Amara Mining Plc, a gold mining and development group with activities focusing on West Africa, published on 12 August its report for the first half of the year 2015 congratulating itself on the satisfactory result of its ongoing optimisation plan to improve the economic parameters of the Yaoure project, located in the centre of Côte d’Ivoire.

The company declared itself in a comfortable financial situation, with liquid assets of USD 13.6 million at 30 June, to move forward with the bank feasibility study and translate the growth opportunity with its second gold project Baomahun, in its process to turn into a production intermediate company.

The unexploited ore reserves of 2.7 million onces, about 70.4 million tons of resources at 1.18g/t Au, are a solid basis for the economic sustainability of the large scale deposit of the Yaoure project covering 367 km2.

The company listed in London hopes, based on the conclusions of the optimisation plan, to increase the content of the ore reserves through a selective extraction of the high content CMA zone of the project.

Amara Mining Plc, holding 100% of Yaoure shares and which expanded this project with a new Yaoure East mining licence of 206 km2, also wants to reduce the initial capital investment by limiting the mining fleet and the size of the plant.