Amur Minerals Corporation (“Amur” or the “Company”), the nickel-copper exploration and development company focused in the far east of Russia, is pleased to announce that Amurnedra has completed its review of the Company’s exploration on its Kun-Manie exploration licence. Subsequently, a Protocol has been issued and confirms that the exploration phase of the Kun Manie Project is complete. This Protocol is key to the conversion of a Federally Strategic Project held as an exploration licence to that of a production licence.
Kun Manie is a Federally Strategic Project according to the 2008 amendment of Russia’s Law on Subsoils. Such projects must complete exploration before a production license can be granted, and the new Protocol establishes that this exploration phase is now complete.
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