Asian Mineral Resources Limited
TSX VENTURE : ASN

Asian Mineral Resources Limited

January 09, 2007 09:44 ET

Asian Mineral Resources Limited Receives Approval of its Environmental Impact Assessment Report

TORONTO, ONTARIO--(CCNMatthews - Jan. 9, 2007) - Asian Mineral Resources Limited (TSX VENTURE:ASN) announced today that its 90% owned joint venture company, Ban Phuc Nickel Mines Limited ("BPNM"), has received formal Vietnamese central government approval for its Environmental Impact Assessment Report on its Ban Phuc nickel project.

The application for a mining license for the project for which all required supporting documentation, including a feasibility study, are in hand is now being submitted. Since no master plan for nickel has yet been approved by the Vietnamese central government, the Ministry of Natural Resources and Environment is authorized to issue the license in consultation with other ministries and after receiving Prime Ministerial approval. It is anticipated that, barring unforeseen delays, the mining license will be issued late in the first quarter of 2007.

"We are very pleased to have received this approval which moves us significantly closer to obtaining our mining license, after which we will be in a position to begin construction of the mine," commented Robert Thomson, President & CEO of ASN. "In the meantime, work is proceeding on various elements of the project in anticipation of license issuance."

Company Profile

Asian Mineral Resources Limited is currently engaged in the exploration and development of the Ban Phuc nickel sulfide project in which it currently has a 90% interest. The Project, located in Vietnam, is part of ASN's Foreign Investment License covering 150 square kilometres of highly prospective ultramafic hosted nickel occurrences.

For further details on the Company and its projects please refer to the website at www.asianminres.com.

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 potential mineralization and reserves, exploration results and future plans and objectives of Asian Mineral Resources Limited 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 Asian Mineral Resources Limited's expectations are disclosed under the heading "Risk Factors" and elsewhere in Asian Mineral Resources Limited documents filed from time-to-time with the TSX Venture Exchange and other regulatory authorities.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release.

Contact Information

  • Asian Mineral Resources Limited
    Robert Thomson
    President & CEO
    (416) 360-3412
    (416) 362-6830 (FAX)
    Email: info@asianminres.com
    Website: www.asianminres.com
    or
    Grove Communications Inc.
    Kate Black
    (416) 360-3412
    (416) 362-6830 (FAX)