Amur Minerals Share Discussion Threads

[seaclipper] 19/9/2018 08:27

Madenengland.....good news this morning this recourse just gets bigger and bigger....BUT still drilling ..how can they produce a PFS when all info is not avavailable to be put in that..i thought it was done and dusted..thanks for the bet offer....but i am going to decline...have to agree high risk fo me now m8

[gizmohican] 19/9/2018 08:16

Loads more of the shiny stuff well done, wheres the pfs robin?

[hubs] 19/9/2018 07:52

Agreed. More waffle. Thanks for the AAZ tip, CMB. gla.

[gerryjames] 19/9/2018 07:50

WOW! How long can they chun drill results out without anything happening save dilution for wages. I can remember reading these 10 years ago. Back then there was more optimism and some even commented on the size of the "World Class" resource. Nothing has happened since. It's some game. Lol.

[madengland_] 19/9/2018 07:47

Shame RY didn't be bold and announce the date of his media week we were promised. Maybe he forgot? Only one week left Robin!Seaclipper - how much do you want to bet we won't get a sniff of a PFS in September? I am 99.9% now. More jam tomorrow from Robin.

[bckttsim] 19/9/2018 07:46

Re - RNSDo you not think people on ADVFN can see the fact a RNS was posted this morning. So you obviously thought they would not read it and you had to post it on here as well ?Why ?

[ciao4niao] 19/9/2018 07:24

RNS

"AMUR MINERALS CORPORATION

(AIM: AMC)

August 2018 Drill Programme Milestones

Amur Minerals Corporation ("Amur" or the "Company"), a nickel-copper sulphide mineral exploration and resource development company focused on the Far East of Russia, is pleased to provide its August 2018 drill update at its wholly owned Kun-Manie nickel copper sulphide project ("Kun-Manie" or "the Project").

August's drilling has been highly productive with multiple accomplishments and enhancements to the Project being achieved. These include resource expansion within the high grade orebody at Ikenskoe / Sobolevsky ("IKEN"), the joining up of the ISK Orebody with the Kubuk ("KUB") Orebody and the reduction of a barren zone that had been inadequately drilled. Drilling within all areas has been conducted on a 100 metre ("m") by 100 m drill grid which has been utilised by RPM Global ("RPM") to assign Indicated resources.

The combination of mineral limit expansion and use of the spacing to defined Indicated resource will likely have a two-fold effect on the Kun-Manie project. It is anticipated that the results will provide for an increase in the Mineral Resource Estimate ("MRE") with a significant portion being Indicated by JORC (Dec. 2012) classification. The future MRE will increase the tonnages available for the determination of the Mining Ore Reserves ("MOR"). An increase in the MOR will allow for an increased flexibility in determination of further optimisation of the mine production schedule allowing for the treatment of higher grade ores earlier in the mine life, and thereby improving the projected Net Present Value ("NPV") and Internal Rates of Return ("IRR").

Highlights:

-- A total of 7,969.1 m (29 holes) of drilling was completed during August bringing the season's total to 143 holes containing a total of 26,235.4 m.

-- The second of three priority targets has been completely drilled. In August 2018, the IKEN Inferred High Grade Zone ("IIHG") had been identified by a total of 29 mineralised holes (2017 and 2018) resulting in an increase of 81% to the deposit size taking it from 0.16 square kilometres to 0.29 square kilometers. The zone has been expanded to the northeast (ranging from 100 m to 300 m) and southeast (100 m).

-- Drilling within the IIHG has been completed using a 100 m by 100 m grid which has historically been utilised by RPM to assign Indicated resource suitable for inclusion in the determination of MOR's.

-- The configuration of the mineralisation within IIHG is indicated to cover 0.29 square kilometre area at an indicated 30.9 m thickness averaging 0.91% for nickel and 0.25% for copper representing an expansion of 81%.

-- The Company expects that the update of the IKEN MRE which includes the IIHG area will result in a substantial increase with regard to total mineralised tonnes and the JORC resource category. At the beginning of the drill season, IIHG was estimated to contain 14.6 million tonnes of Inferred resource averaging 0.87% nickel and 0.24% copper. With expansion of the resource, the area could source as much as four years of higher grade production for the processing plant.

-- The 1,000 m long ISK Orebody and the 1,300 m long KUB Orebody have been linked together with the discovery of a 400 m long mineralised zone located between the two orebodies. In addition, drilling has expanded the ISK Orebody by an additional 100 m to the west. The total length of the unified orebody from the west end of ISK to the east end of the KUB Orebody in projected to be 2,800 m.

