AIM : ARS
COPPER TO POWER ASIA'S ENERGY TRANSITION
BUILD READY PROJECT + EXCITING GROWTH PIPELINE
Perfectly timed to meet rising demand
Annual General Meeting
June 2023
FORWARD LOOKING STATEMENT
The information contained in this confidential document (the "Presentation") has been prepared by Asiamet Resources Limited (the "Company" or "Asiamet") solely for informational purposes.
Information contained herein does not purport to be complete and is subject to certain qualifications and assumptions and should not be relied upon for the purposes of making an investment in the securities or entering into any transaction. The information and opinions contained in the Presentation are provided as at the date of this Presentation and are subject to change without notice and, in furnishing the Presentation, the Company does not undertake or agree to any obligation to provide recipients with access to any additional information or to update or correct the Presentation.
Except as required by applicable law or regulation, none of the Company or any of its directors, officers, partners, employees, agents, affiliates, representatives or advisers undertakes or agrees any obligation to update or revise any forward-looking or other statement or information in this Presentation, whether as a result of new information, future developments or otherwise and the Company or any of its directors, officers, partners, employees, agents, affiliates, representatives or advisers or any other party undertakes or agrees or is under a duty to update this Presentation or to correct any inaccuracies in, or omissions from, any such information which may become apparent or to provide you with any additional information. No statement in this Presentation is intended as a profit forecast or profit estimate (unless otherwise stated).
To the fullest extent permitted by applicable law or regulation, no undertaking, representation or warranty or other assurance, express or implied, is made or given by or on behalf of the Company or any of its parent or subsidiary undertakings or the subsidiary undertakings of any such parent undertakings or any directors, officers, partners, employees, agents, affiliates, representatives or advisers, or any other person, as to the accuracy, sufficiency, completeness or fairness of the information, opinions or beliefs contained in this Presentation. Save in the case of fraud, no responsibility or liability is accepted by any person for any errors, omissions or inaccuracies in such information or opinions or for any loss, cost or damage suffered or incurred, howsoever arising, directly or indirectly, from any use of, as a result of the reliance on, or otherwise in connection with, this Presentation. In addition, no duty of care is owed by any such person to recipients of this Presentation or any other person in relation to the Presentation.
This presentation contains "forward-looking statements" including but not limited to, statements with respect to the Company's plans and operating performance, the estimation of Mineral Reserves and Mineral Resources, the timing and amount of estimated future production, costs of future production, future capital expenditures, and the success of exploration activities. Generally, these forward- looking statements can be identified by the use of forward-looking terminology such as "expects", "expected", "budgeted", "forecasts" and "anticipates". Forward- looking statements, while based on management's best estimates and assumptions, are subject to risks and uncertainties that may cause actual results to be materially different from those expressed or implied by such forward-looking statements, including but not limited to: risks related to the successful integration of acquisitions; risks related to international operations; risks related to general economic conditions and credit availability, actual results of current exploration activities, unanticipated reclamation expenses; changes in project parameters as plans continue to be refined; fluctuations in prices of metals including gold; fluctuations in foreign currency exchange rates, increases in market prices of mining consumables, possible variations in ore reserves, grade or recovery rates; failure of plant, equipment or processes to operate as anticipated; accidents, labour disputes, title disputes, claims and limitations on insurance coverage and other risks of the mining industry; delays in the completion of development or construction activities, changes in national and local government regulation of mining operations, tax rules and regulations, and political and economic developments in countries in which the Company operates.
Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements.
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COMPANY OVERVIEW
Quality Assets with the right metals at the right time
HIGH QUALITY | COMPELLING VALUE | PROVEN TEAM |
PORTFOLIO | BIG GROWTH | |
Rare portfolio of base and precious metal projects with district scale upside
BKM - Heap Leach SXEW copper cathode project FS updated - financing progressing
BKM - Significant Primary Copper Resource to exploit
BKZ - High grade Zn-Pb-Cu-Ag-Au deposit growth potential
Beutong - large copper gold porphyry deposit with 2.4Mt in JORC compliant resource.
JORC (2012) Resources contain 2.9Mt Cu, 2.1Moz gold, 22Moz silver, 101kt Zn, 40kt Lead (100% basis)
>US$80m exploration and evaluation expenditure
All deposits open in multiple directions - huge upside
Significantly undervalued on any valuation metric
Clear path to Copper
Cathode production.
Phased development of KSK
Beutong previous studies 25- 30ktpa starter project.
Internationally recognised team with proven track record of building and operating mines
+30 years Asian regional mine development and operations experience e.g. Sepon, Martabe, Nui Phao, Mt Muro
Supportive Major
Shareholder - PT Delta
Dunia Makmur
Management with a substantial holding in the Company
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CORPORATE PROFILE
Energy transition metals
Path to production
Indonesia - right place, right time
Direct presence in Indonesia Leadership invested 10% of share capital
SHARE PRICE
1.15p
Share price 09/06/23
MARKET
CAPITALISATION
£24.1m $31.5m
2,187.1 million shares on issue
CASH
US$5.18m
Million
No Corporate Debt
Cash (as at 31 Dec 2022)
MAJOR SHAREHOLDERS | |
Delta Dunia Makmur Tbk | 24.18% |
Asipac | 5.63% |
Board and Management | 4.46% |
Delta Dunia Makmur last reported 31/12/22 ASIPAC position as at 31/12/22
COPPER RESOURCES (JORC 2012) ATT. TO ASIAMET
- Mt Total
- Mt BKM
- Mt Beutong
*Board and Management excludes Director Bruce Sheng who has a beneficial ownership through his interest in Asipac Group
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COPPER IN THE GLOBAL CONTEXT
Growing mismatch between supply and demand
Forward outlook for copper is strong
Mine production moving into structural deficit
Energy transition significantly increases future copper consumption over and above base level demand
New copper supply must be incentivised to meet Energy transition targets.
40
30 Mined supply is forecast to peak in 2024, with sustained deficits beyond
2026
20
10
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1992 | 2002 | 2012 | 2022 | 2032 | |||
Base Case Production Capability | Highly Probable Projects# | ||||||
Possible Projects | Primary Demand | ||||||
Copper Demand Growth for the Energy Transition
Inflection point reached 2021 - The tipping point in take-up of EVs
Source: Various Company Research, UBS Research.
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Disclaimer
Asiamet Resources Ltd. published this content on 15 June 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 15 June 2023 08:57:05 UTC.