Amur Minerals Corporation (AIM: AMC), the exploration and development company focused on the Far East of Russia, announces the results of the SRK Consulting Pre Feasibility study on its Kun-Manie nickel sulphide deposit located in eastern Russia. The projections in the study indicate a Post Tax NPV (10%) of $84 million with an IRR of 15.7%. At approximately 16,000 tonnes of nickel contained in concentrate per year, the facility would be one of the largest new nickel sulphide producers since the discovery of Voisey’s Bay.
Key Production Parameters:
- Production of ore will be derived from three ore bodies;
- The mine and plant will operate 365 day per year;
- Seasonal roads will be used for 8 months each year to deliver concentrate and supplies between the site and rail head;
- Annually, four million tonnes of ore are proposed to be mined by open pit methods with a stripping ratio of 2.9 to 1.0 – one of the lowest stripping ratios associated with nickel sulphide mines worldwide;
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