Feb 26th 2013 - Edison Investment Research today published a report on Mwana Africa (MWA.L, LSE:MWA, LON:MWA) entitled "As Promised…". In summary, the report says:
Mwana Africa has today announced a 31% (or 618koz) increase in gold resources at its 80%-owned Zani-Kodo project in the Democratic Republic of the Congo, from 2.0Moz to 2.6Moz. Of particular note was the 22.0% increase in ‘indicated’ ounces at Kodo Main and a maiden resource contribution from Lelumodi of 443koz, achieved at the same cut-off grades as the previous resource statement (0.50g/t).
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