Analysis Of Gold Deposits Announced By Teranga, Including Passendro (AXM's Mine)
posted on
Dec 12, 2019 08:49AM
2+ Million Ounces Of Proven Gold In 43-101 & Gold Royalty
TGZ Announced an acquisiton of Barrick Gold's Massawa gold deposit in Senegal. But with that, they also mentioned several of the best open pit gold deposits in Africa. Below you can see exactly what Teranga Gold posted, along with a comparison chart of everything
(2) The highest grade undeveloped open-pit gold reserve in Africa statement is based on publicly filed data available on S&P Capital IQ as at Nov. 15, 2019, and includes the following projects: Sanbrado project (Burkina Faso), Tulu Kapi project (Ethiopia), Passendro project (Central African Republic), Yaoure (Ivory Coast), Wa-Lawra project (Ghana), Baomahun (Sierra Leone), (Block 14) Sudan, (Bombore) Burkina Faso. Other companies may calculate their respective reserves base differently.
Sanbrado project (Burkina Faso) - https://www.westafricanresources.com/projects/sanbrado-project/
Resource: 2.4 million ounces indicated at 1.9g/t Au + 684k ounces inferred
Owner: West African Resources Ltd (ASX:WAF) – Market Cap $350 Million AUD
Tulu Kapi project (Ethiopia) - https://www.kefi-minerals.com/projects/ethiopia/tulu-kapi/resources-reserves
Resource: 1.72 million ounces indicated at 2.12g/t Au + very little inferred resource
Owner: Kefi Minerals (AIM: KEFI) – Market Cap £13.60 Million Pounds
Passendro project (Central African Republic) -http://www.axmininc.com/images/axmin_presentation_8jun2018.pdf
Resource: 2.03 million ounces indicated at 2.0g/t Au + 1.1 million ounces inferred
Owner: Axmin Inc. (TSXV: AXM / OTCBB: AXMIF / FRA: A4JN) – Market Cap $47 Million CAD
Yaoure (Ivory Coast) - https://perseusmining.com/wp-content/uploads/2019/10/Fact-Sheet-Yaoure-Rev4.pdf
Resource: 1.9 million ounces indicated at 1.4g/t Au + 1.5 million ounces inferred
Owner: Perseus Mining Ltd. (TSX:PRU) – Market Cap $1.05 Billion CAD
Wa-Lawra project (Ghana) - https://www.azumahresources.com.au/projects-reservesnresources.php
Resource: 1.78 million ounces indicated at 1.8g/t Au + 982k ounces inferred
Owner: Azumah Resources Ltd. (ASX: AZM) – Market Cap $33 Million AUD
Baomahun (Sierra Leone) – Purchased by Perseus Mining in 2016 : https://www.juniorminingnetwork.com/junior-miner-news/press-releases/508-tsx/pru/16981-recommended-combination-of-perseus-mining-limited-and-amara-mining-plc.html
Block 14 project (Sudan) - http://orcagold.com/assets/docs/presentations/Orca-Gold_FS-PRESENTATION.pdf
Resource: 2 million ounces indicated at 1.2g/t Au + 375k ounces inferred
Owner: Orca Gold (TSXV: ORG) – Market Cap $66 Million CAD
Bombore (Burkina Faso) - https://www.orezone.com/en/bombore-project/resources-reserves/
Resource: 4.17 million ounces indicated at 0.69g/t Au + 1.1 million ounces inferred
Owner: Orezone Gold Corporation (TSXV:ORE) – market Cap $143 Million CAD