Amur Minerals Share Discussion Threads

[leechang] 18/8/2019 02:26

The Right Project • Amur is developing the Kun-Manie project, the largest undeveloped and drill proven nickel copper sulphide deposit in Asia with a JORC Mineral Resource Estimate containing 155.1 million ore tonnes comprising a nickel equivalent grade of 1.02%, equating to a total of 1.58 million equivalent tonnes of nickel • PFS released in February 2019 reinforcing the Project’s technical and economic viability, highlighting a three year construction period and a 15 year production period with upside potential to extend the LOM • Two production scenario’s • TS Option â€" Total post tax free cashflow of $2,041 million • FFS Option - Total post tax free cashflow of $2,980 million The Right Location • Located in the Far East of Russia, close to China’s north east border, with ready access to the key nickel and copper markets of China, Japan and Korea via Sea (Vladivostok) and Land (Rail) • Highly skilled management team with experience operating in Russia and the Far East The Right Time • Nickel demand set to dramatically grow as nickel is a non-substitutable and essential commodity for the Electric Vehicle (EV) battery market accounting for up to 80% of the raw materials in NCA batteries • On track to be one of the world’s top-10 nickel producers arriving in a period of chronic nickel supply deficits The robust PFS puts Amur and the project in an attractive position for the Company to continue its strategic plan and identify partnerships that will add to, and complement, the Company’s existing experience and influence in order to bring Kun-Manie into development. • Construction of a one lane access road capable of lasting 30 years • The initial road design was begun in February 2019 • Capital cost included in the PFS • Engagement of Strategic Partner • Process underway • Supported by delivery of PFS • Enhance existing expertise to help drive shareholder value Size - The largest proven nickel sulphide deposit in Asia ï?µ PFS released in February 2019 •TS Option - post tax NPV(10%) $614.5 million, post tax IRR 29.3%, total post tax free cashflow $2,041 million •FFS Option â€" post tax NPV(10%) $987.4 million, posy tax IRR 34.7%, total post tax free cashflow $2,980 million Location - Ideally positioned to supply China, Korea and Japan, the biggest consumers of nickel Commodity - Nickel to be the major component of grid and EV batteries for many years ï?µ Nickel price set to rise in line with rising EV demand ï?µ No substitution for nickel in EV battery technology Timing - In development and moving towards BFS Production scheduled to start at the beginning of a sustained nickel supply requirement Support - Strong management and Board with experience in project development in Russia Government support for the project and associated infrastructure

[leechang] 18/8/2019 02:26

The Right Project • Amur is developing the Kun-Manie project, the largest undeveloped and drill proven nickel copper sulphide deposit in Asia with a JORC Mineral Resource Estimate containing 155.1 million ore tonnes comprising a nickel equivalent grade of 1.02%, equating to a total of 1.58 million equivalent tonnes of nickel • PFS released in February 2019 reinforcing the Project’s technical and economic viability, highlighting a three year construction period and a 15 year production period with upside potential to extend the LOM • Two production scenario’s • TS Option â€" Total post tax free cashflow of $2,041 million • FFS Option - Total post tax free cashflow of $2,980 million The Right Location • Located in the Far East of Russia, close to China’s north east border, with ready access to the key nickel and copper markets of China, Japan and Korea via Sea (Vladivostok) and Land (Rail) • Highly skilled management team with experience operating in Russia and the Far East The Right Time • Nickel demand set to dramatically grow as nickel is a non-substitutable and essential commodity for the Electric Vehicle (EV) battery market accounting for up to 80% of the raw materials in NCA batteries • On track to be one of the world’s top-10 nickel producers arriving in a period of chronic nickel supply deficits The robust PFS puts Amur and the project in an attractive position for the Company to continue its strategic plan and identify partnerships that will add to, and complement, the Company’s existing experience and influence in order to bring Kun-Manie into development. • Construction of a one lane access road capable of lasting 30 years • The initial road design was begun in February 2019 • Capital cost included in the PFS • Engagement of Strategic Partner • Process underway • Supported by delivery of PFS • Enhance existing expertise to help drive shareholder value Size - The largest proven nickel sulphide deposit in Asia ï?µ PFS released in February 2019 •TS Option - post tax NPV(10%) $614.5 million, post tax IRR 29.3%, total post tax free cashflow $2,041 million •FFS Option â€" post tax NPV(10%) $987.4 million, posy tax IRR 34.7%, total post tax free cashflow $2,980 million Location - Ideally positioned to supply China, Korea and Japan, the biggest consumers of nickel Commodity - Nickel to be the major component of grid and EV batteries for many years ï?µ Nickel price set to rise in line with rising EV demand ï?µ No substitution for nickel in EV battery technology Timing - In development and moving towards BFS Production scheduled to start at the beginning of a sustained nickel supply requirement Support - Strong management and Board with experience in project development in Russia Government support for the project and associated infrastructure

[leechang] 18/8/2019 02:26

The Right Project • Amur is developing the Kun-Manie project, the largest undeveloped and drill proven nickel copper sulphide deposit in Asia with a JORC Mineral Resource Estimate containing 155.1 million ore tonnes comprising a nickel equivalent grade of 1.02%, equating to a total of 1.58 million equivalent tonnes of nickel • PFS released in February 2019 reinforcing the Project’s technical and economic viability, highlighting a three year construction period and a 15 year production period with upside potential to extend the LOM • Two production scenario’s • TS Option â€" Total post tax free cashflow of $2,041 million • FFS Option - Total post tax free cashflow of $2,980 million The Right Location • Located in the Far East of Russia, close to China’s north east border, with ready access to the key nickel and copper markets of China, Japan and Korea via Sea (Vladivostok) and Land (Rail) • Highly skilled management team with experience operating in Russia and the Far East The Right Time • Nickel demand set to dramatically grow as nickel is a non-substitutable and essential commodity for the Electric Vehicle (EV) battery market accounting for up to 80% of the raw materials in NCA batteries • On track to be one of the world’s top-10 nickel producers arriving in a period of chronic nickel supply deficits The robust PFS puts Amur and the project in an attractive position for the Company to continue its strategic plan and identify partnerships that will add to, and complement, the Company’s existing experience and influence in order to bring Kun-Manie into development. • Construction of a one lane access road capable of lasting 30 years • The initial road design was begun in February 2019 • Capital cost included in the PFS • Engagement of Strategic Partner • Process underway • Supported by delivery of PFS • Enhance existing expertise to help drive shareholder value Size - The largest proven nickel sulphide deposit in Asia ï?µ PFS released in February 2019 •TS Option - post tax NPV(10%) $614.5 million, post tax IRR 29.3%, total post tax free cashflow $2,041 million •FFS Option â€" post tax NPV(10%) $987.4 million, posy tax IRR 34.7%, total post tax free cashflow $2,980 million Location - Ideally positioned to supply China, Korea and Japan, the biggest consumers of nickel Commodity - Nickel to be the major component of grid and EV batteries for many years ï?µ Nickel price set to rise in line with rising EV demand ï?µ No substitution for nickel in EV battery technology Timing - In development and moving towards BFS Production scheduled to start at the beginning of a sustained nickel supply requirement Support - Strong management and Board with experience in project development in Russia Government support for the project and associated infrastructure

