Centamin is dedicated to expanding its reserves and resources through exploration.
Our exploration strategy has three focuses:
Growth of Sukari – continuing to drill Sukari hill, particularly the currently underexplored northern section
Growth on Existing Licence – accelerating regional exploration on the 160km2 Sukari tenement area
Growth Beyond Sukari – commencing the exploration programme on the 4 Ethiopian licences and further growing and diversifying our asset base through targeted acquisitions
Centamin's plans for 2012 and beyond are building on the positive progress of the past 11 years. Our resources have grown materially from 0.7 million ounces Measured and Indicated and 0.6 million ounces Inferred in 2000 to 13.13 million ounces Measured and Indicated and 2.3 million ounces Inferred today.