28th Apr 2008 07:00
Amur Minerals Corporation28 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 companyfocused 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 miningpermit for areas containing drilled reserves of the Kun-Manie project. In December 2007, the Company filed a Russian pre-feasibility report prepared bySibTsvetMetNiiProject of Krasnoyarsk with the GKZ. This sets the cutoff gradefor future reserve submissions and mine permitting at 0.2% Ni. At a hearing on23 April 2008, a committee of experts appointed by the GKZ to review thesubmission approved the report. The minutes of this committee meeting will bepublished in due course. The Company can now submit a reserve estimate prepared to Russian standards forC1 and C2 reserves on the Maly Krumkon, Vodorazdelny and Ikenskoe depositswithin the Kun-Manie exploration licence. Upon a favourable review by a committee of experts appointed by the GKZ, theCompany's Russian subsidiary will receive a certificate of discovery granting itthe exclusive right to negotiate a 20 year mining permit in these areas. Robin Young, CEO of Amur Minerals said, "We have successfully completed thefirst stage to bring Kun-Manie to fruition. We expect the mining licence to begranted in due course as we work our way through the Russian Federation'slicensing system The Russian prefeasibility study has shown that Kun Manie iseconomic at the current resource level, which we expect to significantly improvewith new drilling planned for this next year." Enquiries: Company Co-Broker Nomad and Public Relations Co-BrokerAmur Minerals Fox-Davies Capital RBC Capital BanksideCorp. Limited Markets Robin Young, Daniel Fox-Davies Andrew Smith Michael PadleyCEO 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