Business
Julie Expansion to Transform Wa Gold Project
-Higher Reserves, Higher Production and Lower Costs Expected- Material Julie Minera...
About this update from Azarga Metals Corp.
[{"type":"text","content":"\n\n\n-Higher Reserves, Higher Production and Lower Costs Expected- \n\n\nMaterial Julie Mineral Reserve increase anticipated following:\n\n\n84% Mineral Resource uplift to more than 1.0Moz and 33% higher grade to\n ~2g/t Au (prev. 567,000,000oz @ 1.5g/t Au)\n\n\nPreliminary test work indicating 5% increase in primary ore recovery (from 85% in 'Stage One' Feasibility Study)\n\n\nRecent infill drilling of Inferred mineralisation in planned pits \n\n\nReduced mining costs from larger scale operation at expanded pits\n\n\n\n\n\nKunche Mineral Reserve increase (on prev. 238,000oz) expected following recent infill drilling of Inferred mineralisation in\n planned pit\n\n\nUpdated Feasibility Study (due Q4 2013) targeting: \n\n\nHigher annual production to ~100,000oz average (prev. 67,000oz)\n\n\nIncreased plant throughput to 1.3Mtpa (prev. 1.0Mtpa)\n\n\nIncreased head grade to  2.2 - 2.4g/t Au (prev. 2.0g/t Au)\n\n\nLower Life-of-Mine cash costs of >US$700/oz (prev. ~US$802/oz)\n\n\n\n\n\nOther recent Project developments include:\n\nMining Leases recommended to Minister for approval \n\n\nWater Extraction Licence granted to draw from adjacent Black Volta River\n\n\nSurvey completed for 161kV grid power spur line to site\n\n\n\n\n\n\"We are committed to delivering a material uplift in Mineral Reserves on\n the back of the increased Mineral Resource and grade at the growing\n Julie deposit.  This will underpin the repositioning of the Wa Gold\n Project as a higher production, higher grade and lower cost operation.\"\n Azumah Managing Director Stephen Stone said. \n\n\n\"With the excellent support from the Ghana Government in advancing\n permitting and taking grid power to site plus our positive engagement\n with the local community, we believe that the Wa Gold Project could be\n development-ready by the end of 2013.\" \n\n\nTORONTO, June 19, 2013 /CNW/ - Azumah Resources Limited (ASX:AZM\n TSX:AZR) (\"Azumah\" or \"the Company\") is pleased to advise that the\n Feasibility Study update for the Wa Gold Project in northwest Ghana\n ('the Project\") is well on-track to deliver a material increase in\n Mineral Reserves on the back of a substantial expansion of the Julie\n deposit.  This will support the Company's objective of establishing a\n de-risked, development-ready, higher production, higher grade and lower\n cost p...