Proactiveinvestors United Kingdom Amur Minerals Corporation Proactiveinvestors United Kingdom Amur Minerals Corporation RSS feed en Sun, 09 Dec 2018 19:22:48 +0000 Genera CMS (Proactiveinvestors) (Proactiveinvestors) <![CDATA[RNS press release - Notice of Annual General Meeting ]]> Wed, 28 Nov 2018 12:26:37 +0000 <![CDATA[RNS press release - Conversion of Loan and Issue of Equity ]]> Wed, 28 Nov 2018 10:54:22 +0000 <![CDATA[RNS press release - Directors Dealing ]]> Tue, 20 Nov 2018 10:28:29 +0000 <![CDATA[RNS press release - Investor Event ]]> Mon, 19 Nov 2018 15:05:17 +0000 <![CDATA[Media files - Amur Minerals' Robin Young talks through strategic plan for Kun-Manie development ]]> Mon, 19 Nov 2018 11:01:00 +0000 <![CDATA[News - Amur outlines strategic plan for the development of Kun-Manie ]]> Amur Minerals Corporation (LON:AMC) has set out a strategic plan for the development of the Kun-Manie nickel-copper sulphide mineral project in the far east of Russia.

The company will focus on engineering and taking the Kun-Manie project to bankable feasibility study level, on infrastructure, on the engagement of a strategic partner, and on a phased funding process.

READ: Nickel from Amur’s Kun-Manie project destined for China and electric vehicle batteries

"The Kun-Manie nickel-copper sulphide project has now been sufficiently explored wherein the resource and numerous studies have confirmed both its technical and economic potential to produce Class 1 nickel suited for the expected growth of the Electronic Vehicle ("EV") market,” said Amur chief executive Robin Young. 

"The fully integrated, strategic plan is intended to build on the company's exploration success and address the technical and financial challenges a junior miner, such as Amur, faces when it controls 100 per cent of the largest undeveloped nickel sulphide project immediately adjacent the world's three largest nickel consumers.

"Going forward, Amur and its management team will be working to progress the Kun-Manie project up the mining value curve, although this will now feature more corporate and project development work rather than exploration work. We will also be intensifying our past and current activities to identify additional, well suited, expertise and industry partners, who tend to contribute at an asset rather than group level.”



Mon, 19 Nov 2018 08:20:00 +0000
<![CDATA[RNS press release - Strategic Plan ]]> Mon, 19 Nov 2018 07:00:04 +0000 <![CDATA[News - Amur Minerals Corporation says delayed study will "meet the expectations of as wide an audience as possible" ]]> Amur Minerals Corporation PLC (LON:AMC) said its pre-feasibility study (PFS) will be released in the first quarter of next year as it confirmed there had been interest in the Kun-Manie nickel project.

It explained it wanted to take additional time address areas highlighted by potential strategic partners mulling whether to participate in the development of the deposit in eastern Russia.

READ: Amur could mine from one much larger pit at Kun-Manie rather than the three previously envisaged

The company believes any amendments will enhance the quality of the study and would allow for a “document that more readily meets the expectations of as wide an audience as possible”.

"The completion of the PFS has taken longer than initially expected and it is understandable that this delay has caused concern,” said chief executive Robin Young.

“We want to ensure that the standard of the PFS meets with the expectations of the multiple intended audiences and therefore provides a more encompassing strategic long-term plan.

“It is envisaged that the additional time spent on the PFS, in association with the strategic plan, will establish a valuable and more fully encompassing assessment of Kun-Manie in line with our corporate development plan and potential.”

As well as working on the study, the Amur team has also been putting together the 2019/20 strategic plan.

Mon, 12 Nov 2018 07:39:00 +0000
<![CDATA[RNS press release - Update on PFS ]]> Mon, 12 Nov 2018 07:00:03 +0000 <![CDATA[News - Amur could mine from one much larger pit at Kun-Manie rather than the three previously envisaged ]]> During the 2018 field season, Amur Minerals Corporation (LON:AMC) completed just over 32,500 metres of drilling within 169 drill holes located throughout its Kun-Manie mining licence area.

