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Azumah Resources Ltd.

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Summary

Project:

Wa

Deposit:Wa
Location:Ghana
Commodities:Gold
Date:10/12/2016
Report Code:JORC
Report Type:Resource Estimation
Project Stage:Pursuing Resource Increase/Upgrade
Report details:12-10-2016: Azumah Resources Ltd. announces a Resource Estimation report for its Wa deposit at the Wa project. Wa Gold Project Mineral Resources increased by 69,000oz. Ghana focused gold explorer and developer Azumah Resources Limited (ASX:AZM) (“Azumah”
Resources:(Resource, Total): 41.49Mt @ 1.5g/t Au for 2.063Moz contained at project
CP/QP:[Resources]: Shaun Searle (RungePincockMinarco Ltd.)
ABSTRACT:Ghana focused gold explorer and developer Azumah Resources Limited (ASX:AZM) (“Azumah” or “the Company”) advises that combined Mineral Resources for its Wa Gold Project, Ghana (‘Project’), have been increased by 69,000oz at 4.4g/t Au to 2,063,000oz following an update to JORC 2012 compliance of the recently acquired Julie West and Danyawu gold deposits (Tables A, B and 2) (Appendix: Sections 1, 2 and 3)(refer ASX release dated 27th April 2016). The shallow depth Julie West and Danyawu Mineral Resources are particularly high-grade at 4.2g/t Au and 5.5g/t Au respectively. They lie just 7-8km west of the 834,000oz Julie deposit for which a mining licence has been granted. The Julie West and Danyawu resources are likely to be incorporated into a Feasibility Study update once technical work to bring them to the same status as Azumah’s existing Project Ore Reserves of 624,000oz grading 2.14g/t Au is completed. In addition, Azumah is nearing the end of a multi-target, 5,500m, combined aircore and reverse circulation drilling campaign investigating several new zones of anomalism and with a key objective of advancing the Josephine and Manwe prospects closer to maiden resource estimates. The JORC 2012 update of the Julie West and Danyawu resources was undertaken by Perth based independent consultants, RungePincockMinarco Limited (‘RPM’) using a 1.0g/t Au cut off, the same as it used for the original JORC 2004 estimates (refer Competent Persons statements).

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