(Kitco News) - Asante Gold (CSE: ASE) announced Thursday that the first gold pour at the Bibiani gold mine in Ghana has been completed successfully with process of gravity gold concentrate recovered by the Knelson Concentrator.
Asante acquired the Bibiani gold mine in August 2021 and completed its project execution plan that included refurbishment and upgrade of the process plant, tailings storage facility and mine site infrastructure.
In September 2021, Asante announced start of the refurbishment process and the company’s plan to pour gold in Q3 2022.
In early June 2022, Asante announced the start of commissioning and operation of the Bibiani process plant. Hot commissioning of the gold refinery was completed on July 7th.
The company said that this is the final operating area of the process plant to be commissioned, adding that scale up of production is continuing as planned, including collection of gold on carbon, leading to delivery of approximately 175,000 oz gold over the next 12 months.
Asante is a gold exploration, development, and operating company with a portfolio of projects in Ghana. Asante is currently focused on closing the acquisition of the Chirano gold mine from Kinross Gold and developing to production its Bibiani and Kubi gold mines located on the prolific Bibiani and Ashanti Gold Belts.
The Bibiani gold mine is a historically significant Ghanaian gold mine situated in the Western North region of Ghana. Bibiani has previous production of +4Moz, is fully permitted with available mining and processing infrastructure on site consisting of a 3 million tonne per annum mill and processing plant.
Chirano is an operating open-pit and underground mining operation located in southwestern Ghana, immediately south of the company’s Bibiani gold mine. Chirano was first explored and developed in 1996 and began production in October 2005. Gold equivalent production in 2021 was 154,668 oz on a 100% basis.
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