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Asian Mineral Resources and Jinchuan Group enter into nickel offtake agreement

Fasken
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Overview

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Asian Mineral Resources

On May 5, 2008, Asian Mineral Resources Limited (ASN-TSX Venture) announced that its 90% subsidiary, Ban Phuc Nickel Mines LLC ("BPNM") had entered into an Offtake Agreement with Jinchuan Group Ltd. to sell Jinchuan all nickel concentrates produced during the estimated five-year life of mine of its initial Ban Phuc project and has granted Jinchuan first refusal rights on additional nickel concentrates that BPNM may produce. Andrew Gabrielson of Fasken Martineau advised Asian Mineral Resources with respect to this agreement.

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