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Property NewsJanuary 10, 2011 Asian Mineral Resources Limited announced that 31,200,000 of its share purchase warrants which expired on January 7, 2011 have been exercised at Can$0.15 a share for gross proceeds of Can$4.68 million. The funding will allow the Company to continue with activities on its Ban Phuc Project located in Vietnam. July 30, 2010 Asian Mineral Resources announced an increase in the massive sulphide Nickel/Copper reserves at its Ban Phuc project in north western Vietnam. The 36,000t of nickel estimated to be contained in the proven and probable reserves is an increase of 12,000t nickel (+50%) over previously reported estimates. The estimated contained copper has also increased by 6,000t (+60%) and now stands at 16,000 July 22, 2010 Asian Mineral Resources Limited announced new estimates for the disseminated sulphide resources at its Ban Phuc nickel-copper project, north western Vietnam. The contained nickel in the Measured and Indicated categories has increased to 73,900 t Ni in 12.4 Mt at a grade of 0.59% Ni, an increase of 55% over the previous figures. |
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