http://www.proactiveinvestors.co.uk Proactiveinvestors RSS feed en Mon, 25 Jun 2018 08:57:05 +0100 http://blogs.law.harvard.edu/tech/rss Genera CMS action@proactiveinvestors.com (Proactiveinvestors) action@proactiveinvestors.com (Proactiveinvestors) <![CDATA[RNS press release - Price Monitoring Extension ]]> http://www.proactiveinvestors.co.uk/companies/rns/57/LSE20180622163532_13690751/ Fri, 22 Jun 2018 16:35:32 +0100 http://www.proactiveinvestors.co.uk/companies/rns/57/LSE20180622163532_13690751/ <![CDATA[RNS press release - Directors Dealing ]]> http://www.proactiveinvestors.co.uk/companies/rns/57/LSE20180621111954_13688749/ Thu, 21 Jun 2018 11:19:54 +0100 http://www.proactiveinvestors.co.uk/companies/rns/57/LSE20180621111954_13688749/ <![CDATA[RNS press release - Conversion of Loan & Issue of Equity ]]> http://www.proactiveinvestors.co.uk/companies/rns/57/LSE20180620082256_13686614/ Wed, 20 Jun 2018 08:22:56 +0100 http://www.proactiveinvestors.co.uk/companies/rns/57/LSE20180620082256_13686614/ <![CDATA[News - Amur Minerals completes 25% of drilling programme at Kun-Manie ]]> http://www.proactiveinvestors.co.uk/companies/news/198759/amur-minerals-completes-25-of-drilling-programme-at-kun-manie-198759.html Amur Minerals Corporation (LON:AMC) has completed around 25% of its planned drilling for 2018 at its Kun-Manie nickel-copper sulphide project in Russia.

The AIM-listed mine said since the start of the drill programme on May 6, it completed 5,078.2 metres, with 1,085 mineralised samples prepared and analysed for nickel, copper, cobalt, platinum and palladium.

READ: Amur Minerals estimates Kun-Manie nickel costs will be below industry average

The group added that to fulfil Russian licensing requirements and to progress towards mine design and production, detailed infill drilling was necessary, with work completed at both the Maly Kurumkon / Flangovy (MKF) and Ikenskoe / Sobolevsky (IKEN) mineral trends.

Additional infill drilling (totalling c.2,800 metres) is planned at both the Vodorazdelny (VOD) and Kubuk (KUB) sites and would begin this month, the company said.

Regarding the current infill drilling results, Amur said that it had confirmed the continuity of mineralisation and indicated metal content at both the IKEN and MKF deposits, with a high grade ore block (ranging from 0.9% to 1.0% nickel) also discovered at IKEN which could “positively impact the economic potential of the project”.

Robin Young, Amur Minerals chief executive, said: “Having planned to drill approximately 20,000 metres over the course of the season, and having already completed more than 5,000 metres of drilling, we are rapidly advancing towards the completion of our 2018 drill objectives.

He added: "The Russian Federation infill drilling requirement allows the Company to complete detailed exploration, post reserves with the State Reserves Committee, ("GZK"), and progress towards mine designs and approval for the construction phase.  This infill drilling has already been completed at two of the four deposits.”

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Wed, 13 Jun 2018 07:50:00 +0100 http://www.proactiveinvestors.co.uk/companies/news/198759/amur-minerals-completes-25-of-drilling-programme-at-kun-manie-198759.html
<![CDATA[RNS press release - May 2018 Drill Programme Update ]]> http://www.proactiveinvestors.co.uk/companies/rns/57/LSE20180613070005_13677187/ Wed, 13 Jun 2018 07:00:05 +0100 http://www.proactiveinvestors.co.uk/companies/rns/57/LSE20180613070005_13677187/ <![CDATA[RNS press release - Directors Dealing ]]> http://www.proactiveinvestors.co.uk/companies/rns/57/LSE20180522101002_13650330/ Tue, 22 May 2018 10:10:02 +0100 http://www.proactiveinvestors.co.uk/companies/rns/57/LSE20180522101002_13650330/ <![CDATA[RNS press release - Conversion of Loan and Issue of Equity ]]> http://www.proactiveinvestors.co.uk/companies/rns/57/LSE20180516100808_13643366/ Wed, 16 May 2018 10:08:08 +0100 http://www.proactiveinvestors.co.uk/companies/rns/57/LSE20180516100808_13643366/ <![CDATA[RNS press release - Issue of Equity ]]> http://www.proactiveinvestors.co.uk/companies/rns/57/LSE20180502105211_13627295/ Wed, 02 May 2018 10:52:11 +0100 http://www.proactiveinvestors.co.uk/companies/rns/57/LSE20180502105211_13627295/ <![CDATA[News - Amur Minerals estimates Kun-Manie nickel costs will be below industry average ]]> http://www.proactiveinvestors.co.uk/companies/news/196231/amur-minerals-estimates-kun-manie-nickel-costs-will-be-below-industry-average-196231.html Amur Minerals Corporation (LON:AMC) said its cost estimates for nickel at its planned Kun-Manie nickel copper sulphide project are below nickel industry averages.

