Asiamet Resources (AIM:ARS) said the long stop date for the sale of Indokal to Norin Mining (Hong Kong) has been extended from 6 August to 7 September.
The AIM-listed company is disposing of Indokal, which holds a 100% interest in the KSK copper project in Indonesia, to Norin Mining under a Sale and Purchase Agreement.
Asiamet said the remaining Indonesian regulatory processes and completion workstreams continue to progress, and that it is working with the relevant Government of Indonesia authorities to move the deal toward completion.
Both parties remain committed to closing the transaction, the company said.
Asiamet said it will update shareholders further as appropriate.
News Intelligence what this means for the company
Asiamet Resources has extended the long-stop date for selling its Indokal subsidiary (which holds the KSK copper project in Indonesia) to Norin Mining by one month, to 7 September, citing ongoing Indonesian regulatory approvals. The delay signals continued progress toward completion but no material acceleration; both parties remain committed, though the company has provided no update on deal economics or revised timeline confidence.
The extension is procedural rather than substantive—it reflects regulatory friction in Indonesia, not a fundamental change to the deal's viability or terms. Shareholders should monitor whether further extensions emerge, as repeated delays could signal regulatory risk or weakening buyer commitment.
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