new gold province new gold player - avesoro

New Gold Province

New Gold Player

June 2011

Aureus Mining Inc. June 2011

Disclaimer

2

Certain statements in this presentation about Aureus Mining Inc. (the “Company”), including expected future

performance, are forward-looking. Forward looking statements are statements that are predictive in nature,

depend upon or refer to future events or conditions, or that include words such as “anticipate”, “plan”, “estimate”,

“expect”, “may”, “will”, “project”, “should”, “believe”, “predict” and “potential” and similar expressions. Any

statement that is made concerning future strategies or performance is also a forward-looking statement.

Statements that look forward in time or include anything other than historical information are subject to risks and

uncertainties, and actual results, actions or events could differ materially from those set forth in the forward-

looking statements. There can be no assurance that the plans, intentions or expectations upon which forward-

looking statements are based will occur.

The forward-looking statements are by their nature based on assumptions, which include, among other things:

general business, economic and mining industry conditions; mineral resource estimates; geological and

metallurgical assumptions (including with respect to size, grade and recoverability of mineral resources) and cost

estimates on which the mineral resource estimates are based; market competition; and the parameters and

assumptions employed in the New Liberty Gold Project technical report, including (but not limited to) those

relating to future mining and operating costs, processing rates, future gold prices, metallurgical rates, pit design,

operations and management, grades, the preliminary economic model, the base case analysis (including the

expected payback period) and the proposed budget for further exploration work at the New Liberty Gold Project.

Although the forward-looking statements contained herein are based upon what the Company believes to be

reasonable assumptions, the Company cannot assure that actual results will be consistent with these forward-

looking statements.

Forward-looking statements are not guarantees of future performance. Any number of factors could contribute to

differing results including, among other things: risks normally incidental to exploration and development of

mineral properties; risks related to operating in West Africa; health risks associated with the mining workforce in

West Africa; risks related to the Company‟s title to its mineral properties; adverse changes in commodity prices;

risks related to current global financial conditions; risks that the Company‟s exploration for and development of

mineral deposits may not be successful; competitive conditions in the mineral exploration and mining industry;

uncertainty of mineral resource estimates; uncertainties in the interpretation of results from drilling; uncertainties

in the estimates and assumptions used, and risks in the methodologies employed, in the New Liberty Gold

Project technical report and that the completion of additional work at the New Liberty Gold Project could result in

changes to eth forecasts, estimates and expectations contained in the New Liberty Gold Project technical report;

and future unforeseen liabilities and other factors. Undue reliance should not be placed on forward-looking

information. Unless required by applicable law, neither the Company nor the underwriters will update any

forward-looking statements whether as a result of new information, future events or otherwise.

Any mineral resource figures referred to in this presentation are estimates and no assurances can be given that

the indicated levels of minerals will be produced. Such estimates are expressions of judgment based on

knowledge, mining experience, analysis of drilling results and industry practices. Valid estimates made at a given

time may significantly change when new information becomes available. By their nature, mineral resource

estimates are imprecise and depend, to a certain extent, upon statistical inferences which may ultimately prove

unreliable. If such mineral resource estimates are inaccurate or are reduced in the future, this could have a

material adverse impact on the Company. Due to the uncertainty that may be attached to Inferred mineral

resources, it cannot be assumed that all or any part of an Inferred mineral resource will be upgraded to an

Indicated or Measured mineral resource as a result of continued exploration. Mineral resources that are not

mineral reserves do not have demonstrated economic viability.

The technical information in this presentation has been reviewed by David Reading, the President and Chief

Executive Officer of the Company. Information contained in this presentation, unless otherwise specified, is

qualified in its entirety by the more detailed information contained in the preliminary prospectus of the Company

dated April 20, 2011 and the technical report for the New Liberty Gold Project, each of which are available for

viewing on the Company‟s profile at www.sedar.com.

