$1.78 Per Pound Nickel Cost to Deliver to Rail Station
Amur Minerals Corporation (“Amur” or the “Company”), a mineral exploration and resource development company focused on its Kun-Manie nickel – copper sulphide project located in Russian Far East (“Kun-Manie”), is pleased to announce that an independent review of projected operating cost estimates is now complete.
RPMGlobal Asia Limited (“RPM”), an independent mining consultancy, has derived operating cost estimates using a first principles approach for use in the completion of the estimation of the mining potential at Kun-Manie. Open pit and underground mining, processing, all other site related costs and the cost of concentrate transport to the Ulak rail station have been estimated by RPM and were used by AMC to derive a projected average operating cost of $1.78 per pound of nickel delivered to the Ulak station. The RPM results are based on Q2 2017 costs and quotes presently in place and / or available to Amur’s wholly owned subsidiary (ZAO Kun-Manie). It is from the Ulak station, located on the Baikal Amur (“BAM”) rail line, that the Company has the option to ship the concentrate to a contract smelter or treat the concentrate at a planned Company-owned facility.