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Amur Minerals Corporation (AMC) is 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.
The resource ranks AMC among the 15 largest nickel sulphide companies in the world having a 101.3 million ore tonne resource contained within four deposits. Containing recoverable nickel, copper, cobalt, platinum and palladium, the average nickel equivalent grade is 1.03%. The total nickel equivalent tonnage is 1.04 million tonnes.
The limits of the mineralisation are not yet defined and substantial potential remains to be tested in multiple areas within the production licence boundary.
The Company has the right to recover 100% of the contained metal based on 20 year production licence expiring 1 July 2035. Rights to extend the licence are also included.
Engineering and metallurgical test work has established a first stage production plan referred to as the Blueprint to Production which includes all mine site activities, transport of concentrate and supplies to and from the site as well as concentrate treatment options including toll smelting or the generation of a Low Grade Matte (LGM) at an owner operated facility. Production of 6.0 million ore tonnes per year generating approximately 50,000 tonnes of nickel is targeted.
Located in Amur Oblast, it is has the advantage of being positioned near the three largest nickel consuming nations in the world comprised of China, Korea and Japan. Typically, both concentrate and processed concentrate are purchased by these three markets.
Being located in the Far East of Russia, the project represents one of the largest potential economic contributors to the region and is registered as a key project for inclusion within the Far East Development Programme. The programme is backed by the federal, regional, state and local agencies and is designed to create an investment climate encouraging foreign investment and the more rapid development of the region. Specific components to the programme include Net Profit tax free periods, Metal Royalty Payment reductions and low interest loans allowing for the development of infrastructure related financial support to registered projects. For AMC, this is a substantial consideration as this includes support in the construction of the rail to mine access road and power access to any owner operated concentrate treatment facility.

 

http://amurminerals.com/



 
 
  


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