12th Nov 2019 11:40
(Alliance News) - Amur Minerals Corp said on Tuesday it has completed a hydrological assessment for its Kun-Manie nickel copper sulphide project in far east Russia.
The nickel-copper sulphide exploration company said the hydrological assessment confirmed the presence of substantial groundwater reserves, sufficient to support the Kun-Manie proposed mining operation.
Amur Minerals said the assessment confirms both potable /ablution water and process water supplies are available for the mining and ore processing of six million tonnes of ore per year.
The hydrological assessment has been approved by the necessary Russian Federation agencies, the company noted.
Robin Young, chief executive officer, said: "Comprised of two categories of water which are potable/ablution waters to support a 500 staff operation and industrial usage to crush, grind and float the sulphide metals from the ores allowing for the generation of concentrates, these waters can be derived from a limited number of holes, ten in total."
"This indicates that a relatively small cost will be required to develop the necessary two well fields," Young said.
Amur Minerals shares were down 6.1% in London at 2.30 pence each on Tuesday.
By Loreta Juodagalvyte; [email protected]
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