LONDON (Alliance News) - West Africa-focused gold miner Amara Mining PLC on Tuesday said a new resource update for the Yaoure gold project in the Ivory Coast has increased the total resource and estimated grade for the site.
Amara said the total mineral resources for the project has been increased to 7.3 million ounces at an average grade of 1.5 grams per tonne, a 20% increase to the grade estimate.
A pre-feasibility study on the project is now underway, including work on the effect of the new mineral resource update, and the result of this are expected in the first quarter of 2016.
Shares in Amara were up 3.5% to 8.302 pence on Tuesday.
By Sam Unsted; samunsted@alliancenews.com; @SamUAtAlliance
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