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Amur Minerals pre-feasibility study outlines potential for US$3bn in cash flow from Kun-Manie

Amur Minerals Corporation (LON:AMC) has revealed details of a pre-feasibility study for its Kun-Manie nickel project in Russia’s Far East.
The study outlines two production scenarios capable of processing six million tonnes of ore per annum. Amur CEO Robin Young tells Proactive London what the results will mean for the company as well as how EV use in China will now be their biggest target market. The first option is the toll smelt option which provides the swiftest path to revenue generation. In this scenario it’s envisaged that concentrate will be sold to a purchaser. The second option is for Amur Minerals to construct and operate an electric furnace/flash smelter that will convert concentrate to low grade matte. This option allows for the capture of additional revenues from the by-product metals of copper, cobalt, platinum and palladium. The study is based around a JORC resource of 155.1mln tonnes of ore comprising a nickel equivalent grade of 1.02%, equating to a total of 1.58 million equivalent tonnes of nickel. Production will derive from four open pits and one underground mining operation.

Quick facts: Amur Minerals Corporation

Price: 2.01 GBX

LSE:AMC
Market: LSE
Market Cap: £16.8 m
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Amur Minerals' Robin Young talks through strategic plan for Kun-Manie...

Robin Young, chief executive of Amur Minerals Corporation (LON:AMC), tells Proactive London's Andrew Scott they've set out a strategic plan for the development of the Kun-Manie nickel-copper sulphide mineral project in the far east of Russia. Amur will focus on engineering and taking the...

on 11/19/2018

2 min read