Asante Projects Transformative Growth in Updated Five-Year Outlook: 500,000+ oz Annual Gold Production by 2028, >$2 Billion in Free Cash Flow, Increased Mineral Reserves

About this update from Asante Gold Corporation

[{"type":"image","alt":"Asante Gold Corporation","displaySize":"","headline":null,"caption":"Asante Gold Corporation","className":"","disableSlideshowImg":false,"size":{"original":{"width":300,"height":136,"url":"https://media.zenfs.com/en/globenewswire.com/7850ea4d9f2762df3b477f4b3e767369"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/vdx9RVxk_Fz5Yv.eUnMYrw--/YXBwaWQ9aGlnaGxhbmRlcjt3PTQyMDtoPTE5MDtjZj13ZWJw/https://media.zenfs.com/en/globenewswire.com/7850ea4d9f2762df3b477f4b3e767369","width":300,"height":136}},"lazy":false},{"type":"text","content":"CEO Dave Anthony and CFO David Wiens to host live, interactive webinar at 8:00am Pacific Time / 11:00am Eastern time / 3:00pm Ghana time on Thursday, May 8.","length":161,"tagName":"p"},{"type":"text","content":"Investors are invited to register at the following link: https://6ix.com/event/asante-gold-corporate-update.","length":108,"tagName":"p"},{"type":"text","content":"VANCOUVER, British Columbia, May 05, 2025 (GLOBE NEWSWIRE) -- Asante Gold Corporation (CSE:ASE | GSE:ASG | FRANKFURT:1A9 | U.S.OTC:ASGOF) (“Asante” or the “Company”) is pleased to announce an updated five-year outlook (2025-2029) highlighting rapid production growth, declining costs, and robust free cash flow generation from its flagship mines in Ghana. The Chirano outlook also incorporates increased mineral reserves, marking the second consecutive year of mine life extension since acquisition by Asante. All dollar amounts are in U.S. dollars unless otherwise noted.  ","length":572,"tagName":"p"},{"type":"text","content":"HIGHLIGHTS ","length":10,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Annual production from Bibiani and Chirano anticipated to grow by 34% to 455,000 ounces in 2026, increasing to more than 500,000 ounces in 2028","length":143,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Cumulative anticipated five-year production of 2.2 million ounces (2025 – 2029), based on reserves only, calculated at $1,700/ounce gold price","length":142,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":142,"olType":false}]}],"tagName":"ul","bulletedList":true,"length":285,"olType":false},{"type":"list","items":[{"val":[{"type":"text","content":"Unlevered free cash flow of $2.1 billion anticipated over the same five-year period (assuming $3,000/ounce gold price)...

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