Amur Minerals: Cobalt-Plated Nickel
Edison | Apr 16, 2018 06:51AM ET
Since producing its conceptual open-pit study in 2015, Amur Minerals Corp (LON:A7L) has continued its exploration programme, as well as announcing the results of metallurgical tests on its ore by Russia’s premier metallurgical institute (Gipronickel), an open-pit/underground trade-off study and a review of costs (both undertaken by RPM). The results of these studies suggest a shift in likely mining to advance and increase underground operations. They have also allowed us to hone our assumptions to derive new valuations for each of Amur’s five potential development options.
March 2018 resource upgrade – now >1Mt nickel
Amur’s FY17 field season increased resources at Kun-Manie by 51% to 1.2Mt of contained nickel (1.6Mt of nickel equivalent). While drilling in FY18 will allow it to refine the process flow sheet, drilling for resource expansion is now no longer a strategic imperative for Amur, allowing it to focus instead on mine development.
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