Asiamet appoints financial adviser as part of BKM strategy

(Sharecast News) - Asiamet Resources announced the appointment of Grant Samuel as financial adviser on Friday, to lead its strategic investor engagement process for the BKM Stage 1 Copper Project in Central Kalimantan, Indonesia. The AIM-traded firm said the process aimed to identify qualified strategic partners who could contribute financial, technical, operational, or regional expertise to support the development of the project.

It would run alongside the ongoing due diligence process being undertaken by potential project finance lenders, forming a central pillar of Asiamet's broader financing strategy.

The company described Grant Samuel as a well-established advisory firm with a strong track record in the natural resources sector, having previously advised companies such as Tianqi Lithium, Stanmore Resources, and EMR Capital.

Asiamet said Grant Samuel's specialist knowledge of the Australian and Asian mining markets made it well placed to support the company at this stage of development.

"The appointment of Grant Samuel to lead our strategic investor engagement process leverages their industry network and strong track record of advising mining companies in the region, making them an ideal partner at this time," said chief executive officer Darryn McClelland.

"We are seeing encouraging levels of interest from groups aligned with our long-term vision.

"With both the strategic and lender engagement processes progressing in parallel, we are now focused on securing the right partnerships to support a successful BKM Stage 1 build and unlock the broader potential of the KSK portfolio."

At 1444 BST, shares in Asiamet Resources were up 2.5% at 1.03p.

Reporting by Josh White for Sharecast.com.