Key Details:

Investment Highlights:

  • NI 43-101 and JORC Code compliant 0.52Moz Inferred and 0.65Moz Indicated Mineral Resource at Wa Gold Project, NW Ghana
  • 100% of 3,157km2 licences hosting over 150km of prospective Birimian greenstone belt. Less than 10% effectively explored
  • Feasibility Study nearly completed for multi-pit, +1.0Mtpa, <100,000oz per year mining and gravity / CIL operation
  • Pipeline of drill-ready targets
  • Aggressive 250,000m, 2011/12 drilling programme focused on resource discovery and increase
  • + 15% strategic investment in neighbour, Castle Minerals Limited
  • Board and management team of successful explorers, mining and corporate professionals

Issued Capital:
282.02M ordinary shares
10.25M unlisted options
2.00M performance rights

Directors & Management:

Chairman:
   Michael Atkins

Managing Director:
   Stephen Stone

Non-Executive Director:
   Geoff M Jones

Company Secretary:
    Dennis Wilkins

Contact details:

Stephen Stone
Mb: +61 (0) 418 804 564
stone@azumahresources.com.au

Suite 2, 11 Ventnor Avenue
West Perth WA 6005
Tel: +61 (0)8 9486 7911
Fax: +61 (0)8 9481 4417

Welcome to Azumah Resources

Azumah Resources Limited (ASX: AZM, TSX: AZR) is an Australian-based company focused on the exploration and development of the 100%-owned Wa Gold Project in northwest Ghana, West Africa.

The Wa Gold Project contains a JORC & National Instrument 43-101 compliant Indicated Mineral Resource totaling 9.4Mt at a grade of 2.1g/t Au for 646,000 oz and Inferred Mineral Resource of 8.5Mt at a grade of 1.9g/t Au for 518,900 oz - across three key deposits, Kunche, Bepkong and Julie.

Azumah's Definitive Feasibility Study on Azumah's Wa Gold Project is due for completion in early 2012.  The Feasibility Study is based on construction of a +1.0 million tonne per annum gravity and CIL plant producing <100,000oz gold per annum.

Azumah is on track to become a West African gold producer in 2013, and is now in the final stages of drawing together the key components of the Feasibility Study on Azumah's Wa Gold Project.

Wa Gold Project Highlights

  • Land holding of 3,157 km2, including over 100km strike of prospective Birimian greenstone belt - a geological setting known to host world class gold deposits throughout Ghana and West Africa.
  • Gold resources at the Kunche deposit comprise an Indicated Mineral Resource of 4.9Mt at 2.0g/t Au for 318,000 oz and an Inferred Mineral Resource of 3.6Mt at 1.7g/t Au for 198,000 oz with the mineralisation remaining open in all directions.
  • Initial metallurgical results indicate recoveries of over 90% on typical resource-grade Kunche mineralisation using conventional gold processing technology.
  • Between 25% and 40% of the gold is likely to be recoverable using a preliminary gravity separation phase, which should impact favourably on bottom line operating costs.
  • Gold resources at the Julie deposit in the Wa-east area comprise an Indicated Mineral Resources of 3.4Mt at 2.2g/t Au for 246,000 oz and an Inferred Mineral Resource of 1.5Mt at a 2.2g/t Au for 104,000 oz.
  • Gold resources at the Bepkong deposit comprise an Indicated Mineral Resource of 1.0Mt at 2.5g/t Au for 82,000 oz and an Inferred Mineral Resource of 1.9Mt at 2.1g/t Au for 130,000 oz, with mineralisation remaining open to the north and at depth.
  • Maiden gold Inferred Mineral Resource at the Colette deposit of 909,000 tonnes at 2.1g/t Au for 60,600 oz, with mineralisation remaining open-ended.
  • High-grade near-surface and deeper gold intercepts from the 2km zone separating the Kunche and Bepkong deposits, including 1m at 143.0g/t gold from 106m and more recently at Aduane and Bepkong South including 14m at 2.31g/t Au from 13m, 16m at 2.34g/t Au from 23m and 6m at 15.60g/t Au from 53m.
  • Several advanced-stage, drill confirmed targets with strong potential for near-term, low-cost, near-surface resource delineation.
  • Feasibility study on track for completion in early 2012.
  • Considerable exploration upside, with numerous defined targets and untested geochemical gold anomalies.
  • High intensity exploration programme now focused on resource discovery and the expansion of existing deposits.
  • Working capital and market investments of $18.5M as at 31 December 2011.

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Monday, Dec 5, 2011

Mines and Money Presentation

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NI 43-101 Technical Report

Thursday, Oct 6, 2011

Wa Gold Project NI 43-101 Technical Report

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Monday, Jan 16, 2012

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