Asante Gold

Asante Gold Corporation is a Canadian-based gold producer and exploration company with a primary focus on West Africa, specifically Ghana’s Bibiani and Chirano gold mines. Positioned within one of Africa's most prolific gold-producing regions, Asante controls a strategic 53km mineralized corridor, the Bibiani-Chirano Shear Zone, which has yielded over 8 million ounces of gold to date. This corridor includes a vast land package and two processing plants that facilitate efficient, cost-effective gold production.

The company has rapidly established itself as a key player in Ghana’s mining sector, achieving a current production capacity of 215,000 ounces per year, with plans to increase annual production to over 500,000 ounces by 2028. Through its Bibiani and Chirano operations, Asante benefits from substantial existing infrastructure and is positioned to deliver consistent output growth, cost efficiencies, and exploration success across its prospective land holdings.

Asante Gold is committed to responsible and sustainable mining practices, incorporating rigorous environmental, social, and governance (ESG) standards into its operations. With a seasoned management team experienced in global mining operations and a robust pipeline of growth projects, Asante is well-positioned to drive long-term value for its shareholders and stakeholders. The company is publicly listed on the Canadian Securities Exchange (CSE: ASE), Ghana Stock Exchange (GSE: ASG), OTC Markets (ASGOF), and Frankfurt Stock Exchange (FSE: 1A9).

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Asante Gold presents an exceptional investment opportunity within the West African gold sector, driven by its ownership of two strategically positioned, high-potential gold assets—the Bibiani and Chirano mines. Together, these operations establish Asante as a leading gold producer in Ghana, with plans to reach annual production of over 500,000 ounces in the next 4 years. The company’s consolidated land package along the Bibiani-Chirano Shear Zone, an extensive and gold-rich geological formation, supports significant exploration upside, ensuring sustained growth in resources and production well into the future.

Asante’s operational strategy emphasizes efficiency and growth, with substantial infrastructure already in place, including two processing plants with combined capacity exceeding 7.5 million tonnes per annum. This existing infrastructure minimizes capital requirements, accelerates project timelines, and maximizes return on investment. The Bibiani and Chirano mines offer near-term production growth, supported by long-term exploration initiatives aimed at expanding the company’s resource base.

In addition to its economic potential, Asante’s operations are in Ghana, Africa’s largest gold-producing country and a stable Tier 1 mining jurisdiction with a strong workforce, robust infrastructure, and governmental support for mineral development. The company’s commitment to environmental, social, and governance (ESG) practices further enhances its value proposition, with investments in local communities and ongoing efforts to minimize environmental impact.

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Asante Gold Corporation is led by a highly experienced management team with a proven track record in mining operations, project development, and corporate finance across global mining markets. At the helm is CEO and President Dave Anthony, a mining engineer with over 40 years of experience in mine development, design, and operations. Anthony’s career spans major roles in some of the world’s largest mining companies, including Barrick Gold, where he served as COO of African Barrick Gold, and Cardinal Resources, where he led the development of a substantial West African gold asset.

Supporting Anthony is David Wiens, Chief Financial Officer, who brings over two decades of expertise in corporate finance, investor relations, and strategic management within the mining industry. Wiens has extensive experience in financial leadership roles with North American gold producers and has successfully guided companies through capital-intensive development phases.

Asante’s team is further strengthened by Fred Attakumah, Executive Vice President and Country Director. Based in Ghana, Attakumah has over 30 years of mining experience, with a focus on operations management, sustainability, and corporate affairs. His previous executive roles with AngloGold Ashanti and Asanko Gold Ghana have equipped him with deep local and regional knowledge, helping to foster strong relationships with government bodies and communities in Ghana.

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Asante Gold Corporation is executing a dynamic growth strategy centered on expanding its flagship Bibiani and Chirano gold operations in Ghana while driving sustainable value through efficient production and exploration. The company aims to establish itself as a top-tier gold producer by leveraging its significant infrastructure and operational expertise to reach an annual production target of over 500,000 ounces by 2028. This growth plan is supported by ongoing development of the Bibiani underground mine, which is set to begin in 2025, as well as new satellite pits and a pipeline of near-mine exploration projects designed to extend mine life and expand resources.

A key component of Asante’s strategy is maximizing efficiencies at its two processing facilities, located just 15km apart. These plants provide over 7.5 million tonnes of milling capacity per year, offering a streamlined path from exploration success to production. The company’s focus on operational excellence is further enhanced by its capital-light approach, which leverages existing infrastructure to accelerate project timelines and optimize costs.

Sustainability is at the core of Asante’s growth approach. The company integrates high standards of environmental stewardship, community engagement, and governance into its operations, working closely with local communities to ensure responsible development. 

Looking forward, Asante is actively exploring additional landholdings along the Bibiani-Chirano Shear Zone to unlock new resources and support long-term production. Through this multi-faceted growth strategy—combining operational expansion, sustainable practices, and exploration—Asante Gold is positioning itself as a leading, resilient gold producer in West Africa with a strong foundation for future growth.

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Asante Gold Corporation is well-positioned financially to execute its ambitious growth plans, benefiting from substantial existing infrastructure and a streamlined production pipeline. Asante’s recent $525 million financing package ensures the resources needed to drive growth initiatives and strengthen the balance sheet, including a combination of debt, equity, and gold stream financing.

The Bibiani and Chirano projects are forecasted to deliver robust cash flows as production ramps up. By capitalizing on its efficient operational base and low-cost production profile, Asante aims to sustain strong cash generation and competitive all-in sustaining costs (AISC), enhancing its financial resilience and investor appeal.

In addition to funding organic growth, Asante remains open to strategic partnerships and joint ventures that can support long-term value creation. The company is committed to maintaining a disciplined financial approach, balancing reinvestment in growth with a focus on maximizing shareholder returns. Through its well-funded growth strategy and cost-efficient operations, Asante Gold is positioned to create sustained financial value as a premier gold producer in Ghana.

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Asante Gold Corporation is emerging as a leading gold producer in West Africa, backed by its strategic assets in Ghana and a clear path to sustainable growth. With its flagship Bibiani and Chirano mines, Asante controls one of the most prospective gold corridors in the region, supported by extensive infrastructure that enables efficient production and cost-effective expansion. The company’s plan to reach over 500,000 ounces of annual production by 2028 underscores its commitment to becoming a premier gold producer in Africa.

Asante’s seasoned management team, disciplined financial approach, and robust ESG commitments further strengthen its position. The company’s dedication to responsible mining practices and community engagement has established it as a trusted operator in Ghana, focused on delivering long-term value for shareholders and stakeholders alike.

For investors seeking exposure to a high-growth, sustainable gold company with a strong foothold in one of the world’s top mining jurisdictions, Asante Gold offers a compelling opportunity. With its efficient operations, significant exploration upside, and resilient growth strategy, Asante is poised to create substantial value and establish itself as a leader in the gold mining industry.

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