Amur has now drilled a total of nearly 120,000 metres.

WATCH: Amur Minerals cements its focus on Asia as end to 2018 drilling nears

The majority of the inferred resource at Ikenskoe and Kubuk has now been drilled on a 100 metre by 100-metre grid to upgrade it to an indicated resource that will then be used to determine reserves.

The resource at Ikenskoe has also been extended laterally.

Final analytical results are anticipated to be available Q1 2019.

Based on the March 2018 resource estimate, the newly discovered mineralisation and the conversion of existing Inferred resources, it’s now anticipated that there will be a material change to the preliminary ultimate pit designs. 

Previously, it was indicated that three separate pits could be mined.  With the linking of the deposits recently drilled, new ultimate pit optimisation results may result in the unification of the three currently identified pits into a single large ultimate pit having an overall reduced stripping ratio.

"Having successfully completed the 2018 engineering-related drill programme at our Kun-Manie nickel-copper sulphide project, the company can fully shift its focus to the detailed engineering phase of the project,” said chief executive Robin Young. 

"With the focus on all drilling being done to define indicated resources, we believe as much as 30 million tonnes of existing inferred ore may have been converted to indicated and the potential to increase the mineral resource inventory by up to an additional 25 million tonnes should materially impact the estimated mineral resource of the project.”


Mon, 05 Nov 2018 08:18:00 +0000
<![CDATA[RNS press release - Amur Completes 2018 Drill Programme ]]> Mon, 05 Nov 2018 07:00:04 +0000 <![CDATA[RNS press release - Directors Dealing ]]> Mon, 22 Oct 2018 11:19:32 +0100 <![CDATA[News - Amur Minerals says the time is right to find a strategic partner ]]> Amur Minerals (LON:AMC) said that it would turn its focus to corporate development after a successful 2018 field season and that the time was right to find a long-term strategic partner.

The company said that the 2018 field season represented the completion of mineral resource drilling and that it has sufficient minable resource at a grade and level of profitability - over a 15 year plus life - to confidently present to potential long-term strategic partners and funding institutions.

READ: Amur Minerals sees 81% increase in inferred high-grade zone at Kun-Manie

“Once the 2018 field season has been completed, the company's focus will turn predominantly to corporate development. Work on setting the foundations for this change in focus has been on-going throughout the period to date. An important consequence of this is that it will greatly lessen, but not eliminate, the company's requirement for further funding while we develop and work through the corporate development programme in 2018/19,” the company said in a statement on Friday.

Amur Minerals added that it had completed the data set for the reporting of Russian reserves, which it needs to obtain a Russian certified reserve. These are used in the development of mine designs requiring Russian regulatory approvals.

Amur said that it had cash reserves of US$3.4mln at the end of June 2018, up from US$2.6mln at the start of 2018.

The miner added that it had been successful in conserving its cash reserves, allowing it to continue to work closely with its financial advisors developing other near and long-term financing opportunities. It said it was confident that the company would be able to raise funds in the near future.

Amur said it had spent US$1.3mln on exploration costs during the period, down from US$1.7mln last year. Shares in the company were 3.8% down at 4.21p in mid-morning trade.


Fri, 28 Sep 2018 10:09:00 +0100
<![CDATA[RNS press release - Interim Results 2018 ]]> Fri, 28 Sep 2018 07:00:08 +0100 <![CDATA[RNS press release - Directors Dealing ]]> Thu, 20 Sep 2018 11:45:02 +0100 <![CDATA[RNS press release - Conversion of Loan and Issue of Equity ]]> Wed, 19 Sep 2018 11:16:59 +0100 <![CDATA[News - Amur Minerals sees 81% increase in inferred high grade zone at Kun-Manie ]]> Amur Minerals Corporation (LON:AMC) has reported “highly productive” drilling activity for the month of August at its Kun-Manie nickel copper sulphide project in eastern Russia, with its Ikenskoe / Sobolevsky (IKEN) Inferred High Grade Zone (IIHG) expanding its deposit size by 81%.

