New Zealand Exchange Limited
P.O. Box 2959
Wellington
6 January 2013
Dear Sir,
Widespread''s Asian Minerals announces nickel export permit extension
Asian Mineral Resources ("ASN") is one of Widespread''s largest investments.
This shareholding, now held in our financial statements at market value,
represents 4.8 % of Widespread''s total assets at ASN''s current market value
of 5 cents.
ASN made the following announcement in Canada on Friday.
For and on behalf of the Board,
Chris D Castle
Onekaka
Asian Mineral Resources Receives Extension of Permission to Export Nickel
Concentrate for the Life of the Project
TORONTO, ONTARIO--(Marketwire - Jan. 4, 2013) - Asian Mineral Resources
Limited ("AMR") (TSX VENTURE:ASN) is pleased to announce that the Ministry of
Industry and Trade of the Socialist Republic of Vietnam has issued a circular
regarding the export of minerals and mineral products from Vietnam (the
"Circular"). The Circular stipulates that 9.5% nickel concentrate is
permitted for export by Ban Phuc Nickel Mines LLC ("BPNM"), a subsidiary of
AMR, without time limit. Previously, BPNM held a licence to export nickel
concentrate until 31 December 2015. This export licence is superseded by the
Circular.
Mr. Simon Booth, CEO of AMR, stated, "We are pleased to see the extension of
the right to export concentrate for the life of the Ban Phuc nickel project.
This is an important step towards commencing sustainable production from Ban
Phuc, and another sign of the ongoing support of the Government of the
Socialist Republic of Vietnam."
Company Profile:
Asian Mineral Resources Limited is developing the Ban Phuc Nickel Project,
located 160 km north-west of Hanoi in Son La Province, which is 90% owned by
its subsidiary Ban Phuc Nickel Mines LLC. The development of the project is
in advanced stages, with underground and surface infrastructure near
completion and commercial production expected to occur by June 2013. For
further details on AMR and the Ban Phuc Nickel Project, please refer to the
company website at www.asianminres.com.
End CA:00231818 For:WID Type:MINE Time:2013-01-07 08:30:03