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

Amur will now move the focus on to the detailed engineering phase at Kun-Manie

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Amur has one of the world's last remaining nickel sulphide deposits under development

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.”

 

Quick facts: Amur Minerals Corporation

Price: 1.815 GBX

LSE:AMC
Market: LSE
Market Cap: £13.6 m
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Amur Minerals pre-feasibility study outlines potential for US$3bn in cash...

Amur Minerals Corporation (LON:AMC) has revealed details of a pre-feasibility study for its Kun-Manie nickel project in Russia’s Far East. The study outlines two production scenarios capable of processing six million tonnes of ore per annum. Amur CEO Robin Young tells Proactive London what...

on 26/2/19

2 min read