Amur Minerals Share Discussion Threads

[madengland_] 12/11/2018 08:10

Well I don't see it that way. Ultimately the decision to move from DFS to PFS was made for reasons previously articulated. To delay the PFS for the reasons outlined is a sensible move if it opens up more strategic options. It's what we have all been speculating about, so fair play to RY for the communication. I am looking forward to reading the strategic plan.

[duxy786] 12/11/2018 08:04

Hi all,Hope everyone is well.Respect to him, most AIM ceos wpuldnt communicate that to its LT share holder.A deliberate delay is betrer than a forced one because others couldnt deliver on time. Happy holding and adding at any level below 5p so happh days for LTHs.Take careDuxy786

[gizmohican] 12/11/2018 07:54

Dfs downgraded to a bfs downgraded to pfs which they havent delivered to their own set timescales, on numerous occasions in a robust format!

[madengland_] 12/11/2018 07:42

I am missing your point Giz. I think RY has done exactly the right thing, in delaying the PFS and in communicating that

[1i1i1i] 12/11/2018 07:38

Well done Robin, good clear communication, that's all we ever wanted, seems like good times ahead.

[gizmohican] 12/11/2018 07:28

Really shoddy work robin ....again and again

[madengland_] 12/11/2018 07:10

Is the "update the market on our strategic plan" a euphemism for unveiling one or two strategic partners.It's good that RY has taken the advice to update us on the delay and confirm what we're all hoping and speculating on.

[fragilearth] 05/11/2018 07:14

RNS out,,,,, Final drill update.

5 November 2018



AMUR MINERALS CORPORATION

(AIM: AMC)



Amur Completes 2018 Drill Programme



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 final 2018 field programme update at its wholly owned Kun-Manie nickel copper sulphide project ("Kun-Manie" or "the Project").



Designed as a two-stage programme with priority and secondary objectives established, the drill programme has now been successfully completed with all objectives attained. Key objectives included drilling per Russian agency requirements allowing for the compilation of a TEO (Russian Feasibility Study) for use in its application for necessary mining permits, drilling to convert approximately 25.0 million tonnes of existing Inferred resources to that of Indicated, identification of new resources drilled at an Indicated drill spacing for determination of a life of mine Mining Ore Reserves ("MOR") for future study updates and the acquisition of additional representative metallurgical bulk sample for final flow sheet and plant design determination. All results will provide valuable input into the development of a project financing structure.



Highlights:



· During the season, the Company has completed 32,526.5 metres ("m") of drilling within 169 drill holes located throughout the mining licence area, bringing the total drilled metres to 117,343.7 m within 656 diamond core drill holes.



· Entering this drill season, the nickel discovery rate metre drilling at the four deposits of Maly Kurumkon / Flangovy ("MKF"), Vodorazdelny ("VOD"), Ikenskoe / Sobolevsky ("IKEN") and Kubuk ("KUB") ranged from 27,630 pounds ("lbs") to 37,140 lbs.



· Drilling to convert Inferred resource to Indicated was completed during September and October, allowing its future use in the determination of a MOR. Drilling has been completed at IKEN (within the Ikenskoe Inferred High Grade Zone ("IIHG")), along the ISK deposit ("ISK") located between the IKEN and KUB deposits, and at the western end of KUB. Containing a combined total of 32.5 million tonnes, averaging 0.78% nickel and 0.22% copper, the majority of this Inferred resource has now been drilled on a 100 m by 100 m grid used by RPM Global ("RPM") to assign Indicated resource that can be utilised in the determination of a MOR.



· Newly discovered mineralisation located adjacent to IIHG, ISK and western area of KUB has been drill identified based on the RPM Indicated spacing of 100 m by 100 m. The March 2018 IIHG resource of 14.6 million Inferred ore tonnes, averaging 0.87% nickel and 0.25% copper, has been expanded laterally by as much as 81%. Drilling adjacent and between ISK and western KUB has also expanded the resource along strike and laterally from 17.9 million tonnes, at 0.74% nickel and 0.21% copper, by a projected 90%. In combination, the Company anticipates the newly discovered mineralisation will increase the March 2018 Mineral Resource Estimate ("MRE") in the order of 25 million, most of which is anticipated to be categorised as Indicated ore suitable for inclusion in development of additional MOR.



· Final analytical results generated by Alex Stewart Laboratories ("ASL") are now available for all but the last five drill holes. Once available and the data base is fully compiled and verified, the Company can initiate the update to the March 2018 MRE. External check assaying by SGS Minerals is underway. Final analytical results are anticipated to be available Q1 2019.



· Highly prospective drill targets remain to be tested in the future during operations. Mineralisation has not yet been fully delineated at all of the deposits. Presently the largest target is located down dip of the ISK area and covers an area of approximately 0.5 km2.



