PERTH (miningweekly.com) – ASX-listed Adamus Resources has poured the first gold at its Nzema gold project, in Ghana.
The first gold bar was poured on Monday from Nzema’s two-million-ton a year processing facility, and made Adamus the newest gold producer in Ghana.
“The company’s first gold pour is the culmination of eight years of hard work driven by the belief that the Ashanti gold region represents the next generation of shallow, low-cost, multimillion-ounce gold mines,” said CEO Mark Connelly on Tuesday.
Connelly noted that from a geological and jurisdication perspective, Ghana was arguably the best address for greenfield exploration potential and project development.
“Gold exports account for 40% of Ghana’s gross domestic product, the political environment is stable and supportive of business and we are operating in a region that already hosts over 100-million ounces of gold.”
The Nzema project currently hosts a resource estimate of 1,75-million tons, with the feasibility study into the project supporting a 100 000-oz/y operation, for a ten-year life-of-mine.
Edited by: Mariaan Webb
Creamer Media Senior Researcher and Deputy Editor Online
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