The AIM-listed miner said a total of 29 holes had been drilled over the month, with the IKEN IIHG increasing the deposit size from 0.16 square kilometres to 0.29 square kilometres.

WATCH: Amur Minerals cements its focus on Asia as end to 2018 drilling nears

The mineralisation within the IIHG was also indicated at a thickness of 30.9 meters averaging 0.91% for nickel and 0.25% for copper.

The company expects that the update of the IKEN mineral resource estimate, which includes the IIHG area, will result in a substantial increase with regard to total mineralised tonnes and the JORC resource category. 

At the beginning of the drill season, the IIHG was estimated to contain 14.6mln tonnes of Inferred resource averaging 0.87% nickel and 0.24% copper. With expansion of the resource, the area could source as much as four years of higher grade production for the processing plant.

Amur also said it had joined up the ISK and Kubuk orebodies with the discovery of a 400m long mineralised zone between the two. In addition, drilling had expanded the ISK orebody by an additional 100m to the west. 

The total length of the unified orebody from the west end of ISK to the east end of the KUB orebody is projected to be 2,800m.

The firm added that four holes drilled along the strike of this connected orebody indicated an average thickness of 67.3m at 0.75% nickel and 0.20% copper.

"Unexpected but promising results"​

Looking to September, Amur said it planned to continue drilling with the target being the final portion of the metallurgical sample, defining the up-dip limits of mineralisation of the ISK area, and continue drilling the west end of the ISK adjacent to a 100m barren area.

Robin Young, chief executive of Amur Minerals, the drilling results were anticipated to have “a material impact” on the mineral resource estimate, the mining ore reserve, the optimisation of the production schedule and the projected economic potential of Kun-Manie.

He added that drilling of secondary priority targets had provided “unexpected, but promising results” with “substantial” discoveries of new mineral in areas thought to have had limited potential, including the firm’s best ever interval of 98.6m of 0.89% nickel and 0.23% copper.

In mid-morning trading Wednesday, Amur Minerals shares were steady around 3.9p.

Wed, 19 Sep 2018 10:34:00 +0100
<![CDATA[RNS press release - August 2018 Drill Programme Milestones ]]> Wed, 19 Sep 2018 07:00:02 +0100 <![CDATA[RNS press release - Conversion of Loan and Issue of Equity ]]> Mon, 10 Sep 2018 17:13:55 +0100 <![CDATA[News - Nickel from Amur’s Kun-Manie project destined for China and electric vehicle batteries ]]> How many tonnes of rock does it take to make a battery?

The answer to that will vary from deposit to deposit, and from commodity to commodity, but the question nevertheless is an intriguing one, and may yet come to be a new informal metric for the measurement of a project’s viability.

READ: Amur Minerals cements its focus on Asia as end to 2018 drilling nears

Take Amur Minerals Corporation (LON:AMC) for instance, which has nickel at the Kun-Manie deposit in the Far East of Russia. A typical Tesla battery will contain around 50 kilograms of nickel, so with Amur’s average grade of 0.8% and projected recoveries of 80%, it’ll be about eight ore tonnes.

So far so good, but what does it really mean? Well, one way of looking at it is to compare Amur’s grades with other companies, like for example Royal Nickel (TSE:RNX). The Royal Nickel Dumont project ranks, like Kun-Manie, among the largest undeveloped nickel sulphide deposits in the world.

But there is a crucial difference. Grades at Dumont run at around 0.26% and projected recoveries are set to be around 42%. When you plug in those numbers to the Tesla calculation it turns out that Royal Nickel will need to mine around 40  tonnes of ore to match the battery productivity of Amur’s eight tonnes.

Because Dumont is so large there will be economies of scale and it still looks set to generate an internal rate of return of just 15.2% after tax on the US$2bn project. But it’s an intriguing comparison nonetheless, and goes a long way towards demonstrating the relative attractiveness of some mines over others.

Haulage capacity

To put it in simple terms, to transport the ore required to manufacture each electric vehicle battery, Royal Nickel is going to need around 5 times more pit haulage capacity than Amur.  That’s a lot of trucks when you consider Amur itself will need about 10 to 15 Cat 785D trucks.

