Amur Minerals

Primary ticker: LSE:AMC
Stage of development: Exploration
Primary minerals: Nickel
Project to promote: Kun-Manie

Live financials

Amur Minerals is one of the largest undeveloped a sulphide nickel / copper projects in the world with approximately 1.58 million nickel equivalent tonnes at 1.02% NiEq in the far east of Russia close to the major nickel consuming markets of China, Japan and South Korea. Amur has the right to recover 100% of the contained metal over a 20 year production licence.

Management Profile

Robin Young, CEO

Robin Young (CEO) has 40 years of experience in the minerals resources industry, working extensively in the CIS since 1991.

Paul McKay, CFO

Paul McKay (CFO) has over 25 years of experience providing financial expertise over a number of sectors focusing exclusively on natural resources since 2005.

What is your rationale for attending 121 Mining Investment?

Amur Minerals has completed the exploration phase of the project and is now moving towards the BFS working closely with its advisors to identify potential strategic partners.

What recent news would you like to highlight to investors attending?

In February 2019 Amur Minerals released its Pre-Feasibility Study which provides a robust review of Kun-Manie’s scale, value and viability.

What are your key goals for the next 3, 6 and 12 months?

3 Months:

Completion of the updated open pit mining schedule with the successful 2018 drill programme and updated project economics. This represents significant further upside potential to the PFS.

6 Months:

Additional metallurgical test work to reduce the MgO content and to test the potential to produce a separate copper concentrate stream.

12 Months:

Identification and engagement of a strategic partner who can assist Amur Minerals in taking the Kun-Manie project through construction and into production.

What do you think makes your company such a compelling investment?

The right commodity, in the right place at the right time – Amur Minerals has the largest undeveloped nickel sulphide deposit in Asia and is located close to the 3 largest nickel consuming countries of China, South Kores and Japan. The release of the PFS has positioned Kun-Manie to attractive strategic partners that will support Amur’s goal of taking the project through construction and into production.