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Amur Minerals (AMC)

Business description

Amur Minerals is an exploration and development company focused on base metal projects in Russia’s far east. Its principal asset is the Kun-Manie nickel sulphide deposit, comprising over 1.5Mt of contained nickel equivalent in at least five deposits.

Linking up deposits

Flash note | Mining | 15/02/2013

Amur has continued to demonstrate the increasing likelihood for its Maly Kurumkon/Flangovy deposit to join up with a new 750m drill-defined mineralised body called Gorny (all situated in its Kun-Manie exploration licence in the far east of Russia), situated c 2km to the east. Of the 11 holes drilled into Gorny in 2012, nine hit mineralisation, with an average combined thickness of 12.8m per hole at a nickel grade of 0.45% and 0.13% copper.

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Stock data

Market cap.£32.6m
Last close5.030p
High / Low (52 weeks)10.6p / 4.3p
Stock market listingLN
Forecast net cash (US$m)4.1
Forecast gearing ratio (%)N/A
TeamResources - Mining
SectorMining

Price performance

%1m3m12m
Actual(8.9)5.7(27.7)
Relative *(8.2)(0.9)(30.3)

* % Relative to local index

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