When in production, Dumont is likely to be the fifth biggest nickel sulphide project in the world, behind Voisey’s Bay, Sudbury, the Chinese operations run by Jinchuan, and of course the mines of the industry behemoth Norilsk (MCX:GMKN). It would be interesting to run the same set of numbers across the Norilsk portfolio, given that Norilsk and Amur both operate in Russia in relatively remote locations.

The key difference, of course, is that Norilsk is an established and long-standing player, while Amur has yet to make it into production.

Decent progress

But progress towards that end continues at a good strong pace, according to chief executive Robin Young.

“We are starting to put together our strategy for next year,” he says.

“What we want to do is benchmark the project, to set out where we stand in relation to the economics, and to work out what we can do to get to first production as soon as possible.”

The results of an imminent pre-feasibility study are likely to be “substantial and quite positive,” according to Young.

They will show a project with a mine plan, a mining schedule, a mill design, a plan to transport concentrate to the local railhead, and a logistics agreement to get concentrate to the smelter.

“That’s the fastest way to production,” says Young, “and it’s suitable and acceptable to the banks.”

Russia and China

Almost equally crucial is that it’s acceptable to the Russian government too. Amur now seasoned in the ways of operating in Russia and tends to see itself as having an “Asian-centric” focus these days.

The product will likely go south, across the border into China, while almost all the operational functions will be Russian.

“The Russians and Chinese are comfortable with us,” says Young. “We’ve been there so long.”

For the Russians, the benefits are simple enough: the economic stimulus that such a large project will create, including jobs and secondary employment.

“The Russian government is quite keen to get projects like ours up and running,” says Young. Incentives around taxes and royalties provide the company with plenty of motivation to get up and running, and what’s more, because they only run for a limited time, to get the maximum amount of metal out of the ground as soon as possible.

But it’s the Chinese connection that in the end could prove crucial. At some point soon Young is going to have to go into the market for significant sums of debt and equity finance to get Kun-Manie built, always assuming that a buyer doesn’t step in, that is.

When he does, Western banks will certainly have a role to play, but so too will the Chinese. And it’ll be towards China that Amur looks to for potential offtake agreements and joint venture partners.

“I would anticipate that someone will step up, although I can’t really say when that will be,” says Young.


“We’re flexible. All our plans and designs work on the basis that we’ll go it alone, but we know that as more and more information becomes available there’ll be more focus on what we have.”

September is likely to be a big month for Amur, with the upcoming pre-feasibility study, and it’s a good bet that the company will be on the receiving end of a lot of attention from the market. Young is all set to initiate a new marketing drive, and it will be interesting to see what kind of traction the shares are able to get.

Fri, 07 Sep 2018 09:29:00 +0100
<![CDATA[RNS press release - Conversion of Loan and Issue of Equity ]]> Thu, 30 Aug 2018 09:30:04 +0100 <![CDATA[RNS press release - Conversion of Loan and Issue of Equity ]]> Thu, 23 Aug 2018 09:20:05 +0100 <![CDATA[Media files - Amur Minerals cements its focus on Asia as end to 2018 drilling nears ]]> Tue, 21 Aug 2018 15:49:00 +0100 <![CDATA[RNS press release - Directors Dealing ]]> Mon, 20 Aug 2018 18:07:41 +0100 <![CDATA[News - Amur Minerals says 2018 drill programme at its Kun-Manie nickel-copper sulphide project well advanced ]]> Amur Minerals Corporation (LON:AMC) said the 2018 drill programme at its wholly-owned Kun-Manie nickel-copper sulphide project in the Far East of Russia is well advanced.

Robin Young, CEO of Amur Minerals, commented: "With our drill programme being over 80% complete and having experienced no downtime at the rigs, work is swiftly advancing toward completion of our three key objectives in this year's drill effort.”

