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    5 May 2020


    2019 Annual Report & Financial Statements


    Asiamet Resources Limited ("Asiamet" or the "Company") is pleased to present its audited financial statements for the 12 months ended 31 December 2019 ("Financial Statements") as extracted from the Company's 2019 Annual 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 2019 Annual Report which contains the notes to the Financial Statements.


    All dollars in the report are US$ unless otherwise stated.

    2019 Financial and Operational Highlights Include:

    · Beutong Project Mineral Resource Statement updated to contain metal in Resource on a 100% basis of 2.43Mt (5.3BIb) copper, 2.11Moz gold and 20.9Moz silver (1.95Mt (4.3Blb) copper, 1.69Moz gold and 16.73Moz silver on an 80% attributable basis).

    · Environmental Permit and approval of the Indonesian Feasibility Study received for BKM.

    · Appointment of Feng (Bruce) Sheng as a Non-Executive Director.

    · Updated Mineral Resource and Maiden Ore Reserve Statements delivered for BKM reinforcing the integrity, size and scale of the BKM deposit and providing a solid foundation for our emerging mid-size BKM copper development project.

    · Completion of BKM Feasibility Study delivered a robust copper project with post tax NPV8of $124.8 million, life of mine revenue of $1.27 billion and EBITDA of $563.3 million.

    · MOU signed with China Nonferrous Metals for value engineering at BKM.

    · Commenced value enhancement activities for the BKM Feasibility Study.

    · Capital raisings totalling US$4.1 million (before capital raising costs) completed during the period.

    Key Subsequent Events Include:

    · A $3.89 million Placement completed in March 2020 with $3.11 million to Singaporecommodities trader and strategic investor, Aeturnum Energy Pte LTD to become a 19.9% shareholder in Asiamet with significant support from Asiamet Directors.

    Asiamet Res Ltd - 2019 Annual Report & Financial Statements #ARS @AsiametTweets https://www.voxmarkets.co.uk/rns/announcement/e1e458d8-98f5-4c80-9664-e7b5a6109d95 #voxmarkets undefined
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