Asian Mineral Resources Announces Appointment of Chief Financial Officer
April 23 2014 - 9:30AM
Marketwired Canada
Asian Mineral Resources Limited ("AMR") (TSX VENTURE:ASN) is pleased to announce
the appointment of Sean Duffy as Chief Financial Officer. Mr. Duffy, whose
appointment will take effect from June 1, 2014, will be based full-time in
Hanoi.
Mr. Duffy brings with him more than 20 years of international finance experience
in the mining industry. He joins AMR from Anglo Asian Mining Plc. where he
served as CFO and Company Secretary for the AIM-listed gold mining company.
Previously, Mr. Duffy held senior finance roles at BHP Billiton's global
operations, where he oversaw the integration of the company's US$9bn acquisition
of Western Mining Corporation, and as Finance Director of BHP Billiton
Indonesia, where he was responsible for all aspects of finance, logistics, IT
and administrative functions relating to over US$5bn of coal assets in the
region. In addition, Mr. Duffy has held senior finance management roles at base
and precious metals mining companies in both Africa and the Middle East.
Mr. Evan Spencer, CEO of AMR, stated: "It gives me great pleasure to welcome
Sean. He is joining AMR at a very exciting time with the Ban Phuc nickel mine
having achieved commercial production and now focusing on production growth and
exploration. The depth of Sean's experience in the management of leading mining
companies, and his background in implementing systems and long-term growth
planning will be invaluable during this period of growth."
Company Profile:
Asian Mineral Resources Limited ("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 contained in concentrate
per annum, 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 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 completion of the project, 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:
estimated cost to bring the Ban Phuc Nickel mine into commercial production,
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.
FOR FURTHER INFORMATION PLEASE CONTACT:
Asian Mineral Resources Limited
Paula Kember
Corporate Secretary
+1 (416) 360-3412
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