The delivery or distribution of this presentation in or to persons in certain jurisdictions may be restricted by law

and persons into whose possession this presentation comes should inform themselves about, and observe, any

such restrictions. Any failure to comply with these restrictions may constitute a violation of the laws of the

relevant jurisdiction. In particular, this presentation has not been approved by an authorised person pursuant to

Section 21 of the Financial Services and Markets Act 2000 (“FSMA”) and accordingly it is being delivered in the

United Kingdom only to persons to whom this presentation may be delivered without contravening the financial

promotion prohibition in Section 21 of the FSMA. Those persons are described in the Financial Services and

Markets Act 2000 (Financial Promotion) Order 2005 (“Order”) and include persons who have professional

experience in matters relating to investments and who fall within the category of person set out in the Article 19

(investment professionals) of the Order or high net worth bodies corporate, unincorporated associations or

partnerships and trustees of high net worth trusts as described in Article 49 of the Order. Any investment activity

to which this presentation relates in the United Kingdom is available to, and will only be engaged with such

persons and this presentation should not be acted or relied upon in the United Kingdom by persons of any other

description. This presentation has not been approved as a prospectus by the UK Financial Services Authority

(“FSA”) under Section 87A of FSMA and has not been filed with the FSA pursuant to the United Kingdom

Prospectus Rules. No offer of securities in the Company is being or will be made in the United Kingdom in

circumstances which would require such a prospectus to be prepared.

A preliminary prospectus containing important information relating to these securities has been filed with

securities commissions or similar authorities in all of the provinces and territories of Canada except Quebec. The

preliminary prospectus is still subject to completion or amendment. Copies of the preliminary prospectus may be

obtained from your IIROC registered financial advisor. There will not be any sale or any acceptance of an offer to

buy the securities until a receipt for the final prospectus has been issued.

It should be noted that the mining schedule in the Preliminary Economic Assessment (as summarized in slides 3

and 13) set out in the technical report for the New Liberty Gold Project includes both Indicated and Inferred

mineral resources with the contribution from Inferred mineral resources totalling 21% of the tonnage and

containing 17% of the gold. The New Liberty Gold Project Preliminary Economic Assessment is preliminary in

nature and includes Inferred mineral resources that are considered too speculative geologically to have the

economic considerations applied to them that would enable them to be categorized as mineral

reserves. Accordingly, there is no certainty that the preliminary assessments will be realized.

The Republic of Liberia is entitled to an equity interest, free of charge, on the operations of Bea Mountain Mining

Corporation (a local subsidiary of the Company which holds the New Liberty Gold Project, Bea Mineral

Development Agreement and mining licence) equal to 10% of its authorized, issued and outstanding share

capital without dilution, pursuant to the Bea Mineral Development Agreement (the "Carried Interest"). As a result

of the Carried Interest, capital funding is provided 100% by the Company (through Bea Mountain Mining

Corporation). Dividends to Bea Mountain Mining Corporation‟s shareholders will be payable only once all the

project capital investment and any related project loan interest have been fully recovered.


• High grade resources defined at New Liberty Gold Project in Liberia

– Indicated 751,000 ounces at 4.17 g/t

– Inferred 762,000 ounces at 3.40 g/t

• Preliminary Economic Assessment (PEA) outlines a robust open pit

project with a pre-tax NPV10 of US$285 million at $1,200 oz gold price

• Definitive Feasibility Study (DFS) in progress

• Forecast production of 100,000 ounces per annum commencing in H2

2013

• New Liberty deposit open in all directions

• Liberian mining license covers 457km2 with limited historical

exploration work and multiple drill targets

• Company has a large portfolio of prospective ground holdings and a

pipeline of gold targets in the Archean gold belts of Liberia, Sierra

Leone and Cameroon

Company Highlights

3

1.5 Moz


Share Capital Summary

Major Shareholders

BlackRock

JP Morgan

Mackenzie

RBC AM

Macquarie Bank

Investec Asset Management

Sprott

Goodman

Capitalisation Summary

Shares on Issue 117,302,148

Options 9,900,994

Fully Diluted 127,203,142

Shareholder distribution

UK & Europe 74%

Canada 25%

Other 1%

Analyst Coverage

Louise Collinge Evolution Securities

(BUY, TP: 167p)