The AIM-listed miner said based on the previously reported mining potential of 73mln ore tonnes at Kun-Manie, around 6mln tonnes per annum over 12 years and 2 months of production, the Life Of Mine (LOM) C1 cost per pound of nickel is projected to range from US$2.61 to US$2.77.

WATCH: Amur Minerals highlights significant increase in underlying earnings for Kun-Manie

Amur said these projected costs indicate that Kun-Manie would rank among the 10 lowest cost industry wide nickel producers in terms of business costs at existing operations, potentially reaching as low as fourth place.

Robin Young, Amur Minerals chief executive, said: "These newly defined C1 cost projections include all projected operating costs and operational considerations from the mine face to the sale of a final product.

He added: “These costs also take into account mine dilution, metallurgical recoveries at the mine and smelters, truck and rail freight and more. We have also included the Russian Far East reduced tax and royalty incentives which further reduce our total production cost per nickel unit, whether a pound or a tonne.”

In early morning trading Wednesday, Amur Minerals shares were steady at 5.1p.

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Wed, 02 May 2018 09:03:00 +0100 http://www.proactiveinvestors.co.uk/companies/news/196231/amur-minerals-estimates-kun-manie-nickel-costs-will-be-below-industry-average-196231.html
<![CDATA[RNS press release - Projected C1 Nickel Costs Below Industry Average ]]> http://www.proactiveinvestors.co.uk/companies/rns/57/LSE20180502070011_13626535/ Wed, 02 May 2018 07:00:11 +0100 http://www.proactiveinvestors.co.uk/companies/rns/57/LSE20180502070011_13626535/ <![CDATA[RNS press release - Conversion of Loan and Issue of Equity ]]> http://www.proactiveinvestors.co.uk/companies/rns/57/LSE20180426172251_13620723/ Thu, 26 Apr 2018 17:22:51 +0100 http://www.proactiveinvestors.co.uk/companies/rns/57/LSE20180426172251_13620723/ <![CDATA[RNS press release - PDMR Dealing ]]> http://www.proactiveinvestors.co.uk/companies/rns/57/LSE20180423095244_13614329/ Mon, 23 Apr 2018 09:52:44 +0100 http://www.proactiveinvestors.co.uk/companies/rns/57/LSE20180423095244_13614329/ <![CDATA[RNS press release - Directors Dealing ]]> http://www.proactiveinvestors.co.uk/companies/rns/57/LSE20180420164315_13613408/ Fri, 20 Apr 2018 16:43:15 +0100 http://www.proactiveinvestors.co.uk/companies/rns/57/LSE20180420164315_13613408/ <![CDATA[RNS press release - Conversion of Loan and Issue of Equity ]]> http://www.proactiveinvestors.co.uk/companies/rns/57/LSE20180419163338_13611665/ Thu, 19 Apr 2018 16:33:38 +0100 http://www.proactiveinvestors.co.uk/companies/rns/57/LSE20180419163338_13611665/ <![CDATA[RNS press release - Director and Executive Share Purchase Program ]]> http://www.proactiveinvestors.co.uk/companies/rns/57/LSE20180417070007_13606670/ Tue, 17 Apr 2018 07:00:07 +0100 http://www.proactiveinvestors.co.uk/companies/rns/57/LSE20180417070007_13606670/ <![CDATA[Media files - Amur Minerals highlights significant increase in underlying earnings for Kun-Manie ]]> http://www.proactiveinvestors.co.uk/companies/stocktube/9067/amur-minerals-highlights-significant-increase-in-underlying-earnings-for-kun-manie-9067.html Mon, 16 Apr 2018 11:28:00 +0100 http://www.proactiveinvestors.co.uk/companies/stocktube/9067/amur-minerals-highlights-significant-increase-in-underlying-earnings-for-kun-manie-9067.html <![CDATA[News - Amur Minerals reports 78% increase in projected underlying earnings for Kun-Manie project ]]> http://www.proactiveinvestors.co.uk/companies/news/195020/amur-minerals-reports-78-increase-in-projected-underlying-earnings-for-kun-manie-project-195020.html Amur Minerals Corporation (LON:AMC) has announced an increase in the projected global underlying earnings (EBITDA) assessment of the mining potential at its Kun-Manie nickel copper sulphide project.

The AIM-listed firm said the projected EBITDA has increased by 78.75% to US$2.7bn, up from US$1.6bn a year ago.

READ: Amur Minerals to begin field engineering campaign at Kun-Manie project

The firm said the increase is attributable to mining Maly Kurumkon/Flangovy (MKF) by a combination of open pit and underground extraction methods in lieu of open pit only production. The mineral exploration company said the previous EBITDA estimate was based on open pit production only.

The group added that the reported EBITDA projection is based on a long-term nickel price of US$7.27 per pound (US$16,000 per tonne), and by-product revenues for copper, cobalt, platinum and palladium have been excluded.

Robin Young, CEO of Amur Minerals, commented: “The global 73 million ore tonne mining potential contains more than 400,000 tonnes of projected metallurgically recovered nickel supporting the operation for at least 12 years providing an indicated EBITDA of US$2.6bn.”

WATCH: Amur Minerals highlights significant increase in underlying earnings for Kun-Manie

He added: “Additional open pit mining potential is being evaluated which is directly related to last year’s highly successful drill programme where an ore tonnage increase of more than 251% at Ikenskoe/Sobolevsky, Kubuk and the area between is underway using the March 2018 updated mineral resource.”

