Name of the project
Wa gold project.

Location
Ghana.

Project Owner/s
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.

Capital Expenditure
$142-million.

Planned Start/End Date
Not stated.

Latest Developments
Azumah Resources has been granted all the required environmental permits from the Ghanian Environmental Protection Agency to allow for the construction and operation of the Wa gold project.

The permits provide authorisation for the construction and operation of the Kunche-Bepkong mine and processing plant, as well as the Julie satellite pit.

The gold developer is now working towards concluding funding arrangements in early 2020 before the start of construction.

Meanwhile, Azumah is on the cusp of a takeover by ASX-listed Ibeara Capital, which is offering the junior’s shareholders 3.3c a share in cash for their interest in the gold developer.

The takeover offer is expected to close on January 17, with Azumah having urged shareholders to accept the offer.

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.