[leechang] 18/8/2019 02:26

The Right Project • Amur is developing the Kun-Manie project, the largest undeveloped and drill proven nickel copper sulphide deposit in Asia with a JORC Mineral Resource Estimate containing 155.1 million ore tonnes comprising a nickel equivalent grade of 1.02%, equating to a total of 1.58 million equivalent tonnes of nickel • PFS released in February 2019 reinforcing the Project’s technical and economic viability, highlighting a three year construction period and a 15 year production period with upside potential to extend the LOM • Two production scenario’s • TS Option â€" Total post tax free cashflow of $2,041 million • FFS Option - Total post tax free cashflow of $2,980 million The Right Location • Located in the Far East of Russia, close to China’s north east border, with ready access to the key nickel and copper markets of China, Japan and Korea via Sea (Vladivostok) and Land (Rail) • Highly skilled management team with experience operating in Russia and the Far East The Right Time • Nickel demand set to dramatically grow as nickel is a non-substitutable and essential commodity for the Electric Vehicle (EV) battery market accounting for up to 80% of the raw materials in NCA batteries • On track to be one of the world’s top-10 nickel producers arriving in a period of chronic nickel supply deficits The robust PFS puts Amur and the project in an attractive position for the Company to continue its strategic plan and identify partnerships that will add to, and complement, the Company’s existing experience and influence in order to bring Kun-Manie into development. • Construction of a one lane access road capable of lasting 30 years • The initial road design was begun in February 2019 • Capital cost included in the PFS • Engagement of Strategic Partner • Process underway • Supported by delivery of PFS • Enhance existing expertise to help drive shareholder value Size - The largest proven nickel sulphide deposit in Asia ï?µ PFS released in February 2019 •TS Option - post tax NPV(10%) $614.5 million, post tax IRR 29.3%, total post tax free cashflow $2,041 million •FFS Option â€" post tax NPV(10%) $987.4 million, posy tax IRR 34.7%, total post tax free cashflow $2,980 million Location - Ideally positioned to supply China, Korea and Japan, the biggest consumers of nickel Commodity - Nickel to be the major component of grid and EV batteries for many years ï?µ Nickel price set to rise in line with rising EV demand ï?µ No substitution for nickel in EV battery technology Timing - In development and moving towards BFS Production scheduled to start at the beginning of a sustained nickel supply requirement Support - Strong management and Board with experience in project development in Russia Government support for the project and associated infrastructure

[leechang] 18/8/2019 02:26

The Right Project • Amur is developing the Kun-Manie project, the largest undeveloped and drill proven nickel copper sulphide deposit in Asia with a JORC Mineral Resource Estimate containing 155.1 million ore tonnes comprising a nickel equivalent grade of 1.02%, equating to a total of 1.58 million equivalent tonnes of nickel • PFS released in February 2019 reinforcing the Project’s technical and economic viability, highlighting a three year construction period and a 15 year production period with upside potential to extend the LOM • Two production scenario’s • TS Option â€" Total post tax free cashflow of $2,041 million • FFS Option - Total post tax free cashflow of $2,980 million The Right Location • Located in the Far East of Russia, close to China’s north east border, with ready access to the key nickel and copper markets of China, Japan and Korea via Sea (Vladivostok) and Land (Rail) • Highly skilled management team with experience operating in Russia and the Far East The Right Time • Nickel demand set to dramatically grow as nickel is a non-substitutable and essential commodity for the Electric Vehicle (EV) battery market accounting for up to 80% of the raw materials in NCA batteries • On track to be one of the world’s top-10 nickel producers arriving in a period of chronic nickel supply deficits The robust PFS puts Amur and the project in an attractive position for the Company to continue its strategic plan and identify partnerships that will add to, and complement, the Company’s existing experience and influence in order to bring Kun-Manie into development. • Construction of a one lane access road capable of lasting 30 years • The initial road design was begun in February 2019 • Capital cost included in the PFS • Engagement of Strategic Partner • Process underway • Supported by delivery of PFS • Enhance existing expertise to help drive shareholder value Size - The largest proven nickel sulphide deposit in Asia ï?µ PFS released in February 2019 •TS Option - post tax NPV(10%) $614.5 million, post tax IRR 29.3%, total post tax free cashflow $2,041 million •FFS Option â€" post tax NPV(10%) $987.4 million, posy tax IRR 34.7%, total post tax free cashflow $2,980 million Location - Ideally positioned to supply China, Korea and Japan, the biggest consumers of nickel Commodity - Nickel to be the major component of grid and EV batteries for many years ï?µ Nickel price set to rise in line with rising EV demand ï?µ No substitution for nickel in EV battery technology Timing - In development and moving towards BFS Production scheduled to start at the beginning of a sustained nickel supply requirement Support - Strong management and Board with experience in project development in Russia Government support for the project and associated infrastructure

[leechang] 18/8/2019 02:26

The Right Project • Amur is developing the Kun-Manie project, the largest undeveloped and drill proven nickel copper sulphide deposit in Asia with a JORC Mineral Resource Estimate containing 155.1 million ore tonnes comprising a nickel equivalent grade of 1.02%, equating to a total of 1.58 million equivalent tonnes of nickel • PFS released in February 2019 reinforcing the Project’s technical and economic viability, highlighting a three year construction period and a 15 year production period with upside potential to extend the LOM • Two production scenario’s • TS Option â€" Total post tax free cashflow of $2,041 million • FFS Option - Total post tax free cashflow of $2,980 million The Right Location • Located in the Far East of Russia, close to China’s north east border, with ready access to the key nickel and copper markets of China, Japan and Korea via Sea (Vladivostok) and Land (Rail) • Highly skilled management team with experience operating in Russia and the Far East The Right Time • Nickel demand set to dramatically grow as nickel is a non-substitutable and essential commodity for the Electric Vehicle (EV) battery market accounting for up to 80% of the raw materials in NCA batteries • On track to be one of the world’s top-10 nickel producers arriving in a period of chronic nickel supply deficits The robust PFS puts Amur and the project in an attractive position for the Company to continue its strategic plan and identify partnerships that will add to, and complement, the Company’s existing experience and influence in order to bring Kun-Manie into development. • Construction of a one lane access road capable of lasting 30 years • The initial road design was begun in February 2019 • Capital cost included in the PFS • Engagement of Strategic Partner • Process underway • Supported by delivery of PFS • Enhance existing expertise to help drive shareholder value Size - The largest proven nickel sulphide deposit in Asia ï?µ PFS released in February 2019 •TS Option - post tax NPV(10%) $614.5 million, post tax IRR 29.3%, total post tax free cashflow $2,041 million •FFS Option â€" post tax NPV(10%) $987.4 million, posy tax IRR 34.7%, total post tax free cashflow $2,980 million Location - Ideally positioned to supply China, Korea and Japan, the biggest consumers of nickel Commodity - Nickel to be the major component of grid and EV batteries for many years ï?µ Nickel price set to rise in line with rising EV demand ï?µ No substitution for nickel in EV battery technology Timing - In development and moving towards BFS Production scheduled to start at the beginning of a sustained nickel supply requirement Support - Strong management and Board with experience in project development in Russia Government support for the project and associated infrastructure