Robin Young concluded: “With this area now being the largest source of mineralisation within the mining licence, it is projected that there will be a substantial increase to the global mining inventory and EBITDA from that of US$2.6bn.”

 

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Mon, 16 Apr 2018 08:00:00 +0100 http://www.proactiveinvestors.co.uk/companies/news/195020/amur-minerals-reports-78-increase-in-projected-underlying-earnings-for-kun-manie-project-195020.html
<![CDATA[RNS press release - April 2018 Mining Potential Update ]]> http://www.proactiveinvestors.co.uk/companies/rns/57/LSE20180416072503_13604816/ Mon, 16 Apr 2018 07:25:03 +0100 http://www.proactiveinvestors.co.uk/companies/rns/57/LSE20180416072503_13604816/ <![CDATA[RNS press release - Conversion of Loan and Issue of Equity ]]> http://www.proactiveinvestors.co.uk/companies/rns/57/LSE20180413145502_13604404/ Fri, 13 Apr 2018 14:55:02 +0100 http://www.proactiveinvestors.co.uk/companies/rns/57/LSE20180413145502_13604404/ <![CDATA[News - Amur Minerals to begin field engineering campaign at Kun-Manie project ]]> http://www.proactiveinvestors.co.uk/companies/news/194920/amur-minerals-to-begin-field-engineering-campaign-at-kun-manie-project-194920.html Amur Minerals Corporation (LON:AMC) has announced the completion and the full restock and mobilisation of all machinery, spares and supplies for the 2018 field season at its Kun-Manie project in the Far East of Russia.

The AIM-listed firm said this year’s field season will be focused on gathering information for inclusion in project engineering study work and operational design for consideration and the incorporation into necessary documentation related to project financing.

READ: Amur boosts nickel resource at Kun-Manie by 50%

The mineral exploration company added that further resource expansion potential remains, however these areas will be drilled once operations have begun.

Robin Young, CEO of Amur Minerals, said: “All materials required for our 2018 field engineering programme at Kun-Manie are now on site and we are ready to begin the acquisition of additional key information necessary for the inclusion in study documentation leading to project financing.”

He added: “Having identified the largest nickel sulphide deposit located immediately adjacent to China, Korea and Japan, coupled with the potential for substantial exploration upside at Kun-Manie, we are now able to transition into the detailed engineering of the project.”

“With the project being a highly valued source of sulphide nickel, copper and cobalt needed for Electric Vehicle batteries, the scope of our engineering activities has been broadened,” Young said.

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Fri, 13 Apr 2018 07:33:00 +0100 http://www.proactiveinvestors.co.uk/companies/news/194920/amur-minerals-to-begin-field-engineering-campaign-at-kun-manie-project-194920.html
<![CDATA[RNS press release - 2018 Field Engineering Campaign Set to Begin ]]> http://www.proactiveinvestors.co.uk/companies/rns/57/LSE20180413070002_13603036/ Fri, 13 Apr 2018 07:00:02 +0100 http://www.proactiveinvestors.co.uk/companies/rns/57/LSE20180413070002_13603036/ <![CDATA[RNS press release - Conversion of Loan and Issue of Equity ]]> http://www.proactiveinvestors.co.uk/companies/rns/57/LSE20180409100002_13596686/ Mon, 09 Apr 2018 10:00:02 +0100 http://www.proactiveinvestors.co.uk/companies/rns/57/LSE20180409100002_13596686/ <![CDATA[RNS press release - Conversion of Loan and Issue of Equity ]]> http://www.proactiveinvestors.co.uk/companies/rns/57/LSE20180320144002_13574174/ Tue, 20 Mar 2018 14:40:02 +0000 http://www.proactiveinvestors.co.uk/companies/rns/57/LSE20180320144002_13574174/ <![CDATA[Media files - Kun-Manie nickel resource just keeps on expanding, says Amur Minerals' Robin Young ]]> http://www.proactiveinvestors.co.uk/companies/stocktube/8905/kun-manie-nickel-resource-just-keeps-on-expanding-says-amur-minerals-robin-young-8905.html Tue, 20 Mar 2018 09:43:00 +0000 http://www.proactiveinvestors.co.uk/companies/stocktube/8905/kun-manie-nickel-resource-just-keeps-on-expanding-says-amur-minerals-robin-young-8905.html <![CDATA[News - Amur boosts nickel resource at Kun-Manie by 50% ]]> http://www.proactiveinvestors.co.uk/companies/news/193452/amur-boosts-nickel-resource-at-kun-manie-by-50-193452.html Amur Minerals Corporation (LON:AMC) saw its shares jump nearly 18% higher on Tuesday after the firm boosted the established nickel resource at its Kun-Manie project in Russia by 50%.

The new total amounts to just over 1.58mln tonnes of contained nickel at average grades of 1.02% nickel equivalent. The new resource includes all 2017 drill results from the Ikenskoe/Sobolevsky (IKEN) and Kubuk deposits.

WATCH: Kun-Manie nickel resource just keeps on expanding, says Amur Minerals' Robin Young

Kun-Manie is the largest undeveloped nickel sulphide project, located immediately adjacent to the three largest nickel consuming nations of China, Korea and Japan.

