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2025 Annual Report & Financial Statements
Asiamet Resources Limited has released its audited 2025 annual report, highlighting significant progress on its BKM Copper Project with updated ore reserves of 28.3 million tonnes at 0.7% Cu, totaling 207,000 tonnes of contained copper. The Optimised Feasibility Study projects approximately 10,000 tonnes of copper cathode production annually over a 13-year mine life, with life-of-mine revenues of $1.192 billion and EBITDA of $612.2 million. The company also raised $5.6 million through share placements and is progressing the proposed sale of its KSK Project for $105 million. Financially, Asiamet reported cash of $3.4 million at year-end 2025, an increase from $2.3 million in 2024, while the net loss for the year was $4.87 million, an improvement from $5.46 million in the prior year. Disclaimer*
About this update from Asiamet Resources Limited
26 May 2026 2025 Annual Report & Financial Statements Asiamet Resources Limited ("Asiamet" or the "Company") is pleased to present its audited financial statements for the 12 months ended 31 December 2025 ("Financial Statements") as extracted from the Company's 2025 Annual Report which is now available on the Company website at www.asiametresources.com and will be provided to shareholders who have requested a printed or electronic copy. The Financial Statements are set out below and should be read in conjunction with the 2025 Annual Report which contains the notes to the Financial Statements. All dollars in the report are US$ unless otherwise stated. Key 2025 Financial and Operational Highlights Include: BKM Copper Project (Asiamet 100%) Updated Ore Reserve for BKM Stage 1 (see announcement dated 2 May 2025) Key Highlights · BKM Stage 1 Ore Reserves now comprise: o Proved Reserve Category: 15.0Mt @ 0.8% Cu for 117kt of contained copper o Probable Reserve Category: 13.3Mt @ 0.7% Cu for 90kt of contained copper o Total Ore Reserves: 28.3Mt @ 0.7% Cu for 207kt of contained copper · Strip ratio 0.8:1 · Mining/Processing Method: Ore Reserves reported based on extraction by open-pit mining with heap-leach and solvent extraction / electro-winning ("SX-EW") processing · Reserve Basis: Ore Reserves are constrained by BKM Stage 1 Optimised Feasibility Study 2025 heap leach facility design Completion of BKM Stage 1 Copper Project Optimised Feasibility Study ("OFS") (see announcement dated 7 May 2025) Key Highlights: · Annual copper cathode production of approximately 10k tonnes with a ~13 year mine life · Life-of-mine revenues of US$1.192 billion and EBITDA of US$612.2 million[1] · Initial capital cost of US$178.4 million, including US$11.1 million (7.6%) growth allowance and US$21.8 million (~13.9%) contingency · Post-tax NPV81 of US$122.4 million, post-tax IRR1 of 17.7%, and payback period of 4.5 years · Life-of-mine production of 124,022 tonnes of LME Grade A copper cathode · Low strip ratio of 0.77:1, Life-of-Mine C1 costs of US$1.79/lb and AISC of US$2.37/lb Corporate: · The Company successfully raised US$2....
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