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NOBLE MINERAL RESOURCES LIMITED - ASX: NMG
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Description
Noble Mineral Resources Limited is an ASX-listed company (ASX Code: NMG) that is exploring for and developing large-scale gold deposits in the world-class goldfields of Ghana, West Africa. Production is set to commence at the Company’s flagship Bibiani Gold Project during the second quarter of 2011, ramping up to a stable production rate of +150,000ozpa by 2012 and propelling Noble into the ranks of West Africa’s mid-tier gold producers.
The Bibiani Project is located in the Sefwi-Bibiani Gold Belt in Ghana, which boasts a total gold endowment of more than 30 million ounces and hosts the world-class Ahafo (16Moz) and Chirano (5Moz) gold mines. The Bibiani Project has a current JORC-compliant mineral inventory of 2.0Moz of resources, including 605,000oz of reserves, and a 2.7Mtpa Carbon-in-Leach (CIL) Gold Processing Facility. The Project has a 10-year mine life based on current mining parameters.
An aggressive exploration program is also underway to add substantially to the existing resource base at Bibiani, with recent drilling returning spectacular high-grade results from near mine targets. In addition to the Bibiani Project, Noble holds the Cape Three Points and Tumentu Gold Projects, both located within the southern extension of the Ashanti Gold Belt.
Mine For
gold, nickel, copper, platinunm group elements
Location of operation(s)
Ghana, Western Australia
Address
15 Bowman St
SOUTH PERTH, WA, AUSTRALIA
Phone
(61 8) 9474 6771
Website
Last Updated
7/3/2011
The data on Australian Shares.com is intended as a guide only and is provided purely as an indication of what information can be found through official announcements. Data on this website should not be used to make an investment or trading decision. All information should be carefully cross-checked against official sources for accuracy. The publisher (Intaanetto Pty Ltd) will not be held liable for any loss arising from the use of this website.