Based on a 0.4% cut-off grade, Kun-Manie now ranks third among the world's greenfield nickel sulphide deposits

All newly estimated resources identified by the 2017 drill programme are located within the IKEN and Kubuk deposits, and the 2017 drill programme successfully linked the two neighbouring deposits together forming the largest mineralised zone at Kun-Manie. 

The updated and consolidated resource for these two deposits (89.5 million ore tonnes, 645,000 nickel tonnes and 178,000 copper tonnes) surpasses the Maly Kurumkon/ Flangovy deposit, formerly the company's largest deposit containing approximately 60.9 million ore tonnes, 472,000 nickel tonnes and 131,000 copper tonnes.

During the 2018 drill season, metallurgical drill sample collection and relevant test work will continue. This will allow Amur to refine the processing flowsheet to establish the capability of generating an additional copper concentrate (potentially allowing for streaming of a copper concentrate product) and the ability to identify the requirements necessary to generate a nickel sulphate product for direct sale into the EV battery market.

Boss highlights "substantial and material increase"

"The newly derived 2018 MRE represents a substantial and material increase of more than 50% from previously reported estimates of the Kun-Manie resource,” said Amur chief executive Robin Young.

In mid-morning trading, Amur Minerals’ shares were 17.8% higher at 5.45p.

In a note to clients, analysts at Shore Capital said: “We note that Amur is now attempting to position itself ‘as a ready source for EV battery market participation’.

“However, in our view, nickel developers with sulphide deposits such as Amur are not as directly connected to the EV battery market as those intending to produce sulphate or hydroxide products from laterite deposits.”

They added: “The likes of Amur will most likely have to produce and sell sulphide flotation concentrates to companies with matte smelters such as Norilsk.”

“Having surpassed key institutional bench marks of 1.0 million contained nickel tonnes and maintaining a plus 1.0% nickel equivalent grade, we shall be positioning the Company as a ready source for EV battery market participation. In addition, the significant resource increase will allow for us to identify institutional investors to work with and we will be undertaking an aggressive Asian marketing programme focused on China, Korea and Japan.”

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Tue, 20 Mar 2018 08:16:00 +0000 http://www.proactiveinvestors.co.uk/companies/news/193452/amur-boosts-nickel-resource-at-kun-manie-by-50-193452.html
<![CDATA[RNS press release - 50% Mineral Resource Increase at Kun-Manie ]]> http://www.proactiveinvestors.co.uk/companies/rns/57/LSE20180320070003_13572830/ Tue, 20 Mar 2018 07:00:03 +0000 http://www.proactiveinvestors.co.uk/companies/rns/57/LSE20180320070003_13572830/ <![CDATA[News - Amur Minerals starts work on access road to Kun-Manie project ]]> http://www.proactiveinvestors.co.uk/companies/news/192831/amur-minerals-starts-work-on-access-road-to-kun-manie-project-192831.html Amur Minerals Corporation (LON:AMC) has appointed road design group Cevi Construzioni for the 350km road from Ulak, on the Baikal-Amur rail line, to its Kun-Manie project in Far East Russia.

The AIM-listed firm said this step is the first in a three-component process to earn long-term access rights to the site of the huge nickel/copper project.

READ: Amur Minerals completes ice road to its Kun-Manie project a week earlier than last year

Robin Young, Amur’s chief executive, added Cevi Construzioni is a Russian Federation certified road design group, familiar and experienced in the region having worked in both permafrost conditions and as a subcontractor on nearby projects including the Elga Coal project to the north of Kun-Manie in the Sakha Republic (Yakutia).

“The access road has always been a key variable in ensuring that we can successfully mine the largest undeveloped nickel copper sulphide deposit located immediately adjacent the three largest international nickel consuming nations of China, Japan and Korea. 

“This road will allow Amur to deliver concentrate into the rail system for delivery to market and the ability to supply and support the planned operation.”

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Thu, 08 Mar 2018 08:28:00 +0000 http://www.proactiveinvestors.co.uk/companies/news/192831/amur-minerals-starts-work-on-access-road-to-kun-manie-project-192831.html
<![CDATA[RNS press release - Access Road Update ]]> http://www.proactiveinvestors.co.uk/companies/rns/57/LSE20180308070001_13558945/ Thu, 08 Mar 2018 07:00:01 +0000 http://www.proactiveinvestors.co.uk/companies/rns/57/LSE20180308070001_13558945/ <![CDATA[News - Amur Minerals completes ice road to its Kun-Manie project a week earlier than last year ]]> http://www.proactiveinvestors.co.uk/companies/news/192496/amur-minerals-completes-ice-road-to-its-kun-manie-project-a-week-earlier-than-last-year-192496.html Amur Minerals Corporation (LON:AMC) said it has completed construction of the 350km long ice road from the Ulak station, on the Baikal-Amur rail line, to its Kun-Manie project a week earlier than last year.

The AIM-listed mineral exploration company, focused on base metal projects in the far east of Russia, said that the ice road was completed on February 15 and nine vehicle convoys are now transporting the supplies to Kun-Manie, nickel sulphide deposit in Russia.

