Asset report
Asmara copper mine project
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Report summary
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...
What's included
This report contains
Table of contents
- Key facts
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Summary and key issues
- Summary
- 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.
- Key issues
- 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).
- Location maps
- Participation
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Geology
- Debarwa
- Emba Derho
- Adi Nefas
- Gupo
- Reserves and resources
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Costs
- CAPEX
- Timeline
Tables and charts
This report includes 4 images and tables including:
Images
- Detailed map
Tables
- Key facts: Table 1
- Reserves and resources: Table 1
- Reserves and resources: Table 2
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