metallurgical testwork results for konkera

POSITIVE CONVENTIONAL METALLURGICAL TESTWORK RESULTS FOR KONKERA

Excellent gold recoveries at Konkera for all ore types using conventional metallurgical processes
? CIL for oxide material in range 94% to 98% and for transition ores in range of 88% to 95% at a moderate grind size P80 106 µm


Testwork confirms potential for strong cash flows in early years of operation

Ampella Managing Director, Dr Paul Kitto, stated that “the Company was very pleased with the final metallurgical results using conventional processing techniques. The very high recoveries from all oxide and transition ores, together with Kouglaga sulphide ores, mean that the Konkera Project has the potential to generate significant cash returns in the early years of operation.
The overall recoveries for life of mine of between 84% for CIL and 95% for Albion, will provide the basis for a profitable long-life mining operation for the Company, even without the addition of new resources from the two new discoveries at Foumbiri and Doubema announced in 2011 or from additional exploration success in 2012 along the 110km Batie West Shear Zone.”