Company

 

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.