Amara Mining plc Developing a Top African Gold Mine

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Strengthening Core of Yaoure Central Zone Close-Up of Northern Area of Yaoure Central Zone Section 7300 before 2015 drilling programme Section 7300 after 2015 drilling programme www.amaramining.com 8
Yaoure: 3.2 Million Ounce Mineral Reserve Mineral Reserve Update Highlights New Yaoure Mineral Reserve – US$880/oz pit shell at 0.5g/t c-o grade Increase in size of reserve 583koz % increase in size of reserve 22% % of M&I resources now defined as reserves 63% www.amaramining.com Increase in head grade of resource 0.44g/t % increase in head grade of reserve 37% % of total resources now defined as reserves 44% Category Tonnes (Mt) Grade (g/t) Content (Koz) Proven 18.1 1.82 1,057 Probable 44.2 1.54 2,189 Total 62.3 1.62 3,246 Previous Yaoure Mineral Reserve – US$975/oz pit shell at 0.33g/t c-o grade Probable 70.4 1.18 2,663 • Larger Mineral Reserve at higher overall grade • Enlarged cash margins - new estimate is based on US$880/oz pit shell compared to US$975/oz pit shell used in previous estimate • Estimate is based on capital and cost estimates generated by the PFS announced in May 2015 • Quotations received from suppliers have confirmed that the prices of many consumables have declined significantly • Work is continuing on PFS optimisation – focusing on 6.5Mtpa scenario and smaller scenarios • Results expected later in Q1 2016 and work on Bankable Feasibility Study (BFS) will then commence 9
Page 1 and 2: Amara Mining plc Developing a Top A
Page 3 and 4: Building on Exploration Success BUR
Page 5 and 6: Million ounces Au Yaoure: 7.3 Milli
Page 7: Potential to Increase Grade of CMA
Page 11 and 12: Baomahun: A Second Strong Growth Op
Page 13 and 14: Amara Mining plc Contact Us John Mc
Page 15 and 16: Yaoure: Analysis of Mineral Reserve
Page 17: Group Resources and Reserves RESERV

Amara Mining plc Developing a Top African Gold Mine

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