Asian Mineral Resources Limited (“AMR”) is a Toronto Stock Exchange Venture listed minerals exploration and development company with focus on base and specialty metals projects.
AMR has finalized an earn-in agreement on the Holt Property on Vancouver Island, British Colombia, Canada. The property has a recently completed 43-101 compliant technical report on the area’s prospecivity, with proven volcanogenic massive sulphide (VMS) and skarn magnetite mineralization.
This is a low-cost earn-in exploration opportunity in an area with compelling geology due to historical production of gold, silver, and copper. Further, as is the case across most of the region, nearby infrastructure is excellent. A large portion of the land is accessible via active logging roads, several 500 kilovolt power lines intersect the tenements, and the Naniamo Port is about 50km away.
Prior to this project, AMR was focused on its Ban Phuc Nickel Mines project in northwestern Vietnam, which the company brought from exploration to production – and then into care and maintenance – until the project was divested of in 2018.
AMR is proud of the strong operational, health & safety, and environmental track record that it achieved at the Ban Phuc mine including investment of nearly USD $140mm to develop the high grade underground nickel-copper-cobalt sulphide project and supporting infrastructure. This represented Vietnam’s first modernized underground mining operation and exhibits future potential of the country’s mining industry.
As the company now progresses exploration work on the Holt Property, AMR’s Board and Management continue to evaluate additional acquisitions and new ventures where there are value accretion opportunities.