Here's a transcript of our recent podcast interview with the CEO of African Aura Mining (LON:AAAM), Luis da Silva. You can also listen to the original podcast here.
I: Luis, thanks very much. Given the announcement this morning, thank you very much for taking the time to speak to Stockopedia News on what must be a busy day.
R: It’s a pleasure. Thank you for having me on Stockopedia.
I: Before we turn to our contributors' questions, could you please start by giving us a brief introduction to African Aura Mining for those listeners who don’t already know the company well?
R: Well African Aura have a history as an established exploration development company, its listed in Toronto, TXS and on AIM in London and it has historically had three divisions; gold, which was the preferred commodity, more latterly diamonds and more recently iron ore. The company, the last three years, has set about creating transparency through value in all three divisions. That culminated with the diamonds being listed on AIM as Stellar Diamond plc on 22nd February and we are now advancing our key projects in iron ore in Liberia and gold in Liberia as well as in the Cameroon. The company was created… the enlarged company was created through the merger of the old African Aura Resources and Mano River Resources in October 2009. So that integration process is complete I would say, we are just finishing our year end audit and that’s where the company stands today.
I: Thanks very much. So turning to the first question from our listeners, what do you see as the key operational objectives, challenges and milestones for the remainder of 2010?
R: Well very simply having, as I said, created Stellar Diamonds and listed Stellar Diamonds, we have now been diluted to a 32% holding in that, so that is a pure investment now, if you like. Stellar Diamonds is a pure play autonomous company. The objectives are for the company are to advance the key properties in gold and iron ore and potentially look at how we can create more shareholder value because the market has an appetite for pure play companies. So the key milestones are to delivering revised resource statements for the New Liberty Gold Project in the middle of…
