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Amur Minerals completes hydrological assessment at Kun-Manie

Amur controls one of the world's last remaining large nickel sulphide deposits

Amur Minerals Corporation -
The nickel price has strengthened recently

Amur Minerals Corporation (LON:AMC) has completed the hydrological assessment for its Kun-Manie nickel copper sulphide project. The assessment has been approved by the necessary Russian Federation agencies, an important component in completing the TEO, the local equivalent of a feasibility study.

 The hydrological assessment has confirmed the presence of substantial groundwater reserves located along the Maly Kurumkon and Bolshoy Kurumkon watersheds, sufficient to support the Kun-Manie proposed mining operation.

The assessment confirms both potable and ablution water and process water supplies are available for the mining and ore processing of six million tonnes of ore per annum. 

During operations, the potable and ablution waters will be drawn from two wells (one acting as a backup well) and sourced from subsurface waters identified along the Maly Kurumkon water course.

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Price: 1.991 GBX

LSE:AMC
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Market Cap: £16.64 m
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