Avocet Mining PLC Annual Report & Accounts (2563E)

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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 
-------------  -------------------  --------------------------  -----------------  --------------- 
[phone]    [phone]           [phone]                [phone]        [phone] 
 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

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