· June 2018 preliminary open pit designs indicated the potential to derive MOR from the IKEN, ISK and KUB area was in the order of 58 million ore tonnes, requiring 744 million tonnes of waste to be mined and providing a 12.8 to 1.0 waste to ore stripping ratio. The average mine diluted grades were projected to be 0.61% nickel and 0.17% copper. Based on the March 2018 MRE, the newly discovered mineralisation and the conversion of existing Inferred resources, it is anticipated that there will be a material change to the preliminary ultimate pit designs. Previously, it was indicated that three separate pits could be mined. With the linking of the deposits at ISK and KUB and the reduction of the waste zone between IIHG and ISK having been drill proven, new ultimate pit optimisation results may result in the unification of the three currently identified pits into a single large ultimate pit having an overall reduced stripping ratio.



· During September and October 2018, the remainder of the representative bulk sample was collected from IKEN, KUB and the area lying between. During the season, a total of 36 holes (6,604.4 m) containing approximately 7.5 tonnes of mineralisation was acquired, bringing the cumulative project wide bulk metallurgical sample to approximately 15 tonnes. This sample will be used to establish final flow sheet designs, metallurgical recoveries, ore variabilities, plant design, and determination of a furnace / flash smelter design with the potential to generate a Low Grade Matte ("LGM").



· As reported in earlier RNS announcements, Russian regulatory drilling requirements have been completed at all deposits, 62 holes have been completed at a drill spacing of 50 m by 50 m containing a total of 6,742.2 m. This information will be utilised to certify the reserve, compile a TEO and obtain mining permissions. Drilling within these areas will likely allow for the upgrade of the contained resources to that of Measured by JORC (Dec. 2012) standards.



Robin Young, CEO of Amur Minerals, commented:



"Having successfully completed the 2018 engineering related drill programme at our Kun-Manie nickel copper sulphide project, the Company can fully shift its focus to the detailed engineering phase of the project. This year's drill results have been highly beneficial to the Company.



"With the focus on all drilling being done to define Indicated resources, we believe as much as 30 million tonnes of existing Inferred ore may have been converted to Indicated and the potential to increase the mineral resource inventory by up to an additional 25 million tonnes should materially impact the estimated mineral resource of the project. Especially in light of the fact that Indicated resource can be used in the definition of a larger MOR.



"Based on an RPM preliminary ultimate pit design which did use Inferred resources, allowing us to establish our 2018 drill objectives, we anticipate that the three pits located at IKEN, ISK and KUB may merge into one large pit, covering a strike length of more than four kilometres. This being possible, it could provide substantially greater potential to selectively mine higher grade production earlier in the mine life, resulting in an increase in the tonnes of metal produced by the processing plant."

[wanobi] 01/11/2018 09:24

some interesting background comments here;

Mining Veteran Wants to Build a $1 Billion Battery Metals Giant
By Thomas Biesheuvel 1 November 2018, 05:00 GMT

Menell’s TechMet to supply more materials used in batteries
Plan is for a $1 billion IPO in about five years, Menell says

South African mining veteran Brian Menell wants to build a battery material giant to help challenge China’s domination of the nascent industry.

It’s still early days for his privately funded company, TechMet Ltd., which controls just a handful of assets from Canada to Rwanda. But he’s raising more money and sees countries such as the U.S. and Japan as potential partners to help catch China in the rapidly growing industry to provide battery grade supplies of everything from tin and tungsten to nickel and cobalt.

“There’s a degree of urgency now,” said Menell, who started his mining career with diamond giant De Beers in the 1980s and whose family built one of South Africa’s largest mining companies. “It’s a massive problem” that China has dominated supply of these materials for about 15 years, he said.

The western world has become increasingly dependent on China for many of the materials needed for batteries used in electric vehicles, and demand is expected to keep growing. The country has long dominated rare earth output, but is now grabbing more control in markets such as tungsten and cobalt. So much so that President Donald Trump last year ordered the U.S. to curb its dependence on external supplies of what America calls critical minerals.

It’s that sentiment that TechMet want to tap.

The company already has stakes in a tin and tungsten mine in Rwanda, a nickel project in Brazil, a U.S. vanadium processing plant and a recycling facility in Canada that extracts cobalt and nickel from spent lithium batteries.

TechMet, which is backed by high-net-worth investors, will start another round of fundraising in the next month and is looking to raise about $80 million. After that, Menell says he plans to further invest as much as $400 million in three years, with an end goal of selling shares in a $1 billion initial public offering in five years’ time.

“There’s something of a race to capture this industry,” he said in an interview at his London office. “We want to be as big as possible as soon as possible.”

