Amur Minerals Corporation's (LON:AMC) Adam Habib caught up with Proactive London following its £6.1mln fundraise.
The bulk of the cash will go towards an interest in the Roper Bar iron ore project, in Australia’s Northern Territory.
The remainder will be used to fund the continuing development of the Kun Manie nickel-copper project.
Roper Bar is host to an estimated 446mln tonnes of JORC resources with an iron grade of 39.9% and presently 4.76mln tonnes of JORC reserves at 60.1% iron.