Asante Gold Corporation (CSE:ASE / FRANKFURT:1A9) is a Vancouver, Canada based gold exploration and development company, focused on developing high margin low CAPEX gold projects in Ghana, Africa's largest and safest gold producer. Senior management and advisors have previously developed 18 million ounces of gold resources in Ghana and managed its largest underground mine.
We have announced plans to develop our Kubi Gold Project as a 550 tpd underground gold mine under the former AngloGold Ashanti open pit Kubi Gold Mine. Kubi adjoins to the south of AngloGold Ashanti's 66 million ounce Obuasi Gold Mine, one of the World's greatest orebodies. We also operate the Keyhole and Betenase options and Fahiakoba exploration project, all located near the center of Ghana's Golden Triangle and all with significant high-grade gold discoveries and multi-million-ounce exploration upside.
We plan to develop our gold projects in a safe and environmentally sustainable way by utilizing new green technology and methods where possible. Kubi will be powered by a planned 4Mw solar plant.
Asante is currently in the market for CAPEX funding to put Kubi back into production - via either joint venture, a gold forward sale, or other acceptable financing. The company is earning up to a 90% direct interest in the Kubi Mining Lease (subject to final closing and Governmental and third party royalties).