Avocet Mining PLC Annual Report & Accounts (2563E)
April 08 2014 - 1:00AM
UK Regulatory
TIDMAVM
RNS Number : 2563E
Avocet Mining PLC
08 April 2014
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 Bell Pottinger J.P. Morgan NM Rothschild Investec
PLC Financial Cazenove Financial Bank Plc
PR Consultants Corporate Adviser Financial
Broker Adviser
============= =================== ========================== ================= ===============
David Cather, Daniel Thöle Michael Wentworth-Stanley Roger Ewart-Smith Jeremy Wrathall
CEO Lydia Eades Sam Critchlow
Mike Norris,
FD
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+44 20 7766 +44 20 7861 +44 20 7742 +44 20 7280 +44 20 7597
7676 3800 4000 5424 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.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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