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Amur Minerals sees 'pretty big near-term revenue opportunity' with new iron ore investment

Amur Minerals Corporation's (LON:AMC) Adam Habib caught up with Proactive London following its £6.1mln fundraise.

The bulk of the cash will go towards an interest in the Roper Bar iron ore project, in Australia’s Northern Territory.

The remainder will be used to fund the continuing development of the Kun Manie nickel-copper project.

Roper Bar is host to an estimated 446mln tonnes of JORC resources with an iron grade of 39.9% and presently 4.76mln tonnes of JORC reserves at 60.1% iron.

Quick facts: Amur Minerals Corp.

Price: 2.195 GBX

LSE:AMC
Market: LSE
Market Cap: £30.29 m
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Amur Minerals' on track to complete Russian feasibility study for Kun Manie...

Amur Minerals Corporation's (LON:AMC) President & Executive Director Adam Habib joins Proactive London's Katie Pilbeam to discuss the latest update on the Kun Manie mine project. Speaking about this 'strategic resource' Habib says the company is closer to ‘bankable’ status with the key...

3 weeks, 4 days ago

2 min read