SOURCE: Amara Mining plc

July 16, 2013 07:00 ET

Amara Mining PLC: Yaoure Gold Project Update

LONDON--(Marketwired - Jul 16, 2013) -

16 July 2013                                           AIM:AMA / TSX:AMZ

                            Amara Mining plc
                       ("Amara" or "the Company")

                         YAOURE GOLD PROJECT

Amara Mining plc, the dual AIM and TSX-listed West African focused gold
mining company, is pleased to announce the results of the second phase
of its metallurgical testwork programme and the latest drilling results
from the Yaoure Gold Project ("Yaoure") in Cote d'Ivoire.


* Yaoure mineralisation is simple and non-refractory, demonstrating
strong recoveries

* Two potential processing routes have been identified: whole ore
leach through traditional carbon-in-leach ("CIL") / carbon-in-pulp
("CIP") and froth flotation

* Work has commenced to refine both processing routes in advance of
the release of the Preliminary Economic Assessment ("PEA")

* Hydro-electric power ("HEP") is available at Yaoure and work will
be undertaken to optimise both processing routes on the basis of cheap,
readily available power

* In-fill drilling completed and assays continue to generate
encouraging results - a further Mineral Resource update is expected to
be released in Q4 2013, along with the PEA

Peter Spivey, Chief Executive Officer, commented:"We are encouraged by the
results of the metallurgical testwork which
further confirm the potential Yaoure has to become a highly economic
mine. In the next few months we will further refine our testwork to
evaluate the optimal processing route for Yaoure, weighing the benefits
of strong recoveries against the necessity for low capex and opex.
Yaoure is one of the most ideally located projects in West Africa, with
excellent infrastructure including a HEP station 5km from site. The
simple, non-refractory mineralisation adds further strength to the
potential of the project and the investment case. We have largely
completed our current phase of investment into Yaoure and are now
focused on the delivery of a PEA in Q4 2013 to further demonstrate the
project's robust economics."

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