TORONTO, ONTARIO--(Marketwired - Jun 30, 2014) - Asian Mineral Resources Ltd. ("AMR") (TSX VENTURE:ASN) is pleased to announce the appointment of Michael Brown, a Non-Executive Director, as Non-Executive Chairman of the Board with immediate effect. Jan Castro has stepped down as Non-Executive Director and Chairman with immediate effect.
Commenting on the changes, Robin Widdup, Director of AMR, said: "We welcome Michael in his role as Chairman of the Board. On behalf of the Board, I would like to thank Jan for his major contributions to AMR's business and strategy during his tenure as Chairman. With Jan's dedication and leadership, AMR was successful in bringing the Ban Phuc Nickel Project into commercial production and building strong support from all key stakeholders. We wish him the very best for the future."
Company Profile:
AMR is one of the few new sources of nickel sulphide supply globally. AMR commenced commercial production from its Ban Phuc nickel project in Vietnam in mid-2013. The Ban Phuc project currently produces over 6,400 tonnes of nickel and 3,200 tonnes of copper per annum contained in concentrate, plus a cobalt by-product.
In addition to in and near-mine expansion projects, Ban Phuc provides a cash-generative operating 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.
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 available on SEDAR, and also visit the company website at 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 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.
