Newcrest Mining Limited, the world's 6th largest gold producer in 2015 and strategic partner of Auplata (Alternext – FR0010397760 – ALAUP) in Côte d'Ivoire through OMCI (50%-owned subsidiary of Auplata), announced in late October particularly promising drilling results at the Séguéla mining project, located in the extension of the Mont Goma mining permits held by OMCI in the west of the country.
Launched in the first half of 2016, Newcrest's exploration campaign has identified a number of high priority exploration targets including the Antenna prospect which is centred on a 600m long aircore/auger gold anomaly. (Click here for more information – page 8).
At the same time, Newcrest announced it would immediately exercise the option to acquire 80% of the Séguéla permit from its partner, a local subsidiary of the Australian exploration company Apollo Consolidated Ltd, for US$3.5 million and a 1.5% net smelter return royalty.
Jean-François Fourt, Chairman of Auplata's Board of Directors, says:
"These results, which are really exceptional at this stage of their project, are extremely promising for OMCI's mining assets. They confirm our belief in the very high gold content of this zone and will allow us to significantly valorize our subsidiary OMCI in the months ahead."
In September, Auplata finalized a strategic agreement between its subsidiary OMCI and a Newcrest Mining Limited subsidiary in respect of the Mont Gama permit in Côte d'Ivoire (674 km²). – Read the press release of September 13, 2016.
Based in French Guiana, Auplata is the largest French, stock-market listed gold producer. The Company has more than 700 sq km of mining permits and titles in French Guyana. Auplata operates an innovative industrial and financial strategy, aimed at developing and exploiting Guianese gold resources with the strong involvement of local players. The Company's objective is to offer sustainable exploitation for the Guianese mining industry.
Since June 2015, Auplata is a shareholder in the Côte d'Ivoire mining company OMCI, which owns two mining projects in Côte d'Ivoire.
Auplata's share capital consists of 53,782,311 shares listed on the Alternext market in Paris (Euronext). ISIN: FR0010397760 – ALAUP ; ICB: 1777 – Gold Mining.
For more information about Auplata go to www.auplata.fr.
Mathieu Omnes – Investor relations – +33 (0)1 53 67 36 92
Nicolas Bouchez – Press relations – +33 (0)1 53 67 36 74
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