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Asian Mineral Resources Limited (“AMR”) is developing the Ban Phuc Nickel Project, located 160 km north-west of Hanoi in the Son La Province, which is 90% owned by its subsidiary Ban Phuc Nickel Mines LLC. The remaining 10% is held by AMR’s Vietnamese partner.

 

The Ban Phuc Nickel Project

 

As one of the few remaining high-grade, near-term nickel sulphide projects, The Ban Phuc Nickel Project represents a unique opportunity in the nickel sector. The project comprises a massive sulphide vein (“MSV”) with a simple floatation processing operation.

AMR is also developing a smelting operation at the Ban Phuc site, which will produce a high-grade nickel matte with a significant copper by-product. AMR has completed preliminary engineering studies which indicate attractive economics associated with a smelting operation. 

The development of the project is in its advanced stages, with underground and surface infrastructure near completion and production planned to occur in June 2013.

Ban Phuc is the only project of its kind in Vietnam and represents a unique platform to develop a significant nickel industry in Vietnam.

 

Projected Operations and Project Growth

 

Once producing, Ban Phuc will produce up to 6,400 tonnes of nickel and 3,200 copper per annum, at low cash costs.

The company has identified multiple opportunities to grow the project, including:

 

Blending of selected higher-grade portions of the disseminated sulphide deposit located adjacent to the MSV and accessible from the planned underground infrastructure;

 

Extension of the MSV at depth; and

 

Processing of identified satellite deposits which are located within easy trucking distance from the Ban Phuc processing complex.

 Commitment to Vietnam

 

AMR is committed to supporting the local community through its focus on local employment and procurement and a range of community projects, and to fostering a sustainable nickel industry in Vietnam through employing modern mining and processing technologies.

2013 News Release

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AMR announces resignation of CFO

Toronto, Ontario – February 24, 2014. Asian Mineral Resources Limited (“AMR”) (TSX-V: ASN) announced that Mr. John Tasovac had resigned from his position as Chief Financial Officer, effective 31 May 2014
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AMR appoints Chief Executive Officer
Toronto, Ontario – January 6, 2014. Asian Mineral Resources Limited (“AMR”) (TSX-V: ASN) is pleased to announce that Mr. Evan Spencer has today been appointed to the role of Chief Executive Officer
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AMR share compensation agreements and payment of directors' fees in option

Toronto, Ontario – October 24 2013. Asian Mineral Resources Limited (“AMR” or “Company”) (TSX-V: ASN) announces that in order to maximize the use of the Company’s cash it has entered into share compensation agreements...
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Asian Mineral Resources issuance of shares

Toronto, Ontario – October 7, 2013. Asian Mineral Resources Limited (“AMR”) (TSX-V: ASN) has today issued common shares (the “Shares”) to certain of its directors as compensation for directors’ fees in lieu of cash payment for services performed during the
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