Stocktube video
29/09/2011

Amur Minerals CEO says the company is “cashed up to move the project forward”

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Additional Information
Market: AIM
Sector: General Mining - Nickel and Cobalt
EPIC: AMC
Latest Price: 5.00p  (-5.30% Descending)
52-week High: 16.88p
52-week Low: 4.25p
Market Cap: 17.66M
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Amur Minerals
www.amurminerals.com

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.

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Amur Minerals’ Kun Manie nickel project moves forward with completed valuation report

31st Oct 2011, 8:50 am by Jamie Ashcroft A federal agency has compiled a comprehensive report which values of the projected recovered metals from Kum Manie

 

Amur Minerals Corporation (LON:AMC) has taken another step forward in the permitting process for the Kun Manie nickel project in Russia with the completion of an essential report.

It explained this morning that the Research Center Of The Institute For Geological Exploration Of Base And Precious Metals (TSNIGRI) – a federal agency - has compiled a comprehensive report which values the projected recovered metals within the complex concentrate of the Kun-Manie project.  

The value is based on the estimated recovered metals of nickel, copper, cobalt, gold, silver, platinum, palladium and sulphur.  

Amur said that the report, which is integral in determining the fee it must pay for the mining licence on approval, has now been sent to Russia’s Ministry of Economic Development (MED).

The MED will now review the report as part of the permitting process.

"Amur is pleased that TSNIGRI has undertaken and completed the task of valuing the projected value of the concentrate and ore based on the Russian metallurgical test work,” said chief executive Robin Young.

“This report is an important step forward in the mining licence approval process and we will closely monitor the review by the MED and will update shareholders as the document is reviewed and processed by the MED."

 

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