Asiamet Resources Limited ("Asiamet" or the "Company") in accordance with its continuous disclosure requirements provides the following update in relation to the binding Sale and Purchase Agreement ("SPA") signed and announced on 24 December 2020. Since the signing of the SPA, Asiamet has continued to work closely with PT WIN to progress preparations for the IPO of PT WIN on the Indonesian Stock Exchange in early 2021. However, the initial payment of US$2.5 million that was due and payable within 10 days of signing the SPA is yet to be received by the Company. Asiamet has been seeking formal clarification from PT WIN on the proposed timing for receipt of the initial payment and late (Melbourne AEST) received formal advice from PT WIN requesting consideration of amendments in relation to the payments schedule agreed under the SPA. Asiamet is carefully considering its position in relation to the proposed amendments and plans to formally respond to PT WIN once in a position to do so. Asiamet remains confident of completing this important transaction with PT WIN and will advise the market of any developments as soon as it is practically possible to do so. Should any material amendments be agreed by the parties in relation to the SPA terms, appropriate consideration to defer the shareholder meeting as announced on 30 December 2020 will be given following consultation with the regulatory authorities.