Source: ASANTE Gold Corporation
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  • Asante Gold (ASE) has announced that the first gold pour at the Bibiani Gold Mine has been completed
  • In September 2021, Asante announced start of the refurbishment process and the company’s plan to pour gold in Q3 2022
  • Since July 1, 2022, the process plant has been in operation 24 hours per day with the Carbon-in-Leach, carbon stripping and elution areas now operating
  • Asante is a gold exploration, project development and operations company with a portfolio of projects in Ghana
  • Asante Gold Corporation (ASE) is down 5.67 per cent on the day, trading at C$1.33 per share at 2:15 pm ET

Asante Gold (ASE) has announced that the first gold pour at the Bibiani Gold Mine has been completed.

Asante acquired the Bibiani Gold Mine in August 2021 and completed its project execution plan that included refurbishment and upgrade of the Process Plant, Tailings Storage Facility and Mine Site Infrastructure. In September 2021, Asante announced start of the refurbishment process and the company’s plan to pour gold in Q3 2022.

In early June, Asante announced the start of the commissioning and operation of the Bibiani Process Plant. Since July 1, 2022, the process plant has been operating 24 hours per day, with the Carbon-in-Leach, carbon stripping and elution areas now operating. Hot Commissioning of the Gold Refinery was completed on July 7th. This is the final operating area of the process plant to be commissioned.

Scale up of production is continuing as planned, including collection of gold on carbon, leading to delivery of approximately 175,000 oz gold over the next 12 months.

Asante Gold’s CEO, Dave Anthony, commented on the news.

“From the outset of our acquisition of the Bibiani Gold Mine, Asante has made a number of commitments to our stakeholders, including the local community, the Government of Ghana and our investors. We are proud that all of the commitments we made in the past 10 months relating to the Bibiani Gold Mine have been met or exceeded, up to this time.”

He added,

“The quality and timeliness of work completed by the Asante team is testament to their abilities and commitment to delivering results as planned. We recognize and thank our principal project partners, all of which have been Ghanaian companies, including Harlequin International, Rabotec, KPS, Kozah Construction, iConstruction, Emak, Electrowind, FLSmidth – Ghana, Caesar Furnace, Mining Project Processing and Engineering Limited (MPPE), Top Quality Investments Limited, Rand Sandblasting Company, Tesla Electricals, Multigeomatics, Knight Piesold Ghana Limited, Bosch Rexroth (Ghana) and PW International (Gh) Ltd.”

Asante is a gold exploration, project development and operations company with a portfolio of projects in Ghana. Asante is focused on developing its Bibiani and Kubi Gold mines located on the Bibiani and Ashanti Gold Belts.

The Bibiani Gold Mine is situated in the Western North region of Ghana. Bibiani has previous production of +4Moz and is fully permitted with mining and processing infrastructure on-site, including a 3 million tonne per annum mill and processing plant.

Asante Gold Corporation (ASE) is down 5.67 per cent on the day, trading at C$1.33 per share at 2:15 pm ET.

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