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Amur Minerals Corporation

Amur Minerals to begin field engineering campaign at Kun-Manie project

The AIM-listed firm said this year’s field season will be focus on gathering information for inclusion in project engineering study work

nickel
Amur Minerals added that further resource expansion potential remains, however these areas will be drilled once operations have begun

Amur Minerals Corporation (LON:AMC) has announced the completion and the full restock and mobilisation of all machinery, spares and supplies for the 2018 field season at its Kun-Manie project in the Far East of Russia.

The AIM-listed firm said this year’s field season will be focused on gathering information for inclusion in project engineering study work and operational design for consideration and the incorporation into necessary documentation related to project financing.

READ: Amur boosts nickel resource at Kun-Manie by 50%

The mineral exploration company added that further resource expansion potential remains, however these areas will be drilled once operations have begun.

Robin Young, CEO of Amur Minerals, said: “All materials required for our 2018 field engineering programme at Kun-Manie are now on site and we are ready to begin the acquisition of additional key information necessary for the inclusion in study documentation leading to project financing.”

He added: “Having identified the largest nickel sulphide deposit located immediately adjacent to China, Korea and Japan, coupled with the potential for substantial exploration upside at Kun-Manie, we are now able to transition into the detailed engineering of the project.”

“With the project being a highly valued source of sulphide nickel, copper and cobalt needed for Electric Vehicle batteries, the scope of our engineering activities has been broadened,” Young said.

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Price: £0.02

Market: LSE
Market Cap: £15.67 m
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Amur Minerals highlights significant increase in underlying earnings for...

Robin Young, chief executive at Amur Minerals Corporation (LON:AMC), discusses with Proactive's Andrew Scott an increase in the projected global underlying earnings (EBITDA) assessment of the mining potential at the Kun-Manie nickel copper sulphide project. The projected EBITDA has...

on 16/4/18

2 min read