BUILDING A NEW ASIAN COPPER MINING BUSINESS

ANNUAL GENERAL MEETING - JULY 2022

Forward Looking Statement

The information contained in this confidential document (the "Presentation") has been prepared by Asiamet Resources Limited (the "Company" or "Asiamet") solely for informational purposes.

Information contained herein does not purport to be complete and is subject to certain qualifications and assumptions and should not be relied upon for the purposes of making an investment in the securities or entering into any transaction. The information and opinions contained in the Presentation are provided as at the date of this Presentation and are subject to change without notice and, in furnishing the Presentation, the Company does not undertake or agree to any obligation to provide recipients with access to any additional information or to update or correct the Presentation.

Except as required by applicable law or regulation, none of the Company or any of its directors, officers, partners, employees, agents, affiliates, representatives or advisers undertakes or agrees any obligation to update or revise any forward-looking or other statement or information in this Presentation, whether as a result of new information, future developments or otherwise and the Company or any of its directors, officers, partners, employees, agents, affiliates, representatives or advisers or any other party undertakes or agrees or is under a duty to update this Presentation or to correct any inaccuracies in, or omissions from, any such information which may become apparent or to provide you with any additional information. No statement in this Presentation is intended as a profit forecast or profit estimate (unless otherwise stated).

To the fullest extent permitted by applicable law or regulation, no undertaking, representation or warranty or other assurance, express or implied, is made or given by or on behalf of the Company or any of its parent or subsidiary undertakings or the subsidiary undertakings of any such parent undertakings or any directors, officers, partners, employees, agents, affiliates, representatives or advisers, or any other person, as to the accuracy, sufficiency, completeness or fairness of the information, opinions or beliefs contained in this Presentation. Save in the case of fraud, no responsibility or liability is accepted by any person for any errors, omissions or inaccuracies in such information or opinions or for any loss, cost or damage suffered or incurred, howsoever arising, directly or indirectly, from any use of, as a result of the reliance on, or otherwise in connection with, this Presentation. In addition, no duty of care is owed by any such person to recipients of this Presentation or any other person in relation to the Presentation.

This presentation contains "forward-looking statements" including but not limited to, statements with respect to the Company's plans and operating performance, the estimation of Mineral Reserves and Mineral Resources, the timing and amount of estimated future production, costs of future production, future capital expenditures, and the success of exploration activities. Generally, these forward-looking statements can be identified by the use of forward-looking terminology such as "expects", "expected", "budgeted", "forecasts" and "anticipates". Forward-looking statements, while based on management's best estimates and assumptions, are subject to risks and uncertainties that may cause actual results to be materially different from those expressed or implied by such forward-looking statements, including but not limited to: risks related to the successful integration of acquisitions; risks related to international operations; risks related to general economic conditions and credit availability, actual results of current exploration activities, unanticipated reclamation expenses; changes in project parameters as plans continue to be refined; fluctuations in prices of metals including gold; fluctuations in foreign currency exchange rates, increases in market prices of mining consumables, possible variations in ore reserves, grade or recovery rates; failure of plant, equipment or processes to operate as anticipated; accidents, labour disputes, title disputes, claims and limitations on insurance coverage and other risks of the mining industry; delays in the completion of development or construction activities, changes in national and local government regulation of mining operations, tax rules and regulations, and political and economic developments in countries in which the Company operates.

Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements.

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Company Overview

Asiamet Resources Limited (AIM:ARS) is focused on the development and growth of its high quality portfolio of copper projects in Indonesia

HIGH QUALITY

COMPELLING VALUE

PROVEN TEAM

PORTFOLIO

BIG GROWTH

  • Rare portfolio of base and precious metal projects with district scale upside
  • BKM Copper Mine FS with solid economics - Mine Development 2023
  • BKZ - Growing High grade Zn-Pb-Cu-Ag-Au deposit
  • Beutong - large copper gold porphyry deposit
  • JORC Resources contain 2.8Mt Cu, 2.1Moz gold, 22Moz silver, 60Kt Zn, 26Kt Lead (100% basis)
  • >US$80m exploration and evaluation expenditure
  • All deposits open in multiple directions - huge upside
  • Significantly undervalued on any valuation metric
  • Internationally recognised team with proven track record of building and operating mines
  • +30 years Asian regional mine development and operations experience e.g. Sepon, Martabe, Nui Phao, Mt Muro
  • Focussed on value delivery
  • Management with substantial hard $ invested in Company

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2021-22 Achievements

2021

  • Approval of the key environmental permit (AMDAL) for the BKM Project
  • Completed capital raising for gross proceeds of approximately $14.0 million in February 2021
  • Key appointments to board (Eva Armila Djauhari as NED) and management (Andrew Neale GM BKM Project)
  • Completed value engineering works for BKM focussed on processing options, power and transport-logistics.
  • Attracted a new major shareholder to the business - PT Delta Dunia Makmur Tbk
  • Entered into a Heads of Agreement with PT Delta Dunia Makmur Tbk. to earn up to 51% interest in the KSK CoW by contributing up to $50 million towards the development of the BKM copper mine
  • Commenced drilling to grow resource and explore the mineralised footprint of proposed BKM copper mine

2022

  • Exceptional drill results and Resource upgrade - BKZ +75% lift in contained copper, +50% in contained Zn
  • Strong upside from supported exploration growth targets identified incl. 100-220Koz gold, 10- 20moz silver
  • Darryn McClelland appointed as CEO
  • Appointed NewPro and various workstream consultants for 2019 FS update. In progress.
  • Engaged potential lead bank for debt finance - bank recommended Independent technical expert (ITE) has

completed its phase 1 technical due diligence on the BKM copper project

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DOID - Due Diligence and ITE Process

  • Initial Due Diligence on project completed by DOID's independent consultants
  • International Bank engaged to advise on debt finance requirements
  • As part of the initial financing step a bank preferred Independent Technical Expert (ITE) was appointed to review the BKM Project 2019 FS

ITE workstreams

  • Geology and Resources
  • Hydrology and Hydrogeology
  • Geotechnical
  • Mine planning
  • Mineral Processing
  • Environmental
  • Project Implementation

Status

  • Final report was delivered with no red flags or fatal flaws - however some technical workstreams require additional inputs and updates which are being addressed by NewPro as part of the 2019 feasibility study update
  • Asiamet and DOID now working together to finalise funding requirements, timelines for deployment of capital and next steps with respect to project financing and execution plans

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Disclaimer

Asiamet Resources Ltd. published this content on 13 July 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 18 July 2022 08:53:04 UTC.