Amur Minerals (LON:AMC) - A step change in scale possible?
Jan 03rd 2013 - Edison Investment Research today published a report on Amur Minerals (AMC.L, LSE:AMC, LON:AMC) entitled "A Step Change In Scale Possible?". In summary, the report says:
Amur Minerals has received its third extension to its right to explore its 950km2 Kun-Manie Ni-Cu sulphide deposit. This extension is valid until 31 December 2014. Amur will now resupply its site in readiness to commence 2013’s exploration and resource definition programme which, previously, has continued to reveal the potential for Kun-Manie (current total resource 68.5Mt @ 0.5% Ni) to host a district-scale nickel sulphide deposit. In the last two exploration announcements drilling has doubled the length of the Maly Kurumkon deposit to c 2km by joining up with the east-bound Flangovy block. Results across Flangovy indicate nickel and copper grades 46% and 36% higher respectively than those used in SRK’s outdated 2007 PFS (undertaken on only three deposits). Amur...
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