Amur Minerals Corp - Hydrological Assessment Complete
Hydrological Assessment Complete
The Hydrological Assessment has confirmed the presence of substantial groundwater reserves located along the Maly Kurumkon and Bolshoy Kurumkon water sheds (referred to as the Ataga underground water deposit) sufficient to support the Kun-Manie proposed mining operation. The assessment confirms both potable/ablution water and process water supplies are available for the mining and ore processing of six million tonnes of ore per annum. The assessment has been reviewed and approved by the
Hydrological Assessment highlights:
· The hydrological assessment has been completed in accordance with Russian regulatory procedures.
· The work programme has identified two geographically separated water sources. One each for potable/ablution water and industrial usage inventories. Water reserves are projected to cover a minimum project life of 25 years.
· The results confirm that 700 cubic metres per day of potable/ablution water is available to support the anticipated site crew of about 500 personnel. The source of the potable/ablution water is located well upstream (approximately three kilometers, the recommended protection boundary) from the proposed plant site.
· During operations, the potable and ablution waters will be drawn from two wells (one acting as a backup well) and sourced from subsurface waters identified along the Maly Kurumkon water course. The water quality meets the
· Subsurface industrial water in the amount of 7,000 cubic metres per day of makeup water is required and has been identified along the Bolshoy Kurumkon water course adjacent the planned process plant site. Sourcing of the industrial water will require an eight hole field (including one backup hole) with the holes being spaced at 450 metres intervals along the water course. The initial startup water charge, approximately 50,000 cubic metres, is anticipated to be initially sourced through a combination from the nearby
· Based on the Company's completed work, independent hydrological consultant assessments and expert reviews by Russian authorities, it is stated that existing reserves fully satisfy the declared demand for water usage.
The key findings of the Hydrological Assessment report will be incorporated into the ensuing western Feasibility Study ("FS") work.
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"Results from the Hydrological Assessment have established that a more than sufficient water supply is available to fully support the annual six million tonne of ore operation at our Kun-Manie nickel copper sulphide operation. Comprised of two categories of water which are potable/ablution waters to support a 500 staff operation and industrial usage to crush, grind and float the sulphide metals from the ores allowing for the generation of concentrates, these waters can be derived from a limited number of holes, ten in total. This indicates that a relatively small cost will be required to develop the necessary two well fields.
"With the potable/ablution and industrial waters being sourced from two separate locations, we can be assured that the hydrological programme identified by the assessment maintains the integrity and quality of the critical potable/ablution source."
Market Abuse Regulation (MAR) Disclosure
Certain information contained in this announcement would have been deemed inside information for the purposes of Article 7 of Regulation (EU) No 596/2014 until the release of this announcement.
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Notes to Editors
The information contained in this announcement has been reviewed and approved by the CEO of Amur, Mr.
For further information, and Company updates see the Company website at www.amurminerals.com and twitter page @amur_minerals.
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