Amur Minerals Corp (LON:AMC) closed out the full year to 2018 with US$1.26mln in cash after booking losses of US$3.3mln.
During 2018 Amur spent US$2mln on exploration and just under US$50,000 on capital equipment.
WATCH: Amur Minerals pre-feasibility study outlines potential for US$3bn in cash flow from Kun-Manie
Exploration at the company’s Kun-Manie nickel deposit in Russia’s Far East has now established it as one of the top five undeveloped nickel sulphide deposits in the world.
With substantial work on economic feasibility now completed too, the company will be looking towards finding a strategic partner in 2019 to help with development.