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| Avocet is a focused West African gold mining and exploration company with its primary operations in Burkina Faso and Guinea. The company is listed on the London Stock Exchange and the Oslo Børs. |
| Avocet currently operates one gold mine, Inata in northern Burkina Faso, and has a pipeline of exploration projects in Burkina Faso, Guinea and Mali. The deposit at Inata presently comprises a Mineral Resource of 3.47 million ounces and a Mineral Reserve of 1.46 million ounces. Inata poured its first gold in December 2009 and is expected to produce approximately 160,000 ounces of gold in 2011. |
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Focused on gold mining and exploration in West Africa |
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Consistent production from
the Inata mine in Burkina Faso |
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Extensive exploration pipeline
in three countries delivering organic growth |
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Strong balance sheet supports development and exploration |
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Entrenched management
team with extensive African experience |
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Delivered real returns to investors |
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| Other assets in West Africa include exploration permits in Burkina Faso (the most advanced prospect being Souma, some 20 kilometres from Inata, with a Mineral Resource of 561,100 ounces), Guinea (the most advanced being Koulékoun with a Mineral Resource of 1.47 million ounces) and Mali. |
| Avocet's gold mining and exploration operations were historically located in South East Asia. In June 2009, we acquired Wega Mining and, through it, our operations in West Africa. Following this acquisition, the decision was taken to divest of our South East Asian Assets in order to focus on the highly prospective gold region of West Africa. |
| Avocet's vision is to be a leading West African gold mining and exploration company. We aim to become a 500,000 ounce per annum gold producer over the next five years, with long life mines, a broadly sustainable ten year reserve base, and a pipeline of exploration prospects supporting future growth. |
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| Brett Richards – 08 Dec 2011 |
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| Mike Norris – 08 Dec 2011 |
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