Proposed change could cut tax bill by US$100mln and give significant boost to net present value of the Kun-manie nickel project.
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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.
24/05/13
Kun-Manie Mining Licence Update02/05/13
Price Monitoring Extension30/04/13
Price Monitoring Extension23/04/13
Grant of Options and Directors Dealing19/04/13
Operational Update - Kun-Manie Drill Programme09/04/13
Proposed change could cut tax bill by US$100mln and give significant boost to net present value of the Kun-manie nickel project.
28/02/2013
HB Markets initiates coverage with a "speculative buy" rating.
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
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
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
| 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 |
| Date | Type | Turnover | Profit | EPS (p) | Dividend (p) | Currency |
|---|---|---|---|---|---|---|
| 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 |
| 30/06/11 | Interim | 0.00 | -1.96 | -0.70 | 0.00 | USD |
| 31/12/10 | Full year | 0.00 | 0.37 | 0.20 | 0.00 | USD |
| 30/06/10 | Interim | 0.00 | -1.42 | -1.00 | 0.00 | USD |
Amur Minerals currently has two projects in the far east of Russia, a region rich in mineral resources:
Kun-Manie - world class Ni, Cu sulphide deposit
Kustak - Ni, Cu, Mo extension of the Kun-Manie license, a 20 year exploration and mining licence

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.
Kustak
In February 2007, Amur acquired the Kustakskaya Project, immediately to the east of the Kun-Manie licence and across the Amur Oblast and Khabarovsk Krai border. This 1,034 square kilometre, 25 year exploration and production licence contains two geological terrains. Each terrain contains a different mineralisation type target. The southern half of the licence is interpreted to be a continuation of the Krumkon Trend identified within the Kun-Manie exploration licence. The northern half of the licence area contains Mesozoic granitic intrusives wherein historical Russian results indicate the potential for copper, molybdenum, cobalt and minor nickel to be present. The Company will undertake field exploration of this licence area in 2008 in accordance with the terms of the licence.

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.
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Shareholder Distribution
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Director Holdings
Updated from Amur Minerals website 18.07.2012
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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
Nominated Adviser and Joint Broker
RBC Europe Limited
Riverbank House
2 Swan Lane
London
EC4R 3BF
Joint Broker
Merchant Securities Limited
51-55 Gresham Street
London EC2V 7HQ
Auditors
BDO LLP
Chartered Accountants and Registered Auditors
55 Baker Street
London W1U 7EU
Public Relations
Lothbury Financial Services
68 Lombard Street
London EC3V 9LJ
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)
Macleod Dixon ELP
2nd Floor, 2/3 Paveletskaya Square
Moscow 115054