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VSA published a note this morning, it's on Research Tree... Asiamet Resources (ARS) reports total expenses for the quarter ended March 31 of US$0.69m while raising post quarter end £1.5m (cUS$2.2m) to offset a working capital deficit carried into the current quarter of US$0.15m. In addition, a further US$0.98m has been received from the Indonesian government for refund of VAT. ARS published a robust PEA concerning developing the Beruang Kanan project to a producing copper mine during the quarter.
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