TORONTO, ONTARIO--(Marketwired - July 2, 2013) - Asian Mineral Resources Limited ("AMR") (TSX VENTURE:ASN) is pleased to announce first production from its Ban Phuc Nickel Project.
Strong attendance at the opening ceremony, which took place on June 29, 2013, by officials from both central and provincial government, as well as the local community, is indicative of the continued broad support for the project within Vietnam. Both Mr. Nguyen Linh Ngoc, Vice Minister of the Ministry of Natural Resources and Environment, and Mr. Cam Ngoc Minh, Chairman of the People's Committee of Son La Province, speaking at the opening ceremony, noted in particular the significance of the opening of the first nickel mine in Vietnam and the importance of the continued development of the nickel industry for the province and Vietnam's economy.
Pictures of the event are available on the website of AMR at www.asianminres.com.
Operations at the underground mine re-commenced on May 10, 2013 and, with the commissioning of the processing plant, production will ramp-up over the coming months to a run-rate of over 6,600 tpa nickel, 3,300 tpa copper, and 200 tpa cobalt contained in concentrate.
Mr. Simon Booth, CEO of AMR, stated: "The commencement of concentrate production from the Ban Phuc Nickel Project is a significant milestone for AMR and elevates the company to producer status. The efforts of our dedicated workforce and the ongoing support of the central and local government of Vietnam have been key to the success of the project. What has been particularly pleasing is that together we have built this project with zero lost time injuries, recently passing the milestone of one million man- hours Lost Time Injury Free. This is a world-class achievement and credit goes to all supervisors, employees and our contractors."
AMR also continues to focus on progressing opportunities to expand production, including extensions to the Ban Phuc massive sulphide vein, and selected higher-grade portions of the disseminated sulphide deposit. This will enable AMR to leverage the 30% additional installed capacity at its processing plant.
Asian Mineral Resources Limited is a Canadian TSX-V listed company with a nickel producing mine, the Ban Phuc Nickel Project, located 160 km west of Hanoi in Son La Province, Vietnam. The project produces a high-quality nickel concentrate, with a significant copper by-product. For further details on the Ban Phuc Nickel Project and AMR, please refer to the technical report entitled "NI 43-101 Technical Report - Ban Phuc Nickel Project" dated February 15, 2013 available on SEDAR, and also visit the company website at www.asianminres.com.
This press release includes certain "Forward-Looking Statements." All statements, other than statements of historical fact, included herein, including without limitation, statements regarding completion of the project and the achievement of expected benefits, potential mineralization and reserves, exploration results and future plans and objectives of AMR are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from AMR's expectations are disclosed under the heading "Risk Factors" in AMR's Annual Information Form and elsewhere in AMR's documents filed from time-to-time with the TSX Venture Exchange and other regulatory authorities. Forward- looking statements are qualified entirely by this cautionary statement and are given only as at the date of this press release. AMR disclaims any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.