[leechang] 18/8/2019 02:26

The Right Project • Amur is developing the Kun-Manie project, the largest undeveloped and drill proven nickel copper sulphide deposit in Asia with a JORC Mineral Resource Estimate containing 155.1 million ore tonnes comprising a nickel equivalent grade of 1.02%, equating to a total of 1.58 million equivalent tonnes of nickel • PFS released in February 2019 reinforcing the Project’s technical and economic viability, highlighting a three year construction period and a 15 year production period with upside potential to extend the LOM • Two production scenario’s • TS Option â€" Total post tax free cashflow of $2,041 million • FFS Option - Total post tax free cashflow of $2,980 million The Right Location • Located in the Far East of Russia, close to China’s north east border, with ready access to the key nickel and copper markets of China, Japan and Korea via Sea (Vladivostok) and Land (Rail) • Highly skilled management team with experience operating in Russia and the Far East The Right Time • Nickel demand set to dramatically grow as nickel is a non-substitutable and essential commodity for the Electric Vehicle (EV) battery market accounting for up to 80% of the raw materials in NCA batteries • On track to be one of the world’s top-10 nickel producers arriving in a period of chronic nickel supply deficits The robust PFS puts Amur and the project in an attractive position for the Company to continue its strategic plan and identify partnerships that will add to, and complement, the Company’s existing experience and influence in order to bring Kun-Manie into development. • Construction of a one lane access road capable of lasting 30 years • The initial road design was begun in February 2019 • Capital cost included in the PFS • Engagement of Strategic Partner • Process underway • Supported by delivery of PFS • Enhance existing expertise to help drive shareholder value Size - The largest proven nickel sulphide deposit in Asia ï?µ PFS released in February 2019 •TS Option - post tax NPV(10%) $614.5 million, post tax IRR 29.3%, total post tax free cashflow $2,041 million •FFS Option â€" post tax NPV(10%) $987.4 million, posy tax IRR 34.7%, total post tax free cashflow $2,980 million Location - Ideally positioned to supply China, Korea and Japan, the biggest consumers of nickel Commodity - Nickel to be the major component of grid and EV batteries for many years ï?µ Nickel price set to rise in line with rising EV demand ï?µ No substitution for nickel in EV battery technology Timing - In development and moving towards BFS Production scheduled to start at the beginning of a sustained nickel supply requirement Support - Strong management and Board with experience in project development in Russia Government support for the project and associated infrastructure

[leechang] 18/8/2019 02:25

The Right Project • Amur is developing the Kun-Manie project, the largest undeveloped and drill proven nickel copper sulphide deposit in Asia with a JORC Mineral Resource Estimate containing 155.1 million ore tonnes comprising a nickel equivalent grade of 1.02%, equating to a total of 1.58 million equivalent tonnes of nickel • PFS released in February 2019 reinforcing the Project’s technical and economic viability, highlighting a three year construction period and a 15 year production period with upside potential to extend the LOM • Two production scenario’s • TS Option â€" Total post tax free cashflow of $2,041 million • FFS Option - Total post tax free cashflow of $2,980 million The Right Location • Located in the Far East of Russia, close to China’s north east border, with ready access to the key nickel and copper markets of China, Japan and Korea via Sea (Vladivostok) and Land (Rail) • Highly skilled management team with experience operating in Russia and the Far East The Right Time • Nickel demand set to dramatically grow as nickel is a non-substitutable and essential commodity for the Electric Vehicle (EV) battery market accounting for up to 80% of the raw materials in NCA batteries • On track to be one of the world’s top-10 nickel producers arriving in a period of chronic nickel supply deficits The robust PFS puts Amur and the project in an attractive position for the Company to continue its strategic plan and identify partnerships that will add to, and complement, the Company’s existing experience and influence in order to bring Kun-Manie into development. • Construction of a one lane access road capable of lasting 30 years • The initial road design was begun in February 2019 • Capital cost included in the PFS • Engagement of Strategic Partner • Process underway • Supported by delivery of PFS • Enhance existing expertise to help drive shareholder value Size - The largest proven nickel sulphide deposit in Asia ï?µ PFS released in February 2019 •TS Option - post tax NPV(10%) $614.5 million, post tax IRR 29.3%, total post tax free cashflow $2,041 million •FFS Option â€" post tax NPV(10%) $987.4 million, posy tax IRR 34.7%, total post tax free cashflow $2,980 million Location - Ideally positioned to supply China, Korea and Japan, the biggest consumers of nickel Commodity - Nickel to be the major component of grid and EV batteries for many years ï?µ Nickel price set to rise in line with rising EV demand ï?µ No substitution for nickel in EV battery technology Timing - In development and moving towards BFS Production scheduled to start at the beginning of a sustained nickel supply requirement Support - Strong management and Board with experience in project development in Russia Government support for the project and associated infrastructure

[leechang] 18/8/2019 02:25

The Right Project • Amur is developing the Kun-Manie project, the largest undeveloped and drill proven nickel copper sulphide deposit in Asia with a JORC Mineral Resource Estimate containing 155.1 million ore tonnes comprising a nickel equivalent grade of 1.02%, equating to a total of 1.58 million equivalent tonnes of nickel • PFS released in February 2019 reinforcing the Project’s technical and economic viability, highlighting a three year construction period and a 15 year production period with upside potential to extend the LOM • Two production scenario’s • TS Option â€" Total post tax free cashflow of $2,041 million • FFS Option - Total post tax free cashflow of $2,980 million The Right Location • Located in the Far East of Russia, close to China’s north east border, with ready access to the key nickel and copper markets of China, Japan and Korea via Sea (Vladivostok) and Land (Rail) • Highly skilled management team with experience operating in Russia and the Far East The Right Time • Nickel demand set to dramatically grow as nickel is a non-substitutable and essential commodity for the Electric Vehicle (EV) battery market accounting for up to 80% of the raw materials in NCA batteries • On track to be one of the world’s top-10 nickel producers arriving in a period of chronic nickel supply deficits The robust PFS puts Amur and the project in an attractive position for the Company to continue its strategic plan and identify partnerships that will add to, and complement, the Company’s existing experience and influence in order to bring Kun-Manie into development. • Construction of a one lane access road capable of lasting 30 years • The initial road design was begun in February 2019 • Capital cost included in the PFS • Engagement of Strategic Partner • Process underway • Supported by delivery of PFS • Enhance existing expertise to help drive shareholder value Size - The largest proven nickel sulphide deposit in Asia ï?µ PFS released in February 2019 •TS Option - post tax NPV(10%) $614.5 million, post tax IRR 29.3%, total post tax free cashflow $2,041 million •FFS Option â€" post tax NPV(10%) $987.4 million, posy tax IRR 34.7%, total post tax free cashflow $2,980 million Location - Ideally positioned to supply China, Korea and Japan, the biggest consumers of nickel Commodity - Nickel to be the major component of grid and EV batteries for many years ï?µ Nickel price set to rise in line with rising EV demand ï?µ No substitution for nickel in EV battery technology Timing - In development and moving towards BFS Production scheduled to start at the beginning of a sustained nickel supply requirement Support - Strong management and Board with experience in project development in Russia Government support for the project and associated infrastructure

