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RNS Number : 3108Y Amara Mining PLC 23 January 2014  23 January 2014 AIM:AMA Amara Mining plc ("Amara" or "the Company") FILING OF TECHNICAL REPORT FOR SIX MILLION OUNCE MINERAL RESOURCE AT YAOURE GOLD PROJECT Amara Mining plc, the AIM-listed West African focused gold mining company, is pleased to announce that a National Instrument 43-101-compliant technical report entitled 'Yaoure Gold Project, Côte d'Ivoire, Technical Report and Mineral Resource Estimates', dated 22 January 2014, was filed on SEDAR yesterday. This follows the news release regarding the Mineral Resource update for Amara's Yaoure Gold Project ("Yaoure") in Côte d'Ivoire dated 13 December 2013. A copy of the technical report may be obtained via www.sedar.com and on Amara's website at http://www.amaramining.com/Investor-Relations/NI43-101-Reports. A copy of the news release may also be obtained via SEDAR and on Amara's website. The previously announced highlights of the Yaoure Mineral Resource update are as follows: HIGHLIGHTS · Inferred Mineral Resource of 5.5 million ounces (133Mt at 1.29g/t) representing an increase of 3.3 million ounces 1,2 · Indicated Mineral Resource of 0.8 million ounces (20Mt at 1.20g/t) representing an increase of 0.3 million ounces1, 3 · Mineral Resource remains robust at a lower gold price and includes 0.4 million ounces of oxide material (9.4Mt at 1.33g/t) potentially amenable to low cost heap leach processing 1 · 71% increase in Amara's global Mineral Resources to 3.7 million ounces Measured and Indicated and 6.4 million ounces Inferred · Minimal discovery cost of US$3.50/oz4 versus average industry discovery cost in Africa of US$16/oz 5 · Metallurgical testwork has confirmed the simple, non-refractory nature of the gold mineralisation and its amenability to a range of processing options - results received in Q3 2013 also demonstrate robust recoveries for low grade samples · Location of Yaoure is highly advantageous due to close proximity to Kossou dam, which offers cheap hydro-electric power ("HEP") and abundant water, excellent roads and accommodation · Preliminary Economic Assessment ("PEA") is anticipated to be completed in Q1 2014, focused on a large scale, long life carbon-in-leach ("CIL") or flotation scenario and a short-term heap leach opportunity Notes 1. Using a 0.5g/t cut-off and a US$1,500 pit shell. At a 0.8g/t cut-off, the Yaoure Mineral Resource contains 0.6 million ounces Indicated (13.2Mt at 1.48g/t) and 4.6 million ounces Inferred (85.7Mt at 1.65g/t) 2. Previously 2.2 million ounces Inferred using a 0.5g/t cut-off or 1.7 million ounces Inferred at a

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Interesting large trades going through, good to see the price of Gold has gone up.

Interesting 199k buy order on Level 2 at 14p followed by 150k at 13.5p, nice to see this ticking away.

It certainly is mate, interesting times ahead! What is your opinion on Gold at the moment?

How are you mate? Have you got an email address?

News from Zolmax Amara Mining Plc Receives Buy Rating from Cantor Fitzgerald (AMA) Posted by Alphonse Anthony on Dec 13th, 2013 // No Comments Amara Mining Plc logoAmara Mining Plc (LON:AMA)‘s stock had its “buy” rating restated by research analysts at Cantor Fitzgerald in a report released on Friday, American Banking News reports. Amara Mining Plc (LON:AMA) opened at 14.00 on Friday. Amara Mining Plc has a 52 week low of GBX 8.80 and a 52 week high of GBX 65.90. The stock has a 50-day moving average of GBX 13.4 and a 200-day moving average of GBX 15.02. Several other analysts have also recently commented on the stock. Analysts at Canaccord Genuity reiterated a “buy” rating on shares of Amara Mining Plc in a research note to investors on Wednesday, November 20th. They now have a GBX 25 ($0.41) price target on the stock. Separately, analysts at Seymour Pierce reiterated a “buy” rating on shares of Amara Mining Plc in a research note to investors on Wednesday, November 20th. Finally, analysts at Westhouse Securities reiterated a “buy” rating on shares of Amara Mining Plc in a research note to investors on Wednesday, November 13th. They now have a GBX 50 ($0.82) price target on the stock. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Amara Mining Plc presently has an average rating of “Buy” and an average target price of GBX 46.77 ($0.76). Amara Mining plc, formerly Cluff Gold plc, is a gold mining and exploration company. The Company is engaged in the acquisition, exploration, development and operation of gold mines and deposits in West Africa.

