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.
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."