READ: Amur Minerals sets out 2018 programme of works for Kun-Manie

Two of the eight planned trips have been completed and fuel, supplies, spares and food for the upcoming season have already been delivered.

With the new ice road being the most cost-effective way to resupply company’s operation, Amur Minerals said it will be in a position to diamond-0core drill a planned 15,000 metres and undertake several site investigation studies.

Robin Young, the company's CEO, said: “Operating on a 24 hour a day cycle, seven days a week, we anticipate successful and complete resupply of the site.”

He concluded: “The resupply will allow us to finish up the majority of our site investigative work for moving the project forward to a final production decision and design.”

In late afternoon trading, Amur Minerals' shares were 7.5% higher at 5.3p.

 -- Updates share price --

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Fri, 02 Mar 2018 07:49:00 +0000 http://www.proactiveinvestors.co.uk/companies/news/192496/amur-minerals-completes-ice-road-to-its-kun-manie-project-a-week-earlier-than-last-year-192496.html
<![CDATA[RNS press release - 2018 Winter Ice Road & Resupply Update ]]> http://www.proactiveinvestors.co.uk/companies/rns/57/LSE20180302070003_13552061/ Fri, 02 Mar 2018 07:00:03 +0000 http://www.proactiveinvestors.co.uk/companies/rns/57/LSE20180302070003_13552061/ <![CDATA[Media files - Amur Minerals moving away from exploration into pre-production at Kun-Manie ]]> http://www.proactiveinvestors.co.uk/companies/stocktube/8823/amur-minerals-moving-away-from-exploration-into-pre-production-at-kun-manie-8823.html Wed, 28 Feb 2018 14:05:00 +0000 http://www.proactiveinvestors.co.uk/companies/stocktube/8823/amur-minerals-moving-away-from-exploration-into-pre-production-at-kun-manie-8823.html <![CDATA[News - Amur Minerals could become a supplier of nickel sulphate direct to battery makers ]]> http://www.proactiveinvestors.co.uk/companies/news/192268/amur-minerals-could-become-a-supplier-of-nickel-sulphate-direct-to-battery-makers-192268.html “Our basic premise has always been that we will keep driving this through towards production,” says Robin Young of Amur Minerals Corporation (LON:AMC).

Amur has just released details of the 2018 programme of works for its Kun-Manie nickel sulphide mine in Russia, and the emphasis is now shifting further and further towards development.

WATCH: Amur Minerals moving away from exploration into pre-production at Kun-Manie

Drilling will occur this year, but much more emphasis will be placed on metallurgical work, updating the open-pit and underground mine plans at IKEN/KUBUK, boosting the resource base on data already being processed, doing metallurgical work, and wrapping an economic model around all the results.

Young expects an independently audited pre-feasibility study to be in place by the end of the second quarter of this year, with some of the work likely to be at full-feasibility standard.

“We’re just going to keep going down this road,” he says.

“We’re going to meet all the requirements of the Russian authorities. And we’re going to keep to our basic premise which has always been that we will keep driving this through towards production. If necessary we will find financing to do it ourselves.”

If some kind of deal comes along in the meantime, though, so much the better.

“A deal will be done when the time is right,” says Young firmly.

In the meantime, buoyed by a new funding facility from Riverfort, the company is in a strong position to press on with this year’s work programme.

This year will bring a new flavour to the work though, one added by the near-unique nature of the nickel deposit at Kun-Manie.

As is well-known, with a resource invenotry of more than a million tonnes of nickel equivalent, Kun-Manie is one of the last remaining major nickel sulphide deposits in the world, and as Young points out, the largest in the vicinity of three of the major demand centres for electric vehicle batteries, China, Korea and Japan.

Nickel is a key component in electric vehicle batteries, but from an economic perspective not every nickel production source is suitable.

That’s because the processing nickel from out of the remaining major source, laterites, is very expensive when it comes to manufacturing the sulphate form of nickel required for batteries. Nickel sulphides, like Kun-Manie, are much cheaper.

All of which adds another dimension to the potential offering from Kun-Manie.

“We know we can generate a concentrate,” says Young.

“We know we can sell it to a smelter. But there is also the possibility we could make our own concentrate and generate sulphate minerals for use in batteries, cutting out the middle man. So we are taking a close look at what it would take us to become an end-product supplier all the way down to the battery makers themselves. We are the largest sulphide project near the Chinese market.”

What’s more, although the location of Kun-Manie in Russia has sometimes been seen as a negative on Western bourses, in terms of cutting battery-related deals in the Far East, it could actually turn in to a benefit.

“The Russians and the Chinese have good working relations,” says Young.

In the meantime, much hard work remains to be done.

“We’ll be staying the course,” says Young.

“We’re focussed on what we’re doing. The resource update, the life of mine work, the underground updates, the met work – all of these things move the metal forward.”

 

 

 

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Tue, 27 Feb 2018 12:32:00 +0000 http://www.proactiveinvestors.co.uk/companies/news/192268/amur-minerals-could-become-a-supplier-of-nickel-sulphate-direct-to-battery-makers-192268.html
<![CDATA[News - Amur Minerals sets out 2018 programme of works for Kun-Manie ]]> http://www.proactiveinvestors.co.uk/companies/news/192241/amur-minerals-sets-out-2018-programme-of-works-for-kun-manie-192241.html Amur Minerals Corporation (LON:AMC) has outlined an extensive programme of works for 2018 for its Kun-Manie nickel sulphide deposit in Russia.

