24th Jun 2015 07:42
LONDON (Alliance News) - Far East Russia-focused miner Amur Minerals Corp on Wednesday said it has secured approval of the Kun-Manie nickel copper sulphide project plan.
The approval of the plan, which will focus on an infill drilling programme at the Flangovy area, will mean Amur can start mobilising its drilling reams to the site to start the drilling.
"It is with great pleasure that I am able to report on the significant accomplishment that the local geological expert committee has approved the project plan for Kun-Manie. We are ready to move on to the next phase of site evaluation by infill drilling and initiation of the metallurgical test work that will guide us in selecting the specific process design for Kun-Manie," said Amur Chief Executive Robin Young.
Shares in Amur were down 14% to 26.99 pence on Wednesday morning.
By Sam Unsted; [email protected]; @SamUAtAlliance
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