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First gold pour next year in Liberia - Aureus CEO

Monday, May 20, 2013 - 04:33

May 20 - The CEO of Aureus Mining says the group's latest optimisation study has confirmed the group is on track to become Liberia's first commercial gold miner in 2014.

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There is mining is building the fast and they can national gold mine in Liberia for more details on a project. The company's chief executive David reading it here with me -- David thanks so much joining us. Told this -- the deet tails and how much you expect to to use and of course the timeline that this projects. We're just announced the results of our optimization studies that we've announced that that the feasibility -- definitive. It's been a very good result for us. I think we've increased everything by about 3% or reduced everything by about 3% in terms of capitals down. Tax cost slow down. And it's -- usual. In the business to do and optimization study and come up with better numbers normally you results must -- on the site. We now pretty much there. We finishing the financing portion of the politics and we -- style to PS would excite this puts it will produce about 120000. Ounces a year. So it's a very competitive politics in and then in the west Africans -- Name 380. -- -- an intentional. We raised we raised eighteen million and the other high and written by eight million. In a crisis. -- that we haven't got the final credit approved yet but we have. The -- -- to publish to terms of the deal and in fact. Last week. I just came back from sites and and I had twelve bankers onslaught doing their due diligence of the politics. I -- Anthony's who raised little before the end of this year not. Now we now we will once that money is tool hit the Tillis let's say we you know -- completely concluded pool building the mind. And it's full steam hate it in my room so -- busy with those books. And we we are excited we've got a lot of new people on the side my building teams. And the companies moving quickly forward now -- -- that we can have a fiscal -- in December of next year. Now and you talk about optimize patient and I knew you've been draining you know to get as cool -- fine how much goal is actually in the ground but -- just set this. Conference recently. And every one or minus that agreed that you won't really know how much goals you can use until you actually -- The ground and you know get a hole in the ground and then know what's that how you think today ensure and messes that US and its -- wrecks. We've had our. Resort some reserves -- just two to three times. We believe that Koppel of spacing. And nitro fuel bode continuity. He's pretty reliable infects who -- who took root causes that you know the one area that they don't have any. Worries or concerns about -- -- -- the resorts in the point -- difficult -- site. To ensure we took property we've we've -- -- and professional miners who work -- this. And new equipment. And and the key is to make sure that. -- I and his team control. The mining crisis so that they the stuff with the coding guys to deploy on the staff with the wasting -- case to the dump. I think the optimization studies being the right. Saying in that we've produced any involvement to risk we've -- sonong consumption -- 66%. We've all Somalis will be infrastructure south of the -- it's much easier in from a design point of view and from an operational point to -- And so what we're very comfortable that we face to keep the risks to put it. -- up and this is a bake it. The mind has not had eight -- is a result of sports can be. Well like I don't think there's any problem with the reserve life but. We are continuing to explore around the area and we've already announced some great results from. Others saw writes about twenty or say two kilometers away so -- plenty more to come anyway. Right when -- that that my thanks to David reading chief convicted of various mining. Who only investment prospects in Liberia do -- as -- newsmaker interview with Liberia's president. And then Johnson sunny the festina head of state and Africa on -- platform. I imagine all the candidates is a --

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First gold pour next year in Liberia - Aureus CEO

Monday, May 20, 2013 - 04:33