We are committed to expanding our reserves and resources and production profile through exploration.
In 2013 we expect to invest at least US$21million in exploration and development, in order to:
- add new Greenfield gold discoveries
- continue our organic growth through near-mine exploration and resource expansion
- optimise our assets through identifying and delineating higher-grade satellite deposits
- identify new opportunities throughout Africa, particularly through strategic joint ventures and opportunistic acquisitions.
Our plans are building on positive progress in 2012. ABG has consistently demonstrated its ability to recognise near-mine opportunities as well as identifying additional opportunities across regional areas as demonstrated by our acquisition of the West Kenya JV properties in late 2012. This is strategically important, as it supports both our existing production platform and organic growth prospects.