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Azumah Resources Ltd (ASX:AZM)

Azumah Resources Ltd (ASX:AZM)


Share Price
$ 0.02
Change
-0.001 (-5.00 %)
Market Cap
$14.86 m
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Azumah Resources Ltd

Azumah Resources Ltd (ASX:AZM) is listed on the Australian Securities Exchange.

EPIC: AZM
Market: ASX:AZM
52-week High/Low: A$0.05 / A$0.02
Sector: General Mining
Market Cap: A$14.86M
Website: www.azumahresources.com.au

Azumah Resources Ltd

www.azumahresources.com.au

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Big picture - Why invest in Azumah Resources Ltd


Azumah Resources Ltd Snapshot

Azumah Resources Limited is a Perth-based, ASX-listed (ASX:AZM) exploration company focused on a highly prospective gold province in the Upper West Region of Ghana, West Africa.

  • 2.1Moz Mineral Resource platform - $4 EV/Resource oz
  • 624,000oz @ 2.14g/t Au Ore Reserve - $16 EV/Reserve oz
  • 2,400km2 regional-scale footprint in fertile Birimian terrain
  • ~A$40M drilling (10,000 drill holes for 500km)
  • Several advanced stage / drill-ready targets
  • Numerous quality early-stage targets
  • Strong community and government support
  • Largely de-risked for rapid development. Excellent infrastructure. Grid power to gate
  • Next two years of exploration and development studies funded by PE group, Ibaera Capital Fund LP, for up to a 47.5% interest (backed by >US$1b fund-of-funds)
  • Multi-disciplinary and accomplished Ibaera team to manage all work
  • 13.4% ($1.6m) Ghana neighbour Castle Minerals (CDT)(10,000km2)

Wa Gold Project, Ghana
Location and Access

The Wa Gold Project is located in the Upper West Region in the far northwest of Ghana along the border with Burkina Faso. The Black Volta River marks the western border of the project area and the Burkina Faso border. The regional capital, Wa (from which the project takes its name), is located within 10 km of the project area, at Latitude 10°04’ N and Longitude 2°30’ W.

(click here for more information on this project)


Ghana Geology
Exploration History

Reports of gold mining in the Upper West Region of Ghana date back to the 1920's and 1930's, when the Gold Coast Geological Survey recorded numerous gold occurrences while mapping in the area, although they noted that at the time there was relatively little artisanal activity in the region compared to southern Ghana. In the 1960's a Russian-sponsored geological mapping and prospecting programme was undertaken, but more detailed reports of the gold occurrences in the region were only published in 1991. These reports include mention of a concentration of gold associated with extensive quartz veining near Wa, and narrow, discontinuous north-south-trending veins that were believed to be the cause of stream sediment anomalies close to the villages of Duri and Lambussie, located 20 kilometres and 50 kilometres north of Azumah’s Kunche deposit, respectively.

(click here for more information on this project)


Reserves & Resources

Ore Reserves

Table 1:  Ore Reserves Summary – JORC Code 2012

Mineral Resources

Table 2:  Mineral Resource Estimate – JORC Code 2012 – Updated October 2016

For details of Mineral Resource and Ore Reserve Estimates and Supporting information as per JORC Code 2012 Table 1 see ASX Announcement of 2 September 2014


Last updated 20th June 2018

Michael Atkins
Chairman

Mr Atkins is a Fellow of the Australian Institute of Company Directors.

He was a founding partner of a national Chartered Accounting practice from 1979 to 1987 and was a Fellow of the Institute of Chartered Accountants in Australia until resigning in June 2011.

Between 1987 and 1998 he was a director of, and involved in the executive management of, several publicly listed resource companies with operations in Australia, USA, South East Asia and Africa. From 1990 to 1995 he was Managing Director and later a non-executive director of Claremont Petroleum NL and Beach Petroleum NL during their reconstruction, and then remained as a Non-Executive Director until 1995.  He was also founding Executive Chairman of Gallery Gold Ltd until 1998, and remained a Non-Executive Director until 2000.

Since February 2009 Mr Atkins has been a Director - Corporate Finance at Patersons Securities Limited where he advises on the formation of, and capital raising for, emerging companies in the Australian resources sector.

He is currently non-executive Chairman of ASX listed public company, Legend Mining Ltd, and a non-executive director of Structural Systems Limited and Castle Minerals Limited. During the previous three years he was also non-executive director of Enterprise Uranium Limited (resigned 31 March 2014).  He is a member of the Audit Committee of Azumah.


Stephen Stone
Managing Director

Stephen Stone graduated with honours in Mining Geology from University of Wales, Cardiff and has since gained more than 30 years’ operating, project evaluation, executive management and corporate development experience in the international mining and exploration industry.

Mr Stone worked for several years at the large open pit and underground copper mines of the Zambian Copperbelt.  He came to Australia in 1986 and since then has been involved in the formation and management of several junior ASX listed exploration companies.

