Name of the project
Wa gold project.

Location
Ghana.

Client
Azumah Resources.

Project Description
The project is based on a conventional carbon-in-leach gold plant, located adjacent to Azumah’s flagship 1.4-km-strike Kunche deposit, which will treat 1.2-million tonnes a year of primary ore and up to 1.8-million tonnes a year of softer oxide and transition ore.

Ore will be sourced from the staged mining of a series of shallow openpits at Kunche, Bepkong and Aduane, all in the Wa Lawra district, with ore from Julie and Collette, in the Wa East area, trucked on mostly public roads to the Kunche plant.

Potential Job Creation
Not stated.

Net Present Value/Internal Rate of Return
Not stated.

Value
$142-million.

Duration
Not stated.

Latest Developments
Azumah Resources has increased the combined mineral resource of its Wa gold project by 21%, or 433 900 oz, to 2.5-million ounces, adding to the expectations for attractive financial metrics for the project.

Azumah will update the ore reserves and financial metrics for Wa in an interim study, which will be published before the end of the year, ahead of a full feasibility study in the third quarter of 2019.

The mineral resources update includes maiden estimates for several emerging satellite deposit discoveries.

Measured and indicated mineral resources have increased by 16% to 1.6-million ounces – 28.8-million tonnes grading 1.8 g/t gold – and inferred mineral resources increased by 31% to 900 000 oz – 20.4-million tonnes grading 1.4 g/t gold. These mineral resources are distributed across the Kunche-Bepkong and the Wa East development camps.

Drilling down-dip and strike extensions at the Julie deposit resulted in mineral resources having increased by 191 000 oz to 1-million ounces, while drilling has increased mineral resources by 95 500 oz to 846 500 oz at the Kunche deposit.

Maiden estimates for the emerging Kunche Northwest, Yaga, Josephine, Manwe and Alpha-Bravo satellite prospects account for a combined 148 600 oz increase in mineral resources, with several of these yet to be finalised.

Key Contracts and Suppliers
None stated.

On Budget and on Time?
Not stated.

Contact Details for Project Information
Azumah Resources, tel +61 8 9486 7911, fax +61 8 9481 4417 or email info@azumahresources.com.au.