Jonathan Guy RBC Capital Markets

(OUTPERFORM, TP: 120p)

Brock Salier GMP Europe

(BUY, TP:130p)

4

Balance Sheet

Cash (end of May) US$48.3m

Stellar Diamonds Stake (Apr 26, 2011) US$2.9m


Board of Directors

5

CEO & Director: David Reading Mr Reading has significant expertise in the global mining industry with

over 35 years' experience across the fields of exploration, feasibility,

project development and mining. Mr Reading has an MSc in Economic

Geology and has held senior positions with leading mining companies.

He is the former CEO of European Goldfields and the former General

Manager of African exploration for Randgold Resources. In addition, he

has held senior exploration and project development positions for Anglo

American and Phelps Dodge.

Non-executive Director: Luis da Silva Mr da Silva is CEO of TSX-V/AIM-listed Afferro Mining Inc. He gained his

extensive international experience with multinationals Lafarge SA and

Blue Circle Industries Plc. Mr da Silva is a graduate Mining Engineer

from Camborne School of Mines and read for his MBA at the Cranfield

School of Management. He is a non-executive Director of Stellar

Diamonds Plc.

Non-executive Director: David Beatty Mr Beatty is CEO of Rio Novo Gold Inc. He is a graduate of Cambridge

University and Harvard Business School, where he gained his MBA. He

has successfully executed over $20 billion in mining M&A and financing

in over 70 countries and is a former head of Westwind / Thomas Weisel

Partners. In 1997, Mr Beatty was part of the TSX/OSC Mining Standards

Task Force.

Non-executive Chairman & Director:

David Netherway Mr Netherway is a mining engineer with over 35 years experience in the

mining industry. He was until the recent takeover by Gryphon Minerals

Ltd (GRY-ASX), the CEO of Shield Mining Limited. He is also a former

director of Afcan, Orezone Resources Inc. Kazakhgold Ltd and Equigold

NL. He is a mine developer and operator who was involved in the

construction and development of the Iduapriem, Siguiri and Kiniero gold

mines in West Africa. Mr Netherway is currently the Chairman of TSX-

V/AIM listed Afferro Mining Inc, GMA Resources plc (GMA-AIM) and

Altus Strategies, and a non-executive director of Gryphon Minerals Ltd

(GRY-ASX) and Altus Resource Capital Ltd (ARCL-LSE).

Non-executive Director: Jean-Guy Martin Mr. Martin is a chartered accountant and a certified public accountant

(Illinois) with over 35 years experience in the financial reporting, auditing

and transaction areas. Mr. Martin has recently retired from

PricewaterhouseCoopers LLP (“PwC”) after serving 35 years with the

Firm in Canada of which the last 25 years were as a partner. Mr. Martin

has advised various multinational companies looking to complete

acquisitions and divestitures. Mr. Martin has held a number of senior

partner positions during his career with PwC. His industry experience

spans many market sectors, including mining, energy and utilities,

industrial products, and forest and paper. He has assisted numerous

international clients, such as Rio Tinto Alcan, Bain Capital, Blackstone,

Domtar and Hydro-Québec in several cross-border transactions.

Non-executive Director: Adrian Reynolds Mr Reynolds has more than 30 years in the exploration, development

and mining industry with a focus on gold. He has an MSc in Geology and

a GDE in Mining Engineering. Adrian was part of the executive team at

Randgold Resources that developed the highly successful company

strategy and was responsible for compiling the feasibility studies for the

Morila, Loulo and Tongon gold mines all situated in West Africa.

Currently he is an independent consultant and is also a non-executive

director of Digby Wells Environmental, one of the foremost mining

environmental consultancies in Africa.


