AMR Announces New Director
April 20 2018 - 4:39PM
Asian Mineral Resources Limited (“
AMR” or the
“
Company”) (TSX-V:ASN) wishes to announce the
decision to appoint Duncan Blount as a Director, replacing Kate
Southwell, who has resigned from her role as Non-Executive Director
as of April 20, 2018.
Commenting on the changes, Robin Widdup, Chairman of AMR, said:
“We welcome Duncan in his role as a Director of the Company.
On behalf of the Board, I would like to thank Kate for her
contributions in the last few years, as representative of our
majority shareholder, Pala Investments Ltd.”
ABOUT AMR
AMR owns and operates a nickel mine with
historical nickel sulphide production, and is exploring for
additional high-grade nickel assets in Vietnam. As of 30 June 2016,
the Ban Phuc Nickel Mine has produced a total of c. 20,000 tonnes
of nickel and c. 10,000 tonnes of copper contained in concentrate,
plus a cobalt by-product since the beginning of its mine life.
Mining and processing operations at Ban Phuc were suspended in
September 2016 and operations were transitioned to a care and
maintenance scenario. In addition to in and near-mine expansion
projects, Ban Phuc provides a platform from which AMR can continue
to focus on developing a new nickel camp within its 150km2 of
concessions located throughout the highly-prolific Song Da rift
zone, where AMR has a number of advanced-stage nickel exploration
targets. As announced on April 16, 2018, the Company is currently
exploring its strategic options with regard to the Ban Phuc Nickel
Mine in Son La, Vietnam.
For further details on AMR, please refer to the
technical report entitled “NI 43-101 Technical Report – Ban Phuc
Nickel Project” dated February 15, 2013 and the technical report
entitled “NI 43-101 Technical Report – Ta Khoa Concession’’ dated
March 3, 2017, both available on SEDAR or the AMR website
www.asianmineralres.com
For further information:
Paula KemberChief Financial OfficerTelephone: +1 (416)
360-3412
Forward-Looking Statements
This press release includes certain
“Forward-Looking Statements.” All statements, other than statements
of historical fact, included herein, including without limitation,
statements regarding future exploration and development of AMR’s
projects, the commencement of production and the achievement of
expected benefits, potential mineralization and reserve and
resource estimates, exploration results and future plans and
objectives of AMR are forward-looking statements. Forward-looking
statements involve known and unknown risks, uncertainties and other
factors which may cause the actual results, performance or
achievements of AMR to be materially different from any future
results, performance or achievements expressed or implied by the
forward-looking 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. Such forward-looking statements are based on a number
of material factors and assumptions, including: that contracted
parties provide goods and/or services on the agreed timeframes;
that on-going contractual negotiations will be successful and
progress and/or be completed in a timely manner; that application
for permits and licences will be granted/obtained in a timely
manner; that no unusual geological or technical problems occur;
that plant and equipment work as anticipated and that there is no
material adverse change in the price of nickel. Although AMR has
attempted to identify important factors that could cause actual
actions, events or results to differ materially from those
described in forward-looking statements, there may be other factors
that cause actions, events or results to differ from those
anticipated, estimated or intended. Forward-looking statements
contained herein are made as of 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. There can be no assurance
that forward-looking statements will prove to be accurate, as
actual results and future events could differ materially from those
anticipated in such statements. Accordingly, readers should not
place undue reliance on forward-looking statements due to the
inherent uncertainty therein.
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.
The scientific and technical information in this
press release has been compiled and approved by Darryl Mapleson
(BSc (Hons), FAusIMM) who is a Geologist retained by Asian Mineral
Resources Limited and a Competent Person as defined by JORC
guidelines and a Qualified Person for NI 43-101. He has been
engaged by Asian Mineral Resources Limited as an independent
consultant.
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