Level 2 3 vs 1 13.75 / 14.5p 51500 / 10k

Amara confirms 6m oz resource at Yaoure 13 December 2013 | 07:40am StockMarketWire.com - The 'inferred' mineral resource at Amara Mining's Yaoure gold project in Côte d'Ivoire has increased to 5.5 million ounces according to an updated NI 43-101 compliant - an increase of 3.3 moz. The 'indicated' mineral resource of 0.8 moz (20Mt at 1.20g/t) is up 0.3 moz and the mineral resource remains robust at a lower gold price and includes 0.4 million ounces of oxide material (9.4Mt at 1.33g/t) potentially amenable to low cost heap leach processing. Chief executive Peter Spivey said: "The delivery of the latest mineral resource update for Yaoure has confirmed the project as an important part of Amara's portfolio, representing our largest resource in West Africa and the largest deposit in Côte d'Ivoire. "It has also increased the company's global mineral resources by over 70% at a minimal discovery cost for the updated Yaoure resource of just US$3.50/oz. It is strategically important that the resource remains strong at lower gold prices, with a robust overall grade of 1.86g/t at a 1g/t cut-off. This demonstrates Yaoure's viability in the current challenging market conditions. "The next milestone for the project is the completion of the PEA in Q1 2014, which will primarily explore the potential for large scale, long-term production from Yaoure's substantial sulphide resources. The PEA will also evaluate the potential for Amara to maintain its status as a heap leach producer beyond the Kalsaka/Sega minelife through the additional oxide resources defined at Yaoure, offering near-term cash flow. "I am confident that it will further demonstrate the project's robust economics as a result of the large-scale, low strip ratio, simple metallurgical nature of the deposit and the excellent existing infrastructure in Côte d'Ivoire." - See more at: http://www.stockmarketwire.com/article/4724393/Amara-confirms-6m-oz-resource-at-Yaoure.html#sthash.qWqyVtK0.dpuf

Large spread with most of the main mm's sitting at 15.5p

14.75p just paid!

The next news due is not too many trading days away, i'm surprised as well. Rest of the markets taking a battering, this share is still well under the radar imho.

4 different broker ratings before this news was out. 20-Nov-13 Canaccord Genuity Buy 25.00 25.00 Reiteration 13-Nov-13 Westhouse Securities Buy 50.00 50.00 Reiteration 07-Nov-13 Seymour Pierce Buy 63.00 63.00 Reiteration 11-Sep-13 Numis Securities Buy 40.00 45.00 Reiteration

JOHANNESBURG (miningweekly.com) – Aim-listed West Africa-focused gold mining company Amara Mining on Friday announced a 2.2-million-ounce increase in the inferred resource at its 100%-owned Yaoure gold project, in Côte d'Ivoire, bringing the project’s resource to 5.5-million ounces. The project’s indicated mineral resource was also updated to 800 000 oz, representing an increase of 300 000 oz. "The delivery of the latest mineral resource update for Yaoure has confirmed the project as an important part of Amara's portfolio, representing our largest resource in West Africa and the largest deposit in Côte d'Ivoire. It has also increased the company's global mineral resources by over 70% at a minimal discovery cost for the updated Yaoure resource of just $3.50/oz,” Amara CEO Peter Spivey said. Amara’s global mineral resources now stood at 3.7-million ounces measured and indicated and 6.4-million ounces inferred. Spivey added that it was strategically important that the Yaoure resource remained strong at lower gold prices, with a robust overall grade of 1.86 g/t at a 1 g/t cutoff. “This demonstrates Yaoure's viability in the current challenging market conditions,” he said. The next milestone for the project would be the completion of the preliminary economic assessment (PEA) in the first quarter of next year, which would primarily explore the potential for large-scale, long-term production from Yaoure's substantial sulphide resources. The PEA would also evaluate the potential for Amara to maintain its status as a heap leach producer beyond the Kalsaka/Sega mine life through the additional oxide resources defined at Yaoure, offering near-term cash flow. “I am confident that it will further demonstrate the project's robust economics as a result of the large-scale, low strip ratio, simple metallurgical nature of the deposit and the excellent existing infrastructure in Côte d'Ivoire," Spivey said.

News today Mining weekly http://www.miningweekly.com/article/yaoure-gold-project-inferred-resource-increased-by-22moz-2013-12-13

Early hours as yet, hard to say what will happen here. Plenty of people buying, not many trading days until January. Unlike alot of companies out there in aim Amara is already in production, plus not many shares in free float. If the herd were here we would probably be at 70p lol. Still massively under tha radar!

Well under the radar this one1

Not many trading days left until the next update!

Cantor Fitzgerald Reiterates “Buy” Rating for Amara Mining Plc (AMA) This was from 21st November http://www.wkrb13.com/markets/231275/cantor-fitzgerald-reiterates-buy-rating-for-amara-mining-plc-ama/

3 month low 11.5p vs high 18.5p, the question may be when is the next piece of news due. Although it looks like it is well overdue a re rate here so does alot of the aim market.