Amara Mining plc ("Amara" or "the Company") (formerly Cluff Gold
plc) (AIM:AMA) (TSX:AMZ), the dual AIM and TSX listed West African
focused gold mining company, is pleased to announce a resource
update for the Company's 100% owned Baomahun Gold Project
("Baomahun") in Sierra Leone.
Highlights:
-- Increased resource in the indicated category through addition of low
grade halo around the existing high grade core: updated resource of
38.4Mt at 1.82g/t totalling 2.24Moz in the indicated
category1(previously 25.6Mt at 2.50g/t totalling 2.06Moz2)
-- High grade core of mineralisation maintained at 23.0Mt at 2.60g/t
totalling 1.92Moz in the indicated category
-- Updated resource model significantly more robust following structural
re-analysis
-- Additional exploration targets identified
-- On track for first gold production in 2015 with the Feasibility Study
expected to be completed in H1 2013
1. Using a 0.5g/t cut-off within a US$1,600/oz open pit shell and a 2.0g/t
cut-off for resources suitable for underground mining
2. Using a 1g/t cut-off within a US$1,500/oz open pit shell and a 1.5g/t
cut-off for resources suitable for underground mining. See the technical
report entitled "A 43-101 Technical Report, Mineral Resource Estimate at
the Baomahun Gold Project" dated October 2011.
Peter Spivey, Chief Executive Officer of Amara, commented:
"The completion of the resource update for Baomahun, following
the additional structural work, is a key step on our path to
delivering long term value at the project. Not only does this
represent a robust geological model for the development of our
feasibility study, it also significantly increases our
understanding of the genesis of the Baomahun deposit, highlighting
a number of additional near term exploration targets and assisting
with the long term exploration of our tenements. With the new
geological model we move forward with increasing confidence as we
complete the work required to develop Baomahun."
Management Conference Call
The management team of Amara will host a conference call for analysts and
investors at 9:30am UK time today. Dial-in details are as follows:
Dial in number: +44 (0)20 33645381
Participant PIN Code: 8748028
A second conference call will be hosted at 9:30am EDT/2:30pm UK time today
for North American analysts and investors. Dial-in details are as follows:
USA +1 212 444 0412
Other parts of the world +44 20 3450 9987
Participant PIN Code: 9425939
Structural Reinterpretation of the Baomahun Mineralisation
Following an internal review, Amara commenced a re-analysis of
the structural controls on the gold mineralisation in the formation
of Baomahun led by Dr Leslie Wright, an expert in structural
geology with previous knowledge of the licence area. The work
involved the re-logging of core samples in conjunction with
additional structural mapping of the deposit. This work has
confirmed the close relationship of gold mineralisation with
various structural domains and mylonitised shear zones. This
thorough understanding of the structural controls is vital not only
for resource modelling, but also to understand the potential for
additional resources defined in the project area.
The new geological model was prepared with an improved
understanding of the geometry of the resource. Dr Wright's work
pointed to two stages of contractional deformation which resulted
in the sequential development of two major sets of folds. Gold
mineralisation is interpreted to have initiated during the first
phase of folding, and culminated during the second phase of
folding, which defined the peak of deformation. Both sets of folds
are defined by the geometry of key lithological markers in the
subsurface.
A mineralised envelope was defined and modelled by Dr Jun Cowan,
Principal Structural Geologist of Orefind Pty Ltd in Australia, and
the conceptual founder of Leapfrog mining software. The envelope
was defined at a 0.1g/t cut-off incorporating the structural
observations of Dr Wright. The model also incorporated new
structural insights made by Dr Cowan by modelling the data at the
deposit scale using Leapfrog software, which independently was able
to verify the fold geometries controlling the gold mineralisation.
The aim was to use all of the mineralised material to inform the
modelling process. These wireframes were then reconciled against
the drill hole database.
Grade interpolation was completed using a local indicator
kriging method. This work was completed in house with the
assistance of AMC Consultants (UK) Ltd ("AMC"). This is a more
sophisticated method of mapping the grades into the block model
than the ordinary kriging methodology previously employed, which
can have a tendency to smooth the grade distribution. It also deals
with the high grades values present in the Baomahun deposit by
limiting their sphere of influence relative to the lower grade
material and allows for a better definition of high grade shoots.
This new model will allow a more realistic resource schedule and
optimised open pit to be prepared for the Baomahun feasibility
study, work on which is now ongoing.