[leechang] 18/8/2019 02:25

The Right Project • Amur is developing the Kun-Manie project, the largest undeveloped and drill proven nickel copper sulphide deposit in Asia with a JORC Mineral Resource Estimate containing 155.1 million ore tonnes comprising a nickel equivalent grade of 1.02%, equating to a total of 1.58 million equivalent tonnes of nickel • PFS released in February 2019 reinforcing the Project’s technical and economic viability, highlighting a three year construction period and a 15 year production period with upside potential to extend the LOM • Two production scenario’s • TS Option â€" Total post tax free cashflow of $2,041 million • FFS Option - Total post tax free cashflow of $2,980 million The Right Location • Located in the Far East of Russia, close to China’s north east border, with ready access to the key nickel and copper markets of China, Japan and Korea via Sea (Vladivostok) and Land (Rail) • Highly skilled management team with experience operating in Russia and the Far East The Right Time • Nickel demand set to dramatically grow as nickel is a non-substitutable and essential commodity for the Electric Vehicle (EV) battery market accounting for up to 80% of the raw materials in NCA batteries • On track to be one of the world’s top-10 nickel producers arriving in a period of chronic nickel supply deficits The robust PFS puts Amur and the project in an attractive position for the Company to continue its strategic plan and identify partnerships that will add to, and complement, the Company’s existing experience and influence in order to bring Kun-Manie into development. • Construction of a one lane access road capable of lasting 30 years • The initial road design was begun in February 2019 • Capital cost included in the PFS • Engagement of Strategic Partner • Process underway • Supported by delivery of PFS • Enhance existing expertise to help drive shareholder value Size - The largest proven nickel sulphide deposit in Asia ï?µ PFS released in February 2019 •TS Option - post tax NPV(10%) $614.5 million, post tax IRR 29.3%, total post tax free cashflow $2,041 million •FFS Option â€" post tax NPV(10%) $987.4 million, posy tax IRR 34.7%, total post tax free cashflow $2,980 million Location - Ideally positioned to supply China, Korea and Japan, the biggest consumers of nickel Commodity - Nickel to be the major component of grid and EV batteries for many years ï?µ Nickel price set to rise in line with rising EV demand ï?µ No substitution for nickel in EV battery technology Timing - In development and moving towards BFS Production scheduled to start at the beginning of a sustained nickel supply requirement Support - Strong management and Board with experience in project development in Russia Government support for the project and associated infrastructure

[leechang] 18/8/2019 02:25

The Right Project • Amur is developing the Kun-Manie project, the largest undeveloped and drill proven nickel copper sulphide deposit in Asia with a JORC Mineral Resource Estimate containing 155.1 million ore tonnes comprising a nickel equivalent grade of 1.02%, equating to a total of 1.58 million equivalent tonnes of nickel • PFS released in February 2019 reinforcing the Project’s technical and economic viability, highlighting a three year construction period and a 15 year production period with upside potential to extend the LOM • Two production scenario’s • TS Option â€" Total post tax free cashflow of $2,041 million • FFS Option - Total post tax free cashflow of $2,980 million The Right Location • Located in the Far East of Russia, close to China’s north east border, with ready access to the key nickel and copper markets of China, Japan and Korea via Sea (Vladivostok) and Land (Rail) • Highly skilled management team with experience operating in Russia and the Far East The Right Time • Nickel demand set to dramatically grow as nickel is a non-substitutable and essential commodity for the Electric Vehicle (EV) battery market accounting for up to 80% of the raw materials in NCA batteries • On track to be one of the world’s top-10 nickel producers arriving in a period of chronic nickel supply deficits The robust PFS puts Amur and the project in an attractive position for the Company to continue its strategic plan and identify partnerships that will add to, and complement, the Company’s existing experience and influence in order to bring Kun-Manie into development. • Construction of a one lane access road capable of lasting 30 years • The initial road design was begun in February 2019 • Capital cost included in the PFS • Engagement of Strategic Partner • Process underway • Supported by delivery of PFS • Enhance existing expertise to help drive shareholder value Size - The largest proven nickel sulphide deposit in Asia ï?µ PFS released in February 2019 •TS Option - post tax NPV(10%) $614.5 million, post tax IRR 29.3%, total post tax free cashflow $2,041 million •FFS Option â€" post tax NPV(10%) $987.4 million, posy tax IRR 34.7%, total post tax free cashflow $2,980 million Location - Ideally positioned to supply China, Korea and Japan, the biggest consumers of nickel Commodity - Nickel to be the major component of grid and EV batteries for many years ï?µ Nickel price set to rise in line with rising EV demand ï?µ No substitution for nickel in EV battery technology Timing - In development and moving towards BFS Production scheduled to start at the beginning of a sustained nickel supply requirement Support - Strong management and Board with experience in project development in Russia Government support for the project and associated infrastructure

[leechang] 18/8/2019 02:25

The Right Project • Amur is developing the Kun-Manie project, the largest undeveloped and drill proven nickel copper sulphide deposit in Asia with a JORC Mineral Resource Estimate containing 155.1 million ore tonnes comprising a nickel equivalent grade of 1.02%, equating to a total of 1.58 million equivalent tonnes of nickel • PFS released in February 2019 reinforcing the Project’s technical and economic viability, highlighting a three year construction period and a 15 year production period with upside potential to extend the LOM • Two production scenario’s • TS Option â€" Total post tax free cashflow of $2,041 million • FFS Option - Total post tax free cashflow of $2,980 million The Right Location • Located in the Far East of Russia, close to China’s north east border, with ready access to the key nickel and copper markets of China, Japan and Korea via Sea (Vladivostok) and Land (Rail) • Highly skilled management team with experience operating in Russia and the Far East The Right Time • Nickel demand set to dramatically grow as nickel is a non-substitutable and essential commodity for the Electric Vehicle (EV) battery market accounting for up to 80% of the raw materials in NCA batteries • On track to be one of the world’s top-10 nickel producers arriving in a period of chronic nickel supply deficits The robust PFS puts Amur and the project in an attractive position for the Company to continue its strategic plan and identify partnerships that will add to, and complement, the Company’s existing experience and influence in order to bring Kun-Manie into development. • Construction of a one lane access road capable of lasting 30 years • The initial road design was begun in February 2019 • Capital cost included in the PFS • Engagement of Strategic Partner • Process underway • Supported by delivery of PFS • Enhance existing expertise to help drive shareholder value Size - The largest proven nickel sulphide deposit in Asia ï?µ PFS released in February 2019 •TS Option - post tax NPV(10%) $614.5 million, post tax IRR 29.3%, total post tax free cashflow $2,041 million •FFS Option â€" post tax NPV(10%) $987.4 million, posy tax IRR 34.7%, total post tax free cashflow $2,980 million Location - Ideally positioned to supply China, Korea and Japan, the biggest consumers of nickel Commodity - Nickel to be the major component of grid and EV batteries for many years ï?µ Nickel price set to rise in line with rising EV demand ï?µ No substitution for nickel in EV battery technology Timing - In development and moving towards BFS Production scheduled to start at the beginning of a sustained nickel supply requirement Support - Strong management and Board with experience in project development in Russia Government support for the project and associated infrastructure

