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