Additional Exploration Targets Identified
Drilling work has also recommenced at Baomahun, initially
targeting five new zones within the resource area, which were
highlighted by the re-analysis of the structural controls on the
gold mineralisation. By definition, these targets mainly lie within
areas of the pit shell that have been classified as waste and hence
the discovery of additional mineralisation will have an enhanced
impact on the overall project, in terms of grade and strip
ratio.
Updated Resource Estimate
The updated resource is largely unchanged from the previous
resource in terms of quantity of ounces. It confirms the presence
of a robust high grade core to the deposit and recognises the
presence of a more substantial lower grade halo than was previously
estimated.
The resource estimate has been verified by SRK Consulting (UK)
Limited ("SRK") in accordance with the Canadian Institute of Mining
and Metallurgy and Petroleum ("CIM") Standards on Mineral Resources
and Reserves as recognised by National Instrument 43-101 "Standards
of Disclosure for Mineral Projects" of the Canadian Securities
Administrators ("NI 43-101"). In order to satisfy the requirement
for the mineral resource to show potential for economic extraction,
the mineral resource estimate comprises mineralisation above a
0.5g/t cut-off and falling within an optimised pit shell derived
using a US$1,600/oz gold price, plus mineralisation below this but
above a 2g/t cut-off which SRK considers is potentially amenable to
underground mining. Further details of the resource estimation
parameters are set out in Appendix 1.
----------------------------------------------------------------------------
Tonnes (Mt) Grade (g/t) Gold (Moz)
----------------------------------------------------------------------------
Open Pit Indicated 34.9 1.62 1.82
Inferred 3.4 1.15 0.12
Underground Indicated 3.5 3.80 0.43
Inferred 3.2 3.95 0.41
Total Indicated 38.4 1.82 2.24
Inferred 6.6 2.52 0.54
----------------------------------------------------------------------------
1. Using a 0.5g/t cut-off within a US$1,600/oz open pit shell and a 2.0g/t
cut-off for resources suitable for underground mining
Whilst the overall grade of the mineral resource is lower than
previously estimated (due to the lower cut-off grade: now 0.5g/t,
previously 1g/t), the high grade core of the mineralisation has
been retained. In addition, a significant number of additional
tonnes of material previously regarded as waste have been
interpolated as part of the updated resource wireframe model to
produce a lower grade ore domain between and surrounding the
previously defined high grade domains. This will have a beneficial
impact on the eventual strip ratio.
For comparative purposes, a summary of the total resource
estimate announced in September 2011 is compared to the updated
mineral resource as at November 2012 in the table below. The
September 2011 resource used a 1g/t cut-off for the open pit
material and a 1.5g/t cut-off for the underground material and was
optimised for potential open pit mining using a US$1,500/oz gold
price. The updated mineral resources (combined open pit and
underground) have been set out below using the same cut-off grades
and optimisation parameters.
----------------------------------------------------------------------------
As at November 2012 As at September 2011
----------------------------------------------------------------------------
Tonnes Grade Gold Tonnes Grade Gold
(Mt) (g/t) (Moz) (Mt) (g/t) (Moz)
----------------------------------------------------------------------------
Indicated 23.0 2.60 1.92 25.6 2.50 2.06
Inferred 5.0 3.25 0.52 9.6 2.79 0.86
----------------------------------------------------------------------------
1. Using a 1g/t cut-off within a US$1,500/oz open pit shell and a 1.5g/t
cut-off for resources suitable for underground mining
2. This should not be considered to be a mineral resource and has simply
been derived in this manner to provide a like with like comparison to
the 2011 estimate
This demonstrates that the high grade core of the mineralisation
of Baomahun has been retained within the updated resource model,
albeit with a slight fall in total contained metal primarily within
the inferred category.
Strategy for Baomahun
Amara's strategy for Baomahun remains focused on delivering the
feasibility study for the near term production opportunity whilst
continuing to explore and demonstrate the long term resource
potential for the area.