[leechang] 18/8/2019 02:25

The Right Project • Amur is developing the Kun-Manie project, the largest undeveloped and drill proven nickel copper sulphide deposit in Asia with a JORC Mineral Resource Estimate containing 155.1 million ore tonnes comprising a nickel equivalent grade of 1.02%, equating to a total of 1.58 million equivalent tonnes of nickel • PFS released in February 2019 reinforcing the Project’s technical and economic viability, highlighting a three year construction period and a 15 year production period with upside potential to extend the LOM • Two production scenario’s • TS Option â€" Total post tax free cashflow of $2,041 million • FFS Option - Total post tax free cashflow of $2,980 million The Right Location • Located in the Far East of Russia, close to China’s north east border, with ready access to the key nickel and copper markets of China, Japan and Korea via Sea (Vladivostok) and Land (Rail) • Highly skilled management team with experience operating in Russia and the Far East The Right Time • Nickel demand set to dramatically grow as nickel is a non-substitutable and essential commodity for the Electric Vehicle (EV) battery market accounting for up to 80% of the raw materials in NCA batteries • On track to be one of the world’s top-10 nickel producers arriving in a period of chronic nickel supply deficits The robust PFS puts Amur and the project in an attractive position for the Company to continue its strategic plan and identify partnerships that will add to, and complement, the Company’s existing experience and influence in order to bring Kun-Manie into development. • Construction of a one lane access road capable of lasting 30 years • The initial road design was begun in February 2019 • Capital cost included in the PFS • Engagement of Strategic Partner • Process underway • Supported by delivery of PFS • Enhance existing expertise to help drive shareholder value Size - The largest proven nickel sulphide deposit in Asia ï?µ PFS released in February 2019 •TS Option - post tax NPV(10%) $614.5 million, post tax IRR 29.3%, total post tax free cashflow $2,041 million •FFS Option â€" post tax NPV(10%) $987.4 million, posy tax IRR 34.7%, total post tax free cashflow $2,980 million Location - Ideally positioned to supply China, Korea and Japan, the biggest consumers of nickel Commodity - Nickel to be the major component of grid and EV batteries for many years ï?µ Nickel price set to rise in line with rising EV demand ï?µ No substitution for nickel in EV battery technology Timing - In development and moving towards BFS Production scheduled to start at the beginning of a sustained nickel supply requirement Support - Strong management and Board with experience in project development in Russia Government support for the project and associated infrastructure

[leechang] 18/8/2019 02:25

The Right Project • Amur is developing the Kun-Manie project, the largest undeveloped and drill proven nickel copper sulphide deposit in Asia with a JORC Mineral Resource Estimate containing 155.1 million ore tonnes comprising a nickel equivalent grade of 1.02%, equating to a total of 1.58 million equivalent tonnes of nickel • PFS released in February 2019 reinforcing the Project’s technical and economic viability, highlighting a three year construction period and a 15 year production period with upside potential to extend the LOM • Two production scenario’s • TS Option â€" Total post tax free cashflow of $2,041 million • FFS Option - Total post tax free cashflow of $2,980 million The Right Location • Located in the Far East of Russia, close to China’s north east border, with ready access to the key nickel and copper markets of China, Japan and Korea via Sea (Vladivostok) and Land (Rail) • Highly skilled management team with experience operating in Russia and the Far East The Right Time • Nickel demand set to dramatically grow as nickel is a non-substitutable and essential commodity for the Electric Vehicle (EV) battery market accounting for up to 80% of the raw materials in NCA batteries • On track to be one of the world’s top-10 nickel producers arriving in a period of chronic nickel supply deficits The robust PFS puts Amur and the project in an attractive position for the Company to continue its strategic plan and identify partnerships that will add to, and complement, the Company’s existing experience and influence in order to bring Kun-Manie into development. • Construction of a one lane access road capable of lasting 30 years • The initial road design was begun in February 2019 • Capital cost included in the PFS • Engagement of Strategic Partner • Process underway • Supported by delivery of PFS • Enhance existing expertise to help drive shareholder value Size - The largest proven nickel sulphide deposit in Asia ï?µ PFS released in February 2019 •TS Option - post tax NPV(10%) $614.5 million, post tax IRR 29.3%, total post tax free cashflow $2,041 million •FFS Option â€" post tax NPV(10%) $987.4 million, posy tax IRR 34.7%, total post tax free cashflow $2,980 million Location - Ideally positioned to supply China, Korea and Japan, the biggest consumers of nickel Commodity - Nickel to be the major component of grid and EV batteries for many years ï?µ Nickel price set to rise in line with rising EV demand ï?µ No substitution for nickel in EV battery technology Timing - In development and moving towards BFS Production scheduled to start at the beginning of a sustained nickel supply requirement Support - Strong management and Board with experience in project development in Russia Government support for the project and associated infrastructure

[leechang] 18/8/2019 02:25

The Right Project • Amur is developing the Kun-Manie project, the largest undeveloped and drill proven nickel copper sulphide deposit in Asia with a JORC Mineral Resource Estimate containing 155.1 million ore tonnes comprising a nickel equivalent grade of 1.02%, equating to a total of 1.58 million equivalent tonnes of nickel • PFS released in February 2019 reinforcing the Project’s technical and economic viability, highlighting a three year construction period and a 15 year production period with upside potential to extend the LOM • Two production scenario’s • TS Option â€" Total post tax free cashflow of $2,041 million • FFS Option - Total post tax free cashflow of $2,980 million The Right Location • Located in the Far East of Russia, close to China’s north east border, with ready access to the key nickel and copper markets of China, Japan and Korea via Sea (Vladivostok) and Land (Rail) • Highly skilled management team with experience operating in Russia and the Far East The Right Time • Nickel demand set to dramatically grow as nickel is a non-substitutable and essential commodity for the Electric Vehicle (EV) battery market accounting for up to 80% of the raw materials in NCA batteries • On track to be one of the world’s top-10 nickel producers arriving in a period of chronic nickel supply deficits The robust PFS puts Amur and the project in an attractive position for the Company to continue its strategic plan and identify partnerships that will add to, and complement, the Company’s existing experience and influence in order to bring Kun-Manie into development. • Construction of a one lane access road capable of lasting 30 years • The initial road design was begun in February 2019 • Capital cost included in the PFS • Engagement of Strategic Partner • Process underway • Supported by delivery of PFS • Enhance existing expertise to help drive shareholder value Size - The largest proven nickel sulphide deposit in Asia ï?µ PFS released in February 2019 •TS Option - post tax NPV(10%) $614.5 million, post tax IRR 29.3%, total post tax free cashflow $2,041 million •FFS Option â€" post tax NPV(10%) $987.4 million, posy tax IRR 34.7%, total post tax free cashflow $2,980 million Location - Ideally positioned to supply China, Korea and Japan, the biggest consumers of nickel Commodity - Nickel to be the major component of grid and EV batteries for many years ï?µ Nickel price set to rise in line with rising EV demand ï?µ No substitution for nickel in EV battery technology Timing - In development and moving towards BFS Production scheduled to start at the beginning of a sustained nickel supply requirement Support - Strong management and Board with experience in project development in Russia Government support for the project and associated infrastructure

[leechang] 18/8/2019 02:25

The Right Project • Amur is developing the Kun-Manie project, the largest undeveloped and drill proven nickel copper sulphide deposit in Asia with a JORC Mineral Resource Estimate containing 155.1 million ore tonnes comprising a nickel equivalent grade of 1.02%, equating to a total of 1.58 million equivalent tonnes of nickel • PFS released in February 2019 reinforcing the Project’s technical and economic viability, highlighting a three year construction period and a 15 year production period with upside potential to extend the LOM • Two production scenario’s • TS Option â€" Total post tax free cashflow of $2,041 million • FFS Option - Total post tax free cashflow of $2,980 million The Right Location • Located in the Far East of Russia, close to China’s north east border, with ready access to the key nickel and copper markets of China, Japan and Korea via Sea (Vladivostok) and Land (Rail) • Highly skilled management team with experience operating in Russia and the Far East The Right Time • Nickel demand set to dramatically grow as nickel is a non-substitutable and essential commodity for the Electric Vehicle (EV) battery market accounting for up to 80% of the raw materials in NCA batteries • On track to be one of the world’s top-10 nickel producers arriving in a period of chronic nickel supply deficits The robust PFS puts Amur and the project in an attractive position for the Company to continue its strategic plan and identify partnerships that will add to, and complement, the Company’s existing experience and influence in order to bring Kun-Manie into development. • Construction of a one lane access road capable of lasting 30 years • The initial road design was begun in February 2019 • Capital cost included in the PFS • Engagement of Strategic Partner • Process underway • Supported by delivery of PFS • Enhance existing expertise to help drive shareholder value Size - The largest proven nickel sulphide deposit in Asia ï?µ PFS released in February 2019 •TS Option - post tax NPV(10%) $614.5 million, post tax IRR 29.3%, total post tax free cashflow $2,041 million •FFS Option â€" post tax NPV(10%) $987.4 million, posy tax IRR 34.7%, total post tax free cashflow $2,980 million Location - Ideally positioned to supply China, Korea and Japan, the biggest consumers of nickel Commodity - Nickel to be the major component of grid and EV batteries for many years ï?µ Nickel price set to rise in line with rising EV demand ï?µ No substitution for nickel in EV battery technology Timing - In development and moving towards BFS Production scheduled to start at the beginning of a sustained nickel supply requirement Support - Strong management and Board with experience in project development in Russia Government support for the project and associated infrastructure

