Amur Minerals Corporation (“Amur” or the “Company”), an exploration and mineral resource development company focused on East Russia, announces its Final Results for the year ended 31 December 2007.
Highlights:
- Pre-feasibility demonstrates Kun-Manie project economic at $16,500 per tonne nickel (post-tax NPV is projected to be approximately USD 800 million at today’s nickel price)
- Over 5,000 metres of new diamond core drill holes at Kun-Manie
- Resource estimate increased to 341,000 tonnes Ni and 95,500 tonnes Cu.
- Maly Krumkon deposit resource on the Kun-Manie licence increased by 140%
- First filings with Russian government to obtain production licence for Kun-Manie
- Acquired 25 year exploration and production licence at Kustak, immediately east of Kun-Manie
- Exploration reconnaissance and soil sampling programme completed on Anadjakan, a copper-gold project
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