Kasbah Resources Limited and Asian Mineral Resources Limited announced that they have entered into a scheme implementation agreement pursuant to which AMR will, if implemented, acquire all of the ordinary outstanding shares of Kasbah by way of a scheme of arrangement under the Australian Corporations Act. Jim Askew, who is currently Chairman of AMR's board of directors, will remain as Chairman of the board of directors of the combined company, following the implementation of the transaction. The board will be composed of up to 7 directors, 2 of which will be nominated by Kasbah and 2 of which will be independent directors.

The company announced that Mr. Evan Spencer of AMR will remain as CEO of the combined company.