-- The newly discovered mineralized zone located between ISK and KUB is well mineralised. Four holes drilled along the strike of the structure indicate an average thickness of 67.3 m at 0.75% nickel and 0.20% copper. Of these four holes, one contains 98.6 m of mineral averaging 0.89% nickel and 0.23% copper making it the best drill hole completed at Kun-Manie. Drilling up dip from these holes has confirmed the presence of mineralisation with the block between ISK and KUB which is now drilled on a 100 m by 100 m grid. The area will provide for an increase to the MRE whilst simultaneously providing the potential to host previously undefined Indicated resources.

-- At the west limit of the newly unified orebodies of ISK and KUB, additional mineralisation has also been identified within two holes averaging 44.2 m in thickness with 0.99% nickel and 0.26%. Identified at the end of the month, additional drilling within the area is necessary to identify the extent of the new mineralisation in the dip orientation and in the strike direction southeastward toward the ISK deposit. Based on the current drill spacing, the Company projects this new mineralisation to be of the Inferred resource category.

-- Consolidation of the 2017 and 2018 drill results now confirms the presence of a persistent flat lying strike oriented mineral structure from the west end of IIHG to the midpoint of the KUB Orebody. This 2,900 m long area hosts a total of 2,800 m (a 100 m waste zone between IIHG and ISK) zone of mineralisation defined by 29 drill holes. These holes on average indicate the structure to be 35.6 m in thickness containing 0.83% nickel and 0.25% copper. The structure represents a substantial open pit target along the entirety of the zone which is anticipated to materially increase the reported (28 June 2018) open pit simulation results contained within three ultimate pits. Derivation of a single pit along this trend could result in an improved ore to waste stripping ratio whilst simultaneously increasing the MOR.

-- Three holes have been completed in the down dip direction from known mineral at KUB. These have identified the deeper limits of mineral which ranges from 3.0 m to 6.8 m in thickness having nickel grades ranging from 0.54% to 0.76%. KUB is now considered to be completely drilled.

-- Six holes were completed in the down dip direction from 2017 ISK ore holes to determine if economic mineral continues to the northeast. Five of the six holes intersected mineral confirming the presence of economic grade mineral in the down dip direction. The five mineralised holes contain from 8.0 m to 25.0 m of mineral with nickel grades ranging from 0.50% to 0.90%.

-- Historical drilling completed in 2006 located approximately 300 m to 400 m to the northeast of the completed August down dip holes at ISK contains 12.7 m of 1.2% nickel. Successful drilling in the area between the 2006 intercept and that of the five ore holes completed this month could result in the identification of the longest dip oriented continuous mineralised zone at Kun-Manie. The potential length in this orientation would be in the order of 800 m and is a part of a much larger area considered to have highly prospective potential. Drilling in the area is planned to be undertaken after the project is in production.

-- Metallurgical sample collection continued during the month with approximately 2,000 m remaining to be drilled. Completion of this work will provide the Company with a metallurgical sample in the order of 15.0 tonnes. About half will have been derived along the IKEN - KUB Trend and the other half having been acquired during drilling at the MKF Orebody. The 15.0 tonne sample will enable the Company to undertake a combination of bench and pilot plant scale test work for final flow sheet design and engineering of the plant, capable of treating the mine life ore variability range whilst also providing key information for consideration in the design and construction of a Low Grade Matte production facility.

-- The Company anticipates that August's drilling will have a substantial and material impact on the 28 June 2018 open pit simulations along the IKEN / KUB Trend. In that evaluation, three significant pits had been defined and were centred on the IKEN Orebody, the ISK Orebody and the KUB Orebody. New open pit simulations used on an updated MRE update could result in the identification of a single large pit encompassing the majority of the mineralisation located along the 4,100 m long IKEN / KUB Trend.

-- Expansion of the open pit potential and the identification of the associated MOR is anticipated to provide additional flexibility in the identification of higher grade ores that may be available to early production supplanting the lower grade ores whilst simultaneously extending the mine life. Optimisation of the production schedule by processing higher grade ores earlier in the production cycle typically improves the Net Present Value ("NPV") and Internal Rate of Return ("IRR").

-- The Company plans to continue drilling through the month of September targeting acquisition of the final portion of the metallurgical sample, defining the up dip limits of the mineralisation in the ISK area and to continue drilling of the area at the west end of ISK adjacent the 100 m barren area.