[leechang] 18/8/2019 02:25

The Right Project • Amur is developing the Kun-Manie project, the largest undeveloped and drill proven nickel copper sulphide deposit in Asia with a JORC Mineral Resource Estimate containing 155.1 million ore tonnes comprising a nickel equivalent grade of 1.02%, equating to a total of 1.58 million equivalent tonnes of nickel • PFS released in February 2019 reinforcing the Project’s technical and economic viability, highlighting a three year construction period and a 15 year production period with upside potential to extend the LOM • Two production scenario’s • TS Option â€" Total post tax free cashflow of $2,041 million • FFS Option - Total post tax free cashflow of $2,980 million The Right Location • Located in the Far East of Russia, close to China’s north east border, with ready access to the key nickel and copper markets of China, Japan and Korea via Sea (Vladivostok) and Land (Rail) • Highly skilled management team with experience operating in Russia and the Far East The Right Time • Nickel demand set to dramatically grow as nickel is a non-substitutable and essential commodity for the Electric Vehicle (EV) battery market accounting for up to 80% of the raw materials in NCA batteries • On track to be one of the world’s top-10 nickel producers arriving in a period of chronic nickel supply deficits The robust PFS puts Amur and the project in an attractive position for the Company to continue its strategic plan and identify partnerships that will add to, and complement, the Company’s existing experience and influence in order to bring Kun-Manie into development. • Construction of a one lane access road capable of lasting 30 years • The initial road design was begun in February 2019 • Capital cost included in the PFS • Engagement of Strategic Partner • Process underway • Supported by delivery of PFS • Enhance existing expertise to help drive shareholder value Size - The largest proven nickel sulphide deposit in Asia ï?µ PFS released in February 2019 •TS Option - post tax NPV(10%) $614.5 million, post tax IRR 29.3%, total post tax free cashflow $2,041 million •FFS Option â€" post tax NPV(10%) $987.4 million, posy tax IRR 34.7%, total post tax free cashflow $2,980 million Location - Ideally positioned to supply China, Korea and Japan, the biggest consumers of nickel Commodity - Nickel to be the major component of grid and EV batteries for many years ï?µ Nickel price set to rise in line with rising EV demand ï?µ No substitution for nickel in EV battery technology Timing - In development and moving towards BFS Production scheduled to start at the beginning of a sustained nickel supply requirement Support - Strong management and Board with experience in project development in Russia Government support for the project and associated infrastructure

[leechang] 18/8/2019 02:25

The Right Project • Amur is developing the Kun-Manie project, the largest undeveloped and drill proven nickel copper sulphide deposit in Asia with a JORC Mineral Resource Estimate containing 155.1 million ore tonnes comprising a nickel equivalent grade of 1.02%, equating to a total of 1.58 million equivalent tonnes of nickel • PFS released in February 2019 reinforcing the Project’s technical and economic viability, highlighting a three year construction period and a 15 year production period with upside potential to extend the LOM • Two production scenario’s • TS Option â€" Total post tax free cashflow of $2,041 million • FFS Option - Total post tax free cashflow of $2,980 million The Right Location • Located in the Far East of Russia, close to China’s north east border, with ready access to the key nickel and copper markets of China, Japan and Korea via Sea (Vladivostok) and Land (Rail) • Highly skilled management team with experience operating in Russia and the Far East The Right Time • Nickel demand set to dramatically grow as nickel is a non-substitutable and essential commodity for the Electric Vehicle (EV) battery market accounting for up to 80% of the raw materials in NCA batteries • On track to be one of the world’s top-10 nickel producers arriving in a period of chronic nickel supply deficits The robust PFS puts Amur and the project in an attractive position for the Company to continue its strategic plan and identify partnerships that will add to, and complement, the Company’s existing experience and influence in order to bring Kun-Manie into development. • Construction of a one lane access road capable of lasting 30 years • The initial road design was begun in February 2019 • Capital cost included in the PFS • Engagement of Strategic Partner • Process underway • Supported by delivery of PFS • Enhance existing expertise to help drive shareholder value Size - The largest proven nickel sulphide deposit in Asia ï?µ PFS released in February 2019 •TS Option - post tax NPV(10%) $614.5 million, post tax IRR 29.3%, total post tax free cashflow $2,041 million •FFS Option â€" post tax NPV(10%) $987.4 million, posy tax IRR 34.7%, total post tax free cashflow $2,980 million Location - Ideally positioned to supply China, Korea and Japan, the biggest consumers of nickel Commodity - Nickel to be the major component of grid and EV batteries for many years ï?µ Nickel price set to rise in line with rising EV demand ï?µ No substitution for nickel in EV battery technology Timing - In development and moving towards BFS Production scheduled to start at the beginning of a sustained nickel supply requirement Support - Strong management and Board with experience in project development in Russia Government support for the project and associated infrastructure

[leechang] 18/8/2019 02:25

The Right Project • Amur is developing the Kun-Manie project, the largest undeveloped and drill proven nickel copper sulphide deposit in Asia with a JORC Mineral Resource Estimate containing 155.1 million ore tonnes comprising a nickel equivalent grade of 1.02%, equating to a total of 1.58 million equivalent tonnes of nickel • PFS released in February 2019 reinforcing the Project’s technical and economic viability, highlighting a three year construction period and a 15 year production period with upside potential to extend the LOM • Two production scenario’s • TS Option â€" Total post tax free cashflow of $2,041 million • FFS Option - Total post tax free cashflow of $2,980 million The Right Location • Located in the Far East of Russia, close to China’s north east border, with ready access to the key nickel and copper markets of China, Japan and Korea via Sea (Vladivostok) and Land (Rail) • Highly skilled management team with experience operating in Russia and the Far East The Right Time • Nickel demand set to dramatically grow as nickel is a non-substitutable and essential commodity for the Electric Vehicle (EV) battery market accounting for up to 80% of the raw materials in NCA batteries • On track to be one of the world’s top-10 nickel producers arriving in a period of chronic nickel supply deficits The robust PFS puts Amur and the project in an attractive position for the Company to continue its strategic plan and identify partnerships that will add to, and complement, the Company’s existing experience and influence in order to bring Kun-Manie into development. • Construction of a one lane access road capable of lasting 30 years • The initial road design was begun in February 2019 • Capital cost included in the PFS • Engagement of Strategic Partner • Process underway • Supported by delivery of PFS • Enhance existing expertise to help drive shareholder value Size - The largest proven nickel sulphide deposit in Asia ï?µ PFS released in February 2019 •TS Option - post tax NPV(10%) $614.5 million, post tax IRR 29.3%, total post tax free cashflow $2,041 million •FFS Option â€" post tax NPV(10%) $987.4 million, posy tax IRR 34.7%, total post tax free cashflow $2,980 million Location - Ideally positioned to supply China, Korea and Japan, the biggest consumers of nickel Commodity - Nickel to be the major component of grid and EV batteries for many years ï?µ Nickel price set to rise in line with rising EV demand ï?µ No substitution for nickel in EV battery technology Timing - In development and moving towards BFS Production scheduled to start at the beginning of a sustained nickel supply requirement Support - Strong management and Board with experience in project development in Russia Government support for the project and associated infrastructure

