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| Emerging Nickel Producer |
Asian Mineral Resources Limited (“AMR”) is an independent, international based exploration and mining company listed on the TSX Venture Exchange, under the symbol “ASN”. Through its 90% ownership of the Ban Phuc Nickel Mines Limited (“BPNML”), AMR is developing Vietnam’s only known nickel deposit which includes a 1.23 million tonne measured and indicated massive sulphide resource in addition to a large disseminated sulphide resource. AMR was granted the Ban Phuc Project Mining Licence in Dec 2007 and is targeting mine production to commence in early 2009. The remaining 10% is held by a company owned by the residents of Son La Province in which the property is located.
Project Highlights
- Mining Licence granted in December 2007
- Definitive Feasibility Study Nov 05, revised costs June 07
- Planned production of 200,000 tpa for 5 year initial mine life scheduled for late 08
- Avg 4,000 tpa Ni & 2,000 tpa Cu in concentrate
- 5,500 tpa Ni & 2,300 tpa Cu in early years
- Development scheduled for early 08
- Refurbishment of underground equipment completed
- Refurbishment of underground adits & stope definition of the orebody upper sections completed
- Steady build up of operational & managerial mine team continues
- Significant exploration upside
- Large disseminated sulphide resource with higher grade core adjacent to main deposit
- Numerous untested nickel sulphide & disseminated targets
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