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Amur Minerals' on track to complete Russian feasibility study for Kun Manie mine project

Thursday, October 1, 2020 10:09

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Amur Minerals Corporation’s (LON:AMC) President & Executive Director Adam Habib joins Proactive London’s Katie Pilbeam to discuss the latest update on the Kun Manie mine project.

Speaking about this ‘strategic resource’ Habib says the company is closer to ‘bankable’ status with the key Russian TEO report on track to be completed by December 1st. He says the market should ‘expect lots of positive news form Amur between now and Q1).

Looking back on the last six months, he reminds viewers about the 19% investment in Nathan River Resources, the iron ore asset in northern Australia. In terms of financials, the company confirmed it ended the half with $831,000 of cash reserves and remains debt free.

The mine developer reported a $1.51m loss for the six-month period.

Story by ProactiveInvestors

Source: https://www.proactiveinvestors.com/companies/news/930490/amur-minerals--on-track-to-complete-russian-feasibility-study-for-kun-manie-mine-project-930490.html

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