The Asmara project consists of four VMS deposits: the Debarwa deposit 25km south of Asmara, and the Northern deposits (Emba Derho, Adi Nefas and Gupo Gold) located 15km north of Asmara. In May 2012, a pre-feasibility study on Asmara projects was completed and a feasibility study was initiated in June 2012. Feasibility study was completed in May 2013. Feasibility study estimated a mine life of 17 years with average annual production of 22kt Cu, 50kt Zn, 26koz Au and 11Moz Ag. The United...
This Copper Metals Mine report provides a detailed analysis of the cost profile, geology, reserves and future production for this mine, as well as a detailed location map.
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The Asmara project consists of four VMS deposits: the Debarwa deposit 25km south of Asmara, and the Northern deposits (Emba Derho, Adi Nefas and Gupo Gold) located 15km north of Asmara.
A feasibility study was completed in May 2013 and amended in 2014. The study estimated a mine life of 17 years with average annual production of 22kt Cu, 50kt Zn, 26koz Au and 665 Koz Ag.
In Q2 2016, Sunridge Gold Corp sold their 60% interest in the Asmara Mining Share Company (AMSC) which owns the project to Sichuan Road & Bridge Mining Investment Development Corp. Ltd (SRBM) for US$65 million in cash, $13.33 million in deferred payments owned to Sunridge from the Eritrean National Mining Corporation (ENAMCO).
Reserves and resources
In this report there are 4 tables or charts, including:
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Asset report | Nov 2016
Asmara copper mine project
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