[leechang] 18/8/2019 02:25

The Right Project • Amur is developing the Kun-Manie project, the largest undeveloped and drill proven nickel copper sulphide deposit in Asia with a JORC Mineral Resource Estimate containing 155.1 million ore tonnes comprising a nickel equivalent grade of 1.02%, equating to a total of 1.58 million equivalent tonnes of nickel • PFS released in February 2019 reinforcing the Project’s technical and economic viability, highlighting a three year construction period and a 15 year production period with upside potential to extend the LOM • Two production scenario’s • TS Option â€" Total post tax free cashflow of $2,041 million • FFS Option - Total post tax free cashflow of $2,980 million The Right Location • Located in the Far East of Russia, close to China’s north east border, with ready access to the key nickel and copper markets of China, Japan and Korea via Sea (Vladivostok) and Land (Rail) • Highly skilled management team with experience operating in Russia and the Far East The Right Time • Nickel demand set to dramatically grow as nickel is a non-substitutable and essential commodity for the Electric Vehicle (EV) battery market accounting for up to 80% of the raw materials in NCA batteries • On track to be one of the world’s top-10 nickel producers arriving in a period of chronic nickel supply deficits The robust PFS puts Amur and the project in an attractive position for the Company to continue its strategic plan and identify partnerships that will add to, and complement, the Company’s existing experience and influence in order to bring Kun-Manie into development. • Construction of a one lane access road capable of lasting 30 years • The initial road design was begun in February 2019 • Capital cost included in the PFS • Engagement of Strategic Partner • Process underway • Supported by delivery of PFS • Enhance existing expertise to help drive shareholder value Size - The largest proven nickel sulphide deposit in Asia ï?µ PFS released in February 2019 •TS Option - post tax NPV(10%) $614.5 million, post tax IRR 29.3%, total post tax free cashflow $2,041 million •FFS Option â€" post tax NPV(10%) $987.4 million, posy tax IRR 34.7%, total post tax free cashflow $2,980 million Location - Ideally positioned to supply China, Korea and Japan, the biggest consumers of nickel Commodity - Nickel to be the major component of grid and EV batteries for many years ï?µ Nickel price set to rise in line with rising EV demand ï?µ No substitution for nickel in EV battery technology Timing - In development and moving towards BFS Production scheduled to start at the beginning of a sustained nickel supply requirement Support - Strong management and Board with experience in project development in Russia Government support for the project and associated infrastructure

[leechang] 18/8/2019 02:25

The Right Project • Amur is developing the Kun-Manie project, the largest undeveloped and drill proven nickel copper sulphide deposit in Asia with a JORC Mineral Resource Estimate containing 155.1 million ore tonnes comprising a nickel equivalent grade of 1.02%, equating to a total of 1.58 million equivalent tonnes of nickel • PFS released in February 2019 reinforcing the Project’s technical and economic viability, highlighting a three year construction period and a 15 year production period with upside potential to extend the LOM • Two production scenario’s • TS Option â€" Total post tax free cashflow of $2,041 million • FFS Option - Total post tax free cashflow of $2,980 million The Right Location • Located in the Far East of Russia, close to China’s north east border, with ready access to the key nickel and copper markets of China, Japan and Korea via Sea (Vladivostok) and Land (Rail) • Highly skilled management team with experience operating in Russia and the Far East The Right Time • Nickel demand set to dramatically grow as nickel is a non-substitutable and essential commodity for the Electric Vehicle (EV) battery market accounting for up to 80% of the raw materials in NCA batteries • On track to be one of the world’s top-10 nickel producers arriving in a period of chronic nickel supply deficits The robust PFS puts Amur and the project in an attractive position for the Company to continue its strategic plan and identify partnerships that will add to, and complement, the Company’s existing experience and influence in order to bring Kun-Manie into development. • Construction of a one lane access road capable of lasting 30 years • The initial road design was begun in February 2019 • Capital cost included in the PFS • Engagement of Strategic Partner • Process underway • Supported by delivery of PFS • Enhance existing expertise to help drive shareholder value Size - The largest proven nickel sulphide deposit in Asia ï?µ PFS released in February 2019 •TS Option - post tax NPV(10%) $614.5 million, post tax IRR 29.3%, total post tax free cashflow $2,041 million •FFS Option â€" post tax NPV(10%) $987.4 million, posy tax IRR 34.7%, total post tax free cashflow $2,980 million Location - Ideally positioned to supply China, Korea and Japan, the biggest consumers of nickel Commodity - Nickel to be the major component of grid and EV batteries for many years ï?µ Nickel price set to rise in line with rising EV demand ï?µ No substitution for nickel in EV battery technology Timing - In development and moving towards BFS Production scheduled to start at the beginning of a sustained nickel supply requirement Support - Strong management and Board with experience in project development in Russia Government support for the project and associated infrastructure

[leechang] 18/8/2019 02:25

The Right Project • Amur is developing the Kun-Manie project, the largest undeveloped and drill proven nickel copper sulphide deposit in Asia with a JORC Mineral Resource Estimate containing 155.1 million ore tonnes comprising a nickel equivalent grade of 1.02%, equating to a total of 1.58 million equivalent tonnes of nickel • PFS released in February 2019 reinforcing the Project’s technical and economic viability, highlighting a three year construction period and a 15 year production period with upside potential to extend the LOM • Two production scenario’s • TS Option â€" Total post tax free cashflow of $2,041 million • FFS Option - Total post tax free cashflow of $2,980 million The Right Location • Located in the Far East of Russia, close to China’s north east border, with ready access to the key nickel and copper markets of China, Japan and Korea via Sea (Vladivostok) and Land (Rail) • Highly skilled management team with experience operating in Russia and the Far East The Right Time • Nickel demand set to dramatically grow as nickel is a non-substitutable and essential commodity for the Electric Vehicle (EV) battery market accounting for up to 80% of the raw materials in NCA batteries • On track to be one of the world’s top-10 nickel producers arriving in a period of chronic nickel supply deficits The robust PFS puts Amur and the project in an attractive position for the Company to continue its strategic plan and identify partnerships that will add to, and complement, the Company’s existing experience and influence in order to bring Kun-Manie into development. • Construction of a one lane access road capable of lasting 30 years • The initial road design was begun in February 2019 • Capital cost included in the PFS • Engagement of Strategic Partner • Process underway • Supported by delivery of PFS • Enhance existing expertise to help drive shareholder value Size - The largest proven nickel sulphide deposit in Asia ï?µ PFS released in February 2019 •TS Option - post tax NPV(10%) $614.5 million, post tax IRR 29.3%, total post tax free cashflow $2,041 million •FFS Option â€" post tax NPV(10%) $987.4 million, posy tax IRR 34.7%, total post tax free cashflow $2,980 million Location - Ideally positioned to supply China, Korea and Japan, the biggest consumers of nickel Commodity - Nickel to be the major component of grid and EV batteries for many years ï?µ Nickel price set to rise in line with rising EV demand ï?µ No substitution for nickel in EV battery technology Timing - In development and moving towards BFS Production scheduled to start at the beginning of a sustained nickel supply requirement Support - Strong management and Board with experience in project development in Russia Government support for the project and associated infrastructure

