Production

Production

Our Gold Mine comprises two large deposits, Nkran (currently in production) and Esaase, a number of satellite deposits (Abore, Asuadai, Akwasiso, Dynamite Hill, Nkran Extension, Adubiaso and Adubiaso Extension) and a 3Mtpa carbon-in-leach (CIL) processing plant facility.

It is wholly-owned by 24Carat, with a 10% free carried interest held by the Government of Ghana that becomes effective once commercial production is declared.

The Nkran deposit is located within the Kumasi Basin on the "Asankrangwa gold belt". The basin is bound to the south by the Ashanti Fault/Shear and the Bibiani shear to the north. The Asankrangwa gold belt expresses itself as a complex of northeast trending shear zones situated along the central axis of the Kumasi Basin. The Nkran deposit is located on a jog along the regional Nkran Shear, which is a zone of about 15 km in width and may be traced on a northeast to southwest trend for a distance of some 150 km. This is one of several major northeast trending shears/structures that bisect the Kumasi Basin/Asankrangwa Gold Belt.