Amur Minerals (AMC)

Business description

Amur Minerals is an exploration and development company focused on base metal projects in Russia’s far east. The company’s principal asset is the Kun-Manie nickel sulphide deposit in the Amur Oblast, comprising almost 1Mt of contained nickel equivalent in at least five deposits.

A step change in scale possible?

Update | Mining | 03/01/2013

Amur Minerals has received its third extension to its right to explore its 950km2 Kun-Manie Ni-Cu sulphide deposit. This extension is valid until 31 December 2014. Amur will now resupply its site in readiness to commence 2013’s exploration and resource definition programme which, previously, has continued to reveal the potential for Kun-Manie (current total resource 68.5Mt @ 0.5% Ni) to host a district-scale nickel sulphide deposit. In the last two exploration announcements drilling has doubled the length of the Maly Kurumkon deposit to c 2km by joining up with the east-bound Flangovy block. Results across Flangovy indicate nickel and copper grades 46% and 36% higher respectively than those used in SRK’s outdated 2007 PFS (undertaken on only three deposits). Amur has targeted Q113 to initiate an update of its resources and reserves (release will follow completion of this work) leading to a revised PFS.

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Stock data

Market cap.£45.9m
Last close7.500p
High / Low (52 weeks)15.2p / 2.4p
Stock market listingLN
Forecast net cash (US$m)138
Forecast gearing ratio (%)N/A
TeamResources - Mining
SectorMining

Price performance

%1m3m12m
Actual(25.9)24.0158.6
Relative *(25.3)26.7142.0

* % Relative to local index

Company news

Amur Minerals Corporation

Tue, 08 Aug 2017 10:08:52 GMT

Amur Minerals Corporation

Tue, 07 Mar 2017 15:07:09 GMT

Amur Minerals Corporation

Thu, 31 Aug 2017 13:51:40 GMT

Amur Minerals Corporation

Tue, 20 Jun 2017 07:07:08 GMT

Amur Minerals Corporation

Mon, 13 Mar 2017 09:28:15 GMT