13 April 2018
AMUR MINERALS CORPORATION
(AIM: AMC)
2018 Field Engineering Campaign Set to Begin
Amur Minerals Corporation ("Amur" or the "Company"), a nickel-copper sulphide mineral exploration and resource development company, is pleased to announce that the Company has completed the full restock and mobilisation of all machinery, spares and supplies for completion of its 2018 field season on its Kun-Manie nickel copper sulphide project ("Kun-Manie") located in the Far East, Russia.
This year's field season will be focused on gathering information for inclusion in project engineering study work and operational design for consideration and the incorporation into necessary documentation related to project financing. Further resource expansion potential remains, however these areas will be drilled once operations have begun.
Highlights:
· The resupply transport effort commenced 15 February 2018 was completed on 10 April 2018
· Eleven convoys traversed the 350 kilometre long ice road and have now successfully fully restocked the Kun-Manie project site allowing the Company to implement its 2018 field programme focused on engineering data acquisition for use in the going forward studies.
· Over half million litres of summer and winter fuel and 200 tonnes of additional supplies have been delivered to site to support the 2018 work programme.
· The personnel responsible for completion of the resupply have now transitioned into the final site preparation stage for the arrival of the remaining summer field crew component. The total staff on site will be in the order of 100 individuals.
· Field operations have already been initiated with the start of the construction of needed roads and drill sites. Full scale summer activities are anticipated to be underway by the middle of May 2018.
· Drilling will include acquisition of a metallurgical sample from the Ikenskoe / Sobolevsky ("IKEN") and Kubuk ("KUB") deposits and the mineralised area lying between the two deposits. Infill drilling of a high grade area (over 1.0% nickel equivalent) presently defined to be Inferred (March 2018) by JORC (Dec. 2012) standards is also scheduled. Throughout all four planned mining areas, closely spaced drill holes will be completed in accordance with Russian reserve reporting standards as a part of the requirement for final mine plan approvals.
· The amount of subsurface water will continue to be drill tested to determine the extent of any water diversion requirements and dewatering needs from the anticipated open pit(s) and underground mining operation(s).
Robin Young, CEO of Amur Minerals, commented:
"All materials required for our 2018 field engineering programme at Kun-Manie are now on site and we are ready to begin the acquisition of additional key information necessary for the inclusion in study documentation leading to project financing. This year's programme substantially differs from our past field seasons where the primary objective has been resource expansion and the ultimate determination of a long term reserve suitable for supporting project funding and the repayment of future funding requirements.
"Having identified the largest nickel sulphide deposit located immediately adjacent to China, Korea and Japan, coupled with the potential for substantial exploration upside at Kun-Manie, we are now able to transition into the detailed engineering of the project. With the project being a highly valued source of sulphide nickel, copper and cobalt needed for Electric Vehicle batteries, the scope of our engineering activities has been broadened.
"The engineering information gathering phase has also been expanded beyond our consideration of producing a toll smeltable concentrate and the possible generation of a low grade matte. The Electronic Vehicle market has opened new avenues of potential. The two primary areas of interest have the potential to generate near or battery ready materials for direct sale to battery manufacturers and to widen the rank of Asian centric strategic partners available to assist in the development of Kun-Manie."
Company Amur Minerals Corp. |
Nomad and Broker S.P. Angel Corporate Finance LLP |
Public Relations Yellow Jersey |
Robin Young CEO |
Ewan Leggat Soltan Tagiev |
Dominic Barretto Harriet Jackson |
+7 (4212) 75 56 15 |
+44 (0) 20 3470 0470 |
+44 (0) 7544 275 882 |
For additional information, visit the Company's website, www.amurminerals.com.
Notes to Editors
The information contained in this announcement has been reviewed and approved by the CEO of Amur, Mr. Robin Young. Mr. Young is a Geological Engineer (cum laude), a Professional Geologist licensed by the Utah Division of Occupational and Professional Licensing, and is a Qualified Professional Geologist, as defined by the Toronto and Vancouver Stock Exchanges. An employee of Amur for 12 years, previously Mr. Young was employed as an exploration and mine geologist, mining engineer, construction manager of a mine start up as well as independent consultant with Fluor Engineers, Fluor Australia and Western Services Engineering, Inc. during which time his responsibilities included the independent compilation of resources and reserves in accordance with JORC standards. In addition, he has been the lead engineer and project manager in the compilation of numerous studies and projects requiring the compilation of independent Bankable Studies utilised to finance small to large scale projects located worldwide. Mr. Young is responsible for the content of this announcement.
For further information, see the Company website at www.amurminerals.com.
