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UPDATE: Aureus Mining Provides Liberia Update; Down 3%, Nearer Yr Lows

Aureus Mining Inc. (AUE.TO), near a year low 54 cents, announced its NI 43-101 compliant optimised Definitive Feasibility Study for its 100% owned New Liberty Gold Project in Liberia following the completion of the optimisation work which focused on the plant and mine designs and the location of site infrastructure. "The DFS outlines an economically robust gold project based on a flat gold price of US$ 1,400 / oz - moreover, the Project has been extensively de-risked from design, operational and environmental perspectives. Capital and operating costs are estimated to a higher level of accuracy. The DFS has increased the average production profile for the first six years. New Liberty will be Liberia's first commercial gold mine and Aureus' first mine in its highly prospective 546 km squared total licence area."

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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