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VIETNAM – New Ban Phuc operations manager

Asian Mineral Resources has appointed Tim Ashworth as general manager operations, to run its high-grade nickel operation at Ban Phuc in Son La, Vietnam. Tim Ashworth has more than 18 years’ experience in underground and surface mining, overseeing owner-mining and contract-mining operations across international operations.

Asian Mineral Resources has also launched a new website at www.asianmineralres.com. The site provides investors with information on the company’s mine, high-capacity processing facility and advanced-stage exploration activity in Vietnam’s emerging nickel district.

Ban Phuc mine boasts a high-grade ore body with an MSV average reserve grade of 2.2% nickel, 1.0% copper and 0.05% cobalt. Its simple mining method has the capacity to annually mine more than 360,000 tonnes of ore, with increased extraction rates possible via dual portals and multiple faces. It also benefits from skilled, local labour and low-cost power from the national power grid.

The company’s high-capacity processing centre enjoys recovery rates of 85% nickel, 95% copper and 85% cobalt. The Vietnamese government has identified further development at Ban Phuc as a key element of its natural resources development plan.

Chief executive officer Evan Spencer says, “We are delighted to welcome Tim Ashworth to the AMR team. With advanced near-mine and regional expansion opportunities, along with our smelter project that greatly enhance project economics, our Ban Phuc operations continue to grow. Ban Phuc is the cash-generating engine of our business, and the continued high performance of the mine and processing facility must remain a key focus. Tim Ashworth’s extensive mining experience will ensure the ongoing success of our operations through this exciting, next phase of AMR’s growth.”

The company’s management and Board of Directors thank outgoing mining manager Iain Cox, who was instrumental in the start-up and development of the Ban Phuc mine.

Asian Mineral Resources commenced commercial production from Ban Phuc mine and processing facility in mid-2013 and annually produces more than 6400 tonnes of nickel and 3200 tonnes of copper contained in concentrate, plus a cobalt by-product.

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