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Amur Minerals Corporation

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Market:
LSE
Market Cap:
£15.17 m
Price
2.03 GBX
Change
11.72%
52 weeks high
4.30
52 weeks low
1.57

In brief

Amur Minerals Corporation (AMC) is a nickel copper sulphide mineral exploration company focused on the far east of Russia. The company's principal asset is the Kun-Manie sulphide nickel, copper project located in Amur Oblast. Drill defined resources have been identified within five deposits wholly contained within a 36 square kilometre production licence. Engineering work confirms that the mineralisation contains economically recoverable grades that can be mined by both open pit and underground operations, the ore can be processed by classic flotation with the concentrate being suitable for follow on processing and refining. As a late stage exploration project with detailed engineering work being undertake, Kun-Manie represents one of the largest potential sulphide nickel operations in the world which could place it among the top ten nickel producing companies on an annual basis.

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Snapshot

  • Huge nickel resource in Russia
  • One of the world’s last sulphide deposits
  • Pre-feasibility studies offer two scenarios for economic extraction
  • Long track record of operating in Russia