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Asanko Gold Inc.
Summary
| Project: | Asanko Gold Mine | |
|---|---|---|
| Deposit: | Asnako Gold Mine | |
| Location: | Ghana | |
| Commodities: | Gold | |
| Date: | 12/27/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Feasibility Study | |
| Project Stage: | Active Mining & Production | |
| Report details: | 27-12-2017: Asanko Gold Inc. announces a Feasibility Study report for its Asnako Gold Mine deposit at the Asanko Gold Mine project. Ammended technical report adjusting figures to increased plant capacity. This DFS report has been prepared on behalf of Asa | |
| Resources: | (Reserves, P+P): 100.81Mt @ 1.58g/t Au for 5.11Moz Au at Asanko Gold Mine | |
| CP/QP: | [Resources]: M. Titley, C. Muller (CSA Global Pty Ltd.;CJM Consulting Pty Ltd.) | |
| ABSTRACT: | This DFS report has been prepared on behalf of Asanko Gold Inc. (Asanko Gold”), a gold mining company listed on the TSX and NYSE, with headquarters at 680-1066 West Hastings Street, Vancouver, British Columbia. In June 2015 Asanko Gold commissioned DRA, and various specialist consultants, to complete a DFS on the expansion of the Asanko Gold Mine (“AGM” or the “Project”), located in Ghana, West Africa, from the current open pit mining and processing operation to include an expanded processing facility and to bring the Esaase deposit into production, with construction expected to start in Q2 2017. Phase 1 was originally intended to process 3 Mtpa, but it was found that the nameplate capacity of the plant could be increased as the milling circuit had excess capacity. This AGM 2017 DFS follows on from the Phase 2 Pre-feasibility Study (“Phase 2 PFS”) published by Asanko Gold in June 2015. Phase 2 has been renamed and now consists of two discreet expansion projects, Project 5 Million (“P5M”) and Project 10 Million (“P10M”), together the “AGM expansion projects”. The purpose of the DFS is to demonstrate the economic and technical viability of the expansion which will allow the Asanko Gold Board to make a decision on the expansion and to bring the new Esaase pit into production. See Figure 1-1 below for a summary schedule which uses specific dates as it assumes current funding availability but must be adjusted to reflect any delays in securing necessary funding. | |
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