logo-loader
viewAmur Minerals Corp.

Amur Minerals completes open pit optimisation analysis at Kun-Manie

The AIM-listed miner said these results serve to provide the global Kun-Manie base line mining tonnages including all drilling results and all current Mineral Resource Estimates

nickel chemical symbol
Amur Minerals said the average mine diluted grades are projected to be 0.66% nickel and 0.18% copper.

Amur Minerals Corporation (LON:AMC) has reported that RPM Global has completed open pit optimisation analyses company’s Ikenskoe/Sobolevsky and Kubuk deposits located within its Kun-Manie mining licence in Russia.

The AIM-listed miner said these results serve to provide the global Kun-Manie base line mining tonnages including all drilling results and all current Mineral Resource Estimates.

READ: Amur Minerals says 2017 has been ‘highly significant year’

 The company said the 2017 drill programme substantially and materially increased the mining potential of the Kun-Manie. Using Measured and Indicated resources, the total mineable potential now totals 109.4 million ore tonnes containing 721,300 tonnes of nickel and 197,400 tonnes of copper. 

 Amur Minerals said the average mine diluted grades are projected to be 0.66% nickel and 0.18% copper.  This MI Option equates to 18 years of production at six million tonnes per annum.

More than 92% of the combined Measured and Indicated resource tonnage is projected to be mined containing nearly 83% of the nickel and 83% of the copper.

Robin Young, CEO of Amur Minerals, said: "Having one of the world's largest undeveloped nickel copper sulphide deposit's on China's door step is indeed very positive for the company.  The fact that our estimations indicate much of this resource is profitable at today's nickel price is very encouraging.”

He added: “Detailed internal discussions are ongoing in relation to how this information is incorporated into the prefeasibility study being prepared by the company.  The key item is the adjustment to the production schedule and timing of the grade of ore delivered to the mill."

Quick facts: Amur Minerals Corp.

Price: 1.87 GBX

LSE:AMC
Market: LSE
Market Cap: £18.1 m
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Amur Minerals Corp. named herein, including the promotion by the Company of Amur Minerals Corp. in any Content on the Site, the Company...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

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