Name of the project
Wa gold project.

Location
Ghana.

Client
Azumah Resources.

Project Description
Provisional feasibility study results on the Wa gold project have confirmed a solid project with no technical, social or environmental impediments to development; improved fundamentals such as mine life, ore grade and strip ratio; and operating and capital costs in line with, if not better than, guidance provided when the ore reserves were issued last year.

The study comprises a rigorous technical review of the project to assess the impact of the considerably increased Julie mineral resource, expanded mining inventory and extensive confirmatory metallurgical testwork. This compares favourably with the production estimate of 74 000 oz/y and a mine life of six years estimated in the 2012 feasibility study.

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.

Jobs to be Created
Not stated.

Net Present Value/Internal Rate of Return
Not stated.

Value
$142-million.

Duration
Not stated.

Latest Developments
Azumah has added 69 000 oz of gold to its Wa project bringing the project’s total resource to  2 063 000 oz grading 4.4 g/t gold.

The increase in the resource has been achieved through the recently acquired Julie West and Danyawu gold deposits.

“The outcropping Julie West and Danyawu mineral resources . . . are expected to provide high-value incremental ounces to Azumah’s existing 624 000 oz ore reserve and enhance the company’s already advanced plans for the development of an initial seven-year, 90 000-oz/y gold operation,” Azumah MD Stephen Stone has said.

The resource from Julie West and Danyawu is likely to be incorporated onto a feasibility study update once technical work to bring them into the same status as Azumah’s existing project ore reserve is completed.
 

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.