SAN FRANCISCO, CA–(Marketwired – June 19, 2017) – On June 4 Peter Breese, CEO of Asanko Gold, discussed the recently released definitive feasibility study for the Asanko Gold Mine in Ghana, and the two-stage organic growth plan with The Gold Report.
Company included in article: Asanko Gold Inc.
Excerpts from the interview below:
TGR: Would you tell us what Project 5 Million and Project 10 Million look like?
PB: Project 5 Million is a very capital-efficient growth project. Essentially it optimizes the throughput capacity around what we call the process bottleneck, which is the milling circuit. It takes the milling circuit from current operations of about 3.6 million tons per annum (3.6 Mtpa) to 5 Mtpa. This will cost just over $20 million and involves upgrading simple things like pumps, tailings lines and gold recovery processes. We have started work on that and expect the project to be complete before the end of this year.
TGR: What kind of production would you be expecting to get from Project 5 Million by the end of the year?
PB: Project 5 Million maintains our production profile at current rates of 230,000-240,000 ounces for about 20 to 21 years. If we didn’t invest in Project 5 Million, we would see a gradual decline in production in the coming years. It’s a very low-capital entry project, with payback in just over a quarter.
Continue reading this article: Feasibility Study Offers Optionality to Maximize Cash Flow
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The following companies mentioned in this article are sponsors of Streetwise Reports: Asanko Gold Corp. Streetwise Reports does not accept stock in exchange for its services.
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