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 by about a third southwards in September 2016
to include many promising new targets.
The Company is fully compliant with its spending commitments and published its maiden mineral resource report in March 2013.
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.