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Amur Minerals Corporation is a developing mineral exploration company focused on base metal projects in the far east of Russia.

Amur Minerals Corporation

Amur Minerals Corporation (AMC) is a developing mineral exploration company focused on base metal projects in the far east of Russia. The company's principal asset is the Kun-Manie sulphide nickel, copper project located in Amur Oblast, with JORC resources approaching 1.0 million tonnes (958,000 nickel equivalent tonnes (based on 31 March 2016 metal prices). A total of 726,000 tonnes of nickel and 206,400 tonnes of copper have been drill defined. The resource averages 0.45% nickel and 0.13% copper. Recoverable by-product mineralisation is present in the form of platinum (19.9 tonnes at 0.1 g/t) and palladium 20.7 tonnes. The project also contains minor cobalt, gold and silver. This resource places it among the 20 largest nickel copper sulphide projects in the world with substantial potential to further expand the resource immediately adjacent to four of the five drill identified deposits. Discovery costs per pound of nickel are projected to be in the order of $0.03 US. Geographically, it is located adjacent the three largest nickel consuming markets in the world including China, Japan and South Korea.

The Company holds a 20 year production licence on a 36 square kilometre area which allows for extraction and recover of 100% of the contained metal. The licence can be extended beyond the current 1 July 2035 expiration date should additional economic mineralisation be defined.

Technically and economically, the Kun-Manie project presents the Company and our shareholders the opportunity to transition from an exploration company into a Tier 1 producer. In 2007, the first study milestone, a Pre-Feasibility Study completed by SRK Consulting, indicated the project was potentially economic and that ongoing exploration and engineering work was warranted. Work completed since the issuance of the study and through 2015 has resulted in the compilation of an internal Preliminary Economic Assessment done to Pre-Feasibility accuracy.

The Blueprint was compiled based on a series of sensitivity analyses that have substantially improved the economic potential of the project over that defined in the 2007 Pre-Feasibility Study. Analyses indicate that the presently defined resource (159.6 million tonnes of ore) can source sufficient reserves (at 0.45% nickel and 0.13% copper) to sustain production over a 15-year mine life at 6.0 million tonnes per annum. It is planned that the processing plant will generate a concentrate derived for the mine feed derived from four open cast pits and three underground operations. It is intended that the concentrate will be truck hauled from the mine over a 350 kilometre access road to a smelter to be established by the Company located along the Baikal Amur rail line.

The Company has strong Russian and State support. As it is located in the Far East of Russia, Kun-Manie is registered as a Far East Development project. This provides advantages to the Company including access of funds for infrastructure development, metal extraction and tax incentives as well as access to funding support by the Far East and Baikal Region Fund.

The Company is now in final exploration stages where detailed drilling is being conducted and studies are being compiled for inclusion in a Definitive Feasibility Study targeted for completion in Q1 of 2018.

Board of Directors

Senior Management

Paul McKay

Paul McKay, Chief Financial Officer

Mr. McKay is a fellow of the Association of Chartered Accountants (ACCA) and has over 25 years of experience providing financial expertise to a number of industries in areas of banking, accounting, taxation, corporate structuring and corporate finance. Having been involved with mining companies since 1997, overseeing financial and legal issues for exploration and production projects in Africa and the CIS, Mr. McKay joined Amur Minerals in 2011. Read more

Randolph Lewis

Randolph Lewis, President of Russian Operations

Mr. Lewis has led Western businesses in Russia and the CIS for much of the past two decades. He graduated with a degree in Russian Studies from Washington and Lee University in Virginia in 1995 and also studied international business at St Louis University. Read more

Corporate Mission Statement

Our Corporate Mission is comprised of three definitive categories:

  • detailed infill exploration;
  • a transformation from exploration to production;
  • maximisation of shareholder value.

The Board is initially focused on detailed infill exploration, within the Company’s Detailed Exploration and Production Licence area. By drilling to expand the reserve base, compiling the necessary engineering studies and providing optimised designs to the standards of a Bankable Study, we will continue to derisk the project. All work is being conducted to international technical and environmental standards appropriate for financing of a large scale project that will be both profitable and competitive with its peer group.

Secondly, and concurrent with the first objective, the Board aims to transform the Company from exploration to production. Having successfully obtained the Detailed Exploration and Production Licence for the project from the Russian Federation agencies, work will focus on determination of the optimal operation best suited to beneficiate the metal of Kun-Manie. Through the optimisation process, we will identify the specific project requirements and funding requirements to develop and operate one of the largest nickel copper sulphide deposits in the world.

As a public listed company on The London Stock Exchange, and as we progress through the pre-production assessment phase, all efforts will be made to maximise shareholder value.