Kalsaka/Sega, Burkina Faso

Highlights
Kalsaka is a producing gold mine in Burkina Faso operated by Amara Mining (78%). Kalsaka and neighbouring Sega (which is due to begin production in Q3 2013), are expected to produce 50-60,000 ounces of gold in 2013.


Kalsaka produced over 53,000 ounces in 2012.

As at 31 December 2012, Kalsaka had an estimated 38,000 ounces of proven and probable reserves, at an average grade of 1.4g/t. Inclusive of the mineral reserves, it hosted 269,000 ounces of gold in the measured and indicated categories, at an average grade of 1.3g/t, with an additional 178,000 ounces of gold in the inferred category at 1.3g/t, in the current mine area.


Kalsaka's production profile was enhanced by the recent acquisition of the neighbouring Sega project.  Located 20km north of Kalsaka, Sega hosts an Indicated Resource of 450,366oz (8.3Mt at 1.69 g/t) and an Inferred Resource of 147,344oz (2.9Mt at 1.58g/t), providing an opportunity to enhance Kalsaka’s production profile with limited upfront capital expenditure. The Company plans to start mining at Sega in Q3 2013, and a preliminary economic assessment on Sega is underway.


The other interests in the project are held by the government of Burkina Faso (10% non-dilutable, free-carried) and a local entity IMAR-B (12%).


Basis for Technical Disclosure
The technical information contained on this webpage, and more generally contained on this website pertaining to Kalsaka, is based on the technical report entitled "Technical Review of the Kalsaka Gold Mine, Burkina Faso" dated as of October 16, 2008 and prepared by Dr. Mike Armitage who is a "qualified person" (as such term is defined in National Instrument 43-101 - Standards of Disclosure for Mineral Projects) and is independent of Amara Mining plc. A copy of the report can be found by clicking on the link entitled "Kalsaka NI43-101.pdf" under "Related Links".