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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 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.

Board of Directors

Robert Schafer

Robert Schafer, Non-Executive Chairman

Mr. Schafer has nearly 40 years of experience in the mineral industry, working in the international sector with both major and junior mining companies. He is founder and Managing Director of Eagle Mines Management, a globally active private natural resources corporation. Read more

Robin Young

Robin Young, Chief Executive Officer

Mr. Young is a geological engineer who has worked extensively in the CIS since 1991. He has 39 years of experience in the mineral resources industry overall, which has included large scale projects in remote areas as well as significant work with junior mining companies. Read more

Brian Savage

Brian Savage, Non-Executive Director

Mr. Savage has more than 35 years of experience in all aspects of the mining industry. Brian is currently Chairman of Sage Management LLC, a privately held company he founded to advise and invest in natural resource projects and companies. Read more

Paul Gazzard

Paul Gazzard, Non-Executive Director

Mr. Gazzard, who has acted as an external adviser to Amur for four years, joins the Board with over 10 years of experience working across large institutions in the City of London in his role as a Fund Manager. Read more

Ljupco Naumovski

Ljupco Naumovski, Non-Executive Director

Mr. Naumovski has more than three decades of experience working in Russia, most recently as Vice President and General Director of the Moscow office for Kinross Gold Corporation, the largest Canadian investor in Russia. Read more

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. 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

Amur's Corporate Mission is comprised of three definitive categories:

  • Expansion of the Kun-Manie resource and reserves;
  • Engineering and designing of the Kun-Manie deposit leading to production; and,
  • Identifying available funding opportunities that ultimately lead to mine development.

The Board is focused on resource and reserve expansion of the Kun-Manie project, through low cost drilling attributable to the use of our Company-owned drill rigs. Reserve definition allows for the determination of the ores suitable for assessing the economic potential of the Kun-Manie deposit.

Engineering and design work, which will lead to the final operational configuration, reduces project risk and will lead to the definition of an optimised economic plan. The work is conducted at the highest level of accuracy based on the information available and is intended to lead to the issuance of a Definitive Feasibility Study.

As a resource company in the advanced stages of exploration, funding is imperative to complete the comprehensive work programmes necessary. We will explore all options of funding with careful consideration, in order to source cash for the advancement of the resource expansion, engineering, development and construction of the project.

Amur is listed on the AIM market of the London Stock Exchange. The Company believes that if it successfully executes on all three elements of its mission, creating a high quality project that meets all industry standards, it will also generate significant shareholder value.