READ: Amur signs up Russian logistics and supply chain expert to help with development of Kun-Manie

Young added: "We have already completed all infill drilling of limited areas in each of the four areas where we anticipate mining to occur. This information represents the final milestone required for inclusion in our work to obtain final Russian reserves as in accordance with Russian Federation requirements to obtain the necessary approvals for mine plans, designs and schedules. 

The CEO continued: "Once all final analytical results are available, we can begin to compile the TEO, a Russian feasibility document. We are also nearing completion of conversion of a large high grade, higher net operating profit per tonne Inferred resource at Ikenskoe/Sobolevsky. 

“The upgrade to Indicated resource should enable us to enhance the production schedule and related PFS cash flow model. We anticipate further improvement of the projected NPV and IRR beyond that of our current positive results.” 

He concluded: “There is a second enhancement that could be derived with this conversion step being completed. That is by mining this during the first 10 years of production, there is added upside related to the reduced Net Profits and Metal Royalties structure for the Far East which will further benefit the project. 

“Metallurgical sample collection is also advancing and we anticipate successful completion of this year's drill objectives by mid-September."

Thu, 16 Aug 2018 08:10:00 +0100
<![CDATA[RNS press release - July 2018 Drill Programme Milestones ]]> Thu, 16 Aug 2018 07:00:05 +0100 <![CDATA[RNS press release - Conversion of Loan and Issue of Equity ]]> Mon, 30 Jul 2018 09:00:01 +0100 <![CDATA[RNS press release - Conversion of Loan and Issue of Equity ]]> Wed, 25 Jul 2018 09:40:01 +0100 <![CDATA[News - Amur signs up Russian logistics and supply chain expert to help with development of Kun-Manie ]]> Amur Minerals Corporation (LON:AMC) has entered into a Memorandum of Cooperation with GEFCO LLC, a global expert in supply-chain solutions with a strong presence in Russia, and is 75% owned by JSC Russian Railways.

This MOC will address Amur’s rail and shipping transport requirements for the construction of the Kun-Manie nickel project in Russia’s far east.

WATCH: Amur Minerals highlight s significant increase in underlying earnings for Kun-Manie

It will encompass operational supply support and saleable product delivery to the Asian markets of China, Japan and Korea foremost among international opportunities.

"The transport and logistical requirements for Kun-Manie are multifaceted, covering three key considerations of project construction, mine operation and sale of the product,” said Robin Young, Amur’s chief executive.

“Discussions have been on-going between Amur and GEFCO representatives on these considerations and the MOC represents the start of the next stage, namely, developing definitive transport and logistics solutions. It is also very important, given the complexity of global transport and logistics, that we have GEFCO providing advisory assistance in our discussions with other parties.”


Mon, 23 Jul 2018 08:31:00 +0100
<![CDATA[RNS press release - GEFCO MEMORANDUM OF COOPERATION ]]> Mon, 23 Jul 2018 07:00:04 +0100 <![CDATA[RNS press release - Directors Dealing ]]> Fri, 20 Jul 2018 12:20:01 +0100 <![CDATA[RNS press release - Conversion of Loan and Issue of Equity ]]> Tue, 10 Jul 2018 09:45:03 +0100 <![CDATA[News - Amur Minerals “extremely pleased” with drill results at Kun Manie ]]> Amur Minerals Corporation (LON:AMC) has announced it has completed approximately 50% of the 2018 planned programme at its wholly owned Kun-Manie nickel copper sulphide project and is “extremely pleased” with the results.

The AIM-listed miner said this year's field programme is focused on the completion of specific tasks related to advancing the development of the project into one of the world's largest nickel producers. 

READ: Amur Minerals completes open pit optimisation analysis at Kun-Manie

The company said at the end of June 2018, a total of 66 holes (10,809.3 metres) have been completed since initiation of the planned 20,300 metre drill programme on 6 May 2018.

Robin Young, CEO of Amur Minerals, said: “Drilling at two of the largest areas where infill drilling for Russian regulatory considerations was required, has already been completed and we are now drilling at Kubuk and are progressing well towards completing the infill effort there.”

