LONDON (Alliance News) - Amur Minerals Corp on Monday said it has completed the restock and mobilisation of new equipment for the Kun Manie nickel copper sulphide project located in the far east of Russia, using the ice road to the project.
All newly-purchased equipment has been delivered to the site, more than doubling drilling capacity.
The two drill rigs at the project will target resource conversion of existing inferred resource to indicated resource, Amur said, along with step-out drilling for the resource expansion and the acquisition of bulk metallurgical samples.
"We are pleased to update the shareholders that we have now closed down our ice road activities and have delivered a record tonnage of supplies and new equipment over the 350 kilometre long ice road," said Robin Young, Amur's chief executive.
Amur shares were down 7.0% to 5.07 pence.
By Sam Unsted; samunsted@alliancenews.com; @SamUAtAlliance
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Amur Minerals (AMC)