[leechang] 18/8/2019 02:25

The Right Project • Amur is developing the Kun-Manie project, the largest undeveloped and drill proven nickel copper sulphide deposit in Asia with a JORC Mineral Resource Estimate containing 155.1 million ore tonnes comprising a nickel equivalent grade of 1.02%, equating to a total of 1.58 million equivalent tonnes of nickel • PFS released in February 2019 reinforcing the Project’s technical and economic viability, highlighting a three year construction period and a 15 year production period with upside potential to extend the LOM • Two production scenario’s • TS Option â€" Total post tax free cashflow of $2,041 million • FFS Option - Total post tax free cashflow of $2,980 million The Right Location • Located in the Far East of Russia, close to China’s north east border, with ready access to the key nickel and copper markets of China, Japan and Korea via Sea (Vladivostok) and Land (Rail) • Highly skilled management team with experience operating in Russia and the Far East The Right Time • Nickel demand set to dramatically grow as nickel is a non-substitutable and essential commodity for the Electric Vehicle (EV) battery market accounting for up to 80% of the raw materials in NCA batteries • On track to be one of the world’s top-10 nickel producers arriving in a period of chronic nickel supply deficits The robust PFS puts Amur and the project in an attractive position for the Company to continue its strategic plan and identify partnerships that will add to, and complement, the Company’s existing experience and influence in order to bring Kun-Manie into development. • Construction of a one lane access road capable of lasting 30 years • The initial road design was begun in February 2019 • Capital cost included in the PFS • Engagement of Strategic Partner • Process underway • Supported by delivery of PFS • Enhance existing expertise to help drive shareholder value Size - The largest proven nickel sulphide deposit in Asia ï?µ PFS released in February 2019 •TS Option - post tax NPV(10%) $614.5 million, post tax IRR 29.3%, total post tax free cashflow $2,041 million •FFS Option â€" post tax NPV(10%) $987.4 million, posy tax IRR 34.7%, total post tax free cashflow $2,980 million Location - Ideally positioned to supply China, Korea and Japan, the biggest consumers of nickel Commodity - Nickel to be the major component of grid and EV batteries for many years ï?µ Nickel price set to rise in line with rising EV demand ï?µ No substitution for nickel in EV battery technology Timing - In development and moving towards BFS Production scheduled to start at the beginning of a sustained nickel supply requirement Support - Strong management and Board with experience in project development in Russia Government support for the project and associated infrastructure

[leechang] 18/8/2019 02:24

The Right Project • Amur is developing the Kun-Manie project, the largest undeveloped and drill proven nickel copper sulphide deposit in Asia with a JORC Mineral Resource Estimate containing 155.1 million ore tonnes comprising a nickel equivalent grade of 1.02%, equating to a total of 1.58 million equivalent tonnes of nickel • PFS released in February 2019 reinforcing the Project’s technical and economic viability, highlighting a three year construction period and a 15 year production period with upside potential to extend the LOM • Two production scenario’s • TS Option â€" Total post tax free cashflow of $2,041 million • FFS Option - Total post tax free cashflow of $2,980 million The Right Location • Located in the Far East of Russia, close to China’s north east border, with ready access to the key nickel and copper markets of China, Japan and Korea via Sea (Vladivostok) and Land (Rail) • Highly skilled management team with experience operating in Russia and the Far East The Right Time • Nickel demand set to dramatically grow as nickel is a non-substitutable and essential commodity for the Electric Vehicle (EV) battery market accounting for up to 80% of the raw materials in NCA batteries • On track to be one of the world’s top-10 nickel producers arriving in a period of chronic nickel supply deficits The robust PFS puts Amur and the project in an attractive position for the Company to continue its strategic plan and identify partnerships that will add to, and complement, the Company’s existing experience and influence in order to bring Kun-Manie into development. • Construction of a one lane access road capable of lasting 30 years • The initial road design was begun in February 2019 • Capital cost included in the PFS • Engagement of Strategic Partner • Process underway • Supported by delivery of PFS • Enhance existing expertise to help drive shareholder value Size - The largest proven nickel sulphide deposit in Asia ï?µ PFS released in February 2019 •TS Option - post tax NPV(10%) $614.5 million, post tax IRR 29.3%, total post tax free cashflow $2,041 million •FFS Option â€" post tax NPV(10%) $987.4 million, posy tax IRR 34.7%, total post tax free cashflow $2,980 million Location - Ideally positioned to supply China, Korea and Japan, the biggest consumers of nickel Commodity - Nickel to be the major component of grid and EV batteries for many years ï?µ Nickel price set to rise in line with rising EV demand ï?µ No substitution for nickel in EV battery technology Timing - In development and moving towards BFS Production scheduled to start at the beginning of a sustained nickel supply requirement Support - Strong management and Board with experience in project development in Russia Government support for the project and associated infrastructure

[leechang] 18/8/2019 02:24

The Right Project • Amur is developing the Kun-Manie project, the largest undeveloped and drill proven nickel copper sulphide deposit in Asia with a JORC Mineral Resource Estimate containing 155.1 million ore tonnes comprising a nickel equivalent grade of 1.02%, equating to a total of 1.58 million equivalent tonnes of nickel • PFS released in February 2019 reinforcing the Project’s technical and economic viability, highlighting a three year construction period and a 15 year production period with upside potential to extend the LOM • Two production scenario’s • TS Option â€" Total post tax free cashflow of $2,041 million • FFS Option - Total post tax free cashflow of $2,980 million The Right Location • Located in the Far East of Russia, close to China’s north east border, with ready access to the key nickel and copper markets of China, Japan and Korea via Sea (Vladivostok) and Land (Rail) • Highly skilled management team with experience operating in Russia and the Far East The Right Time • Nickel demand set to dramatically grow as nickel is a non-substitutable and essential commodity for the Electric Vehicle (EV) battery market accounting for up to 80% of the raw materials in NCA batteries • On track to be one of the world’s top-10 nickel producers arriving in a period of chronic nickel supply deficits The robust PFS puts Amur and the project in an attractive position for the Company to continue its strategic plan and identify partnerships that will add to, and complement, the Company’s existing experience and influence in order to bring Kun-Manie into development. • Construction of a one lane access road capable of lasting 30 years • The initial road design was begun in February 2019 • Capital cost included in the PFS • Engagement of Strategic Partner • Process underway • Supported by delivery of PFS • Enhance existing expertise to help drive shareholder value Size - The largest proven nickel sulphide deposit in Asia ï?µ PFS released in February 2019 •TS Option - post tax NPV(10%) $614.5 million, post tax IRR 29.3%, total post tax free cashflow $2,041 million •FFS Option â€" post tax NPV(10%) $987.4 million, posy tax IRR 34.7%, total post tax free cashflow $2,980 million Location - Ideally positioned to supply China, Korea and Japan, the biggest consumers of nickel Commodity - Nickel to be the major component of grid and EV batteries for many years ï?µ Nickel price set to rise in line with rising EV demand ï?µ No substitution for nickel in EV battery technology Timing - In development and moving towards BFS Production scheduled to start at the beginning of a sustained nickel supply requirement Support - Strong management and Board with experience in project development in Russia Government support for the project and associated infrastructure