-- Alex Stewart Laboratory ("ASL"), responsible for the derivation of the final analytical results used in resource estimation, has thus far been providing results within approximately six weeks of the samples being helicoptered off the site and their arriving in Moscow. The comprehensive final results for this year's drilling are anticipated for delivery by Q1 2019. ASL results have been obtained for the majority of the drilling completed through July 2018.

The August drill programme has completed the second of its three priority drill objectives and allowed for the implementation of secondary target drilling designed to identify specific mineral limits within and along the IKEN / KUB Trend.

Previously, drilling in accordance with the Russian Federation Sub-soil law has been completed and moving forward this will allow the Company, in certification of the reserve, to use in attaining necessary mining permissions. The second objective was attained on the completion of drilling at the IIHG resource identified which was projected to contain 14.6 million tonnes Inferred resource. The third objective comprised of metallurgical sample collection which is well advanced with approximately 2,000 m remaining to be drilled.

Secondary priority level drilling was initiated in August and was intended to identify the limits of mineralisation where insufficient drilling was present at the end of 2017. This effort has discovered substantial new mineral extensions where limited potential was interpreted to exist allowing for additional ore sources that could further increase the MRE during the next update. The secondary priority work has linked orebodies and reduced the length of waste along the IKEN - KUB Trend.

Drilling conducted during this season was completed, where possible, on a drill spacing used by RPM to report Indicated resources. The Company anticipates a substantial increase to the March 2018 MRE, the key to the new resource will be the amount of Indicated, or improved, resource which can be utilised for MOR definition.

Robin Young, CEO of Amur Minerals, commented:

"August's drilling was an exceptional month having reaped numerous successes and benefits, both anticipated and unanticipated. These results bode well for the continual evaluation of the Kun-Manie Project and should provide substantial future benefits to the Project.

"In August, our drillers completed work on the Ikenskoe / Sobolevsky High Grade Zone which represents one of the highest grade orebodies at Kun-Manie. It has been nearly doubled in size and drilled at the spacing likely to allow for its identification of Indicated resource over its full extent.

"Drilling of secondary priority targets for the determination of mineral limit definition in areas of limited drill holes have provided unexpected, but promising results. Substantial discoveries of new mineral have been made throughout areas thought to have limited potential. In fact, within one area, we intersected our best ever interval of 98.6 m of 0.89% nickel and 0.23% copper. The August component of drilling linked orebodies together and we now know there is a near 2,800 m long, pervasively mineral horizon along the strike of a part of the Ikenskoe / Sobolevsky - Kubuk Trend. Drilling indicates this is about a 35.6 m thick horizon and contains an average of 0.83% nickel and 0.25% copper.

"It is anticipated these results will have a material impact on the Mineral Resource Estimate, the Mining Ore Reserve, optimisation of the production schedule and the projected economic potential of Kun-Manie. It is a rare achievement that a month of drilling can have such an overall potential impact on a Project."

[callmebwana] 18/9/2018 18:54

Hey CT you have been missing for quite a while. How is your little kid doing ?
I bet a handful now.

Back to AMC. Let's just remind the newbies that we hold a license to a STRATEGIC MINERAL, 100% Owned by AMC. Any new Co. can only have 25% share in any Strategic Mineral project in Russia these days. AMC had applied for the License before the Low was changed in Russia. The Russians have been very good to AMC.
Rosnedra also helped AMC to include PM's in their license, our BOD had forgotten to include them in !!
Try and put a value on the license alone and the world class resource? We can sell the whole lot to anyone or take a J/V with any conditions and agreements.
I bet AMC is on the Radar of all the big miners in the world.
The new Copper mine that is going alone in Russia can only have a 25% J/V partner.
They have rejected Chinese partners because they were not putting enough finance in the project or terms not good. Read post by Ftsedow on LSE BB.
I am going to be in this share until the Fat Lady sings very loud.
I don't need the likes of Logan to advice me.He thinks I am a ramper!! LOL.
Well most LTH's should know differently. I say what I feel and never tried to misled anyone. Let's see what news this month brings.
Everyone to their own.
have a good evening and GLA.

[peawacks] 18/9/2018 14:45

Vladimir is on the case.

'One of the most striking events was the visit to the pavilion of the Amur Region by Russian President Vladimir Putin and Chinese President Xi Jinping.'

