29 Oct 2014 07:00
29 October 2014 AIM:AMA
Amara Mining plc
("Amara" or "the Company")
EVENT FOR PRIVATE INVESTORS
Amara Mining plc, the AIM-listed West African focused gold mining company, is pleased to announce that it will be hosting an event for private investors, alongside two other gold mining companies: Aureus Mining Inc. and Mwana Africa plc.
The event will take place in the Wren Room at the offices of K&L Gates (One New Change, London, EC4M 9AF) on Monday 01 December 2014 at 09:30 for a 10:00 start and will finish at approximately 13:00. This event follows the Company's first successful 'Meet the Miners' event, which was held in February 2014 and was attended by over 50 people.
The format of this event will be 'fireside chats', where the Chief Executive Officers of each of the three companies will be interviewed by a market commentator. This will offer attendees the chance to gain a unique insight into each company and their future strategies.
John McGloin, Chairman and Chief Executive Officer of Amara, will provide an update on the Company's six million ounce Yaoure Gold Project in Côte d'Ivoire. Yaoure has the potential to be one of the top 10 gold mines in Africa and top 50 in the world by production, with forecast Total Cash Costs among the bottom five lowest in Africa. A Preliminary Economic Assessment was delivered in Q1 2014, which confirmed the project's compelling economics at gold prices as low as US$1,000 per ounce. John will also discuss the next milestones for Yaoure, including a second Mineral Resource update in December 2014 and the Pre-Feasibility Study in Q1 2015.
The management looks forward to meeting existing and prospective investors after the formalities when wine and mince pies will be served.
For further information on the event, including details of how to register, please visit: http://www.amaramining.com/DocumentDownload.axd?documentresourceid=407
For more information please contact:
Amara Mining plc John McGloin, Chairman and Chief Executive Officer Pete Gardner, Finance Director Katharine Sutton, Head of Investor Relations
| +44 (0)20 7398 1420 |
Peel Hunt LLP (Nominated Adviser & Joint Broker) Matthew Armitt Ross Allister
| +44 (0)20 7418 8900 |
GMP Securities Europe LLP (Joint Broker) Richard Greenfield Alex Carse
| +44 (0)20 7647 2800 |
Farm Street Communications (Media Relations) Simon Robinson | +44 (0)7593 340 107
|
About Amara Mining plc
Amara is a gold explorer/developer with assets in West Africa. The Company is focused on unlocking the value in its development projects. At Yaoure in Côte d'Ivoire, this will be done by increasing the confidence in the existing Mineral Resource and economics at the project as the Company progresses it through to Pre-Feasibility Study and Bankable Feasibility Study. At Baomahun, this will be achieved by gaining an improved understanding of the exploration upside potential and underground opportunity. With its experience of bringing new mines into production, Amara aims to further increase its production profile with highly prospective opportunities across both assets.