MgO Content Reduced, Potential Reduction In Smelter Fees
Highlights:
- MgO content delivered to concentrates reduced from 16.0% to 11.5% over life of mine.
- Potential smelter fee savings of US$76.2 million.
- Life of mine additional nickel production in the order of 8,030 tonnes.
- Life of mine additional copper production in the order of 9,250 tonnes.
Amur Minerals Corporation (AIM: AMC), a nickel-copper sulphide mineral exploration and resource development Company focused on its Kun-Manie project located in the far east of Russia, today announces additional metallurgical test work results on its ores. The work is a continuation of that completed by the Swiss company SGS Mineral Services (“SGS”) located in Chita, Russia, and summarised in the Company’s announcement dated 10 May 2012. Results in the SGS studies indicate there is potential to reduce the magnesium oxide (“MgO”) content captured within the concentrate product that ultimately would be delivered to a smelter. MgO content within a concentrate incurs a penalty assessed by the smelter, and thus, reduced MgO content is positive for operating profits.
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