Company News: African Aura Resources
Updated: 26 Oct 2009
African Aura's strategy is to be a 'first mover' within highly
prospective and under explored geological provinces, in pursuit of the
next generation of gold and iron ore mines in emerging sub-Saharan
Africa.
It is the significant experience of working in Africa and the ability to identify and assess the non-geological risks inherent with investing in emerging countries that distinguishes the Company as a pioneer. Once opportunities have been identified the Company employs satellite borne and geological remote sensing datasets in order to select the highest priority areas to explore. This strategy allows our teams to have the highest chance of discovering those deposits which crop-out at surface. Historically these deposits are discovered fastest, for the lowest exploration cost and are the first to become mines.
In addition to our flagship New Liberty Gold and Putu Iron Ore projects, African Aura has assembled a significant portfolio of projects in Liberia and Cameroon with over 20 deposits discovered by our exploration teams to date. These discoveries create a pipeline of opportunities for the Company; being at varying stages of exploration from reconnaissance sampling through to resource definition drilling.
It is the significant experience of working in Africa and the ability to identify and assess the non-geological risks inherent with investing in emerging countries that distinguishes the Company as a pioneer. Once opportunities have been identified the Company employs satellite borne and geological remote sensing datasets in order to select the highest priority areas to explore. This strategy allows our teams to have the highest chance of discovering those deposits which crop-out at surface. Historically these deposits are discovered fastest, for the lowest exploration cost and are the first to become mines.
In addition to our flagship New Liberty Gold and Putu Iron Ore projects, African Aura has assembled a significant portfolio of projects in Liberia and Cameroon with over 20 deposits discovered by our exploration teams to date. These discoveries create a pipeline of opportunities for the Company; being at varying stages of exploration from reconnaissance sampling through to resource definition drilling.
Business Category Exploration; Mining
Regions of Operation North Africa; Central and East Africa; Southern Africa; West Africa
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Most Recent Company News
- New Liberty assays - 19 Feb 2010 11:47am
African Aura Mining Inc said its continuing drilling at its New Liberty gold property in Liberia has confirmed the continuity of mineralisation below the current resource. Read more... - Liberian Progress - 06 Nov 2009 10:47am
Since the election of the popular government of President Ellen Johnson-Sirleaf (the first female president in Africa), the country continues to improve in many areas. Generally, the country is peaceful, and local and foreign consumer goods are now abundantly available Read more... - African Aura to merge diamond subsidiary - 30 Oct 2009 9:50am
African Aura Mining Inc, formerly Mano River Resources plc, has reached a heads of agreement to combine its 58.5% subsidiary, Stellar Diamonds, with West African Diamonds Ltd in what will likely be a 75:25 merger Read more... - Uranium: Centre of attention - 28 Aug 2009 10:38am
Uranium production capacity is gradually being expanded, but world production grew only slowly during 2008, following the trend of recent years, rising 6% to 43,853tU. Although the annual production level has risen by about a quarter since 2002, this is a relatively subdued response to the substantial price increase over the same period. Read more... - Batouri confirmation - 10 Jul 2009 11:10am
African Aura Resources Ltd has intersected further gold mineralisation at its Batouri property in Cameroon. Read more... - Mano gets approval to acquire Aura - 26 Jun 2009 11:10am
Mano River Resources Inc, the TSX-V and AIM-listed exploration and development company on Thursday won approval from its shareholders to take over African Aura Resources Ltd Read more...
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