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Amur Minerals submits TEO for Kun-Manie project

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Amur Minerals Corporation said it has completed the Permanent Conditions Report or TEO on its far east Russia Kun-Manie nickel/copper sulfide project. 

Analysis and documentation are complete and is now undergoing the mandatory review process by the Russian Government Commission for Natural Resources Reserves (GKZ). 

Completion of the GKZ review will establish the reserves available for open pit mining at its “Detailed Exploration and Mining Production” licence (BLG 15883 TE)., said Amur. 

Subsequent approval, the reserves will be utilised to establish the Russian approved mine plan for Kun-Manie.

Robin Young, Amur’s chief executive, added: “Submission of the independently compiled Permanent Conditions TEO is now complete. 

“Going forward, the process will include a series of meetings between our team and the experts of various disciplines representing the GKZ. 

“These are best viewed as negotiations, modifications and updates to the report.  There is a calendar for the completion of the work which is presently being finalised by the GKZ representative appointed to our Kun-Manie project.  We shall revert once the schedule and key decision points are established.”

Amur also added in response to bulletin board speculation that Kun-Manie had been approved and listed in 2015 as a priority mining investment project for the Amur region and being on the list does not mean new funding has been provided.

Story by ProactiveInvestors


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