Amur Minerals provides update on Kun-Manie project

Mineral exploration and resource development company Amur Minerals provided investors with a second drill update for its wholly-owned Kun-Manie nickel-copper sulphide project on Thursday.

At the end of June 2018, Amur had completed a total of 66 holes, roughly 50% of its planned programme, since initiation of the planned 20,300-metre drill project.

The largest inferred resource inventory at Kun-Manie, located at the southern limits of the IKEN ore deposit, contains an estimated 27.8m tonnes containing 222,000 nickel tonnes and 63,000 copper tonnes.

The nickel grade of this block has been ranked amongst the highest nickel grade blocks at Kun-Manie, and for this reason, drilling for resource conversion and its subsequent inclusion into the mining ore reserve has been implemented by Amur.

Robin Young, chief executive of Amur Minerals, said, "Drilling continues apace, and we have now completed half of our planned programme for 2018, with over 10,000 of the 20,000 planned metres already being drilled."

"Drilling at two of the largest areas where infill drilling for Russian regulatory considerations was required, has already been completed and we are now drilling at Kubuk and are progressing well towards completing the infill effort there," Young added.

As of 1130 BST, Amur shares had picked up 6.74% to 4p.