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Major Capital Cost Reductions
Reposition Wa Gold Project, Ghana
- $54M reduction to $142M establishment cost (US$129M excluding US$13M Ghana VAT1)
- ~90,000ozpa, 1.2Mtpa, initial 7-year mine life maintained
- Mining fleet now provided by contractor for $28M saving
- Corporates evaluating for possible financing and development partnership
- Discussions recommenced with project finance lenders
- VAT and fiscal concessions proposal with Ghana Government
- Financial model being reviewed and updated with expectations of improved overall economics. Results available in coming weeks.
�This US54M reduction in the funding hurdle fundamentally repositions for development Azumah�s proposed initial seven-year, 90,000ozpa Wa Gold Project� Azumah Managing Director, Stephen Stone said.
�The recent high-grade discovery at Manwe, the acquisition of the high-grade, 69,000oz Julie West resources, a firmer gold price and improved investor sentiment towards overseas gold projects considerably enhances the prospects of securing project finance or a development partner�.
Download the full announcement including figures and tables.
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Azumah Resources Limited
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EN DÉVELOPPEMENT |
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CODE : AZM.AX |
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ISIN : AU000000AZM5 |
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Azumah Res. est une société d’exploration minière d'or basée en Australie. Son principal projet en développement est WA au Ghana et ses principaux projets en exploration sont KUNCHE et BEPKONG au Ghana. Azumah Res. est cotée en Australie. Sa capitalisation boursière aujourd'hui est 18,6 millions AU$ (12,4 millions US$, 11,5 millions €). La valeur de son action a atteint son plus haut niveau récent le 05 novembre 2010 à 0,83 AU$, et son plus bas niveau récent le 02 août 2019 à 0,01 AU$. Azumah Res. possède 582 569 984 actions en circulation. |