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SIGNATURE METALS LIMITED - ASX: SBL
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Description
Signature Metals Limited is an Australian based minerals exploration company whose primary objective is to deliver long-term shareholder value. The Company strives to achieve this through the discovery, acquisition and development of economic mineral deposits.
Signature Metals has assembled a package of quality resource projects in Africa. The Companys flagship asset is the Konongo Gold Project in the world class Ashanti Gold Belt of Ghana. The Company also controls large exploration licences and applications in Kenya and Uganda that are prospective for iron ore, nickel and copper.
Konongo Gold Project
Signature Metals Limited has acquired 70% of the multi million ounce Konongo Gold Project located in the world class Ashanti Gold Belt of Ghana. Past production from the Project totalled 1.6 million ounces at a head grade of 11.8g/t gold. The Company is focussed on developing the Konongo Gold Project into a +100,000 ounce per annum gold producer from the existing JORC Resources of over 1.2 million ounces.
The Konongo Gold Project comprises 192km2 of granted tenure and contains 16 known gold deposits along 12 kilometres of strike of the Ashanti Gold Belt. The project currently has JORC compliant resources of 23.4 million tonnes at a grade of 1.95g/t in the Indicated and Inferred categories for a total of 1.47 million ounces of gold. Additionally, significant infrastructure remains on site including a 350ktpa CIL plant. The Company is well advanced in the refurbishment of this plant with first gold production expected in Q1 2011.
Mine For
gold
Location of operation(s)
Ghana
Address
Level 1, 33 Richardson St
WEST PERTH, WA, AUSTRALIA
Phone
(08) 9481 0101
Website
http://www.signaturemetals.com.au/
Last Updated
4/02/2011
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.
