8 Apr 2014 07:00
8 April 2014
Annual Report and Accounts 2013
Avocet Mining PLC has today published its 2013 Annual Report and Accounts on its website - www.avocetmining.com
The Annual Report and Accounts, together with the Notice of Annual General Meeting 2014 and related Form of Proxy, has also been mailed to those shareholders who have elected to receive it in hard copy.
FOR FURTHER INFORMATION PLEASE CONTACT
Avocet Mining PLC | Bell PottingerFinancial PR Consultants | J.P. Morgan CazenoveCorporate Broker | NM Rothschild Financial Adviser | Investec Bank Plc Financial Adviser |
David Cather, CEOMike Norris, FD | Daniel Thöle Lydia Eades | Michael Wentworth-Stanley | Roger Ewart-Smith Sam Critchlow | Jeremy Wrathall |
+44 20 7766 7676 | +44 20 7861 3800 | +44 20 7742 4000
| +44 20 7280 5424 | +44 20 7597 4180 |
NOTES TO EDITORS
Avocet Mining PLC ('Avocet' or the 'Company') is an unhedged gold mining and exploration company listed on the London Stock Exchange (ticker: AVM.L) and the Oslo Børs (ticker: AVM.OL). The Company's principal activities are gold mining and exploration in West Africa.
In Burkina Faso the Company owns 90% of the Inata Gold Mine. Across the Bélahouro district, which includes both Inata and Souma, there is a Mineral Resource of 6.1 million ounces and an Ore Reserve of 0.5 million ounces. The Inata Gold Mine poured its first gold in December 2009 and produced 118,443 ounces of gold in 2013. Other assets in Burkina Faso include eight exploration permits surrounding the Inata Gold Mine in the broader Bélahouro region. The most advanced of these projects is Souma, some 20 kilometres from the Inata Gold Mine, where there is a Mineral Resource estimate of 0.8 million ounces.
In Guinea, Avocet owns 100% of the Tri-K Project in the north east of the country. Drilling to date has outlined a Mineral Resource of 3.0 million ounces, and in October 2013 the Company announced a maiden Ore Reserve on the oxide portion of the orebody, which is suitable for heap leaching, of 0.5 million ounces. As an alternative, the potential exists to exploit the entire 3.0 million ounce Tri-K orebody via CIL processing method.