Asmara copper mine project

Table of contents

• Key facts
• 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 16.3 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
• Geology
  • Debarwa
  • Emba Derho
  • Adi Nefas
  • Gupo
• Reserves and resources
• Costs
  • CAPEX
• Timeline

Tables and charts

This report includes 4 images and tables including:

• Key facts: Table 1
• Detailed map
• Reserves and resources: Table 1
• Reserves and resources: Table 2

What's included

This report contains: