Amur Minerals Corp - Q4 2020 NRR Convertible Loan Note Payment Receipt
Amur Minerals Corporation
("Amur" or "the Company")
Q4 2020 NRR Convertible Loan Note Payment Receipt
Amur Minerals Corporation ("Amur" or the "Company"), the nickel-copper sulphide mineral exploration and resource development company focused on the far east of
· This payment is the first full quarter payment totaling
· The coupon for the
· As at
The NRR Roper Bar Investment
Amur's interest in NRR is held through its wholly owned subsidiary, Carlo Holdings Limited ("CHL"). The purchase value of the CLN's was
The CLNs are convertible at the holder's option at any time from issue until 15 days prior to their maturity date on
The CLNs provide security over the issued share capital of NRR Group Pty Ltd and its subsidiary's interest in the mineral leases and mineral exploration licenses owned by it in connection with the Roper Bar Project once CHL / Amur receive Foreign Investment Review Board ("FIRB") confirmation that there is no objection to grant such security. This remains to be completed and Mr.
The Roper Bar Iron Ore Project
The Roper Bar Iron Ore Project was acquired by NRR in 2017 and is situated in the
The Roper Bar Project has a fully integrated 'pit-to-port' logistics chain including a privately owned 171 km paved access road to a port which includes an existing barge load-out facility and product stockyard. NRR has a 2-stage restart programme with Stage 1 covering 4.0 Mt of DSO and 1.0 Mt of DMS (Dense Media Separation) production at 1.5 - 1.8 Mtpa over 3 years. Stage 2 expansion includes the installation of a silica flotation plant with target production of 4 - 5Mtpa of lump, fines and concentrate.
"The Nathan River Resources' Roper Bar Iron Ore Operation has benefitted from the more than 50% run up in iron ore prices during 2020. Despite the Covid-19 pandemic, iron ore availability to maintain
Having reached the end of the year, our lead contacts with NRR President
For more information on AMC's assets, visit www.amurminerals.com and twitter page @amur_minerals regarding the Kun-Manie nickel copper sulphide project and www.nathan-river.com for the Roper Bar Iron Ore project.
Competent Person's Statement
The information contained in this announcement has been reviewed and approved by the CEO of Amur, Mr.
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.
Amur Minerals Corp.
Nomad and Broker
S.P. Angel Corporate Finance LLP
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