Aureus Mining Inc. is a gold exploration and development company listed on TSX and AIM (AUE). It is focussed in highly prospective and under-explored areas of Liberia and Cameroon. The company’s principal strategic objectives are to be a gold producer in 2013, expand the resource base through high-impact exploration and develop towards being a mid-tier gold producer. New Liberty in Liberia is Aureus Mining’s most advanced project and is expected to begin production in Q4 2013. The NI 43-101 compliant resource is currently 1.57moz at a grade of 3.6g/t, with 102koz at 4.74g/t Measured, 984koz at 3.53g/t Indicated and 483koz at 3.5og/t Inferred.  The company released its maiden reserve estimate of 873koz at 3.1g/t in February 2012, with cash costs expected of $632/oz and low initial capex of $113m. Benefitting from the high grade and simple metallurgy, the project economics look very robust. The full definitive feasibility study is due at the end of March 2012 and construction is expected commence in Q4 2012.

New Liberty sits within the large, 457km2, 25-year, renewable Bea Mountain Mining licence, which along with the adjacent 89km2Archaen exploration licence, is highly prospective and under-explored. Aureus Mining has extensive multi-phased exploration programmes currently running, from target generative work to focussed drilling programmes on well-defined targets. This ensures that the pipeline of projects behind New Liberty remains healthy.

Aureus Mining also has two gold-bearing licences in Cameroon, which cover a total of 787.5km2. The Batouri and Ntem licences host multiple gold in soil anomalies and extensive artisanal mining activity. Target generative work is in progress at both licences.