Azumah one step closer to Wa production

Gold developer Azumah Resources has moved a step closer to developing its Wa project, in north-west Ghana, by appointing GR Engineering Services to undertake the detailed design and engineering for the 100 000 oz/y project. MD Stephen Stone said...

Azumah defines 1.6Moz at Wa

Gold developer Azumah Resources has increased its mineral resource at the Wa gold project, in Ghana, to nearly 1.6-million ounces. Measured and indicated resources increased by 57% to just over one-million ounces, while inferred mineral resources...

Azumah raises C$20m for Wa

ASX- and TSX-listed Azumah Resources on Monday concluded a C$20-million capital raising, placing more than 50/4-million shares at an issue price of 40c a share. MD Stephen Stone said in a statement that with the total cash and listed investments...

Azumah looks to market to raise C$20m

ASX- and TSX-listed Azumah Resources on Friday announced that it would be undertaking a C$20-million capital raising to fully fund its 2012 drilling programme and maintain exploration momentum. Azumah would be offering 50-million ordinary shares,...

Global investment in gold a boost for African mining

The growing number of investors looking to gold as a means to preserve their capital during the current global economic crisis has contributed to the development of large-scale mining operations in Africa.

West African explorer says feasibility study nearing completion

ASX- and TSX-listed Azumah Resources expects to soon complete a feasibility study for a 100 000 oz/y operation at its Wa gold project, in north-west Ghana.

Company Announcement: Azumah Resources hits gold at two new prospects in heart of Wa Gold Project

Azumah Resources Limited is pleased to report highly promising results from two prospects located between the adjacent flagship Kunche and Bepkong deposits at its Wa Gold Project in northwest Ghana

Azumah looks to dual list on TSX

West-African gold developer Azumah Resources on Monday told shareholders that it had resolved to list on the main board of Toronto Stock Exchange (TSX). The company said in a statement that it already had a number of blue chip institutions based...

Azumah takes ‘strategic’ 11% stake in Castle

West Africa-focused gold developer Azumah Resources has accumulated an 11% interest in Castle Minerals, which also holds gold exploration tenements in Ghana. MD Stephen Stone said on Monday that the ASX-listed company viewed its shareholding in...

A$30m raising for Ghana project complete

ASX-listed Azumah Resources, an exhibitor at the Mining Indaba 2011, reports that it has completed a A$30-million capital raising, with major shareholder Macquarie Bank maintaining its position as the largest shareholder at 12%.

Azumah completes A$30m raising for Ghana project

ASX-listed Azumah Resources on Thursday completed a A$30-million capital raising, with major shareholder Macquarie Bank maintaining its position as the largest shareholder at 12%. JP Morgan has also acquired an initial 8% shareholding in the...

A$30m raised for Azumah's 1,2Moz gold project in Ghana

Gold developer Azumah Resources on Tuesday reported that it had raised A$30-million through a share placement to accelerate the development of its 1,2-million ounce Wa gold project, in Ghana. Azumah placed 50-million shares, at 60c a share to...