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Amara Mining plc Developing a Top African Gold Mine

Investor-Presentation-January-2016-FINAL

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Baomahun: A Second Strong Growth Opportunity<br />

Probable <strong>Mine</strong>ral<br />

Reserves<br />

Head Grade of <strong>Mine</strong>ral<br />

Reserves<br />

1.2Moz<br />

1.62g/t<br />

Indicated <strong>Mine</strong>ral<br />

Resources<br />

Inferred <strong>Mine</strong>ral<br />

Resources<br />

• Feasibility stage project in central Sierra Leone<br />

• Archean-age deposit with high grade core and grades that<br />

improve at depth<br />

• Feasibility Study delivered in Q2 2013 based on 2Mtpa<br />

open pit only scenario – strong economics at US$1,350/oz<br />

gold price<br />

• Potential to increase production to 100,000oz in 1Mtpa<br />

scenario – low-cost optimisation work underway<br />

2.2Moz<br />

Average Production<br />

over life of mine 1<br />

98,460oz<br />

0.5Moz<br />

Life of <strong>Mine</strong>*<br />

12 years<br />

www.amaramining.com<br />

1. According to Baomahun Feasibility Study (2Mtpa CIL plant)<br />

11

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