[qui quaerit reperit] 18/9/2018 14:33

Within the framework of WEF-2018, the Amur Region signed 12 cooperation agreementsDate of placement: 09/18/2018 19:47Many of the agreements dealt with the development of human resources and labor resources.The results of the WEF were discussed at a government meeting. One of the most important Deputy Prime Minister Andrei Plutenko singled out an agreement with the Agency for Strategic Initiatives to introduce a regional standard for the staffing of industrial growth. Last year, a similar standard was piloted in 20 regions of the country. "It provides for the interaction of the Government, the educational system and key industry professionals, both already established in the region, and only developing," said Andrei Plutenko. In addition, the deputy chairman stressed that it is necessary to develop the movement of young professionals Worldwide in the Amur region. Another important agreement, which managed to reach Priamurye within the framework of the WEF, was cooperation with Megafon, in which 55 schools of the Amur region will receive free access to the Internet at a speed of 10 megabits per second.Separately at the meeting of the Government, the President's instruction was noted, according to which in all national programs 5.5% of funding should be allocated to projects being implemented in the Far East. In this regard, all ministers of the Amur Government are instructed to review existing projects in order to submit them for funding.

[qui quaerit reperit] 18/9/2018 14:30

Vasily Orlov summed up the preliminary results of the WEFDuring the Eastern Economic Forum, the regional government signed a number of important agreements that will stimulate the socio-economic development of the region.One of the most striking events was the visit to the pavilion of the Amur Region by Russian President Vladimir Putin and Chinese President Xi Jinping."We showed the leaders how much cultural and economic cooperation between Heilongjiang Province and the Amur Region is represented," Vasily Orlov, head of Priamurye, commented. - Today we are implementing several joint large-scale projects on the development of transport infrastructure. This is the construction of a road bridge over the Amur, the theme of the construction of a railway bridge in the road section was also discussed, we have an appropriate solution within the framework of the intergovernmental agreement. Possible options for investing in this project were discussed. Also in perspective - the cable car "Blagoveshchensk - Heihe." Under this project, we replaced the investor, the group of companies "Region" came, this is a very serious investor, capable of implementing it. We understand that it is very important for the image of the region, especially since this is the first such project of an international scale. Also at the meeting with the leaders of the two states the issue of expanding the supply of agricultural products from the Amur region to China was discussed. Today we supply only soy, soybean oil and there is a small quota for wheat. At the same time, our potential is tens of times greater than the volume of today's supplies. I came out with a proposal to give instructions to governments to expand the range and volumes of agricultural products, including: dairy products, livestock products and cereals.In addition, a meeting of the State Council was held, where the problems of the development of the Far East were condemned. In particular, I managed to raise a very important topic for the region in the federal program "Safe and qualitative roads", which can be used to raise additional funds for the development, rehabilitation and repair of the Amur region road network.A number of meetings with large investors took place. We discussed a number of projects in the field of mining, for example, the implementation of the Ogodzha deposit. We discussed the construction of a methanol plant in Skovorodino, we are planning that construction work will begin next year, and in 21 the plant will start. It is worth noting the high degree of readiness of the decision to build in the Free Gas and Chemical Complex. The investor says that in 2019 it will be accepted. "

[crazytowner] 18/9/2018 12:10

So.... As per loganair, who has obviously thought long and hard, lolAMC enter into a 50 / 50 JV for 1bn USD, this will buy the full smelter scenario.The full smelter NPV is probably going to be circa 2bn USD (depending on nickel price used), but we can now add back in the 1bn Capex costs as covered by JV cash, So NPV is approximately 3bn USD.50% to AMC, circa 650m shares in issue, gives 2.3 USD per share, circa 2 GBP.But he thinks the license should be sold for 50p, hahahaha

[peawacks] 18/9/2018 12:10

Loganair, that's the problem with hypothetical questions, nobody really knows the answer. Are you RY in disguise, looking for a solution ? If we can give you the answer you need, then maybe the board have already sussed it out. Have you thought of that ? Just maybe they are in that very process of finding the money but can't tell us yet.

[cowboysteve] 18/9/2018 12:09

Fair enough Logan; I suppose our differing opinion is what makes a market.

Best of luck to you

[loganair] 18/9/2018 12:06

Often in any JV, the original company in the JV is the weaker partner due to their lack of financial strength.

I'm not as confident as you are that after any Right's Issue due to a JV that the AMC share price will not substantially fall back.

[cowboysteve] 18/9/2018 11:54

"then I would sell the license and return all the sale proceeds"
Typically this is what you would call a Take Over. Where we transfer over the license to a new owner pending a payment for it.