• Dr Martin White, Chief Operating Officer

Martin is a mining engineer with over 25 years experience in mine development and production operations and has held senior

management roles with African gold producers JCI and Ashanti Goldfields

• Bevan Metcalf, Chief Financial Officer

Bevan is a chartered accountant with 27 years global experience in the pharmaceutical and mining industries. He has been

CFO with African Aura / Afferro Mining since 2008

• Dr Richard Latiff, General Manager – Exploration

Richard obtained his PhD in structural geology from the University of Southampton in 1993. He is recognised as an expert on

the Liberian Archean gold deposits and has been involved in all of the company‟s gold finds over the past 14 years

• Julius Ronnie Addy, Liberia Country Manager

Ronnie has been the African Aura resident Country Manager since 2000. He holds both a BA degree in Accounting and an

L.L.B. degree from the University of Liberia

• Andrew Bishop, Financial Controller

Andrew holds a MEng in Chemical Engineering and is a Chartered Accountant. Andrew was previously Manager of Finance

Projects for Crew Gold Corporation before joining Aureus

• Stephen Dorbor, Senior Geologist

Stephen holds a BSc in geology and has been a leading member of the Liberian exploration team for the past 14 years.

Through his extensive local knowledge he is a key member of our Environmental and Local Community action group

• Kow Quartey, Senior Resource Geologist

Kow received a BSc (Hons) degree in Geology from Kumasi University of Ghana and has 10 years experience in gold

exploration and resource estimation. Before joining Aureus, Kow held a number of senior exploration positions with Goldfields of

Ghana

Management Team

6


Man Craton: New Gold Province

7

KM

o 300 600

MAN CRATON

Aureus Management / Board involved in the discovery, feasibility, construction or operation

New Liberty


• Democratically elected government

since 2006

• Madame Ellen Johnson-Sirleaf:

Africa‟s first female Head of State

• US$16 billion foreign direct investment

in the mineral, oil and agricultural sectors

• Redevelopment of port and electricity

grid in Monrovia

• Sustained UN and US commitment

• Underexplored for gold

Country Overview: Liberia

8


New Liberty: Excellent Road Access

9

Tarmac Road from Monrovia to

Sierra Leone (80km to turn off)

New Laterite Road (20km)


0 – 0.8

0.8 – 2.0

2.0 – 4.0

> 4.0

Au g/t

1.75km

500m

Larjor Latiff Kinjor Marvoe

Underground

Potential

New Liberty: High Grade Gold Project

• Resource and grade increased to:

– Indicated: 5,599,000t at 4.17 g/t (for 751,000 ounces)1

– Inferred: 7,040,000t at 3.40 g/t (for 762,000 ounces)1

• Open in all directions along dip and strike

• 27,736m drilling completed to outline the current resource

10

1 Cut off grade = 1 g/t


New Liberty: Geology

11

A2

A1

B1

B2

C1

C2

Amphibolite Gneiss

LEGEND

Ultramafic Schist

Granitic Migmatite

Fault

Proposed Pit Outline

Previous Resource Holes (K001-K171)

Planned Holes

Holes Completed (K180-K214)


New Liberty: Feasibility Drilling

12

Previous Resource Holes (K001 to K171)

Holes Completed (K180 to K214)

Planned Holes

• 20,000m Infill programme in progress

• 8,200m Completed to date


In Situ Ounces 845,900

Total Ore Tonnes Milled 7,300,000

Mined Head Grade 3.6 g/t

Process Recovery 93%

Ore Tonnes Milled p.a 850,000

Gold Ounces Recovered 786,700

Strip Ratio 18.9 : 1

Total Capital Costs US$98 million

Gold Production will average 100,000 ounces

for first five years

Indicated

Inferred

Resource Category

Entire Indicated Resource falls within open pit

US$1,100 Au US$1,200 Au

Pre-tax NPV @ 10% US$234 million US$285 million

IRR 73% 85%

Payback < 2 years 1.3 years

Gold Cash Cost US$484 / oz US$484 / oz

New Liberty: PEA

13


New Liberty: Feasibility Work

• DFS consultant for tailings

dam design appointed

• Environmental baseline

studies to be completed

August 2011

• Geotechnical drilling

completed

• Infill drilling: 8,200m

completed, a further

11,800m planned

• Process design contractor

appointed

• Metallurgical test work

studies started

14

Tailings

Waste Facility


Q3 2011

Reserve

Definition

Drilling

1.75 km

New Liberty: DFS Milestones

15

Q3 2011

Final

metallurgical

test work

Q3 2011

Final open

pit mining

plan

Q3 2011

Completion

of EIS

Q4 2011

Completion

of DFS


Gondoja

Large artisanal area.