Amara's target to commence gold production at Baomahun in 2015
is intact. Delivering the feasibility study in H1 2013 will allow
construction to commence at the start of the dry season in November
2013 and first gold to be poured in H2 2015. Work for the
feasibility study is focused on the following:
-- Optimising the scheduling of the mine to allow the high grade core to be
processed in the early years of production in the currently envisaged
2Mtpa plant to produce a robust payback
-- Reviewing the economic case for expanding the plant to 4Mtpa after the
initial payback to allow production to remain at a high level while the
lower grade material is processed
-- Crystallising the opportunity for hydro-electric power to provide a low
cost production environment allowing for the lower grade material to be
processed economically
The structural work also highlighted the significant potential
that lies at depth below the current pit. High grade shoots are
seen to improve with depth and structural work points to these
structures coalescing. Our intention is to also investigate the
depth potential of the deposit to evaluate the opportunity to
maintain the production rate once lower grade material is being fed
from the open pit by blending higher grade ore from underground
sources. This is not expected to form part of the initial
feasibility study.
Long term exploration potential
The new structural interpretation of the Baomahun deposit has
also highlighted opportunities for long term resource growth
through exploration. Drilling has recently recommenced following
the cessation of the wet season in Sierra Leone, focused initially
on targets within the existing resource area. The re-analysis
highlighted five new targets with the potential to convert further
areas of the currently envisaged open pit from waste to ore,
maintaining the high grade core of the orebody. An initial 3,500m
of drilling has been planned to test the five targets within the
resource area, with a further 12,000m provisionally budgeted if any
of these targets warrant further evaluation.
Amara will also continue to explore outside of the current
resource area, with a mineral resource expected for the Pujehun
South target in Q2 2013. Pujehun South is located approximately
800m north of the resource area and 36 holes have been drilled in
2012, outlining a 600m by 140m package of mineralisation. Initial
results were announced on 29 February 2012 and drilling from March
2012 to date has returned significant individual intercepts,
including:
-- 15m at 2.40g/t from 23m in hole EDH055
-- 14m at 2.14g/t from 45m in hole EDH078
-- 6m at 4.70g/t from 155m in hole EDH0107
-- 4m at 6.26g/t from 163m in hole EDH0108
However, as with the resource area, the mineralization consists
of multiple intersections, for example in drill holes: EDH061,
EDH086, EDH096 and EDH107. A full set of results from Pujehun South
received after the last drilling update announced on 29 February
2012 is included in Appendix 2.
In addition, a number of new targets have been identified within
the Makong South licence, located approximately 15km north of the
existing resource area. Sampling of artisanal workings and new
trenches has returned encouraging results, which has led to the
implementation of a more aggressive trenching campaign. A further
4,500m of trenching is expected to be completed by mid Q1 2013
which will be followed up with a 1,000m drilling programme in Q2
2013 to enable Amara to obtain a better understanding of the
controls on the mineralisation. The main target consists of a
series of artisanal workings extending in a NNW-SSE direction for
1.9km.
Quality Assurance and Quality Control
Drill intersections from in-fill drill holes both in the
Baomahun resource area and Pujehun South were calculated using a
minimum width of 2m, a cut-off of 0.5g/t and up to 2m of internal
waste. The intersections set out in Appendix 2 are from in-fill
drill holes within the resource area and do not necessarily
represent extensions to already defined zones of mineralisation.
The true thickness of the mineralisation may vary from 40% to 100%
of the intersected widths.
Drill cores for assaying were taken at a maximum of one metre
intervals and were cut with a diamond saw. One half of the core was
placed in sealed bags and sent to the Company's sample preparation
facility at Baomahun, Sierra Leone. The core samples were then
crushed to minus 4mm and split, with 1.0kg of sample pulverised
down to 95% passing 106 microns. Approximately 120 grams of the
pulverised sample were then shipped to a laboratory which is
independent of the Company - the SGS Laboratory, Tarkwa, Ghana,
where the samples were analysed for gold by fire assay using a 50g
charge. As part of the Company's QA/QC procedures, internationally
recognised standards, blanks and duplicate samples were inserted
into the sample batches.
About Amara Mining plc
Amara (formerly Cluff Gold plc) is a gold developer-producer
with assets in West Africa. The Company generates significant cash
flow through its Kalsaka gold mine in Burkina Faso, where the
production profile has been enhanced by the recent acquisition of
the neighbouring Sega project. Amara remains focused on its
objective of becoming a mid-tier producer through the development
of its Baomahun project in Sierra Leone and its Yaoure project in
Cote d'Ivoire. With its experience of bringing new mines into
production and a project pipeline spanning Burkina Faso, Cote
d'Ivoire and Mali, Amara aims to further increase its production
profile with its highly prospective exploration work across all
assets.
