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Surge in Mosman price increases Aorere NTA/share to 2.25c

Surge in Mosman price increases Aorere NTA/share to 2.25 cents

Takaka, 8 July 2014 - Aorere Resources Limited holds approximately 13.1% of this AIM listed company, and will hold 12.3% after the recently announced Trident acquisition is completed.

Our Mosman shareholding now has a present market value of NZD 8.2 million, based on the present market price of 40.75 pence. As a result the undiluted net asset backing of an Aorere share (including all significant portfolio assets at market value) is now 2.25 cents.

Aorere’s present market value at the most recent trade of 0.8 cent per share is NZD 4.3 million or only 35.6% of the present net asset backing of $12.2 million.

The table below details the present market value of the various components of the portfolio.

Portfolio Analysis

Asian Minerals382,1410.07
King Solomon43,4190.01
Chatham Rock3,505,1200.65
Minor investments31,5100.01
Mosman8,175,9521.51
Akura141,1010.03
Cash100,6550.02
Accruals(204,000)(0.04)
12,175,8982.25

Chris Castle, Managing Director
Aorere Resources Ltd

ENDS

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