Reconnaissance drilling:

36m @ 3.3 g/t

Ndablama

Drilling under way.

Trench results

include:

70m @ 1.4 g/t

70m @ 1.0 g/t

44m @ 1.0 g/t

24m @ 1.8 g/t

19m @ 1.5 g/t

Weaju

Intercepts including

24m @ 33.0 g/t

34m @ 19.9 g/t

12m @ 10.0 g/t

Silver Hills

Significant artisanal

workings.

Trenching programme

under way.

NEW LIBERTY

GOLD PROJECT

Mining Licence: Exploration Upside

• Class ‘A’ mining licence valid for 25 years

(457km2)

• A pipeline of gold targets – 100% ownership

• Limited historic

exploration

16

30 KM


New Liberty: Extension Targets

17

Airborne Magnetic Data: Analytical Signal

0 2

Kilometres

Target 1a

New Liberty

Target 2

Legend

IP Grid Covered

River

IP Survey Polygon

N

Target 3

Target 1b


Trench From

(m)

To

(m)

Length

(m) Mean Au g/t

NT1 0 70 70 1.4

NT2 16 86 70 1.1

NT3 0 44 44 1.0

NT7 0 24 24 1.8

NT9 56 88 32 1.1

NT13 34 89 55 2.2

NT17 68 147 79 2.2

Ndablama

18

Trench Assay

Soil Grid

• Vertical and shallow dipping mineralised

zones

• 6000m diamond drill programme planned

for september

Hole ID From

(m)

To

(m)

Length

(m) Mean Au g/t

NDD001 2 9 7 1.4

14 30 16 2.4

38 54 16 1.2

NDD003 20 28 8 6.0

NDD006 90 99 9 1.6

NDD007 26 44 18 1.3

NDD009 31 41 10 2.3

NDD010 26 43 17 1.2

NDD011 40 50 10 2.8

NDD012 24 38 14 2.9

Trench Results

Drilling Results


Weaju Intersection Highlights

Hole Width

(m) Grade (g/t)

Hole Width

(m) Grade (g/t)

W-1 24 33.0 W-42 7 4.6

W-1 22 3.5 W-45 10 6.1

W-2 22 4.5 W-15 1 3.1

W-5 34 19.9 W-19 16 3.6

W-7 4 15.1 W-20 28 3.1

W-9 18 4.5 W-24 3 3.4

W-38 2 3.8 W-40 10 3.7

W-41 1 9.2 W-28 6 27.7

W-13 12 10.0 W-47 2 3.2

Weaju

• Only 30km from New Liberty

• Similar geology to New Liberty

• Near surface, truckable ore

• 6000m diamond drilling programme in September

19


Mining Licence:

2011 Exploration Programme

20

• Drilling contracts signed for 6 diamond

rigs and 36,000m

• Focused exploration programme in

progress in New Liberty area, Weaju,

Ndablama and Gondoja:

- Gridding and soil surveys

- Ground geophysics (magnetics

and induced polarization )

- Trenching

- Geological mapping

- Diamond drilling


• Hold 1500km2 in two gold licences within Archean rocks (Ntem) and

mobile belt (Batouri).

