Asante acquires Goknet’s Kubi operation
JOHANNESBURG (miningweekly.com) – Dual-listed Asante Gold has reached an agreement with Ghana-based gold exploration company Goknet Mining to close the acquisition of the Kubi mining leases by issuing seven-million treasury shares, reserving 8 000 oz of gold for future delivery to Goknet.
Vancouver, British Columbia-based Asante plans to further explore and develop Kubi as a custom milling and direct-shipping underground operation.
The company will also acquire Goknet’s interests in eight prospecting licences – two totalling 38 m2 adjoining to the west of the Kubi mining leases – and six contiguous licences totalling 270 m2 located on the Asankrangwa Gold Belt, 15 km to the south-west and along strike of the Asanko gold mine.
To purchase the licences, Asante will issue up to a maximum of three-million treasury shares.
Goknet will retain a 2% net smelter return royalty on each licence acquired by the company.
Comments
Press Office
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation