Asante Gold's Feasibility Study Promises Extended Life for Bibiani Mine
Jan 14, 2025

Asante Gold's Feasibility Study Promises Extended Life for Bibiani Mine

In a recent development, Asante Gold released a definitive feasibility study (DFS) confirming the potential to extend the Bibiani mine's operational life by at least seven years. This extension will be achieved through mining the underground reserves beneath the existing open pits.

The DFS builds upon Asante's previously articulated underground strategy, initially detailed at the prefeasibility level in April 2024. The study focuses on the underground extraction from the Bibiani Main and Walsh orebodies, with total reserves estimated at nearly 12 million tonnes grading 2.36 g/t gold. Over seven years, gold production is projected to reach 798,000 ounces, with an all-in sustaining cost of $1,035 per ounce. The project boasts a post-tax net present value of $516 million and a 71% internal rate of return.

IndexBox data indicates that Ghana's export value for vegetables, specifically those uncooked or cooked by steaming or boiling in water, frozen, was $29,000 in 2024, showing an increase from $23,800 in 2023. This is contrasted by the import value, which reached $274,800 in 2024, up from $177,700 in 2023.

Asante plans to phase in the underground project alongside open-pit mining, with an initial capital outlay of $116 million over two years, net of pre-completion revenue from 33,000 ounces produced. As the underground project progresses, the company will utilize the existing Bibiani plant, which was recommissioned in mid-2022.

Asante CEO Dave Anthony expressed optimism about Bibiani's future, highlighting a target of achieving annual production exceeding 250,000 ounces by 2026. Additionally, the company's growth initiatives include the newly completed Bibiani-Goaso Highway bypass and the anticipated availability of a new sulphide treatment plant by Q2 2025.

Source: IndexBox Market Intelligence Platform

  1. 1. INTRODUCTION

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    1. REPORT DESCRIPTION
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  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. CONSUMPTION BY COUNTRY
    3. MARKET FORECAST TO 2030
  4. 4. MOST PROMISING PRODUCT

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    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
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  9. 9. GLOBAL EXPORTS

    The Largest Exporters on The Market and How They Succeed

    1. EXPORTS FROM 2012–2024
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  10. 10. PROFILES OF MAJOR PRODUCERS

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  12. LIST OF TABLES

    1. Key Findings In 2024
    2. Market Volume, In Physical Terms, 2012–2024
    3. Market Value, 2012–2024
    4. Per Capita Consumption, By Country, 2018–2024
    5. Production, In Physical Terms, By Country, 2012–2024
    6. Imports, In Physical Terms, By Country, 2012–2024
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    8. Import Prices, By Country Of Destination, 2012–2024
    9. Exports, In Physical Terms, By Country, 2012–2024
    10. Exports, In Value Terms, By Country, 2012–2024
    11. Export Prices, By Country Of Origin, 2012–2024
  13. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2024
    2. Market Value, 2012–2024
    3. Consumption, By Country, 2024
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    5. Market Value Forecast to 2030
    6. Products: Market Size And Growth, By Type
    7. Products: Average Per Capita Consumption, By Type
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    9. Products: Export Prices And Growth, By Type
    10. Production Volume And Growth
    11. Exports And Growth
    12. Export Prices And Growth
    13. Market Size And Growth
    14. Per Capita Consumption
    15. Imports And Growth
    16. Import Prices
    17. Production, In Physical Terms, 2012–2024
    18. Production, In Value Terms, 2012–2024
    19. Production, By Country, 2024
    20. Production, In Physical Terms, By Country, 2012–2024
    21. Imports, In Physical Terms, 2012–2024
    22. Imports, In Value Terms, 2012–2024
    23. Imports, In Physical Terms, By Country, 2024
    24. Imports, In Physical Terms, By Country, 2012–2024
    25. Imports, In Value Terms, By Country, 2012–2024
    26. Import Prices, By Country, 2012–2024
    27. Exports, In Physical Terms, 2012–2024
    28. Exports, In Value Terms, 2012–2024
    29. Exports, In Physical Terms, By Country, 2024
    30. Exports, In Physical Terms, By Country, 2012–2024
    31. Exports, In Value Terms, By Country, 2012–2024
    32. Export Prices, 2012–2024

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