Amara Mining plc Developing a Top African Gold Mine
Investor-Presentation-January-2016-FINAL
Investor-Presentation-January-2016-FINAL
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Yaoure: 3.2 Million Ounce <strong>Mine</strong>ral Reserve<br />
<strong>Mine</strong>ral Reserve Update Highlights<br />
New Yaoure <strong>Mine</strong>ral Reserve – US$880/oz pit shell at 0.5g/t c-o grade<br />
Increase in size of<br />
reserve<br />
583koz<br />
% increase in size of<br />
reserve<br />
22%<br />
% of M&I resources<br />
now defined as<br />
reserves<br />
63%<br />
www.amaramining.com<br />
Increase in head grade<br />
of resource<br />
0.44g/t<br />
% increase in head<br />
grade of reserve<br />
37%<br />
% of total resources<br />
now defined as<br />
reserves<br />
44%<br />
Category Tonnes (Mt) Grade (g/t) Content (Koz)<br />
Proven 18.1 1.82 1,057<br />
Probable 44.2 1.54 2,189<br />
Total 62.3 1.62 3,246<br />
Previous Yaoure <strong>Mine</strong>ral Reserve – US$975/oz pit shell at 0.33g/t c-o grade<br />
Probable 70.4 1.18 2,663<br />
• Larger <strong>Mine</strong>ral Reserve at higher overall grade<br />
• Enlarged cash margins - new estimate is based on US$880/oz pit<br />
shell compared to US$975/oz pit shell used in previous estimate<br />
• Estimate is based on capital and cost estimates generated by the<br />
PFS announced in May 2015<br />
• Quotations received from suppliers have confirmed that the<br />
prices of many consumables have declined significantly<br />
• Work is continuing on PFS optimisation – focusing on 6.5Mtpa<br />
scenario and smaller scenarios<br />
• Results expected later in Q1 2016 and work on Bankable<br />
Feasibility Study (BFS) will then commence<br />
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