The crushing circuit at Aureus Mining's New Liberty gold mine in Liberia, West Africa
Avesoro Resources has advised that the arbitration claim brought against it by International Construction & Engineering (ICE) has been dismissed by the tribunal.

The claim that the ICE brought against Avesoro Resources, the TSX and AIM-listed West African gold producer, was with respect to ICE’s contract to carry out civil and earth works at Avesoro Resources’ New Liberty gold mine.

Avesoro Resources has been successful in the majority of its counterclaim and has been awarded its legal costs by the tribunal constituted to determine the matter.

The company’s assets include the New Liberty gold mine in Liberia, which has an estimated proven and probable mineral reserve of 8.5 Mt with 924 000 oz of gold at a grade of 3.4 g/t and which produced 18 872 oz in the last quarter of 2016.

To date, Avesoro Resources has completed a definitive feasibility study, the first gold pour has taken place and commercial production has been declared at the mine.