AMR listed on the TSX Venture Exchange in April 2004 and was continued under the laws of the Province of British Columbia in December 2004.

 

Since becoming a TSX Venture Exchange listed entity in April 2004, the Company has focussed its efforts and cash resources on developing the massive sulphide nickel resource located on what is now identified as the Ban Phuc Project Area located 160 km west of Hanoi in Son La Province, in north-western Vietnam. The Area is so designated in an investment certificate issued to Ban Phuc Nickel Mines LLC in 2006 to conform with the revised law and replace the original foreign investment license granted in 1993. 

 

The mineralization in the Area includes disseminated low-grade Ni or Ni/Cu mineralization in basin-shaped cumulate layers and veins of high-grade massive sulphides in metasedimentary wall rocks adjacent to ultramafic intrusions, with locally developed low-grade disseminated Cu-Ni mineralization marginal to the massive sulphide veins. 

 

Ausenco International Pty. Ltd. prepared a Preliminary Assessment published in April 2005, followed by a Feasibility Study in 2005, both of which were NI43-101 compliant. The feasibility study supported the development of the massive sulphide resource by underground methods.

 

Following the issue of the mining license in December 2007, BPNM commenced development activities with the objective of achieving Project start-up in mid-2009. By September 2008 substantial progress had been made, and total expenditures had reached US$40 million.