He added: “Drilling of the Inferred high grade zone at Ikenskoe / Sobolevsky is also confirming the continuity of the mineralisation with regard to thickness and grade.  With continued successful drilling here, we anticipate its conversion to a JORC Indicated resource allowing for its full and unqualified inclusion in the mine production schedule.”

"We are extremely pleased with this year's drill results so far and they are allowing us to clear various hurdles meaning that we can move toward production as swiftly as possible," Robin Young said.

Thu, 05 Jul 2018 07:32:00 +0100
<![CDATA[RNS press release - Drill Programme Update ]]> Thu, 05 Jul 2018 07:00:03 +0100 <![CDATA[RNS press release - Second Price Monitoring Extn ]]> Thu, 28 Jun 2018 16:40:38 +0100 <![CDATA[RNS press release - Price Monitoring Extension ]]> Thu, 28 Jun 2018 16:35:14 +0100 <![CDATA[News - Amur Minerals completes open pit optimisation analysis at Kun-Manie ]]> Amur Minerals Corporation (LON:AMC) has reported that RPM Global has completed open pit optimisation analyses company’s Ikenskoe/Sobolevsky and Kubuk deposits located within its Kun-Manie mining licence in Russia.

The AIM-listed miner said these results serve to provide the global Kun-Manie base line mining tonnages including all drilling results and all current Mineral Resource Estimates.

READ: Amur Minerals says 2017 has been ‘highly significant year’

 The company said the 2017 drill programme substantially and materially increased the mining potential of the Kun-Manie. Using Measured and Indicated resources, the total mineable potential now totals 109.4 million ore tonnes containing 721,300 tonnes of nickel and 197,400 tonnes of copper. 

 Amur Minerals said the average mine diluted grades are projected to be 0.66% nickel and 0.18% copper.  This MI Option equates to 18 years of production at six million tonnes per annum.

More than 92% of the combined Measured and Indicated resource tonnage is projected to be mined containing nearly 83% of the nickel and 83% of the copper.

Robin Young, CEO of Amur Minerals, said: "Having one of the world's largest undeveloped nickel copper sulphide deposit's on China's door step is indeed very positive for the company.  The fact that our estimations indicate much of this resource is profitable at today's nickel price is very encouraging.”

He added: “Detailed internal discussions are ongoing in relation to how this information is incorporated into the prefeasibility study being prepared by the company.  The key item is the adjustment to the production schedule and timing of the grade of ore delivered to the mill."

Thu, 28 Jun 2018 07:33:00 +0100
<![CDATA[RNS press release - Mining Potential Update ]]> Thu, 28 Jun 2018 07:00:06 +0100 <![CDATA[News - Amur Minerals says 2017 has been ‘highly significant year’ ]]> Amur Minerals Corporation (LON:AMC) said 2017 has been a ‘highly significant year,’ with field season resulting in 50% expansion of the Kun Manie project in Russia, making it one of the largest greenfield nickel projects globally.

The AIM-listed miner said 2017 field season proved to be “our best ever resulting in a 50% increase in minable resources - 101 million tonnes to 155 million tonnes.” Amur Minerals also said a total of 26,485 metres of drilling in 107 holes was completed at the ISK deposit.

READ: Amur Minerals completes 25% of drilling programme at Kun-Manie

The company said it remained debt free for the year ended 31 December 2017, with cash reserves of US$2.56mln, down from US$8.20mln.

Robert Schafer, non-executive chairman of Amur Minerals, said: “The Board and management believe that the company is well positioned to capitalise on the growth in the nickel market, given the size of Kun Manie and its proximal location to Asian markets.”

He added: “We are seeing clear indicators that recent increased interest in nickel is now turning towards interest in the future sourcing of nickel supply.”

In early afternoon trading, Amur Minerals shares dropped 8.1% to 4.25p. 

