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.

Kubuk drilling could redefine Kun-Manie

Flash note | Mining | 13/06/2013

Amur has started its 2013 drill programme at the Kun-Manie Ni-Cu project, focusing on a 2.5km-long deposit called Kubuk. Geophysical and trenching (past results = c 50m horizontal length grading 0.63% Ni and 0.16% Cu) studies suggest all the hallmarks of a strongly mineralised region of the exploration licence; and one that could materially change the size and shape of Kun-Manie’s mine plan. Coupled with Amur inching towards a successful resolution to its mining licence, and investors could well see Kun-Manie’s true value becoming unlocked.

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Stock data

Market cap.£46.4m
Last close7.320p
High / Low (52 weeks)15.2p / 5.5p
Stock market listingLN
Forecast net cash (US$m)138
Forecast gearing ratio (%)N/A
TeamResources - Mining
SectorMining

Price performance

%1m3m12m
Actual(10.7)(15.8)24.1
Relative *(9.1)(15.4)12.4

* % Relative to local index

Company news

Amur Minerals Corporation

Tue, 08 Aug 2017 10:08:52 GMT

Amur Minerals Corporation

Wed, 18 Oct 2017 07:25:43 GMT

Amur Minerals Corporation

Tue, 20 Jun 2017 07:07:08 GMT

Amur Minerals Corporation

Mon, 13 Mar 2017 09:28:15 GMT

Amur Minerals Corporation

Mon, 25 Sep 2017 06:57:26 GMT