The company will complete a new mineral resource update over a total strike length of four kilometres, update its open pit and underground mine design plans at the IKEN/KUB deposit, calculate the most economic life of mine schedule, undertake significant metallurgical work, and work up an access road development plan.

WATCH: Amur Minerals secures $10mln convertible loan facility to push forward on Kun Manie

As part of that latter process, road industry design experts will provide a final approval allowing for construction to begin.

In addition, work on plans outlined in the pre-feasibility study will investigate the option of an off-take smelting contract, the potential for generating a low-grade matte using an owner-operated furnace, and the scenario of producing product suited for the EV market.

This year's activities reflect a substantial shift from the previous year's exploration efforts to that of project development considerations. 

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Tue, 27 Feb 2018 08:10:00 +0000 http://www.proactiveinvestors.co.uk/companies/news/192241/amur-minerals-sets-out-2018-programme-of-works-for-kun-manie-192241.html
<![CDATA[RNS press release - 2018 Kun-Manie Programme ]]> http://www.proactiveinvestors.co.uk/companies/rns/57/LSE20180227070003_13546572/ Tue, 27 Feb 2018 07:00:03 +0000 http://www.proactiveinvestors.co.uk/companies/rns/57/LSE20180227070003_13546572/ <![CDATA[Media files - Amur Minerals secures $10mln convertible loan facility to push forward on Kun Manie ]]> http://www.proactiveinvestors.co.uk/companies/stocktube/8737/amur-minerals-secures-10mln-convertible-loan-facility-to-push-forward-on-kun-manie-8737.html Tue, 13 Feb 2018 12:56:00 +0000 http://www.proactiveinvestors.co.uk/companies/stocktube/8737/amur-minerals-secures-10mln-convertible-loan-facility-to-push-forward-on-kun-manie-8737.html <![CDATA[News - Amur secures US$10mln convertible loan for development of Kun-Manie ]]> http://www.proactiveinvestors.co.uk/companies/news/191560/amur-secures-us10mln-convertible-loan-for-development-of-kun-manie-191560.html Amur Minerals Corporation (LON:AMC) has secured a US$10mln convertible loan facility with a consortium of investors arranged by Riverfort Global Capital.

The convertible loan consists of three advances with the initial advance of US$4mln to be drawn down by the company on February 14.

WATCH:Amur Minerals secures $10mln convertible loan facility to push forward on Kun Manie

Each advance is repayable by the company in 12 monthly instalments.

If the Company elects not to repay any instalment on the applicable monthly repayment date, then the investors can elect to convert that outstanding instalment at any time into new ordinary shares in the company.

The conversion price of any part of an advance will either be made by reference to the lower of 130% of the price at the date of the advance or 90% of the lowest daily volume-weighted average price (VWAP) over the 5 trading days immediately prior to conversion.

READ:Amur Minerals expects substantial upgrade as it kicks off new resource assessment

In conjunction with each advance, the investors will be issued with warrants to the value of 30% of the value of each advance at an exercise price which is at a 30% premium to the price of each advance. Each set of warrants will be exercisable for a period of 3 years.

The net proceeds of the initial advance will be used by Amur to progress development of the Kun-Manie project including updating of the resource and reserves statement, development of an optimised production schedule, update of the current economic model including all newly acquired technical data and cost information and additional metallurgical test work; and for general and administrative requirements.

 

 

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Tue, 13 Feb 2018 08:13:00 +0000 http://www.proactiveinvestors.co.uk/companies/news/191560/amur-secures-us10mln-convertible-loan-for-development-of-kun-manie-191560.html
<![CDATA[RNS press release - Up To US$10 Million Loan Facility ]]> http://www.proactiveinvestors.co.uk/companies/rns/57/LSE20180213070003_13530576/ Tue, 13 Feb 2018 07:00:03 +0000 http://www.proactiveinvestors.co.uk/companies/rns/57/LSE20180213070003_13530576/ <![CDATA[News - Amur Minerals expects substantial upgrade as it kicks off new resource assessment ]]> http://www.proactiveinvestors.co.uk/companies/news/190668/amur-minerals-expects-substantial-upgrade-as-it-kicks-off-new-resource-assessment-190668.html Amur Minerals Corp (LON:AMC) has started a new resource assessment process for the Kun Manie project in Russia’s Far East and it told investors to expect a substantial upgrade from last February’s estimate.

Last year’s estimate was based on deposits with a total strike length of 1.4 kilometres, whereas, following new data from the 2017 drill campaign the new assessment will estimate resources across an expanded 3.6 kilometres.

READ: Amur Minerals boosts strike length at Kun-Manie to 3.6km

Amur highlighted that the new estimates will cover the Ikenskoe / Sobolevsky (IKEN) and Kubuk (KUB) deposits as well as a newly discovered orebody (ISK), which links the other two deposits. 

"With drilling having confirmed mineralisation along over 3.6 kilometres of length where only 1.4 kilometres had been previously drill identified, we anticipate a substantial increase in the nickel copper resource of February 2017,” said chief executive Robin Young.

