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Amur Minerals Corporation (AMC) is a rapidly-growing mineral resource exploration and development company focused on base metal projects located in the far east of Russia. The Company has three properties in the region with its principal asset being the Kun-Manie sulphide nickel, copper project located in Amur Oblast. With a JORC compliant resource of over a quarter of a million tons of contained nickel, Kun-Manie is one of the five largest new nickel sulphide discoveries since Voisey’s Bay.

Website:
http://www.amurminerals.com
Phone:
+44 (0)7981 126 818
Address:
Kingston Chambers, PO Box 173, Road Town, Tortola, British Virgin Islands.
Super Sector:
General Mining - Nickel and Cobalt
Sector:
Mining
Industry:
General Mining
EPIC / Symbols:
LON:AMC
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*subject to change and depends on individual circumstances.

Amur Minerals RNS Press Releases

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Amur Minerals Articles, News, and Media Files

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Amur Minerals Related Media

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Broker press

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  • 25/03/13
    +0.25 +8.65

    HB Markets initiates coverage with a "speculative buy" rating.

  • 13/12/10
    +4.37 +9.50

    Press: Amur Minerals rose after saying three Russian authorities had approved its plans for a nickel-copper project and that the fourth and... read more

  • 24/08/10
    +0.25 +6.25

    an article in the Express reports: Amur Minerals Amur Minerals Corporation rose 0.88p to 6p amid speculation of a two-year extension to its exploration rights on its... read more

  • 28/03/08
    +0.00 +16.75

    IC says Buy (17.25p): BULL POINTS Hugh share price discount to net present value - Mine will be low-cost producer - Study costs conservative - Significant... read more

Director dealings

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Date Director Trans Amount Type Price(p) Value (£) Holding %
22/04/13 B.C. Savage FEES 87,634 ORD 0.00 0 181,383 0.05
22/04/13 R.W. Schafer FEES 103,653 ORD 0.00 0 250,622 0.07
22/04/13 R.J. Young FEES 184,176 ORD 0.00 0 1,771,336 0.50
15/12/11 B.C. Savage FEES 93,749 ORD 0.00 0 93,749 0.03
15/12/11 R.W. Schafer FEES 113,636 ORD 0.00 0 146,969 0.05

BASIC RESULTS INFORMATION

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Date Type Turnover Profit EPS (p) Dividend (p) Currency
31/12/13 Full year 0.00 -3.83 -0.90 0.00 USD
30/06/13 Interim 0.00 -2.02 -0.60 0.00 USD
31/12/12 Full year 0.00 -4.00 -1.20 0.00 USD
30/06/12 Interim 0.00 -6.37 -1.90 0.00 USD
31/12/11 Full year 0.00 -4.61 -1.70 0.00 USD

Presentations & Company Media

Current Operations

 

Amur Minerals currently has two projects in the far east of Russia, a region rich in mineral resources:

Kun-Manie -  Ni, Cu sulphide deposit

 

 


 

 

Kun-Manie

The Kun-Manie licence area is approximately 950 km² and is located 700 km northeast of the capital city of Blagoveshchensk located on the Chinese border. Amur Minerals commenced seasonal field work on the licence in 2004 and has already established total measured, indicated and inferred resources of over 250,000 tones of contained nickel and 72,500 tons of copper.

 

Geological Setting

The dominant geological feature within the licence is the Kun-Manie Massif, which is a metagabbro-anorthosite intrusive of Early Archaean age. The massif hosts a series of mafic and ultramafic nearly flat lying sills, some of which contain economic amounts of sulphide which are enriched with nickel, copper, platinum and palladium. The majority of the identified sills are located within the 40 kilometre long by 2 kilometre wide Krumkon Trend which represents the primary exploration target. Mineralisation includes nickel bearing pentlandite, pyrrhotite and copper-bearing chalcopyrite occurring in both disseminated and veinlet form. To date, more than 100 such sills ranging in thickness from less than a metre to more than 60 metres have been identified within the trend, although not all contain sulphides.

