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Amur Minerals Corp.
Summary
| Project: | Kun-Manie | |
|---|---|---|
| Deposit: | Kun-Manie | |
| Location: | Russia | |
| Commodities: | Nickel-Copper-Cobalt-Platinum-Palladium | |
| Date: | 3/20/2018 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 20-3-2018: Amur Minerals Corp. announces a Resource Estimation report for its Kun-Manie deposit at the Kun-Manie project. Updated Resource Estimates for four deposits at Kun-Manie. Amur Minerals Corporation (“Amur” or the “Company”), the nickel-copper sul | |
| Resources: | (Resource, Total): 155.1Mt @ 1.02% NiEq for 1.5816Mt NiEq contained at project | |
| CP/QP: | [Resources]: Not stated (RPM Global) | |
| ABSTRACT: | Amur Minerals Corporation (“Amur” or the “Company”), the nickel-copper sulphide mineral exploration and resource development company focused on the far east of Russia, is pleased to announce that RPM Global (“RPM”) has updated the Mineral Resource Estimate (“MRE”) for its Kun-Manie project (“KunManie”), the largest undeveloped nickel sulphide project, located immediately adjacent to the three largest nickel consuming nations of China, Korea and Japan. The MRE update includes all 2017 drill results derived at the Ikenskoe / Sobolevsky (“IKEN”) and Kubuk (“KUB”) deposits, resulting in the MRE expanding by 50%, the largest ever year-on-year (“y-oy”) increase. The total contained nickel equivalent (“Ni Eq”) content at Kun-Manie is more than 1.58 million tonnes (2017:1.04 million Ni Eq tonnes) averaging 1.02% Ni Eq (2017: 1.03%). Robin Young, CEO of Amur Minerals, commented: “The newly derived 2018 MRE represents a substantial and material increase of more than 50% from previously reported estimates of the Kun-Manie resource. Having surpassed key institutional bench marks of 1.0 million contained nickel tonnes and maintaining a plus 1.0% nickel equivalent grade, we shall be positioning the Company as a ready source for EV battery market participation. In addition, the significant resource increase will allow for us to identify institutional investors to work with and we will be undertaking an aggressive Asian marketing programme focused on China, Korea and Japan. “We continue to monitor the nickel and copper sulphide market with regard to EV potential. Though not fully inclusive, we have examined 23 western listed companies which report resource inventories for 20 greenfield projects. Using a 0.4% nickel cutoff grade, Kun-Manie ranks third largest among the greenfield projects containing approximately 18% of the total greenfield nickel resource. Of course, this is an indicator of our world position with regard to reported greenfield projects, but it does provide valuable insight into the potential status of Kun-Manie being located in the immediate proximity of the three largest nickel consuming nations in the world.” | |
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