known as Kalimantan Gold Corporation Limited and changed its name to Asiamet Resources Limited in July 2015. Asiamet Resources Limited is based in White Rock, Canada.

asiamet resources ltd (KMGLF) Top Compensated Officers

Corporate Secretary
Total Annual Compensation: --
Vice President of Indonesia
Total Annual Compensation: C$124.9K
Compensation as of Fiscal Year 2014.

asiamet resources ltd (KMGLF) Key Developments

Asiamet Resources Limited Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015

Asiamet Resources Limited reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company has posted loss attributable to equity holders of the parent of $804,897 against $55,843 a year ago. For the six months, the company has posted loss attributable to equity holders of the parent of $5,361,053 against $234,495 a year ago. Of this loss, $3,866,813 was as a result of impairment on the acquisition of the Beutong copper-gold project in Indonesia. Basic and diluted loss per common share was $0.01. Net cash used in operating activities was $1,477,661 against $398,635 a year ago. Acquisition of exploration and evaluation assets was $56,918. Purchase of equipment was $1,102.

Asiamet Resources Limited to Report First Half, 2015 Results on Aug 28, 2015

Asiamet Resources Limited announced that they will report first half, 2015 results on Aug 28, 2015

Asiamet Resources Limited Identifies High Grade Copper Zone on its Beruang Kanan Copper Project in Central Kalimantan, Indonesia

Asiamet Resources Limited announced that recent drilling as part of the Resource evaluation program in progress on its Beruang Kanan copper project in Central Kalimantan, Indonesia has identified a high grade copper zone within the current resource envelope that has the potential to significantly enhance project economics. Hole BKM31850-02 (69.6m end of hole (‘EOH’)) on section line 31850 intersected very shallow high grade copper mineralization similar to that reported approximately 125m south in hole BK058 i.e. 64.9m at 1.24% Cu, including 9 meters at 7.35% Cu, from 11.7 meters. Follow up drilling is now underway in the immediate area of these intersections to increase drill density and improve resource confidence. The high grade, shallow copper mineralisation with limited overburden waste outlined on section lines BKM31850 and BKM31750 provides the opportunity to enhance project economics through the potential development of a very low strip ratio, high grade starter pit early in the project life. In total, 53 holes and 4,424.5 meters of the planned 80 hole/6,500 meter resource evaluation drilling program have been completed and three holes are currently in progress. Drilling is complete on section lines BKM31550, 31650, 31750, 31950, 32050, 32200 and 32450, and drilling is in progress on section lines BKM31800, 31850, 32150 and 32350. Final assay results were received for an additional 1444.6 meters in twenty drill holes aimed at increasing confidence and expanding the BKM Resource. All holes drilled to date on section line BKM32550 intersected copper mineralization. Significantly, the continuity of strong near-surface mineralization previously reported in historical drill holes BK02 (93m @ 0.75% Cu, including 24m @ 0.92% Cu and 15m @ 1.73% Cu) and BK03 (79m @ 0.89% Cu, including 22m @ 1.25% Cu and 39m @ 0.99% Cu) has been confirmed in drill holes BKM32550-03 (125.8m end of hole (‘EOH’)) and BKM32550-04, drilled 100m and 200m east of the BK02 and BK03 collars, respectively. Drill hole BKM32550-03 reported a wide interval of copper mineralization in two individual intersections and drill hole BKM32550-04 (125.3m EOH) reported three individual intersections of moderate to high grade copper mineralization. Assay results received for drill holes on section lines BKM32550 and BKM31850 confirm the moderate to high grade copper mineralization previously outlined in wide spaced drilling. As drilling rates have exceeded expectations, all of the planned BKM infill and expansion drilling planned for 2015 is expected to be completed by mid-September, almost two months ahead of schedule. Rather than a two stage Resource estimate update as originally planned, all results will now be incorporated into a single update which is expected to be completed in late September or early October. Scout drilling of the BKS, BKW and BKZ targets will be undertaken with a single drill rig during September.


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