Business
Regulatory Approval Received for KSK Transaction
Asiamet Resources Limited has received crucial Chinese regulatory approval from SASAC for the sale of its interest in Indokal Limited, which holds the KSK Project, to Norin Mining (Hong Kong) Limited. This marks a significant step towards completing the transaction, which was initially announced on November 6, 2025, and received shareholder approval on January 29, 2026. The completion of the sale is still contingent on satisfying remaining conditions, including Indonesian regulatory processes. Disclaimer*
About this update from Asiamet Resources Limited
12 March 2026 Asiamet Resources Limited ("Asiamet" or the "Company") Chinese Regulatory Approval Received for Indokal (KSK) Transaction As announced on 6 November 2025, Asiamet entered into a conditional agreement for the sale of its interest in Indokal Limited, which owns a 100% indirect interest in the KSK Project ("KSK") to Norin Mining (Hong Kong) Limited ("Norin Mining") (the "Transaction"). Further to the Company's announcement on 29 January 2026 confirming shareholder approval of the Transaction, Asiamet is pleased to announce that it has been informed by Norin Mining that the customary Chinese regulatory approval required for the Transaction, being the approval from the State-owned Assets Supervision and Administration Commission of the State Council ("SASAC"), has been obtained. Completion of the Transaction remains subject to the satisfaction of the remaining conditions, including relevant Indonesian regulatory processes, as previously announced. A further announcement will be made in due course, as appropriate. Darryn McClelland, CEO of Asiamet, commented: "This is an important step towards completion of the sale of Indokal and the KSK project. Good progress continues to be made towards completion and we look forward to providing further updates shortly." ON BEHALF OF THE BOARD OF DIRECTORS Darryn McClelland, Chief Executive Officer -Ends- For further information, please contact: Darryn McClelland Chief Executive Officer, Asiamet Resources Limited Email: [email protected] Tony Manini Chairman, Asiamet Resources Limited Email: [email protected] Investor Enquiries Sasha Sethi Telephone: +44 (0) 7891 677 441 Email: [email protected] / [email protected] Nominated & Financial Adviser Strand Hanson Limited James Spinney / James Dance / Rob Patrick Telephone: +44 20 7409 3494 Email: [email protected] Broker Shore Capital Toby Gibbs / George Payne Telephone: +44 20 7408 4050 Follow us on twitter @AsiametTweets FORWARD-LOOKING STATEMENT This announcement contains forward-looking statements that are based on the Company's current expectations and estimates. Forward-looking statements are frequently characterised by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate", "suggest", "indicate" and other ...
View stock analysis, news, and events for Asiamet Resources Limited