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JAKARTA - Asiamet Resources Limited (AIM:ARS) has appointed financial advisory firm Grant Samuel to lead the strategic investor engagement process for its BKM Stage 1 Copper Project in Central Kalimantan, Indonesia, the company announced Friday.
The mining firm said the appointment is part of its financing strategy for the copper project development, with Grant Samuel tasked with identifying qualified partners who can provide financial, technical, operational and regional capabilities.
According to the company statement, the strategic partner search is running parallel to ongoing due diligence processes with potential project finance lenders.
Grant Samuel brings experience in the natural resources sector, having previously advised companies including Tianqi Lithium, Stanmore Resources, and Golden Energy & Resources across the Australian and Asian mining industries.
"We are seeing encouraging levels of interest from groups aligned with our long-term vision," said Darryn McClelland, Asiamet’s CEO, in the press release. "With both the strategic and lender engagement processes progressing in parallel, we are now focused on securing the right partnerships."
The BKM Copper Project represents a key development asset for Asiamet in Indonesia, with the company seeking to advance the project while exploring broader opportunities within its KSK portfolio.
Asiamet Resources is listed on London’s AIM market.
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