Azumah Resources Limited
(ASX:AZM) has boosted its ore reserves by 45 per cent at its Wa Gold Project in North West Ghana.
The Perth based gold explorer and developer says the 624,000 ounces underpin an initial seven year mine life for the project.
Managing Director Stephen Stone has outlined a number of factors confirming the Wa Gold Project’s development credentials.
Azumah expects to complete the feasibility study in the next quarter as it continues to pursue environmental permitting, infrastructure arrangements and supply contracts.
The company has advised it remains fully funded to complete the study, continue permitting applications and undertake exploration plans.
Azumah Resources reported a net loss of $1.55 million in the first half of the 2014 financial year.
