Since 2009, Andiamo Exploration Ltd has been exploring and evaluating the Haykota licence area, 50km south of the Bisha gold-copper- zinc mine in southwestern Eritrea. Systematic exploration identified many targets, which are being evaluated. The most advanced is Yacob Dewar, a small but potentially very profitable gold deposit. The licence was extended southwards by about a third in September 2016
to include many promising new targets.
The Company has complied fully with its spending commitments under Ertitrean law and published a JORC Mineral Resource report in November 2015.
Andiamo has invested approximately $15M of equity and joint venture funding in exploration to date.
The Company has 57.6 million ordinary shares in issue