LONDON (Alliance News) - Russian-focused base metal explorer Amur Minerals Corp Friday said it is capable of undertaking an exploration drilling programme at its nickel, copper sulphide Kun-Manie project during the 2015 field season, and has sufficient fuel and supplies for a total of 6,000 metres of drilling during the field season.
In a statement, the company said that it is required to provide an exploration/development programme leading to project implementation. With that document and the final award of the production licence, which it said is currently in the final stage of review by the Russian government, the company can initiate field operations.
"Using available equipment, spares and the purchase of support materials, the company is now positioned to undertake up to 6,000 metres of drilling during 2015," the company said in its statement.
Amur shares were trading 4.1% lower Friday morning at 7.00 pence.
By Rowena Harris-Doughty; rowenaharrisdoughty@alliancenews.com; @rharrisdoughty
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Amur Minerals (AMC)