Peter Spivey, Chief Executive Officer of Amara, commented: "During Q3 2012 Amara has been transformed: financially, operationally and corporately. Financially, with the commencement of the partnership with Samsung, we have made significant progress towards funding the development of Baomahun. Operationally, we have demonstrated that Kalsaka's mine life will be extended through integration with Sega through the Preliminary Economic Assessment which offers robust metrics. Corporately, our rebranding to Amara comes at a time when we are focused on demonstrating our ability to move to a larger production platform, through the long term development of our growth portfolio at both Baomahun and Yaoure. With a strengthened team and diversified portfolio of assets, we are well positioned for the future."