Wed, 27 Jun 2018 14:42:00 +0100
<![CDATA[RNS press release - Final Results for the Year Ended 31 December 2017 ]]> Wed, 27 Jun 2018 13:40:33 +0100 <![CDATA[RNS press release - Price Monitoring Extension ]]> Fri, 22 Jun 2018 16:35:32 +0100 <![CDATA[RNS press release - Directors Dealing ]]> Thu, 21 Jun 2018 11:19:54 +0100 <![CDATA[RNS press release - Conversion of Loan & Issue of Equity ]]> Wed, 20 Jun 2018 08:22:56 +0100 <![CDATA[News - Amur Minerals completes 25% of drilling programme at Kun-Manie ]]> Amur Minerals Corporation (LON:AMC) has completed around 25% of its planned drilling for 2018 at its Kun-Manie nickel-copper sulphide project in Russia.

The AIM-listed mine said since the start of the drill programme on May 6, it completed 5,078.2 metres, with 1,085 mineralised samples prepared and analysed for nickel, copper, cobalt, platinum and palladium.

READ: Amur Minerals estimates Kun-Manie nickel costs will be below industry average

The group added that to fulfil Russian licensing requirements and to progress towards mine design and production, detailed infill drilling was necessary, with work completed at both the Maly Kurumkon / Flangovy (MKF) and Ikenskoe / Sobolevsky (IKEN) mineral trends.

Additional infill drilling (totalling c.2,800 metres) is planned at both the Vodorazdelny (VOD) and Kubuk (KUB) sites and would begin this month, the company said.

Regarding the current infill drilling results, Amur said that it had confirmed the continuity of mineralisation and indicated metal content at both the IKEN and MKF deposits, with a high grade ore block (ranging from 0.9% to 1.0% nickel) also discovered at IKEN which could “positively impact the economic potential of the project”.

Robin Young, Amur Minerals chief executive, said: “Having planned to drill approximately 20,000 metres over the course of the season, and having already completed more than 5,000 metres of drilling, we are rapidly advancing towards the completion of our 2018 drill objectives.

He added: "The Russian Federation infill drilling requirement allows the Company to complete detailed exploration, post reserves with the State Reserves Committee, ("GZK"), and progress towards mine designs and approval for the construction phase.  This infill drilling has already been completed at two of the four deposits.”

Wed, 13 Jun 2018 07:50:00 +0100
<![CDATA[RNS press release - May 2018 Drill Programme Update ]]> Wed, 13 Jun 2018 07:00:05 +0100 <![CDATA[RNS press release - Directors Dealing ]]> Tue, 22 May 2018 10:10:02 +0100 <![CDATA[RNS press release - Conversion of Loan and Issue of Equity ]]> Wed, 16 May 2018 10:08:08 +0100 <![CDATA[RNS press release - Issue of Equity ]]> Wed, 02 May 2018 10:52:11 +0100 <![CDATA[News - Amur Minerals estimates Kun-Manie nickel costs will be below industry average ]]> Amur Minerals Corporation (LON:AMC) said its cost estimates for nickel at its planned Kun-Manie nickel copper sulphide project are below nickel industry averages.

The AIM-listed miner said based on the previously reported mining potential of 73mln ore tonnes at Kun-Manie, around 6mln tonnes per annum over 12 years and 2 months of production, the Life Of Mine (LOM) C1 cost per pound of nickel is projected to range from US$2.61 to US$2.77.

WATCH: Amur Minerals highlights significant increase in underlying earnings for Kun-Manie

Amur said these projected costs indicate that Kun-Manie would rank among the 10 lowest cost industry wide nickel producers in terms of business costs at existing operations, potentially reaching as low as fourth place.

Robin Young, Amur Minerals chief executive, said: "These newly defined C1 cost projections include all projected operating costs and operational considerations from the mine face to the sale of a final product.

He added: “These costs also take into account mine dilution, metallurgical recoveries at the mine and smelters, truck and rail freight and more. We have also included the Russian Far East reduced tax and royalty incentives which further reduce our total production cost per nickel unit, whether a pound or a tonne.”

In early morning trading Wednesday, Amur Minerals shares were steady at 5.1p.

Wed, 02 May 2018 09:03:00 +0100
<![CDATA[RNS press release - Projected C1 Nickel Costs Below Industry Average ]]> Wed, 02 May 2018 07:00:11 +0100