Amur Minerals Corp - Bankable Feasibility Study Strategy
("Amur" or "the Company")
Bankable Feasibility Study Strategy
As Amur continues to make good progress on its Permanent Conditions TEO ("TEO") and receives key resource, mining and processing information from this work programme, the Company is looking beyond the completion of the TEO to the compilation of the BFS. The purpose of a BFS is to provide the technical, environmental and economic detail of the project to give institutional investors' confidence to proceed with the project financing necessary to advance KM through construction and into production.
The BFS strategy covers three areas:
· Finalising the detailed plan, costing and technical parameters for the BFS;
· Attaining binding offtake agreements; and
· Initiating the funding for the BFS.
Bankable Feasibility Study Work Programme
The Company released its Pre-Feasibility Study ("PFS") in
The Company is currently in the process of finalising the detailed plan and costing of the BFS and will begin engaging with potential partners who will assist in the compilation of the BFS.
The Company announced on
The Company will continue to engage with the wider metals commodities market with the objective of obtaining binding offtake agreements. The attainment of binding agreements will be an important step in attracting the funding for the BFS.
The primary funding objective is to position the Company so that it can finance the BFS. It is envisaged that the funding will be principally through debt, with a further component funded through equity and / or a supporting investment from an offtake partner.
In addition, the Company is actively seeking to invest in mining opportunities in the near future that are either near cash flow or are already in production in established mining jurisdictions. The objective for this strategy is to provide revenue streams to fund the Company's corporate activities through the BFS and beyond.
"Significant progress has been achieved on the TEO, and we are on track to complete this for
"The route to executing this funding strategy is tried and proven; first ensure that the TEO is delivered, put in place a binding agreement with a respected off-taker, and with the support of the off-taker raise sufficient funding to complete the BFS. The Company has also determined that investing in revenue generating assets to fund the corporate activity will strengthen the Company's balance sheet and financial position going forward. The Company is now moving swiftly down this route to execution of its strategy."
Market Abuse Regulation (MAR) Disclosure
Certain information contained in this announcement would have been deemed inside information for the purposes of Article 7 of Regulation (EU) No 596/2014 until the release of this announcement.
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Notes to Editors
The information contained in this announcement has been reviewed and approved by the CEO of Amur, Mr.
For further information, and Company updates see the Company website at www.amurminerals.com and twitter page @amur_minerals.
This information is provided by RNS, the news service of the
Quick facts: Amur Minerals Corp.
Market Cap: £24.78 m
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