Crism Therapeutics Corporation Ord Npv (CRTX)

Sector:

Investment Firms

6.50p
   
  • Change Today:
    -0.75p
  • 52 Week High: 7.25
  • 52 Week Low: 6.00
  • Currency: UK Pounds
  • Shares Issued: 32.68m
  • Volume: 12,754
  • Market Cap: £2.12m

Amur Minerals reduces cost of road at Kun-Manie

By Josh White

Date: Friday 22 Feb 2019

LONDON (ShareCast) - (Sharecast News) - Nickel-copper sulphide mineral exploration and resource development company Amur Minerals Corporation updated the market on the access road that would link the planned mine site with the Baikal Amur Rail Line (BAM) on its wholly-owned Kun-Manie nickel copper sulphide project on Friday.
The AIM-traded firm said the updated estimate based on a one-lane design indicated the average cost to construct one kilometre of the road was $0.38m including bridges, diversions and culverts.

It said the total capital cost of the 338 km road was anticipated to be in the order of $129m.

The ability to reduce the width of the road still allowed the company to deliver the annual production of up to 400,000 tonnes of concentrate to the rail station, the board said, and also allowed for the backhaul supplies to the mine site.

"We are pleased to inform our shareholders that the newly derived and reduced capital cost expenditure related to the road has already been introduced into the pre-feasibility study," said Amur Minerals chief executive officer Robin Young.

"Confirmation of the ability to shift to the lower cost, one lane option is a significant change in the operating configuration planned for Kun-Manie.

"Following the review of the comprehensive pre-feasibility study by an independent QP we are comfortable this is a viable option to developing the planned operation."

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CRTX Market Data

Currency UK Pounds
Share Price 6.50p
Change Today -0.75p
% Change -10.34 %
52 Week High 7.25
52 Week Low 6.00
Volume 12,754
Shares Issued 32.68m
Market Cap £2.12m

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CRTX Dividends

  Latest Previous
  Special Interim
Ex-Div 01-Jun-23 n/a
Paid 14-Jun-23 n/a
Amount 1.80p 0.000¢

Trades for 17-Jun-2024

Time Volume / Share Price
16:28 143 @ 6.98p
14:18 1,000 @ 7.00p
14:18 8 @ 6.00p
14:18 140 @ 6.00p
14:17 35 @ 7.00p

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