He joined Azumah as its Non-Executive Chairman in November 2006, was appointed its Executive Chairman in December 2007 and Managing Director in October 2009.

Mr Stone is a Member of the Australasian Institute of Mining and Metallurgy, a Fellow of the Australian Institute of Company Directors and a member of the Editorial Board of International Mining Magazine.  He is currently also a non-executive director of ASX listed public companies Alto Metals Limited and Castle Minerals Limited.


Geoffrey Jones
Non-Executive Director

Mr Jones is a Fellow of the Institution of Engineers, Australia, with a Bachelor of Engineering (Civil) degree.  He has over 30 years’ experience in the evaluation, design, development, commissioning and operation of major resource projects in Australia and overseas, especially in Africa, including Ghana.

He spent over six years as Group Project Engineer for ASX-listed Resolute Limited with responsibility for the successful development of its Obotan Gold Project in Ghana, Golden Pride Gold Project in Tanzania, as well as the Chalice and Bullabulling Gold Projects in Western Australia.  For all of these projects, his involvement ranged from feasibility study preparation through to development, commissioning and start-up operations.

Mr Jones has operated his own project management and engineering consultancy, JMG Projects Pty Ltd, servicing the mining industry.  In this capacity Mr Jones has completed works on gold and base metal projects for Australian and overseas based mining groups.  Mr Jones is currently employed with GR Engineering Services Limited as the Managing Director.

Mr Jones is also a director of GR Engineering Services Limited, Marindi Metals Limited (formerly Brumby Resources Limited), Energy Metals Limited and Ausgold Limited.


Dennis Wilkins
Company Secretary

Mr Wilkins is the founder and principal of DWCorporate Pty Ltd a privately held corporate advisory firm servicing the natural resources industry.

Since 1994 he has been a director of, and involved in the executive management of, several publicly listed resource companies with operations in Australia, PNG, Scandinavia and Africa.  From 1995 to 2001 he was the Finance Director of Lynas Corporation Ltd during the period when the Mt Weld Rare Earths project was acquired by the group.  He was also founding director and advisor to Atlas Iron Limited at the time of Atlas’ initial public offering in 2006.

Since July 2001 Mr Wilkins has been a running DWCorporate Pty Ltd where he advises on the formation of, and capital raising for, emerging companies in the Australian resources sector.

He is currently non-executive director of Australian listed companies Key Petroleum Limited (since 5 July 2006), TSX listed Mawson West Ltd (since 3 August 2015), and an alternate director of Middle Island Resources Ltd (since 1 May 2010).  During the previous three years he was also a non-executive director of Duketon Mining Limited (resigned 18 November 2014), A1 Consolidated Gold Limited (resigned 11 May 2015) and Shaw River Manganese Ltd (resigned December 2015).

 

Last updated 20th June 2018

Suite 2, 11 Ventnor Avenue
West Perth WA 6005
Australia

Phone: +61 (0)8 9486 7911
Fax: +61 (0)8 9481 4417


Administration

Website: www.azumahresources.com.au
Email: [email protected]

Ghana Office

House No 5
Kinshasa Street
East Legon
Accra, Ghana

Private Mail Bag CT452
Cantonments, Accra
Ghana

Phone: +233 (0) 244 314 700
Fax: + 233 (0) 244 391 499


Last updated 20th June 2018

Registered and Principal Office

Suite 2, 11 Ventnor Avenue
West Perth WA 6005
Australia

Tel +61 8 9486 7911
Fax +61 8 9481 4417

Email: [email protected]


Ghana Office

House No 5
Kinshasa Street
East Legon
Accra, Ghana

Private Mail Bag CT452
Cantonments, Accra
Ghana

Tel: +233 (0) 244 314 700
Fax: + 233 (0) 244 391 499


Company Secretary

Dennis Wilkins
DW Corporate
20 Kings Park Road
West Perth WA 6005


Share Register

Security Transfer Australia Pty Ltd
770 Canning Highway
Applecross WA 6153
Tel: 1300 992 916
Overseas: +61 8 9628 2200
Fax: +61 8 9315 2233


Stock Exchange Listings

Australia - ASX (Code: AZM)


ABN

72 112 320 251


Solicitors

Gilbert + Tobin
1202 Hay Street
West Perth WA 6005


Bankers

Australia

National Australia Bank Limited
1232 Hay St
West Perth WA 6005
Australia


Ghana

Barclays Bank of Ghana Ltd
High Street
Accra Ghana


Auditors

BDO Audit (WA) Pty Ltd
38 Station Street
Subiaco WA 6008
Australia


Consulting Geologists

CSA Australia Limited
2/3 Ord Street
West Perth, WA 6005
Tel: +61 8 9355 1677
Fax: +61 8 9355 1977

Brian Wolfe
71 Watkins St
White Gum Valley WA 6162


Licence Management

Terrex Ltd
21 Shippi Link,
Box CT 9, East Cantonments,
Near NAFTI
Accra, Ghana

 


Last updated 20th June 2018

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