Proactiveinvestors recommends
Additional Information
Market: AIM
Sector: General Mining
EPIC: AMC
Latest Price: 7.85  (-12.78% Descending)
52-week High: 11.25
52-week Low: 4.25
Market Cap: 27.75M
1 year chart
digital-look imported chart image
1 day chart
digital-look imported chart image
Amur Minerals
www.amurminerals.com

Amur Minerals Corporation (AMC) is a rapidly-growing mineral resource exploration and development company focused on base metal projects located in the far east of Russia. The Company has three properties in the region with its principal asset being the Kun-Manie sulphide nickel, copper project located in Amur Oblast. With a JORC compliant resource of over a quarter of a million tons of contained nickel, Kun-Manie is one of the five largest new nickel sulphide discoveries since Voisey’s Bay.

Full Amur Minerals profile here
Pdf

Amur Minerals reveals ‘significant step forward’ for Kun Manie nickel project

11th May 2012, 3:58 am by Jamie Ashcroft

Amur Minerals (LON:AMC) says it has taken a significant step forward in the evaluation of the Kun Manie project in far east Russia.

The AIM quoted mine developer today said that new metallurgical test work has shown better nickel and copper recoveries compared to the Kun Manie pre-feasibility study, which was completed in 2007.

Projected nickel recoveries increased to 77.8 per cent compared with 75.9 per cent as estimated in the PFS, while copper recovery increases significantly to 90.4 per cent compared with 72.9 per cent. Also cobalt recovery increase to 68.6 per cent from 57 per cent. 

Additionally Amur said there’s potential for a reduction in the amount of magnesium oxide in the metal concentrate, which could potentially reduce any penalties at the smelter.

Amur emphasised that increased metal recoveries and reduced penalties would ultimately reduce the cost per pound for the product produced at the Kun Manie mine.

"The SGS results are a significant step forward in the evaluation of Kun-Manie,” said chief executive Robin Young.

“The results indicate that there is substantial potential to increase metal recovery into concentrate, possibly improve the concentrate grades and ultimately improve the 2007 SRK pre-feasibility cash flow model results.  

“An across the board technical improvement appears likely and provides us with a series of options to optimise the project."

Amur said that further work is required to finalise the metallurgical design. And this is being scheduled to take place after this year’s drill programme – which will provide fresh core for testing.

Kun Manie, located in Amur Oblast, in Russia's Far East, was projected by the PFS to be an open-pit mine, producing 16,000 tonnes of nickel concentrate a year.

 

No investment advice


Proactive Investors North America Inc, trades as "Proactiveinvestors USA & Canada".


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 suitable or advisable for any specific person. You further understand that none of the information providers or their affiliates will advise you personally concerning the nature, potential, advisability, value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter.


You understand that the Site may contain opinions from time to time with regard to securities mentioned in other products, including company related products, and that those opinions may be different from those obtained by using another product related to the Company. You understand and agree that contributors may write about securities in which they or their firms have a position, and that they may trade such securities for their own account. In cases where the position is held at the time of publication and such position is known to the Company, appropriate disclosure is made. However, you understand and agree that at the time of any transaction that you make, one or more contributors may have a position in the securities written about. You understand that price and other data is supplied by sources believed to be reliable, that the calculations herein are made using such data, and that neither such data nor such calculations are guaranteed by these sources, the Company, the information providers or any other person or entity, and may not be complete or accurate.


From time to time, reference may be made in our marketing materials to prior articles and opinions we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.


You understand that we may be providing advertising and/or marketing services to companies mentioned on the site. A full list of companies that are paying for services from us, or our affiliated companies in the UK and Australia can be viewed here