Amur Minerals Corp - TEO Reserve Estimation Programme Initiated
TEO Reserve Estimation Programme Initiated
Per the "Detailed Exploration and Mine Production Licence", completion and submission of the mandatory TEO is due
The information within the TEO will be included in a Western Definitive Feasibility Study ("DFS") which will be progressed in parallel with the TEO. As various components of the study are completed, the Company will be compiling appropriate portions of the DFS.
The TEO and GKZ approved reserves are being compiled by OOO Oreol ("Oreol"), a
· More than 150 drill hole and geological sections have been generated using all drill and trench results. The limits of the mineralisation have been identified based on a cut-off grade ("COG") of 0.20% nickel for three deposits.
· All drill hole information including drill hole and trench locations, down hole and along trench surveys, geological logs, density analyses, core recovery information and analytical results for nickel, copper, cobalt, platinum and palladium (including all certified laboratory results) have been compiled and verified by the Company against all original assay certificates.
· All Final Quality Assurance / Quality Control ("QAQC") analytical results for all drill seasons have been assembled in accordance with the requirements of the
With the comprehensive project data base submitted to Oreol, the resource estimates for each of the deposits of Maly Kurumkon / Flangovy ("MKF"), Vodorazdelny ("VOD") and the now linked Ikenskoe / Sobolevsky and Kubuk deposits referred to as "ISK" are being compiled. Modelling of the resource estimates includes consideration of both open pit and underground production scenarios. Upon completion of the Oreol reserve estimation, an audit of its work will be completed in accordance with JORC resource and reserve reporting standards. This audit will be conducted by a western qualified independent organisation.
"The Company is fully focused on compiling the Permanent Conditions TEO. Results from the mandatory TEO will serve to provide key information for inclusion in the Kun-Manie western based Definitive Feasibility Study. Having completed the consolidation of our global exploration data set and the detailed review of the QAQC programmes for 2015 to 2018, the final GKZ Reserve and JORC Resource estimates are now being compiled. We anticipate a considerable increase in the resource and reserve inventory due to the newly discovered mineralisation identified during the 2018 field season.
"On the operational side, much of this year has been spent defining the project specifications, agreeing contracts, preparing information and reports for inclusion in the TEO and defining the Critical Path for the work programme. A majority of the TEO work will be used in the compilation of the DFS. Work is already well advanced with regard to hydrological, rock mechanics and identification of environmental mitigation procedures that may be required. Metallurgical test work and flowsheet design programmes have been agreed and are close to being initiated. As work progresses, we will update the market of results as they become available."
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.
Nomad and Broker
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For additional information, visit the Company's website, www.amurminerals.com.
Notes to Editors
The information contained in this announcement has been reviewed and approved by the CEO of Amur, Mr.
This information is provided by RNS, the news service of the
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