Amur Minerals Corporation
28 April 2008
28 April 2008
Amur Minerals Corporation (AIM: AMC)
('Amur' or 'the Company')
Initial permitting for Kun-Manie completed
Amur Minerals Corporation (AIM: AMC), an exploration and development company
focused on East Russia, announces that the Russian State Committee on Reserves
(GKZ) has approved the first of a series of filings. This will lead to a mining
permit for areas containing drilled reserves of the Kun-Manie project.
In December 2007, the Company filed a Russian pre-feasibility report prepared by
SibTsvetMetNiiProject of Krasnoyarsk with the GKZ. This sets the cutoff grade
for future reserve submissions and mine permitting at 0.2% Ni. At a hearing on
23 April 2008, a committee of experts appointed by the GKZ to review the
submission approved the report. The minutes of this committee meeting will be
published in due course.
The Company can now submit a reserve estimate prepared to Russian standards for
C1 and C2 reserves on the Maly Krumkon, Vodorazdelny and Ikenskoe deposits
within the Kun-Manie exploration licence.
Upon a favourable review by a committee of experts appointed by the GKZ, the
Company's Russian subsidiary will receive a certificate of discovery granting it
the exclusive right to negotiate a 20 year mining permit in these areas.
Robin Young, CEO of Amur Minerals said, 'We have successfully completed the
first stage to bring Kun-Manie to fruition. We expect the mining licence to be
granted in due course as we work our way through the Russian Federation's
licensing system The Russian prefeasibility study has shown that Kun Manie is
economic at the current resource level, which we expect to significantly improve
with new drilling planned for this next year.'
Enquiries:
Company Co-Broker Nomad and Public Relations
Co-Broker
Amur Minerals Fox-Davies Capital RBC Capital Bankside
Corp. Limited Markets
Robin Young, Daniel Fox-Davies Andrew Smith Michael Padley
CEO Martin Eales Louise Davis
+7 (495) 629 4418 +44 (0)20 7936 5200 +44 (0)20 7029 +44 (0)20 7367
7881 8881
This information is provided by RNS
The company news service from the London Stock Exchange
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