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Amur outlines strategic plan for the development of Kun-Manie

Amur has already delineated a substantial resource at Kun-Manie

Nickel will be in increasing demand for use in electric vehicle batteries

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.”



Quick facts: Amur Minerals Corp.

Price: 1.905 GBX

Market: LSE
Market Cap: £26.12 m

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