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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Asiamet Resources Limited | LSE:ARS | London | Ordinary Share | BM04521V1038 | COM SHS USD0.01 (DI) |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.90 | 0.85 | 0.95 | 0.925 | 0.90 | 0.925 | 71,887 | 11:00:10 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Miscellaneous Metal Ores,nec | 0 | -6.93M | -0.0027 | -3.33 | 23.35M |
TIDMARS
RNS Number : 3323W
Asiamet Resources Limited
17 August 2022
17 August 2022
2022 Interim Report & Financial Statements
Asiamet Resources Limited ("Asiamet" or the "Company") is pleased to present its unaudited financial statements for the 6 months ended 30 June 2022 ("Financial Statements") as extracted from the Company's 2022 Half Year Report which is now available on the Company website at www.asiametresources.com and will be provided to shareholders who have requested a printed or electronic copy.
The Financial Statements are set out below and should be read in conjunction with the 2022 Half Year Report which contains the notes to the Financial Statements.
All dollars in the report are US$ unless otherwise stated.
2022 Financial and Operational Highlights Include:
-- Appointment of Mr Darryn McClelland as a CEO.
-- BKZ Mineral Resource update following the completion of an 8,630 metre drilling program in early 2022 which saw a 50% increase in contained zinc and 75% uplift in contained copper.
-- Completion of the due diligence process with PT Delta Dunia Makmur Tbk. (DOID), covering all technical workstreams including a first phase diligence by an independent technical expert recommended by a financial institution. The Company remains in continued discussions with DOID in respect to consolidating a strategic partnership to advance the BKM Copper Project through to project financing and mine development.
ON BEHALF OF THE BOARD OF DIRECTORS
Antony (Tony) Manini, Chairman
For further information, please contact:
-Ends-
Tony Manini
Chairman, Asiamet Resources Limited
Email: tony.manini@ asiametresources .com
FlowComms Limited - Investor Relations
Sasha Sethi
Telephone: +44 (0) 7891 677 441
Email: Sasha@flowcomms.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
Optiva Securities Limited
Christian Dennis
Telephone: +44 20 3137 1903
Email: Christian.Dennis@optivasecurities.com
Follow us on twitter @AsiametTweets
This announcement contains inside information as stipulated under the Market Abuse Regulations (EU) no. 596/2014 ("MAR").
Interim condensed consolidated statement of financial position
As at
30-Jun 31-Dec 2022 2021 Unaudited Audited $'000 $'000 ------------------------------ --------------- ---------- Assets Current assets Cash 5,182 9,060 Receivables and other assets 27 33 5,209 9,093 Non-current assets Plant and equipment 46 60 Right-of-use assets 5 7 Receivables and other assets 68 71 --------------- ---------- 119 138 Total assets 5,328 9,231 ------------------------------- --------------- ---------- Liabilities and Equity Current liabilities Trade and other payables 820 537 Provisions 283 285 Lease liabilities 99 159 --------------- ---------- 1,202 981 Non-current liabilities Provisions 714 794 --------------- 1,916 1,775 --------------- ---------- Equity Share capital 19,393 19,393 Equity reserves 65,975 65,975 Other comprehensive income 49 49 Accumulated deficit (78,752) (74,708) Other reserves (3,246) (3,246) Parent entity interest 3,419 7,463 Non-controlling interest (7) (7) --------------- ---------- 3,412 7,456 --------------- ---------- Total liabilities and equity 5,328 9,231 ------------------------------- --------------- ----------
Note all references to $ are US dollars
Interim condensed consolidated statement of comprehensive loss (unaudited)
For the six months ended 30 June
