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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.

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.£26.3m
Last close4.000p
High / Low (52 weeks)10.6p / 3.8p
Stock market listingLN
Forecast net cash (US$m)4.1
Forecast gearing ratio (%)N/A
TeamResources - Mining
SectorMining

Price performance

%1m3m12m
Actual(15.2)(7.9)(33.9)
Relative *(15.5)(12.2)(36.7)

* % Relative to local index

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