The Asia Miner

OCT-DEC 2017

The ASIA Miner - Reporting Important Issues to Mining Companies in the Asia Pacific Region

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Russia RECENT drilling by Amur Minerals Corporation at Kun-Manie Nick- el-Copper Project in Russia's Far East is expected to materially increase the resource, which stands at 770,000 tonnes of nickel and 207,000 tonnes of copper. The resource expansion drilling has already identified at least 2200 metres of new mineralisation. The 2017 summer drilling program of 82 diamond core drill holes for 20,060 metres has extended Kubuk deposit to the west by al- most 600 metres. About 500 metres of new mineralisation has also been identified to the east of Ikenskoe/Sobolevsky (IKEN) deposit. The size of both deposits has doubled. The current combined JORC resource for all resource categories at IKEN and Kubuk contains 258,000 tonnes of nickel within a com- bined strike length of approximately 1500 metres. A third mineralised block named ISK-2 has also been identified. It is 800 metres long and contains an average of 24.2 metres thick- ness averaging 0.79% nickel and 0.21% copper. This untested block along the ISK (Ikenskoe/Sobolevsky/Kubuk) target lies between mineralised holes and is now being drilled. Amur believes successful drilling could link the areas, forming a single deposit with a continuous mineralised length of 4.5km, mak- ing it the second largest deposit within the Kun-Manie licence area. Amur's chief executive Robin Young said, "We are extremely pleased with the drill results our team has obtained. We have most likely converted inferred resource to that of indicated at Kubuk, which is key to reserve definition and expansion. "We are also excited to confirm that Kubuk and Ikenskoe/ Sobolevsky are likely to be a single near continuous deposit totalling more than 4.5km in length. "The early start to this year's program and our drill team's in- creased productivity rate should allow us to substantially increase our resource inventory. Merging the two deposits will expand our nickel resource to more than 1 million tonnes of nickel alone." As of August 29, 20,060 metres of diamond core drilling, across 82 holes, had been completed approximately eight weeks ahead of schedule. Available fuel inventories will allow Amur to drill up to an additional 10,000 metres through the remainder of the season to October 31, weather permitting. This expansion to the original program represents an increase of 50% from the planned program. DEEP drill testing at IG Copper's Malmyzh Copper-Gold Porphyry Project emphasizes exploration upside with results including 417.3 metres averaging 0.60% copper equivalent. The program has fo- cused on Freedom Northwest prospect, which is not in the current Malmyzh resource estimate. The 417.3 metre intersection included a sub-interval of 142.6 me- tres @ 0.74% copper equivalent, comprising 0.62% copper and 0.26 g/t gold. It is the first deep drilling at Malmyzh as previous drilling has been concentrated on shallow mineralisation throughout the district. The Malmyzh licences are held by IG Copper LLC (51%) and Freeport-McMoRan Exploration Corporation (49%), with IG op- erating and managing the project. EMX Royalty Corporation is IG's largest shareholder with 39% of the issued and outstanding shares. The 2017 diamond drill program at Freedom Northwest was de- signed to further test breccia pipe mineralisation initially recognised in late 2016 from a hole, which intersected 747.4 metres from 108.7 metres averaging 0.49% copper equivalent. Three subse- quent holes have been drilled this year, for 2437.6 metres. The 2017 drilling, combined with earlier Freedom Northwest drill results, suggests a broad, inferred outline of a pipe-like breccia body with approximate dimensions of 800 x 800 metres and a ver- tical dimension of about 650 to over 850 metres. The interpreted breccia pipe footprint generally coincides with a circular magnetic anomaly defined from recent high resolution ground magnetic sur- veys. IG plans further follow-up at Freedom Northwest based upon the encouraging results from this initial round of deep drilling. The high resolution magnetics data has been an important explo- ration tool for delineating drill targets at Freedom Northwest. Con- sequently, IG intends to utilise high resolution magnetics to explore for additional and higher grade mineralisation at the other porphyry centres in the district. Malmyzh is in Far East Russia, approximately 220km northeast of the city of Khabarovsk and the nearby border with China. Four resource deposits - Valley, Central, Freedom Southeast and Flats - have been the focus of previous work. The Malmyzh open pit inferred resources are 1.661 billion tonnes at average grades of 0.42% copper equivalent, containing 12.45 billion pounds of cop- per and 9.11 million ounces of gold. Sizeable increase in Kun-Manie resource likely Logging core samples from the Malmyzh Copper-Gold Porphyry Project in Far East Russia. Deep drilling shows further Malmyzh potential Volume 14 • Issue 4 | 2017 | ASIA Miner | 33

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