Story: Mohammed A.Abu
Over a decade of passion and commitment on the part of the Australia Securities Exchange(ASX) listed company ,Castle Minerals Ltd ,is set to give Ghana’s up country’s generally agrarian driven economy, a diversification to commercial gold and Graphite(one of the”Critical Minerals”) production touch.
Gold
The company’s ambitious Wa Gold Project owned by its local subsidiary,Azumah Resources Ghana Ltd,has since earned for the Upper West region in international investor community circles the accolade, ‘The Emerging North Western Gold Province”
The project is located approximately 10km away from the regional capital of Wa. It extends over a total land holding of 3,164km² and comprises three main deposits namely Kunche, Bepkong and Julie along with two satellite deposits Aduane and Collette.
The open pit gold mining project includes a 1.2 million tonne per year carbon-in-leach (CIL) processing plant for treating oxide and transition ore. It is estimated to produce approximately 100,000oz of gold a year over an initial mine life of seven years.
Graphite
In an official announcement today, Monday, Castle Minerals Managing Director,Stephen Stone notes, “Castle Boosts Kambale Graphite Resource to 22.4Mt Higher Confidence Indicated Resource Increased 55% Solid Platform Established to Underpin Development Ambitions”
“Graphite concentrate sample successfully produced during Perth test work is now in Germany undergoing evaluation for its use in lithium-ion batteries (“LiBs”), the announcement disclosed.
The emerging flagship Kambale Graphite Project owned by 100% Ghanaian subsidiary, Kambale Graphite Limited, is located in the country’s Upper West region.
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