We have to keep acting as though we will do it ourselves. If we have a PFS then sure, there may be some take out interest. Probably not though. The market will go "oh, nice project, and great NPV...so? Well just wait for you to burn through your cash and make a derisory offer when you are broke." Instead, we go around and pitch the PFS to financiers (sounds like we've been doing a lot of this already), prove to the market we can raise the necessary finance (and therefore stay in business as well), and the TO offer becomes sweeter.

"the share price may initially rise"
Sure. That's why im a buyer here where the market cap is under £30m. If this does fly with a JV, then whatever rights issue is made im quite confident we aren't going to return to these levels later.

[loganair] 18/9/2018 11:36

cow - What I'm saying is if I was in RY shoes once all the tests are completed then I would sell the license and return all the sale proceeds to the share holder rather then either trying to raise the capital and go it a lone or go for a JV to bring the mine into production.

As regards JV - the share price may initially rise, the retail investor puts in more money in a rights Issue at this higher share price, then often for some reason the share price collapses and sadly the retail shareholder loses most if not all their investment.

[cowboysteve] 18/9/2018 11:28

Hi Logan - you've got more experience than I do im afraid on the JV side than the TO side.

That is to say - we are here to make money. If anyone anticipates that this project appears appealing to financiers, then the share price should upgrade to a discount to NPV. Whether we get JV or TO at that time will be further cherry on top (quite a bit).

I note that at the moment, every indication that the BOD gives is that we will go this alone. That is the right feint to give any other players in the market who are keen to load up on a sought after battery-mineral in the near future.

As regards JV and funding caps: this is up for negotiation like any deal. If our JV arrangement requires costs from shareholders after the JV has put in their amount, then it is likely shareholders are doing it from a basis where the market cap of the company is many multiples of where it is in AMC's case currently.

[loganair] 18/9/2018 11:21

cow - What I have seen of JV's is usually the company putting up the money also puts in a cap on what they are willing to spend on a 100% basis. After this cap has been reached then the other side of the JV has to put in the percentage amount of the percentage they still own.

[cowboysteve] 18/9/2018 11:15

Hi Logan

Typically an exploration company finds the funding for their projects by proving up their resource, producing an economic plan for extracting, processing and transporting the mineral.

The gap between what an explorer looks for and then that explorer turning to production is raised via financing. That financing is strongly predicated on what bankers think of the project, typically by looking at a heavily audited document such as a PFS. Financing for a mine with large capex almost never comes from shareholders; a small amount perhaps of dilution of a debt/equity financing deal.

Should an explorer be able to attract finance for the project, typically because the cash flows arising from the project are attractive to lenders, then the share price of the explorer rises to a discount to the NPV. Typically at PFS level, anywhere between 25-50%. As such, any dilution that does take place, takes place after the shares have risen considerably to reflect the willingness of financiers to fund the project, and also it's now attractiveness to any other potential bidders who can see that the project is going to be competition for them: and perhaps that drives their animal spirit to investigate a take out offer.

So in simple answer to your question:
" Where are Amur going to get the in excess of $1bln they need to develop their mine? "
>>If the financing is to be given for this project, it will only arise as a result of a PFS. Without the PFS, the market cannot in any way accurately value this project.

[callmebwana] 18/9/2018 11:11

Logan on the one hand you say AMC can be sold for 50P ! What makes you think that ?
I would be quite happy to take 45P LOL.
As far as a J/V goes, have you never considered AMC gets 25 % holding and the J/V spends all the money running the show. All the way through the mine life.
I have been in business and there are many ways you can do the deals.

You still have not told me if you are a share holder here. So you can carry on with your views.I think you have a lot of spare time on your hands.
Anyway I am off out now. A lot better things to do.
Have a good day all.

[loganair] 18/9/2018 10:54

call - Sadly like many on this thread, you also seem like a one sided conversation, is why I continually put the other side as both sides need to be heard.

[loganair] 18/9/2018 10:51

If I was in RY shoes, once all the testing is complete I would sell the licence to one of the big mining companies for say 50p per share and return the sale proceed to share holders and liquidate AMC.

If AMC go for a JV the share holder may lose the lot. A JV will go something like the other company pays the first $1bln of development costs then any further costs are split 50/50. AMC will not be able to raise the money they need and will have to sell out on the very cheap to pay off any debts they may have leaving the retail investor with nothing is why I would sell the license once testing is complete.