2022 2021 $'000 $'000 =============================================== =========== =========== Expenses Exploration and evaluation (2,236) (1,003) Employee benefits (1,073) (912) Consultants (185) (41) Legal and Company Secretarial (64) (99) Accounting and audit (4) (1) General and administrative (153) (182) Depreciation (20) (20) Share-based compensation (104) (92) ----------- (3,839) (2,350) ----------- ----------- Other items Other gains - 122 Foreign exchange losses (54) (150) Finance costs (5) (10) Impairment expenses (146) (33) Other income 1 1 (204) (70) ----------- ----------- Net loss for the half year (4,043) (2,420) Net loss attributable to: Equity holders of the parent (3,937) (2,335) Non-controlling interests (106) (85) Total comprehensive loss attributable to: Equity holders of the parent (3,937) (2,335) Non-controlling interests (106) (85) Basic and diluted loss per common share (cents per share) (0.21) (0.15) Weighted average number of shares outstanding (thousands) 1,942,542 1,625,081 ------------------------------------------------ ----------- -----------
Interim condensed consolidated statement of cash flows (unaudited)
For the six months ended 30 June
2022 2021 $'000 $'000 ============================================= ========= ========= Operating activities Loss for the half year (4,043) (2,420) Adjustment for: Depreciation 20 20 Share-based compensation 104 92 Net foreign exchange gains (4) (18) Impairment expenses 146 33 Finance costs 5 10 Movements in provisions (80) (20) Changes in working capital: Receivables and other assets (145) (12) Trade and other payables 180 (194) Other adjustments: Interest payments (5) (10) Net cash flows used in operating activities (3,822) (2,519) --------- --------- Investing activities Purchases of plant and equipment (6) (5) Net cash flows used in investing activities (6) (5) --------- --------- Financing activities Payment of principal portion of lease liabilities (50) (75) Proceeds from equity raising - 14,089 Equity raising costs - (735) Net cash flows from/(used in) financing activities (50) 13,279 --------- --------- Increase/(decrease) in cash (3,878) 10,755 Cash at beginning of the year 9,060 1,186 Cash at 30 June 5,182 11,941 ---------------------------------------------- --------- ---------
Interim consolidated statement of changes in equity (unaudited)
For the six months ended 30 June 2022
Total equity Other attributable Non- Share Equity comprehensive Accumulated Other to the controlling capital reserves income deficit reserves parent interests Total $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 =============== ======== ========= ============== ============ ========= ============= ============ ========= Balance at 1 January 2022 19,393 65,975 49 (74,708) (3,246) 7,463 (7) 7,456 Loss for the half year - - - (3,937) - (3,937) (106) (4,043) -------- --------- -------------- ------------ --------- ------------- ------------ --------- Total comprehensive loss - - - (3,937) - (3,937) (106) (4,043) Transactions with owners in their capacity as owners Contribution by parent in NCI - - - (106) - (106) 106 - Balance at 30 June 2022 19,393 65,975 49 (78,752) (3,246) 3,419 (7) 3,412 ---------------- -------- --------- -------------- ------------ --------- ------------- ------------ ---------
Interim consolidated statement of changes in equity (unaudited)
For the six months ended 30 June 2021
Total equity Other attributable Non- Share Equity comprehensive Accumulated Other to the controlling capital reserves income deficit reserves parent interests Total $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 =============== ======== ========= ============== ============ ========= ============= ============ ========= Balance at 1 January 2021 14,752 56,661 83 (68,644) (3,246) (394) (7) (401) Loss for the half year - - - (2,335) - (2,335) (85) (2,420) -------- --------- -------------- ------------ --------- ------------- ------------ --------- Total comprehensive loss - - - (2,335) - (2,335) (85) (2,420) Transactions with owners in their capacity as owners Equity raising 4,574 9,516 - - - 14,090 - 14,090 Equity raising costs - (735) - - - (735) - (735) Contribution by parent in NCI - - - (85) - (85) 85 - Balance at 30 June 2021 19,326 65,442 83 (71,064) (3,246) 10,541 (7) 10,534 ---------------- -------- --------- -------------- ------------ --------- ------------- ------------ ---------
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END
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August 17, 2022 05:45 ET (09:45 GMT)
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