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Azumah Resources Ltd.
Summary
| Project: | Wa | |
|---|---|---|
| Deposit: | Wa | |
| Location: | Ghana | |
| Commodities: | Gold | |
| Date: | 1/30/2019 | |
| Report Code: | JORC | |
| Report Type: | Feasibility Study | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 30-1-2019: Azumah Resources Ltd. announces a Feasibility Study report for its Wa deposit at the Wa project. DFS results incl. pre-tax NPV of US $176.6M (5%), IRR of 35.3%, updated ore reserve. Azumah Managing Director, Stephen Stone said “The Wa Gold Proj | |
| Resources: | (Reserve, P+P): 18.0Mt @ 1.77g/t Au at project | |
| CP/QP: | [Overall Report]: Steve Craig (Orelogy Consulting Pty Ltd.) | |
| ABSTRACT: | Azumah Managing Director, Stephen Stone said “The Wa Gold Project is now transformed into an extremely compelling development opportunity, without even considering the evolving prospect of underground mining presented by the recent discovery of high-grade below-pit mineralisation at Kunche and Bepkong. “Full-credit to our joint venture partner and Project Manager, Ibaera Capital, which has increased Ore Reserves by 65% to over 1.0Moz and redefined the Project with operational and financial metrics that unequivocally reposition it up with its peers. “The Wa Gold Project is now well primed to be Ghana’s next commercial-scale gold mine, with mining leases already granted, EPA permits well advanced, grid power to site and the strong support of the Ghana government. “The remainder of 2019 will be dedicated to finalising the Feasibility Study and putting everything in place for a development decision.” “We also have several opportunities to materially enhance the Project, not the least through continued exploration of our vast 2,400km2 prospective tenure - and these are all being vigorously pursued”. | |
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