• Resource drilling programme at Kambele (Batouri permit) highlights

intersects of:

4.99 g/t over 9m

5.52 g/t over 5m

65.9 g/t over 2.67m

43.3 g/t over 1.50m

• Very high stream sediment (>1g/t) anomalies outlined in

schist belt within Ntem permit

Department of Mines and Geology Cameroon (1979)

Aureus Mining in Cameroon

21

Batouri

Ntem


Aureus Mining in Sierra Leone

• Aureus has a 49% interest

in the Sonfon Gold Project

• Currently being explored

by Golden Star Resources

(TSX: GSC, AMEX: GSS)

• Induced polarization survey

completed

• 3,000m core drilling

programme completed –

results pending

22


Source RBC Capital Markets (June 14, 2011) 1 Measured and Indicated resource grade shown in grams per tonne. Volta figure shown for the Kiaka deposit only

Valuation Comparatives

23

EV/Total Resources (US$/oz)

• Aureus trades at a lower multiple relative to its peers (African gold explorers and developers)

• Aureus‟ M&I resource grade is significantly higher than many of its peers

- 1.8 2.0 1.7 1.1 1.9 2.1 1.1 1.0 1.2 1.0 1.6 3.9 2.4 1.7 4.2 M&I Grade (g/t)1

268

214

197

180

157

142

114

106

86

79

72

61

55

48

63

66

Average = US$119/oz

Gry

ph

on

Pap

illo

n

Am

pella

Ad

am

us

Pers

eu

s

No

ble

Azu

mah

Hu

mm

ing

bir

d

Vo

lta

Keeg

an

Ore

zo

ne

Go

ld

Oro

min

PM

I G

old

Clu

ff

Ban

ro

Au

reu

s


Q3 2011

Reserve

Definition and

Exploration

Drilling

Q3 2011

Finalise DFS

Inputs for

Metallurgy,

Open Pit,

Tailings,

Environmental

Q4 2011

• New Liberty

Reserves

Filed

• Resource

Update on

Exploration

H1 2012

Commence

Civil

Construction

Order Mills

H2 2013

Commence

Production at

New Liberty

Aureus: Milestones

24

Complete DFS


• High grade resource – open in all directions

• PEA outlines robust open pit project at US$1,100 gold price

• Strong Board of Directors and management team with West

African track record

• Excellent exploration upside within 457km2 mining license

• Exploration pipeline outlined in three countries

• In situ ounces trade at a discount to peer group average

• On track for production in second half of 2013

Key Investment Highlights

25


NI 43-101 Mineral Resources

Zone

Indicated Inferred

Tonnes

(Kt)

Au Tonnes

(Kt)

Au

(g/t) (KOz) (g/t) (KOz)

Larjor 1,637 4.37 230 2,109 3.50 234

Latiff 1,080 5.03 175 380 4.20 51

Kinjor 1,449 4.26 198 2,310 3.80 280

Marvoe 1,433 3.21 148 2,230 2.80 198

Total 5,599 4.17 751 7,040 3.40 762

Notes:

1. CIM definitions were used for Mineral Resources.

2. A cut-off of 1.0 g/t Au is applied for all zones.

3. Due to rounding, some columns or rows may not add up exactly to the computed totals.

Appendix 1: New Liberty Resource

26


Appendix 2: New Liberty:

Extensions and Other Targets

27

Airborne Magnetic Data: Reduced to Pole


Appendix 3: Weaju, Ndablama

& Gondoja: Magnetic Survey

28

Airborne Magnetic data: First Vertical Derivative


Year Project Status

’98 – ’00 Exploration Licence granted covering roughly 1,000km2

Reconnaissance exploration between civil wars

’01 – ’03 Mineral Development Agreement granted for 25 years

Period of force majeure during civil war limits exploration work

’03 – ’06 Interim transitional government

’06 – ’09 Democratically elected government in place

’09 – ’10 Class „A‟ mining licence granted for production area of 457km2

Definition drilling undertaken

2010 NI 43-101 Resource filed on New Liberty Gold Project

Preliminary Economic Assessment filed for New Liberty

Appendix 4: Bea Mountain History

29


Trench From

(m)

To

(m)