“Going into the initiated RPM update, the area was defined to contain about 258,000 nickel tonnes or about a third of our global 770,000 tonne nickel resource inventory."

READ: Amur Minerals 'in the right place, at the right time with the right commodity'

The company is proceeding with the mineral estimation process because it has now received the final quality assurance / quality control analytical results for the 2017 campaign, and it has now commissioned consultant RPM Global to provide the new reports.

In late afternoon trading, Amur Minerals' shares held steady at 7.3p.

 -- Adds share price --

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Fri, 26 Jan 2018 07:32:00 +0000 http://www.proactiveinvestors.co.uk/companies/news/190668/amur-minerals-expects-substantial-upgrade-as-it-kicks-off-new-resource-assessment-190668.html
<![CDATA[RNS press release - Resource Update Initiated ]]> http://www.proactiveinvestors.co.uk/companies/rns/57/LSE20180126070002_13510311/ Fri, 26 Jan 2018 07:00:02 +0000 http://www.proactiveinvestors.co.uk/companies/rns/57/LSE20180126070002_13510311/ <![CDATA[News - Amur Minerals boosts strike length at Kun-Manie to 3.6km ]]> http://www.proactiveinvestors.co.uk/companies/news/189709/amur-minerals-boosts-strike-length-at-kun-manie-to-36km-189709.html Independent analysis of its 2017 drill programme has confirmed a 180 % increase in the length of the mineralised trend at Amur Minerals Group PLC’s (LON:AMC) Kun-Manie nickel project in Russia.

Robin Young, Amur’s chief executive, said: “An increase of approximately 180% in mineralised length from 1.4 kilometres to 3.6 kilometres has proven that the Ikenskoe / Sobolevsky and Kubuk deposits are part of a much larger deposit with the addition of the ISK orebody lying between the two greatly expanded deposits.

READ: Amur Minerals 'in the right place, at the right time with the right commodity'

“The drill indicated grades for both nickel and copper are also higher than estimated within our February 2017 Mineral Resource Estimate.

Young believes the new nickel may be as much as that already defined at the Maly Kurumkon/Flangovy deposit and is optimistic for a substantial increase on the previous resource estimate.

Kun-Manie is in Far East Russia and at present has a defined resource of 101.3mln tonnes of ore at a nickel grade of 1.03% or the equivalent of more than one million tonnes of metal.

READ: Amur Minerals encouraged by latest findings for Kun-Manie open pit proposals

Amur drilled 20,000m in the latest drill campaign, which expanded the strike by an additional 2,250m (to 3,650m) across the deposits at Maly Kurumkon/Flangovy, Ikenskoe/Sobolevsky (IKEN) and Kubuk (KUB) deposits andin  the corridor between these deposits (ISK).

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Tue, 09 Jan 2018 07:49:00 +0000 http://www.proactiveinvestors.co.uk/companies/news/189709/amur-minerals-boosts-strike-length-at-kun-manie-to-36km-189709.html
<![CDATA[RNS press release - Final 2017 Drill Programme Results ]]> http://www.proactiveinvestors.co.uk/companies/rns/57/LSE20180109070002_13489200/ Tue, 09 Jan 2018 07:00:02 +0000 http://www.proactiveinvestors.co.uk/companies/rns/57/LSE20180109070002_13489200/ <![CDATA[RNS press release - Second Price Monitoring Extn ]]> http://www.proactiveinvestors.co.uk/companies/rns/57/LSE20180102164043_13482820/ Tue, 02 Jan 2018 16:40:43 +0000 http://www.proactiveinvestors.co.uk/companies/rns/57/LSE20180102164043_13482820/ <![CDATA[RNS press release - Price Monitoring Extension ]]> http://www.proactiveinvestors.co.uk/companies/rns/57/LSE20180102163515_13482801/ Tue, 02 Jan 2018 16:35:15 +0000 http://www.proactiveinvestors.co.uk/companies/rns/57/LSE20180102163515_13482801/ <![CDATA[RNS press release - Result of AGM ]]> http://www.proactiveinvestors.co.uk/companies/rns/57/LSE20171117152039_13436156/ Fri, 17 Nov 2017 15:20:39 +0000 http://www.proactiveinvestors.co.uk/companies/rns/57/LSE20171117152039_13436156/ <![CDATA[RNS press release - Notice of Annual General Meeting ]]> http://www.proactiveinvestors.co.uk/companies/rns/57/LSE20171031070005_13414005/ Tue, 31 Oct 2017 07:00:05 +0000 http://www.proactiveinvestors.co.uk/companies/rns/57/LSE20171031070005_13414005/ <![CDATA[Media files - Amur Minerals 'in the right place, at the right time with the right commodity' ]]> http://www.proactiveinvestors.co.uk/companies/stocktube/8264/amur-minerals-in-the-right-place-at-the-right-time-with-the-right-commodity--8264.html Thu, 19 Oct 2017 14:01:00 +0100 http://www.proactiveinvestors.co.uk/companies/stocktube/8264/amur-minerals-in-the-right-place-at-the-right-time-with-the-right-commodity--8264.html <![CDATA[News - Amur Minerals encouraged by latest findings for Kun-Manie open pit proposals ]]> http://www.proactiveinvestors.co.uk/companies/news/185783/amur-minerals-encouraged-by-latest-findings-for-kun-manie-open-pit-proposals-185783.html Amur Minerals Corporation (LON:AMC) updated on its operations at the Kun-Manie project in Russia where it is evaluating possible open-pit mining opportunities.