Battery materials such as lithium, cobalt and nickel have been one of the mining industry’s bright spots in the last few years. Still, in recent months prices have retreated amid mounting concerns that miners are producing more cobalt and lithium than the market needs.

But Menell isn’t too concerned about the latest price declines.

“There has been a cooling off around some of the hype,” said Menell, who after De Beers joined Anglovaal Group, his family’s storied South African mining conglomerate that was taken over by African Rainbow Minerals Ltd. “Prices still do not reflect how quickly these techs will evolve and how much metal is needed to fuel that growth.”

Cheers
Wan

[qui quaerit reperit] 01/11/2018 08:46

Samd12 - unless you are told so in case of potential offer or instructed by Government to delay everything till they publish their document with your numbers in it...

[samd12] 01/11/2018 08:26

Surely drilling has long finished, why the silence? Complete mystery!!

[samd12] 01/11/2018 07:57

Agreed Fragileath. Nothing should stop the issue of an RNS re drill update.

[fragilearth] 01/11/2018 07:19

Well, another day and still no news, don't understand why no drill update or date for AGM, they are not behind a gagging order for this information.

[qui quaerit reperit] 24/10/2018 09:15

Good morning Bwana,Working fine on my phone:)

[billyrayvalentine] 24/10/2018 08:28

HTTP/1.1 500 Server Error

[callmebwana] 24/10/2018 08:01

Good morning Tad.
Have you tried looking into LSE ? I think it is broken !!

[callmebwana] 20/10/2018 15:40

I would like a response to the other thread, please. My ramblings, I should call it.

LOL, Showercubical, It all depends on the subject, metaphorically speaking, that is ?
Your post put a smile on my face.. :o))

[callmebwana] 20/10/2018 10:50

Just been looking at some AIM Co's to pass the time.
WSG catches my eye.
The have done so many finance raises it is unbelievable that PI's still invest !!
They have no assets to my knowledge.
Nepotism by the BOD and mugging PI's for many years !! Yet, the PI's keep piling in ??
The business model has been changed a few times to ! The AIM is lettered with many CO's that just do that. Another one of many is Accent resources. You don't have to go far to find many many Co's like that in the AIM. It just amazes me that some people just keep invest in these Co's !!

The AIM is full of shysters and crooks.The FCA is toothless or don't want to control these people !! Legalized robbery and mugging, if I may call it that.
I just hope no one here is invested in one of these kind of Co's.

With AMC, at least we have the resource to thank for. That in itself is luck to a certain degree. Well, I suppose RY knows his rocks. He has not been good at raising finance though. There are all sort of things going on in the back ground in this Stock Market that PI's are not aware of or are not told of.AIMHO of course.

Last week the saga of Patisserie !! There was a £20 Million of hidden hole in the accounts !! The finance director was arrested and released by police.
Just makes you wonder at times.
Just have to be PATIENCE with AMC's BOD, see what next week brings, if any news comes.I just hope AMC is not hiding a hole in its accounts. Well I don't think so. Something is going on but WHAT it is the $64 Question.
Have a good weekend all.

PS.
Nickel Stock Falling @ LME ??. Read a post on LSE BB by FRAK. The Nickel has been moved from the Far East to warehouses in the Netherlands ?? LOL :o) Someone thinking ahead for the EV market demand ??

[qui quaerit reperit] 19/10/2018 16:58

Yes I remember Bwana lol oh those Ukrainian women lol

[showercubicle] 19/10/2018 16:17

Nice rise !!
Will it survive the next ten minutes ?

[callmebwana] 19/10/2018 12:47

No RNS today TAD.
LOL, it feels just like the time we were waiting for the Mining License. It came eventually Mr.Demetri signed it.

Frak from the III BB found out before the RNS, giving me an opportunity to top up. I wonder if some news will leak out this time ?? Here is hoping Mr.RY.

[callmebwana] 18/10/2018 23:29

Spitfire it will all come good. You see I feel much better after a few glasses of Red.

LOL, Tad, one thing I do know though having experience of life with the Ukrainian's is they do have some very,very, beautiful women. I know this as a fact of life. You should remember the private posting between me and you.

Crimea was always Russian. Kruschov just let Ukraine handle it. They also have beautiful women as well.

I know that as a fact. Zarima was with me for three years. LOL :o))
Who gives a monkey's about politics or Jams Bond. Not me for sure.
Why make war when we can make love. I much prefer doing that. LOL :o) Boom,Boom.
All AIMHO of course. Ah, how I have enjoyed life making love instead of war.
Only I know that and I have not kept it a secret either.
I will have good dreams tonight for sure.
Good night all.

[spitfirerory] 18/10/2018 23:04

History lesson taken and learned. As BBC only ever gives us a one sided point of view. However "my names Young, Robin Young and I have a licence to drill."But not much else it seems