Regulatory Approval Received for KSK Transaction

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: [e-mail]

Tony Manini
Chairman, Asiamet Resources Limited
Email: [e-mail]

Investor Enquiries

Sasha Sethi

Telephone: [phone]

Email: [e-mail] / [e-mail]

Nominated & Financial Adviser
Strand Hanson Limited

James Spinney / James Dance / Rob Patrick

Telephone: [phone]

Email: [e-mail]

Broker

Shore Capital
Toby Gibbs / George Payne

Telephone: [phone]

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.

 

END