Amur Minerals Corporation Access Road Update (0220H)
March 08 2018 - 2:00AM
UK Regulatory
TIDMAMC
RNS Number : 0220H
Amur Minerals Corporation
08 March 2018
8 March 2018
AMUR MINERALS CORPORATION
(AIM: AMC)
Access Road Update
Amur Minerals Corporation ("Amur" or the "Company"), a
nickel-copper sulphide mineral exploration and resource development
company focused on the far east of Russia, is pleased to announce
that it has engaged JSC Cevi Construzioni ("CC") to undertake the
inaugural step in the design for its near 350 kilometre long access
road from the Ulak rail station area (on the Baikal - Amur rail
line) to the Kun-Manie project site. This step is the first in a
three component process allowing the Company to apply for a long
term grant of access rights to the project site.
Highlights:
-- As per Russian Federation requirements, the first component
(awarded) of the access road work will consist of a desktop review
of the Company's current design route and the parametres utilised
in its generation. This will include consideration of bridge and
crossing designs, hydrological considerations, generation of road
profile(s) and limited typical road design sections, potential cut
and fill volumes, current land ownership considerations, and
ecological and geological surveys to be completed under current
Russian standards. CC estimates this work will require between 8
and 12 weeks to complete which is scheduled to commence 12 March
2018.
-- Upon completion of the inaugural stage, an ensuing second
desktop study phase will be implemented and will consist of a more
detailed and comprehensive design including identification of
specific fill sources, refined bridging details, etc. Capital and
operating costs will be defined as a part of this work. This second
stage of desk top work is projected to require between four and
five months to complete and will be awarded post completion of the
inaugural work component.
-- Concurrent with the compilation of the inaugural stage and
ensuing second desktop study phase, the Company will be completing
a third component to the study. This component consists of the
compilation of a land usage package including public hearings for
additional input on route selection. The communities, local and
Amur Oblast administrations are strong supporters of Amur and the
development of the Kun-Manie deposit.
-- The information from the inaugural and second desk top
evaluation components as well as the land usage plans will be
amalgamated into a final document for review and approval by
necessary Amur Oblast authorities enabling Amur to proceed to land
allotment, cadastral registration and assignment of a short term
land lease. Approval by the Amur Oblast authorities will allow the
Company to immediately implement an on the ground field survey of
the access road route.
-- Based on the field survey evaluation, final design
adjustments will be identified to avoid any identified geological
and hydrological hazards whilst considering any potential
ecological considerations, and a final route will be established.
Subsequently and according to Russian Federation procedures, this
final design for the road will enable the Company to acquire long
term access rights to the Kun-Manie site allowing the Company to
begin start up construction of the road.
Robin Young, CEO of Amur Minerals, commented:
"The kickoff of our Access Road Development Programme represents
major shift from our historical exploration mode to that of an
engineering and design mode. The access road has always been a key
variable in ensuring that we can successfully mine the largest
undeveloped nickel copper sulphide deposit located immediately
adjacent the three largest international nickel consuming nations
of China, Japan and Korea. This road will allow Amur to deliver
concentrate into the rail system for delivery to market and the
ability to supply and support the planned operation.
With Cevi Construzioni, the Russian Federation certified road
design group, we have engaged an experienced road support company,
which is familiar and experienced in the region having worked in
both permafrost conditions and as a subcontractor on nearby
projects including the Elga Coal project to the north of Kun-Manie
in the Sakha Republic (Yakutia). We look forward to providing
updates on Cevi Construzioni's progress whenever key milestones are
attained. The first anticipated access road milestone is projected
to be due in approximately 8 to 12 weeks."
Market Abuse Regulation (MAR) Disclosure
Certain information contained in this announcement would have
been deemed inside information for the purposes of Article 7 of
Regulation (EU) No 596/2014 until the release of this
announcement.
Enquiries:
Company Nomad and Broker Public Relations
Amur Minerals S.P. Angel Corporate Yellow Jersey
Corp. Finance LLP PR
Robin Young Ewan Leggat Charles Goodwin
CEO Soltan Tagiev Harriet Jackson
Dominic Barretto
+44(0)2034 700 +44(0)7544
+7(4212)755615 470 275 882
For additional information, visit the Company's website,
www.amurminerals.com.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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