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Amur Minerals shares up as board updates on development

Fri, 30th Sep 2016 11:27

(ShareCast News) - Amur Minerals posted its interim results for the six months to 30 June on Friday - another period of nil revenue as its continued its development activities.The AIM-traded firm did double its loss from operations, however, to $2.34m year-on-year from $1.07m in the first half of 2015, as a result of a more-than-doubling of administrative expenses.During the period, Amur attained a number of "major milestones," including the completion of a preliminary survey of the access road route and the completion of bench scale metallurgical test work on its four main orebodies.The board said a resource update was completed, which confirmed the presence of high grade continuous mineralised structures within three of the four main deposits."A combination of both open pit and underground production is being considered in the production development studies," the board said in a statement.It added that over 19,000 metres of drilling was completed within the Maly Kurumkon Flangovy deposit so far."The MKF deposit has been expanded to a total length of 3,000 metres, all of which has been drilled to a JORC category of Indicated resource suitable for use in the determination of reserves," the board explained."At the start of this year the Indicated resource was limited to a total length of 1,400 metres."A 7.5 tonne bulk metallurgical sample had been collected and delivered to the company's Khabarovsk core storage facility as well."MKF resource expansion remains to the east of the last drill line."This target is projected to be in the order of 400 metres and will be drilled in the future."Beyond this target, the Gorny mineralised area is present which could be an extension of the MKF deposit."At 1400 BST, shares in Amur Minerals Corporation were up 5.71% at 3.11p.

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9 Sep 2015 10:55

Amur Minerals receives positive update from Flangovy project

(ShareCast News) - Natural resources explorer Amur Minerals has received a positive drilling update from its Flangovy programme in Russia. The company said a confirmation drill hole revealed the discovery on the site has extended the resource at the site by approximately 400 metres, adding infilling

9 Sep 2015 07:02

Amur Minerals Gets Further Positive Drilling Results At Flangovy

3 Sep 2015 07:08

Amur Minerals Shares Up As Flangovy Drilling Expands Mineralised Zone

2 Sep 2015 07:55

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Amur Minerals Signs Financing Advisory Deal With Russian Government

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29 Jun 2015 07:31

Amur Minerals To Spend USD1.85 Billion On Kun Manie Over 15 Years

29 Jun 2015 07:19

Amur Minerals narrows losses as Kun-Manie development continues

Amur Minerals remained debt free throughout 2014 and maintained a healthy cash position as is continues with its plans to develop its flagship Kun-Manie nickel copper sulphide project in the Russian Far East. In its annual results, Amur said efforts made last year were "critical" in transforming the

25 Jun 2015 09:56

Amur Minerals surges after paying for licence conversion in Russia

Mineral exploration group Amur Minerals said it had completed the payment for the conversion of the licence of its Kun-Manie project. Through its subsidiary ZAO Kun-Manie, the group made a payment of 23.6m ruble to cover the assignment of production rights for all recoverable metal at the project in

25 Jun 2015 07:18

Amur Minerals Makes Licence Conversion Payment For Kun-Manie

24 Jun 2015 07:42

Amur Minerals Gets Approval For Kun-Manie Project Plan

10 Jun 2015 15:57

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10 Jun 2015 08:24

Amur Minerals Gets Exploration And Production Licence For Kun-Manie

22 May 2015 15:46

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22 May 2015 14:25

Amur Minerals soars on Kun Manie production license approval

Shares in exploration and development company Amur Minerals rose a whopping 76% on Friday after the company said that Russian Prime Minister Dmitry Medvedev has approved its production license for the Kun Manie nickel-copper sulphide deposit in far eastern Russia. Amur holds 100% of the rights and w

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