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Asiamet shares jump on provisional KSK deal

Shares in AIM-listed Asiamet jumped 71% on Thursday after the miner executed a heads of agreement to sell its Kalimantan Surya Kencana (KSK) contract of work in Indonesia – which includes the BKM copper project – to Singapore-based commodities trader Aeturnum Energy for US$163.4 million.

Asiamet shares jump on provisional KSK deal Asiamet shares jump on provisional KSK deal Asiamet shares jump on provisional KSK deal Asiamet shares jump on provisional KSK deal Asiamet shares jump on provisional KSK deal

Asiamet's BKM copper project is located in central Kalimantan, Indonesia

The provisional agreement, which is expected to form the basis of a binding SPA in about a month - COVID-related delays notwithstanding - will see Asiamet retain a 22.