Amur Minerals Corporation ('Amur' or the 'Company'), the nickel-copper sulphide mineral exploration and resource development company focused on the far east of Russia, is pleased to inform shareholders that an independent resource estimate of the Maly Kurumkon / Flangovy ('MKFL') deposit is now complete.
The estimate compiled by SRK Consulting (UK) Ltd ('SRK') includes all results from drilling undertake prior to and including 2015. The resource estimation methodology has been modified since that used for the previous estimate to enable the better definition of metal related to high grade zones. The global nickel equivalent for the entire Kun-Manie project has been increased from 831,000 tonnes to 958,000 tonnes (based on today's metal pricing for nickel, copper platinum and palladium). The global nickel metal resource for the Kun-Manie project has been increased from 650,600 tonnes to 723,000 tonnes. At MKFL, total contained nickel has been increased by approximately 25% from 294,200 tonnes to a total of 366,600 tonnes. MKFL resources suitable for conversion to reserves that can be used in a mine plan have been increased by 126% from 126,100 nickel tonnes to 285,200 nickel tonnes. The MKFL high grade zones contain 73% of the nickel at a cutoff grade of 0.5%. The newly implemented modelling approach has likewise been applied to update the deposits of Kubuk and Ikenskoe / Sobelovsky which contain similar high grades zones.
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