This report includes certain "forward-looking information"
within the meaning of applicable Canadian securities
legislation.
All statements other than statements of historical fact included
in this report, including, without limitation, the positioning of
the Company for future success, statements regarding exploration,
production estimates and future objectives of Amara, are
forward-looking information that involve various risks and
uncertainties. There can be no assurance that such statements will
prove to be accurate and actual results and future events could
differ materially from those anticipated in such statements.
Important factors that could cause actual results to differ
materially from Amara's expectations include, among others, risks
related to international operations, the actual results of current
exploration and drilling activities, the results of the Baomahun
feasibility study, changes in project parameters as plans continue
to be refined as well as the future price of gold. Although Amara
has attempted to identify important factors that could cause actual
results to differ materially, there may be other factors that cause
results not to be as anticipated, estimated or intended. There can
be no assurance that such statements will prove to be accurate as
actual results and future events could differ materially from those
anticipated in such statements. Accordingly, readers should not
place undue reliance on forward-looking statements. Amara does not
undertake to update any forward-looking statements that are
included herein, except in accordance with applicable securities
laws.
Risk Factors:
Baomahun does not have identified Proven and Probable Mineral
Reserves, which will be required as a basis for determining if
Baomahun has bodies of commercial mineralisation. The costs, timing
and complexities of upgrading the Mineral Resources at Baomahun to
Proven and Probable Mineral Reserves could have a material adverse
effect upon the Company and would materially and adversely affect
our potential mineral production, profitability, financial
performance and results of operations. Significant time and
financial requirements are needed for bringing Baomahun into
production and there can be no assurance that the Company will be
able to accomplish this by 2015, or at all.
Mineral exploration and development involves a high degree of
risk and few properties which are explored are ultimately developed
into producing mines. With respect to Baomahun, substantial
expenditures will be made by Amara to confirm Mineral Reserves
which are sufficient to commercially mine such property, and to
conclude appropriate fiscal stability agreements required to
commence commercial operations. There can be no assurance that the
Mineral Resources at Baomahun can be commercially mined or that the
metallurgical processing will produce economically viable, saleable
products. The decision as to whether a property contains a
commercial mineral deposit and should be brought into production
depends upon the results of exploration programs and/or feasibility
studies, and the recommendations of duly qualified engineers and/or
geologists, all of which involves significant expense. This
decision will involve consideration and evaluation of several
significant factors including, but not limited to: (1) costs of
bringing Baomahun into production, including exploration and
development work, preparation of feasibility studies and
construction of production facilities; (2) availability and costs
of financing; (3) ongoing costs of production; (4) market prices
for the minerals to be produced; (5) environmental compliance
regulations and restraints; and (6) political climate and/or
governmental regulation and control. With respect to Baomahun we
are currently preparing the feasibility study and economic analysis
of the proposed operations. Until such is done, there can be no
assurance that our proposed operations at Baomahun will be
profitable and there can be no assurance that the feasibility study
will be completed by H1 2013. Our ability to sell, and profit from
the sale of any eventual mineral production from any of our
properties will be subject to the prevailing conditions in the
minerals marketplace at the time of sale. The global minerals
marketplace is subject to global market conditions and changing
attitudes of investors, consumers and other end-users' demand for
gold. Many of these factors are beyond our control and therefore
represent a market risk which could impact the long term viability
of Amara and its operations.
Appendix 1: Resource Estimation Parameters
1. The estimates of mineral resources were calculated in accordance with
the definitions adopted by the Canadian Institute of Mining Metallurgy
and Petroleum ("CIM") and incorporated into NI 43-101. The mineral
resource estimate was carried out by Andrew Owusu Asante of Amara with
assistance from David Boakye of AMC and Dr Andrew Richmond of Martlet
Consultants Pty Ltd. Dr John Arthur and Dr Mike Armitage of SRK reviewed
the on-going estimation procedure and final estimates and have approved
the final Mineral Resource Statement derived from this work. Both Dr
John Arthur (CGeol FGS, CEng MIMMM) and Dr Mike Armitage (CGeol FGS,
CEng MIMMM) are Qualified Persons under the guidelines set out in NI 43-
101 and have reviewed this press release for accuracy and compliance.
2. The estimate of mineral resources may be materially affected by
environmental, permitting, legal, marketing, or other relevant issues.
For a full list of associated risk factors, please see the Risk Factors
section of the footnotes.
