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Kun-Manie nickel resource just keeps on expanding, says Amur Minerals' Robin Young

Amur Minerals' Robin Young

Amur Minerals Corporation’s (LON:AMC) chief executive Robin Young tells Proactive he is ‘very pleased’ with the 50% increase to 1.58mln tonnes at the Russian nickel deposit.

"For every metre drilled, we have found US$213,000 of metal value while each tonne of nickel has cost just US$35 to discover."

The resource is now more than enough for detailed engineering plans and is also of a size to interest large institutions to fund the project, he added.

Young also gave more details about company’s plans in the electric vehicle battery market and marketing programme focused on China, Korea and Japan

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Price: 1.83 GBX

LSE:AMC
Market: LSE
Market Cap: £17.72 m
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