Amara Mining (LON:AMA) - Est Yaoure resource update value

Mar 15th 2013 - Edison Investment Research today published a report on Amara Mining (AMA.L, LSE:AMA, LON:AMA) entitled "Est Yaoure Resource Update Value". In summary, the report says:

In August 2012, Edison wrote a report on Amara in which we estimated a resource at Yaoure of 1.8Moz from the 42 holes drilled at that time on the north-south structures. Since then, Amara has announced the results of an additional 45 new holes plus 11 deepened holes. At this stage Edison has not increased its resource estimate as a result of the additional drilling, although our confidence in our estimate has increased. We also recognise the potential for material growth in the resource in the longer term. Edison estimates that an initial resource of 1.8Moz at Yaoure (expected in Q1 or early Q213) has the potential to add 5 US cents (3p) to AMA’s share price and in the...