3. Ounces represent estimated gold content present in the tonnes of ore
which would be mined and processed. Mining recovery, dilution and mill
recovery rates have not been applied in calculating the contained
ounces.
4. In accordance with the guidelines set out by the CIM and contained
within NI 43-101, this mineral resource estimate for the Baomahun
property uses a 0.5 g/t Au cut-off within a pit shell optimised using a
$1,600/oz Au to represent that portion of the resource which has
"reasonable prospects for economic extraction" from an open pit mining
scenario. In addition the block model below this pit shell has been
interrogated using a 2.0g/t cut-off to represent those blocks with
potential to satisfy an underground mining scenario.
5. Amara's attributable portion of the mineral resource estimate is 100%.
6. Tonnes and gold figures are rounded to the nearest '000. Grade is
rounded to 2 decimal point. As a result, numbers may not add up due to
rounding
7. The geostatistical classification methodology used was based on a
combination of kriging quality results in conjunction with the drill
density and confidence in the resource wireframe model. The use of the
kriging quality methodology provides a detailed audit of the kriging
parameters used for grade interpolation and allows a sensitivity
analysis to be performed to identify the optimum search parameters to be
used for the final estimate. In the opinion of SRK this is a more
appropriate methodology for the Baomahun deposit and generates a more
robust classification.
Appendix 2 - Pujehun South drilling results
Interval lengths are not true widths. Composite intersections are based on a
minimum width of 2m and a cut-off grade of 0.5 g/t.
Internal dilution of up to 2m has been allowed for continuity. No top cut.
All holes, for which results have been received since 29 February 2012, have
been included in the table.
----------------------------------------------------------------------------
Hole From To Interval Gold UTM UTM
ID (m) (m) (m) (g/t) East North Elevation Azimuth Dip Zone
----------------------------------------------------------------------------
EDH055 23 38 15 2.4 205622 933825 426 255 45 Pujehun
South
----------------------------------------------------------------------------
EDH058 24 27 3 3.49 205556 933684 330 255 45 Pujehun
South
----------------------------------------------------------------------------
EDH059 91 99 8 0.63 205743 933501 288 255 45 Pujehun
South
----------------------------------------------------------------------------
106 113 7 0.7
----------------------------------------------------------------------------
EDH061 0 3 3 0.68 205363 934100 255 255 45 Pujehun
South
----------------------------------------------------------------------------
7 26 19 0.91
----------------------------------------------------------------------------
48 50 2 1.38
----------------------------------------------------------------------------
68 73 5 1.8
----------------------------------------------------------------------------
89 95 6 2.14
----------------------------------------------------------------------------
130 132 2 1.51
----------------------------------------------------------------------------
140 142 2 0.92
----------------------------------------------------------------------------
146 152 6 0.99
----------------------------------------------------------------------------
EDH062 12 14 2 3.63 205649 933485 250 255 45 Pujehun
South
----------------------------------------------------------------------------
106 108 2 1.92
----------------------------------------------------------------------------
114 116 2 0.83
----------------------------------------------------------------------------
EDH063 0 205323 934240 358 236 50 Pujehun
South
----------------------------------------------------------------------------
EDH077 0 205536 933446 217 255 45 Pujehun
South
----------------------------------------------------------------------------
EDH078 45 59 14 2.14 205653 933845 440 255 45 Pujehun
South
----------------------------------------------------------------------------
EDH079 0 205675 933800 425 255 45 Pujehun
South
----------------------------------------------------------------------------
EDH080 26 30 4 0.74 205702 933753 407 255 45 Pujehun
South
----------------------------------------------------------------------------
EDH081 5 10 5 2.27 205440 933911 337 255 45 Pujehun
South
----------------------------------------------------------------------------
26 29 3 0.66
----------------------------------------------------------------------------
32 36 4 3.69
----------------------------------------------------------------------------
41 51 10 2.92
----------------------------------------------------------------------------
74 76 2 1.91
----------------------------------------------------------------------------
111 113 2 9.68
----------------------------------------------------------------------------
125 128 3 1.2
----------------------------------------------------------------------------
135 139 4 1.45
----------------------------------------------------------------------------
145 148 3 0.82
----------------------------------------------------------------------------
EDH082 91 94 3 2.95 205486 933932 340 255 48 Pujehun
South
----------------------------------------------------------------------------
