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| Avocet is an exclusively West African gold mining and exploration company. We currently operate one gold mine, Inata, in Burkina Faso, and have a pipeline of exploration projects across 21 exploration licenses in Burkina Faso, Guinea and Mali. Avocet's exploration licences at Bélahouro in Burkina Faso cover approximately 1,660 km2, whilst at our other main project, Tri-K in Guinea, we have exploration license covering approximately 986 km2. |
| All of Avocet's exploration mining licenses are located within the highly prospective Birimian greenstone belt that dominates West Africa's geological landscape. |
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| Within the Inata mine license area a Mineral Resource of 3.46 million ounces has been and a Mineral Reserve of 1.85 million ounces has been proven. At the Souma project, which is within the Bélahouro region but outside of the Inata mine license area, a further Mineral Resource 0.56 million ounces has been defined. The Inata mine produced 167,000 ounces of gold in 2011. In 2012, the Inata mine is expected to produce approximately 160,000 ounces of gold. |
| An exploration programme in the Tri-K Block of permits in Guinea is ongoing and is focused on three main licences - Koulékoun, Kodiéran and Kodiafaran. The most advanced of these is Koulékoun with a Mineral Resource estimate of 1.83 million ounces. Kodiéran is the second largest with a maiden Mineral Resource of 0.41 million ounces. |
| Avocet's gold mining and exploration operations were historically located in South East Asia. These assets were sold in June 2011 for US$200 million in cash. |
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| Brett Richards – 08 Dec 2011 |
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| Mike Norris – 08 Dec 2011 |
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