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Asante to restart past-producing Bibiani next year

10th November 2021

By: Mariaan Webb

Creamer Media Contract Publishing Editor

     

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The past-producing Bibiani gold mine, in Ghana, will be restarted next year and is set to produce gold by the third quarter, new owner Asante Gold has said.

Outlining plans for the gold mine that it bought from Australia’s Resolute Mining earlier this year, Asante says tenders have been invited for the selection of a mining contractor and that a contractor will be mobilised before the end of March.

Currently, there are more than 200 workers on site, the Canada-based junior says, reporting that work activities are proceeding as planned.

Asante is preparing a plan to deliver a mine producing 190 000 oz/y in its first 12 months of operations and about 240 000 oz/y thereafter for at least six years.

The company is preparing a new NI 43-101 mine development technical report based on an openpit mining model for delivery in the second quarter.

Resolute’s July 2018 feasibility study for Bibiani reported a mineral resource of 21.7-million tonnes at 3.6 g/t for 2.5-million ounces of gold.

Edited by Creamer Media Reporter

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