Amur to review resources and economic setup in feasibility study
Amur Minerals Corporation PLC (LON:AMC) said it is focusing on the feasibility study to determine total resources in its Russian developments.
The company, focused on exploring nickel-copper sulphide in the far east of Russia, will update its current resource estimate of 155.1mln ore tonnes with the discoveries announced in 2018.
READ: Amur Minerals offers two potential development scenarios for the Kun-Manie nickel sulphide deposit
The TEO – a Russian feasibility study that paves the way for the determination of reserves in accordance with Russian requirements – is due in December 2020 and will also identify whether a separate copper-only concentrate can be achieved, which will boost profitability for both the copper and nickel streams.
Other key objectives are to optimise mine scheduling to increase the open pit potential, as well as incorporating the new additions in the economic model.
Cash reserves at the end of the first six months of 2019 were US$687,000 (H1 2018: US$1.2mln). The company continues to evaluate funding options and partnerships to achieve its current objectives.
Shares were down 5.24% to 1.90p at noon.
Story by ProactiveInvestors
Source: https://www.proactiveinvestors.com/companies/news/903758/amur-to-review-resources-and-economic-setup-in-feasibility-study-903758.html
Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.
"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.
Please Help Support BeforeitsNews by trying our Natural Health Products below!
Order by Phone at 888-809-8385 or online at https://mitocopper.com M - F 9am to 5pm EST
Order by Phone at 866-388-7003 or online at https://www.herbanomic.com M - F 9am to 5pm EST
Order by Phone at 866-388-7003 or online at https://www.herbanomics.com M - F 9am to 5pm EST
Humic & Fulvic Trace Minerals Complex - Nature's most important supplement! Vivid Dreams again!
HNEX HydroNano EXtracellular Water - Improve immune system health and reduce inflammation.
Ultimate Clinical Potency Curcumin - Natural pain relief, reduce inflammation and so much more.
MitoCopper - Bioavailable Copper destroys pathogens and gives you more energy. (See Blood Video)
Oxy Powder - Natural Colon Cleanser! Cleans out toxic buildup with oxygen!
Nascent Iodine - Promotes detoxification, mental focus and thyroid health.
Smart Meter Cover - Reduces Smart Meter radiation by 96%! (See Video).