Amur Minerals Corporation (LON:AMC), the nickel copper exploration and development company focused on the Kun-Manie project in the Far East of Russia, has reported that the terms and conditions for its Kun-Manie ‘Detailed Exploration and Mine Production Licence’ have been amended and registered with Rosnedra, the State Licencing Agency.
The certified modification to the DEMP was received 4 February 2021 from Amurnedra and is dated effective 30 November 2020.
During processing of the amendment, work on the Permanent Conditions TEO has progressed, identifying further optimisation opportunities and continues toward completion.
In addition, RPM Global has been engaged to update the 20 March 2018 JORC resource estimates to include the 32,526.5 meters of drilling completed in 2018.
“Ongoing work continues on the compilation of the TEO and we have further identified that underground production may be a viable and better financial option as previously defined by RPM in previous study work,” said chief executive Robin Young.
“Simultaneously to the TEO work, we are awaiting JORC resource estimates allowing for the verification of the Russian reserves.”