 

 

Work carried out to date

Work carried out to date on the Kun-Manie licence including geophysics, diamond core drilling, trenching and geological mapping which has identified four mineralised targets; the Vodorazdelny, Ikenskoe, Maly Krumkon and Falcon zones, three of which warrant further exploration as the limits of the mineralisation have not been identified.  The four zones are located within a 15 kilometre long segment of the Krumkon Trend.  An additional three drill targets known as Chornie Ispelene, Yan Hegd and Kubuk (also referred to as Ata) have been identified.  Chornie Ispelene and Kubuk lie within the trend whilst the vertically oriented Yan Hegd is located approximately 8 kilometres to its north.  Approximately 50% of the Krumkon Trend remains to be examined by reconnaissance work where existing Soviet data indicates potential exists to identify additional drill targets.

 

For more information please click here

Management

 

Robert Schafer, Chairman (Non-Executive)

Mr Schafer has 29 years of experience in the mineral industry, working in the international sector with both major and junior mining companies. He is currently Vice-President, Business Development with Hunter Dickinson Inc., a globally active private natural resources corporation. Throughout his career Mr Schafer has worked internationally, with notable experience in the far east of Russia, Southern Africa, South America and Australia. His work has included the structuring and implementation of successful exploration strategies, project reviews and valuations leading to acquisitions, and the management of local and expatriate exploration teams operating in a wide variety of geologic environments.

 

Robin Young, Chief Executive Officer

Mr Young is a geologist and mining engineer who has worked extensively in the CIS since 1991. He has 30 years of experience in the mineral resources industry overall, which has included large projects in remote areas as well as significant work with junior mining companies. He has held positions of increasing responsibility within the exploration, development and production sectors. Since 1980, he has been involved in the international sector and has been the Chief Executive Officer of two geological and mining consultancy companies. He has been CEO of the Company since October 2004. Mr. Young is a licensed Professional Geologist and holds a Bachelor of Science degree in Geological Engineering.


Brian Savage, Non-Executive Director

Mr Savage is a founder of Frontier Mining Limited and served as a Director since that company’s formation in August 1998, acting as Chief Executive Officer between 2001 and 2009. He has 20 years’ experience in all aspects of the mining industry, having held senior positions in the Bank of New York, Sharps Pixley and the Bank of Montreal. In 1996, he become President of Earth Search Sciences Inc (ESSI), a remote sensing company with applications in the mining industry, playing a major role in the Remote Sensing Mission to Kazakhstan (sponsored by the U.S. Government) and formed several joint venture companies in Kazakhstan. Mr Savage left ESSI in 1998 and formed Frontier, having acquired the relevant data and local rights to the ESSI findings. He has a BSc in Mining Engineering and an MSc in Mineral Economics from the Colorado School of Mines.

 

Major Shareholders

 

For more information please click here

  • Additional Information
    Market
    AIM
    EPIC
    AMC
    Share Price
    3.4p
    Change
    0.27
    Volume
    744,974
    Dividend
    0
    EPS
    -0.90
    Shares
    431.15 m
    Offer
    3.8
    Bid
    3
    Avg. Vol
    800,796
    Yield
    0.00
    P/E
    51.25
    Mkt Cap
    £14.66 m
  • Latest Stocktube
    01/07/2014

    Amur Minerals' Young on Kun Manie mining licence progress

    View full size
  • Contact Information

     

    Registered Office

    Kingston Chambers

    P.O. Box 173

    Road Town

    Tortola

    British Virgin Islands

     

     

    Khabarovsk

    Robin Young

    14 Gaidar Street

    Office 9

    Khabarovsk 680063

    Russia

    Telephone: +7 4212 755 615

    e-mail:  rjyoung@amurminerals.com

     

     

    Corporate Information

     

    Nominated Adviser and Broker

    S. P. Angel Corporate Finance LLP

    Prince Fredrick House

    35 - 39 Maddox Street

    London

    W1S 2PP

     

    Auditors

    BDO LLP

    Chartered Accountants and Registered Auditors

    55 Baker Street

    London W1U 7EU

     

    Public Relations

    Yellow Jersey PR Limited

    76 Great Suffolk Street

    London

    SE1 0BL

     

    Solicitors to the Company

    (England and Wales)

    Field Fisher Waterhouse LLP

    35 Vine Street

    London EC3N 2AA

    United Kingdom


    Legal Advisers to the Company

    (British Virgin Islands)

    Maples and Calder

    PO Box 173

    Sea Meadow House

    Road Town

    Tortola

    British Virgin Islands

     

    Legal Advisers to the Company

    (Russian Federation)

    Norton Rose Fulbright (Central Europe) LLP

    White Square Office Center

    Butyrsky Val St. 10, Bldg. A

    Moscow 125047

    Russian Federation

     

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