Ghana (Gold) – In February of 2021, Emiral formed a local wholly owned subsidiary — Emiral Resources Ghana Ltd.
Emiral took an active interest in Ghana, the country primarily known for its gold reserves.
In August 2021, the company acquired a 19.7% stake in Asante Gold, with Emiral’s CEO, Alexander Smirnov, joining Asante’s board. The $45 million investment into Asante Gold is part of an institutional placement and share purchase plan for their acquisition of Resolute’s Bibiani Gold Mine.
Highlights
- Asante Gold is a publicly traded Canadian company (CNSX: ASE)
- Emiral’s investments in the company totals $45 mln
- Bibiani & Chirano mines:
- residual resources – 5,2 Moz (162 t) of gold
- 400-450 koz (12,5-14 t) of gold production annually
- ongoing Bibiani underground & satellite pits, Chirano open pit and underground mine development and updated resources
- extensive regional exploration and expansion potential, including near mine exploration program to expand mines life from ~8 years to 10+ years