Dear Aorere Resources shareholder,
This announcement has just been released by NZX.
New Zealand Exchange Limited
P.O. Box 2959
3 July 2013
Aorere’s Asian Minerals announces mine opening
Asian Mineral Resources (“ASN”) is one of Aorere’s larger investments. This shareholding, now held in our financial statements at market value, represents 3.4 % of Widespread’s total assets at ASN’s current market value of 3.5 cents.
ASN made the following announcement in Canada overnight which is very good news and a really significant milestone after a 13 year involvement by Aorere with this company.
For and on behalf of the Board,
Chris D Castle
ASIAN MINERAL RESOURCES ANNOUNCES
COMMENCEMENT OF PRODUCTION FROM THE BAN PHUC NICKEL PROJECT
Toronto, Ontario – July 2, 2013.
Asian Mineral Resources Limited (“AMR”) (TSX-V: 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. Nguyễn Linh Ngọc, Vice Minister of the Ministry of Natural Resources and Environment, and Mr. Cầm Ngọc 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 manhours 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.