Avenira Limited: Maiden Indicated Mineral Resource at Baobab Phosphate Project

PERTH, WESTERN AUSTRALIA--(Marketwired - Dec. 7, 2015) - Avenira Limited (TSX:AEV)(ASX:AEV) -

Highlights

• Maiden Indicated Mineral Resource estimate of 12.6 million tonnes @ 21.0% P2O5 at a 15% P2O5 cut-off grade within the Small Mine Permit at Gadde Bissik East, part of the wider Baobab Phosphate Project.
  
  
• Inferred Mineral Resource of 80 million tonnes @ 19% P2O5 estimated for the remainder of Gadde Bissik East prospect, including more broadly drilled portions of the SMP.
  
  
• Infill resource drilling program continuing within and adjacent to the SMP aimed at increasing estimated Indicated Mineral Resource tonnes.
  
  
• Exploration drilling programs to recommence in early December targeting prospective ground to the east of Gadde Bissik.

A copy of the full announcement can be viewed on our website under www.minemakers.com.au and on www.sedar.com.

Cliff Lawrenson, Managing Director