Avesoro Resources considers range of growth opportunities

West African gold producer Avesoro Resources says it is considering a range of growth opportunities, including the potential acquisition of the Youga Gold Mine and Balogo deposit in Burkina Faso.

The company said these assets were currently owned by the company's majority shareholder, Avesoro Holdings Ltd.

"Independent technical reports are currently being prepared on the assets by CSA Global to provide a guide as to their valuation in any potential future transaction," it said.

"Shareholders should note that there can be no certainty that a transaction will be proposed by the board, nor as to the terms or the timescale of any such transaction," it said.

Any future transaction, if proposed between the company and its majority shareholder would be a related party transaction and as such would therefore require minority shareholder and regulatory approvals.

At 10:26 BST, shares in AIM-quoted Avesoro were flat at 2.15p each.