Reserve Estimate for Maly Kru

RNS Number : 9520A

Amur Minerals Corporation

19 October 2009

 



Russian Authorities approve the Reserve Estimate

for Maly Krumkon. By-product metals now included.

Amur Minerals Corporation (AIM: AMC), is an exploration and development company focused on East Russia.

The State Committee on Reserves (GKZ) has completed its review and a protocol has been issued allowing for the addition of the Maly Krumkon (MK) reserves to those previously approved. Amur now has registered reserves located in three deposits within its Kun-Manie nickel copper licence area.

The total Russian approved reserves available to the Company are illustrated in the table below and are compared to the Western prefeasibility study of mineable reserves. Both reserves have utilised a nickel cut-off grade of 0.2%.

Reserve Type	Million Tonnes	Percent Nickel	Nickel Tonnes	Percent Copper	Copper Tonnes
SRK -JORC	31.5	0.54	171,296	0.15	47,023
Russian	31.7	0.64	203,900	0.18	56,900

Russian reserves utilise C1 and C2 categories which approximate the Australian JORC Proven and Probable reserves classes. The Russian reserves reported in the 20 August 2009 press release have been adjusted to reflect changes required by the GKZ.

In addition, by-product contents have also been approved by the Russian authorities for all three deposits. These include cobalt, platinum and palladium. Portions of these metals will be recovered during processing of the ore once mining is undertaken.  A summary of the Russian approved by products is provided in the table below.

Million	Tonnes	Ounces	Ounces
Ore Tonnes	Cobalt	Platinum	Palladium
31.7	3,960	189,400	213,800

Robin Young, Amur's Chief Executive Officer, commented:

"Amur now has Russian approved mining reserves and open pit mine plans for three deposits that can now be submitted with its application for a mining licence at Kun-Manie. These sulphide reserves contain nickel and copper as well as the by-product metals of cobalt, platinum and palladium." 

19 October, 2009

Enquiries: 

Company Amur Minerals Corp.	Nomad and Broker RBC Capital Markets	Public Relations Lothbury Financial
Robin Young, CEO	Martin Eales	Michael Padley
		Libby Moss
[phone]	[phone]	[phone]

For further information about Amur, please visit the Company's website

at www.amurminerals.com.

 

END

 

 

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