Asian Mineral Resources has raised US$3 million which has been earmarked for pre-development expenditure and working capital on the company"s Ban Phuc Nickel Project in northern Vietnam.

Asian Mineral Resources is engaged in the exploration and development of its 90%-owned Ban Phuc project.

The project is part of a granted Foreign Investment Licence covering 150sqkm of highly prospective ultramafic hosted nickel occurrences.