Emerging Nickel Producer

Effective November 3, 2008 operations at the Ban Phuc Nickel Project will be suspended, and placed on a care and maintenance basis. All expenditures will be reduced to preserve corporate functionality and existence until mid-2009 without additional cash infusion other than a substantial VAT refund. During this period AMR will revise the Ban Phuc Project model to reflect a later start-up date and other considerations. In addition the Company will continue with discussions with the Vietnamese government regarding a number of issues and with potential providers of the finance required for Project completion and other activities.

Collin Ellison, President and CEO of Asian Mineral Resources comments "While we are disappointed not to be in a position to proceed with Ban Phuc Project development and other activities as originally planned, we are in the fortunate position of having sufficient cash resources to implement the new strategy.  We have been impacted adversely by factors affecting mineral project development worldwide and also by issues specific to Vietnam that require resolution if we are to achieve our original objectives. We and our Vietnamese joint venture partner, Coxama, will be meeting shortly to discuss the implementation of the new strategy as it relates to the Ban Phuc Project."

 
LATEST NEWS

Asian Mineral Resources - Revised Corporate Strategy - Nov 3, 08

Asian Mineral Resources announced today that it has adopted a corporate and operating strategy whereby: Most of the activity being undertaken at the Company’s Ban Phuc Nickel Project, with the objective of a spring 2009 start-up, will be suspended.

Oct 1, 08 - Asian Mineral Resources - Typhoon Hagupit Impact on the Ban Phuc Project

Asian Mineral Resources announced today that its Ban Phuc nickel project located in the NW province of Son La, Vietnam was adversely impacted by heavy rains associated with the typhoon `Hagupit` during the period from 24th to 27th Sep 08.

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Events, Webcasts & Presentations
 
- AMR Annual Report 2007
- Asia Mining Congress, Singapore – April 10, 2008
- Fact Sheet – Feb 2008
- AMR Second Quarter 2008 Report
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