While the Liberian assets of gold at New Liberty and Iron Ore at Putu dominate African Aura's portfolio, exploration activity in Cameroon appears to have uncovered a third pillar to the company's portfolio. Nkout, Noga and Akom Hills are the company's principal targets in Cameroon, each highly prospective for iron ore, located in a resource rich area (the 2.5bn tonne Mbalam iron ore deposit is 150 kilometres south east of Nkout) and 100% owned.

Nkout is the current focus of African Aura's Cameroon exploration with an airborne geophysical survey earlier this year backing up 55 grab samples taken a couple of years ago (up to 68% iron and averaging 55%). The site hosts an 8 kilometre long geophysical target with a further 12 kilometres of targets in close proximity. The company commenced a 10 hole, 4,200 metre drilling programme at the end of July with the intention of defining a resource for publication by the end of the year. Drilling will then continue within the existing budget ($3.8 million earmarked in April placing) with a further 3,800 metres as part of phase 2.

The 489 square kilometre Djoum and 997 square kilometre Akonolinga licences are located in the south of the country and, with a possible rail line set to run through the two licences to the Cameroon sea port of Lolabe, Nkout's positioning couldn't be better. The possible rail road is expected to come from several iron ore targets just over the border in Congo, with Sundance Resources' Mbalam deposit the most notable.

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