TIDMARS
RNS Number : 5580A
Asiamet Resources Limited
22 January 2020
22 January 2020
Asiamet Relocates Head Office and Corporate Function to Jakarta,
Indonesia
Asiamet wishes to advise that following on from a review of its
operations and the development path for the Company going forward,
it intends to relocate its corporate head office function from
Melbourne, Australia to Jakarta, Indonesia commencing
immediately.
While there are a number of drivers for the relocation, the
Asiamet Board considers that a significant increase in corporate
and project activities relating to ongoing funding and development
of the Company's asset portfolio, in particular the nearer term BKM
Copper Project, is best served by moving the Corporate head office
to Jakarta.
As part of this transition, CEO and Deputy Chairman Mr Peter
Bird will depart the Company effective Friday 31 January 2020.
Chief Financial Officer, Mr James Deo will continue to work with
Executive Chairman Tony Manini to transition the corporate
functions to Jakarta over the next 2-3 months and a recruitment
agency will be appointed to assist the Company with a search
process to fill senior operational management roles in Jakarta.
James will continue in his current role until the Jakarta
operational team is fully established and the transition of all
corporate functions and activities is complete.
The Asiamet in-country team remains highly focussed on advancing
the extensive processes required to secure the permits for further
drilling and BKM project construction, and these activities will
continue uninterrupted reporting directly to the Executive
Chairman. Intensive ongoing financing activities are being led by
the Executive Chairman, supported by the CFO and Board.
Executive Chairman Mr Tony Manini said "the Company is now in a
strong position as a result of the delivery of the BKM Feasibility
Study and the establishment of management systems and processes
that have been put in place by the Melbourne team to set the
Company up for its next stage of development. These are never easy
decisions but it is the Board's firm view that post completion of
the BKM studies phase, the major activities relating to permitting,
funding and project development are best managed from a Jakarta
headquarters. On behalf of the Board I would like to thank Peter
and his small team in Melbourne for their dedication and hard work
over the past few years and wish them well in their future
endeavours."
ON BEHALF OF THE BOARD OF DIRECTORS
Tony Manini, Executive Chairman
For further information, please contact:
-Ends-
Peter Bird
Deputy Chairman and CEO, Asiamet Resources Limited
Email: peter.bird@asiametresources.com
Tony Manini
Executive Chairman, Asiamet Resources Limited
Email: tony.manini@asiametresources.com
FlowComms Limited
Sasha Sethi
Telephone: +44 (0) 7891 677 441
Email: Sasha@flowcomms.com
Blytheweigh Communications Limited
Tim Blythe/Megan Ray
Telephone: +44 (0)20 7138 3204
Email: Tim.Blythe@blytheweigh.com /
Megan.Ray@blytheweigh.com
Asiamet Resources Nominated Adviser
RFC Ambrian Limited
Bhavesh Patel / Stephen Allen
Telephone: +44 (0)20 3440 6800
Email: Bhavesh.Patel@rfcambrian.com /
Stephen.Allen@rfcambrian.com
Berenberg
Matthew Armitt, Detlir Elezi
Telephone: +44 20 3207 7800
Email: Matthew.Armitt@berenberg.com /
Detlir.Elezi@berenberg.com
Liberum
Clayton Bush, Kane Collings
Telephone: +44 20 3100 2000
Email: clayton.bush@Liberum.com
Optiva Securities Limited
Christian Dennis
Telephone: +44 20 3137 1903
Email: Christian.Dennis@optivasecurities.com
Follow us on twitter @AsiametTweets
FORWARD-LOOKING STATEMENT
This news release 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.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
UPDEAKFAAAEEEEA
(END) Dow Jones Newswires
January 22, 2020 02:00 ET (07:00 GMT)
Grafico Azioni Asiamet Resources (LSE:ARS)
Storico
Da Mar 2024 a Apr 2024
Grafico Azioni Asiamet Resources (LSE:ARS)
Storico
Da Apr 2023 a Apr 2024
