(Ecofin Agency) - Amara Mining Plc, gold exploration group with assets in West Africa, has re-evaluated resources at its Yaoure property in Côte d’Ivoire to 7.3 million ounces with an increase of 20% in grade to 1.5 g/t.

The London-listed gold mining company which owns 100% of the Yaoure project publicly released this update on November 24. Commenting on the update, CEO of Amara Mining, John McGloin said it significantly increased M&I resources in the lower priced pit shells the company is to focus on. “The grade improvements will also reduce the operating costs per ounce of production,” he highlighted whilst recalling that the Yaoure project’s economics are also improved by the updates.

With the increase in resources to 7.3 million ounces, Yaoure now becomes the largest undeveloped gold project in West Africa and raises the group’s resources to more than 10 million ounces.