AMUR Minerals has more than one million tonnes of nickel classified at its Kun-Manie Nickel Project in Far East Russia after the latest resource upgrade. There was a 38% increase in total tonnage following an extensive drill program at two of the possible five targets.
|The 350km-long ice road has been initiated to allow for the 2017 field program at Kun-Manie Nickel Project.|
The total resource is 101.3 million tonnes at a grade of 1.03%, which equates to 1.04 million tonnes with a value of US$10.5 billion at current prices. More than 80% of the resource is classified as in the higher confidence measured and indicated categories.
Amur’s CEO Robin Young said that based on this information it could produce 40,000 to 60,000 nickel tonnes a year, which would place it at number eight in the list of the world’s nickel producers.
He added that with the latest resource it can now identify mining ore reserves available for both an open pit and underground operation. “It is rare to see a junior resource company have such a large asset with so much of it drilled to such a high level of confidence.”
Meantime, Amur has completed the full restock and mobilisation of newly purchased machinery, spares and supplies for its 2017 Kun-Manie field season. The largest resupply effort ever undertaken on the project began on February 18 and was completed on April 7.
Early initiation of the 350km-long ice road construction allowed nine convoys to position the company for full implementation of the field program. Among the items delivered and deployed are a Caterpillar D6RII dozer, Caterpillar 320D2L excavator, water well drill rig, truck mounted crane, personnel carrier, fuel truck, drop-side truck and portable man cabins.
In addition, more than 400 tonnes of summer and winter fuel have been delivered. This is a significant increase over 2016 and enhances the company’s ability to expand operations at Kun-Manie deposit and its adjacent water exploration licence where it is anticipated that the mill will be constructed.
A comprehensive restock of drill supplies, spare parts and food was also completed. The site is now in the final stages of preparation for full summer field crew component of nearly 90 individuals. Field operations are anticipated to begin by end of May and the plan is to drill between 15,000 and 20,000 metres.