125 127 2 1.18
----------------------------------------------------------------------------
146 149 3 1.63
----------------------------------------------------------------------------
177 181 4 1.18
----------------------------------------------------------------------------
EDH083 0 5 5 0.9 205390 933890 326 255 48 Pujehun
South
----------------------------------------------------------------------------
38 40 2 6.9
----------------------------------------------------------------------------
62 71 9 0.84
----------------------------------------------------------------------------
81 84 3 0.8
----------------------------------------------------------------------------
EDH084 101 104 3 0.9 205698 933865 447 255 48 Pujehun
South
----------------------------------------------------------------------------
EDH085 44 47 3 1.1 205646 933838 440 255 48 Pujehun
South
----------------------------------------------------------------------------
55 56 1 10.55
----------------------------------------------------------------------------
EDH086 47 54 7 1.8 205560 933917 398 255 48 Pujehun
South
----------------------------------------------------------------------------
152 158 6 1.74
----------------------------------------------------------------------------
170 177 7 1.43
----------------------------------------------------------------------------
220 226 6 0.56
----------------------------------------------------------------------------
EDH087 121 125 4 0.51 205730 933817 432 255 48 Pujehun
South
----------------------------------------------------------------------------
EDH089 133 137 4 0.54 205785 933797 420 255 48 Pujehun
South
----------------------------------------------------------------------------
EDH090 205817 933767 375 255 48 Pujehun
South
----------------------------------------------------------------------------
EDH092 205242 934096 239 255 45 Pujehun
South
----------------------------------------------------------------------------
EDH093 205261 934058 224 255 45 Pujehun
South
----------------------------------------------------------------------------
EDH095 39 44 5 1.06 205456 934025 276 225 48 Pujehun
South
----------------------------------------------------------------------------
EDH096 24 30 6 1.54 205351 934144 278 255 50 Pujehun
South
----------------------------------------------------------------------------
EDH097 205147 934168 263 255 48 Pujehun
South
----------------------------------------------------------------------------
EDH098 205093 934249 259 255 48 Pujehun
South
----------------------------------------------------------------------------
EDH099 205173 934295 294 255 50 Pujehun
South
----------------------------------------------------------------------------
EDH100 172 5 0.755 205250 934220 331 255 50 Pujehun
South
----------------------------------------------------------------------------
EDH101 135 141 6 3.18 205416 934188 336 255 52 Pujehun
South
----------------------------------------------------------------------------
EDH102 206150 933572 230 255 50 Pujehun
South
----------------------------------------------------------------------------
EDH103 206003 933626 304 255 46 Pujehun
South
----------------------------------------------------------------------------
EDH104 205916 933667 310 255 255 Pujehun
South
----------------------------------------------------------------------------
EDH105 205398 934276 353 253 45.2 Pujehun
South
----------------------------------------------------------------------------
EDH106 205516 934080 270 254 45 Pujehun
South
----------------------------------------------------------------------------
EDH107 49 52 3 1.45 205474 934146 309 252 50 Pujehun
South
----------------------------------------------------------------------------
64 67 3 1.31
----------------------------------------------------------------------------
138 143 5 1.5
----------------------------------------------------------------------------
155 161 6 4.7
----------------------------------------------------------------------------
EDH108 28 30 2 1.66 205516 934039 289 255 50 Pujehun
South
----------------------------------------------------------------------------
116 118 2 0.08
----------------------------------------------------------------------------
125 127 2 0.66
----------------------------------------------------------------------------
163 167 4 6.26
----------------------------------------------------------------------------
EDH109 105 107 2 2.88 205550 933968 375 255 50 Pujehun
South
----------------------------------------------------------------------------
162 164 2 1.78
----------------------------------------------------------------------------
180 183 3 2.07
----------------------------------------------------------------------------
EDH110 147 151 4 3.58 205612 933930 400 263 48 Pujehun
South
----------------------------------------------------------------------------
Contacts: Amara Mining plc John McGloin, Chairman Peter Spivey,
Chief Executive Officer Pete Gardner, Finance Director Katharine
Sutton, Head of Investor Relations +44 (0)20 7398 1420 Canaccord
Genuity Limited (Nominated Adviser & Broker, London) Rob
Collins Sebastian Jones Joe Weaving +44 (0)20 7523 8350 Pelham Bell
Pottinger (Financial Public Relations) Charlie Vivian Daniel Thöle
James MacFarlane +44 (0)20 7861 3232