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Total Voting Rights

30 Mar 2012 16:36

RNS Number : 5193A
Aureus Mining Inc.
30 March 2012
 



NOT FOR DISTRIBUTION IN THE UNITED STATES OR FOR DISSEMINATION TO US NEWS WIRE SERVICES.

 

For immediate release 30 March 2012

 

Aureus Mining Inc.

TSX: AUE

AIM: AUE

 

AureUs Mining Inc.

Total Voting Rights

 

Aureus Mining Inc. ("Aureus" or the "Company"), the TSX (AUE) and AIM (AUE) listed exploration and development Company focused on gold in sub-Saharan Africa, confirms that, on 30 March 2012, its capital consisted of 118,282,301 common shares with voting rights. On that date, no shares were held in treasury. The total number of voting rights in the Company is, therefore, 118,282,301.

The above figure (118,282,301) may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, Aureus Mining Inc. under the FSA's Disclosure and Transparency Rules.

 

Contact Information

 

Aureus Mining Inc.

David Reading / Jeremy Cave

Tel: +44 (0) 20 7257 2930

 

RBC Capital Markets

Nominated Advisor and Joint Broker: Martin Eales / Richard Hughes / Jonathan Hardy

Tel: +44 (0) 20 7653 4000

 

GMP Securities Europe LLP

Joint Broker: Richard Greenfield / Alexandra Carse

Tel: +44 (0) 20 7647 2800

Buchanan

Bobby Morse / James Strong

Tel: +44 (0) 20 7466 5000

 

About Aureus Mining Inc.

The Company's assets include the New Liberty gold deposit in Liberia (the "New Liberty Gold Project"), which has an estimated Reserve of 873,000 ounces of gold grading 3.1 g/t and an estimated Measured and Indicated Mineral Resource of 1,086,000 ounces of gold grading 3.6 g/t and an estimated Inferred Mineral Resource of 483,000 ounces of gold grading 3.5 g/t. A technical update for the New Liberty gold project was released on February 2, 2012, derisking and building on the robust preliminary economic assessment ("PEA"), filed in December 2010. This update outlined an improved pre-tax NPV of US$260 million based on a US$1,350/oz. gold price and a discount rate of 8%, with an eight year mine life and production of 123,000 ounces per year modelled for the first four years.

The New Liberty Gold Project is located within the Bea Mountain mining license which covers 457km² and has a 25 year, renewable, mineral development agreement. The Bea Mountain mining license also hosts the proximal gold targets of Ndablama, Weaju, Silver Hills and Gondoja, which are the focus of exploration programs during 2012.

The Company also has gold assets within exploration properties in Cameroon.

Ends

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
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