Length

(m) Mean Au g/t

NT1 0 70 70 1.4

Incl.4 12 8 5.2

NT2 16 86 70 1.1

Incl.77 86 10 1.6

NT3 0 44 44 1.0

Incl. 36 43 7 1.8

NT7 0 24 24 1.8

Incl. 14 22 8 3.0

NT8 35 40 5 1.7

NT9 56 88 32 1.1

NT10 36 55 19 1.5

NT13 34 89 55 2.2

113 121 8 1.2

NT16 60 67 7 1.0

20 42 22 0.6

NT17 68 147 79 2.2

NT18 6 10 4 1.3

15 18 3 3.2

NT21 12 20 8 1.0

38 45 7 1.1

NT23 36 46 10 0.5

NT29 115 148 33 0.8

122 134 12 1.3

Appendix 5: Ndablama: Soil

Anomaly and Trench Results

30

Trench Assay

Soil Grid

0 100 200

NT29

NT22

NT17

NT42

NT43

NT21 NT16

NT13

NT12

NT6

NT3 NT7

NT1

NT4

NT8

NT27

NT28

NT15

NT14

NT11

NT9

NT2

NT5

NT36

NT32

NT18

NT10

NT23

NT39

NT41

NT40

NT38

NT34

NT33

NT35

NT37

N


Appendix 6: Ndablama:

Diamond Drilling Results

31

Drilling Assay

Hole ID From

(m)

To

(m)

Length

(m) Mean Au g/t

NDD001

2 9 7 1.4

49 53 4 1.4

56 60 4 2.8

NDD002

14 30 16 2.4

38 54 16 1.2

64 67 3 8.7

NDD003 20 28 8 6.0

45 49 4 1.9

NDD004 26 28 2 1.7

42 54 12 0.6

NDD005 NSV

NDD006

28 54 26 0.5

64 69 5 2.6

90 99 9 1.6

NDD007 16 22 6 1.8

26 44 18 1.3

NDD008 0 3 3 1.1

NDD009 15 23 8 0.7

31 41 10 2.3

NDD010 26 43 17 1.2

65 73 8 1.3

NDD011

17 20 3 4.2

29 32 3 5.4

40 50 10 2.8

NDD012 24 38 14 2.9

NDD013 NSV

NDD014 4 12 8 1.1

NDD015 NSV

Soil Grid

0 100 200

NDD013

NDD014

NDD015

NDD010

NDD012

NDD008

NDD005

NDD006

NDD003

NDD001

NDD011

NDD002

NDD007

NDD009

NDD004

N


Appendix 7: Community Focus

32

Infrastructure

• Built 50km of new roads

• Four new bridges

• Refurbishment of numerous bridges along

the Lofa River

Health

• New Medical Centre at Kinjor

Education

• Built schoolsat Weaju and Kinjor

• Sponsored numerous University degrees at

local and overseas Institutions

• Payment of teachers at three schools


Appendix 8: Community Focus

33

Employment

• Employ 60 skilled Liberians directly

• 100 Contract jobs

• Support community employment for

supplies and consumables

Community

• Water well projects in three communities

• Refurbishment of community centres &

town halls

Future

• Relocation and housing of local village

• Power generation initiatives

• Sponsor mining MSc‟s

• Farming irrigation initiative


• Stable government for over 20 years

• Diverse economy

• Good infrastructure

• Major hydro-electric power generator

• Underexplored for gold

34

Appendix 9: Cameroon Country Overview


Appendix 10: Batouri Project

• Four prospects defined

• Artisanal workings define

16km-long mineralised corridor

• Systematic soil and stream

sampling over majority of

licence completed

• Induced polarization resistivity /

radiometric survey completed

• 12 trenches complete

• 95 diamond drill holes

complete across two prospects

35


Appendix 11: Batouri Project

• 3.5km soil anomaly co-

incident with hard rock

artisanal gold workings

• Granite-hosted quartz

vein and stock work

deposit

• Visible gold identified in

25 holes

• Intercepts include:

− 4.99 g/t Au over 9m

− 5.52 g/t Au over 5m

− 65.9 g/t Au over 2.67m and

− 43.3 g/t Au over 1.50m

36


Appendix 12: Ntem, Cameroon

37

200 to 400 50 to 200 15 to 50

1 to 15 0 to 1

Gridded Soils With Stream Sediments


Thank you

38

new gold province new gold player - avesoro

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