Asset Report

Asmara gold mine project

Get this report

$1,800

You can pay by card or invoice

Contact us

Submit your details to receive further information about this report.

For details on how your data is used and stored, see our Privacy Notice.
 

- Available as part of a subscription
- FAQ's about online orders

15 December 2017

Asmara gold mine project

Report summary

The project is owned and operated by Sunridge Gold. There are 4 advanced deposits, the Gupo (gold), Debarwa (Cu-Au), Adi Nefas (Zn-Cu-Au) and the Emba Derho (Cu-Zn-Au). A feasibility study completed on the project has average annual production of 65Mlb Cu, 184Mlb Zn, 42koz Au and 1Moz Ag. 

Table of contents

  • Key facts
    • 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
    • Debarwa
    • Emba Derho
    • Adi Nefas
    • Gupo
  • Reserves and resources
    • 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:

  • Document

    Asmara gold mine project

    PDF 2.69 MB

  • Document

    Asmara gold mine project

    XLS 121.00 KB

Other reports you may be interested in

Browse reports by Industry Sector