The company is testing four drill defined deposits and it said new results can allow it to assess the economic potential of the open-pit only project, with subsequent analysis set to determine the potential to access deeper ores via underground mining.

READ: Amur Minerals expects to be very busy through the remainder of the year

Specifically, the company is looking at the Maly Kurumkon / Flangovy (MKF) deposit which was previously deemed suitable for both mining methods.

In a statement, the company noted that some 76% of a resource estimate earlier this year can be mined by open-pit, with the material hosted within pit mining limits defined by nickel pricing between US$3.20 per pound and US$3.60 per pound. Nearly 93% of the accessible resource is already estimated within the higher confidence ‘measured and indicated’ resource category, so the need for additional infill drilling work is limited.

It envisages open-pit production of some 77mln tonnes, containing 564,100 tonnes of nickel and 151,500 tonnes of copper as well as by-product cobalt, platinum and palladium.

The open-pit mine earning (EBITDA) is estimate to earn more than US$1.6bn, which represents an upgrade on a prior estimate of US$1.2bn, and the company noted that it is based on conservative assumptions for metal prices than before.

Chief executive Robin Young described the latest findings as encouraging, highlighting that the present data excludes the new areas of ore unearthed in this year’s drill programme (which doubled resources at both the Ikenskoe/Sobolevsky and Kubuk areas).

WATCH: Amur Minerals looking at a material increase to current resource at Kun-Manie

"We are pleased to provide the initial results of the mining potential at Kun-Manie,” Young said.

“Whilst Amur is looking at both open pit and underground mining production, this evaluation of an exclusive open pit mining assessment has included and consolidated an abundance of newly acquired information since our last report on mining potential in 2015. 

“With new resource models from February 2017, a Prefeasibility Study identifying a more definitive mining approach for underground ore mining is being updated.  This will include the available independently reviewed operating costs, additional metallurgical recovery information and a comprehensive review of all preceding results.”

He added: "Having determined that nearly 77% of our resource falls within four open pits, we can assess the economic potential of the exclusive open pit option and can now move forward to establish the underground mining potential. 

“A key consideration in this assessment is to maximize the operating profit per ore tonne.  It is likely that portions of the open pit ores may be more profitably mined by underground methods and we may also be able to recover ores that do not fall within the currently defined pit limits.”

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Wed, 18 Oct 2017 08:18:00 +0100 http://www.proactiveinvestors.co.uk/companies/news/185783/amur-minerals-encouraged-by-latest-findings-for-kun-manie-open-pit-proposals-185783.html
<![CDATA[RNS press release - Mining Update ]]> http://www.proactiveinvestors.co.uk/companies/rns/57/LSE20171018070003_13400149/ Wed, 18 Oct 2017 07:00:03 +0100 http://www.proactiveinvestors.co.uk/companies/rns/57/LSE20171018070003_13400149/ <![CDATA[News - Q&A with Amur Minerals' Robin Young next week - send us your questions ]]> http://www.proactiveinvestors.co.uk/companies/news/185354/qa-with-amur-minerals-robin-young-next-week-send-us-your-questions-185354.html Q&A - AMUR MINERALS

Amur Minerals PLC's (LON:AMC) Robin Young is the Proactive studio next Thursday - Oct 19 - to update on the Kun-Manie nickel project.

Send your questions about Kun-Manie to: stocktube@proactiveinvestors.com

and be sure to include: AMUR MINERALS in the subject line

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Tue, 10 Oct 2017 14:12:00 +0100 http://www.proactiveinvestors.co.uk/companies/news/185354/qa-with-amur-minerals-robin-young-next-week-send-us-your-questions-185354.html
<![CDATA[News - Amur Minerals expects to be very busy through the remainder of the year ]]> http://www.proactiveinvestors.co.uk/companies/news/184824/amur-minerals-expects-to-be-very-busy-through-the-remainder-of-the-year-184824.html Amur Minerals Corp (LON:AMC) has told investors it expects to be very busy throughout the remainder of 2017.

The company, in its half yearly results, said it is aiming to complete and extend the drilling programme at the Kun Manie project and that work is expected to have a material impact on the economic potential of the mine.

WATCH: Amur Minerals looking at a material increase to current resource at Kun-Manie

Presently, Amur has so far drilled some 23,000 metres of drilling in the programme.

It will also help Amur complete an updated prefeasibility study.

Additionally, the company said it will continue to work closely with Medea as it continues to develop the near and long-term financing opportunities.

READ: Amur anticipates sizeable increase in nickel resource at Kun-Manie

The mine developer ended the period with US$5.4mln in cash reserves, and reported a US$1.3mln loss.

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Fri, 29 Sep 2017 09:02:00 +0100 http://www.proactiveinvestors.co.uk/companies/news/184824/amur-minerals-expects-to-be-very-busy-through-the-remainder-of-the-year-184824.html