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ASANTE ANNOUNCES CLOSING OF ACQUISITION OF THE CHIRANO GOLD MINE IN GHANA

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Wednesday, August 10, 2022
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In connection with the closing of the Chirano Acquisition (Closing), the Purchase Agreement was amended to, among other things, reduce the cash consideration payable by Asante on Closing.

Key Points: 
  • In connection with the closing of the Chirano Acquisition (Closing), the Purchase Agreement was amended to, among other things, reduce the cash consideration payable by Asante on Closing.
  • Canaccord Genuity Corp. and Durose Asset Management Inc. acted as financial advisors to Asante, and Bennett Jones LLP acted as legal advisor to Asante, in connection with the Chirano Acquisition.
  • Chirano is an operating open-pit and underground mining operation located in southwestern Ghana, immediately south of the Companys Bibiani Gold Mine.
  • Asante is a gold exploration, development and operating company with a high-quality portfolio of projects in Ghana.

Asante Announces US$140M Forward Gold Purchase Agreement

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Friday, July 15, 2022
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Through this facility Asante obtains an immediate and non-dilutive financing, repayable from gold production.

Key Points: 
  • Through this facility Asante obtains an immediate and non-dilutive financing, repayable from gold production.
  • Asante is a gold exploration, development and operating company with a high-quality portfolio of projects in Ghana.
  • Asante is currently operating the Bibiani Gold Mine with forecast production of 175,000 oz of gold over the next 12 months, is completing the acquisition of the Chirano Gold Mine from Kinross Gold Corporation (the Chirano Acquisition), and is developing to production its Kubi Gold mine, all located on the prolific Bibiani and Ashanti Gold Belts.
  • Bibiani is a historically significant gold mine situated in the western region of Ghana, with previous gold production close to 5 Moz.

Asante Announces First Gold Pour at Bibiani Gold Mine

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Thursday, July 7, 2022
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VANCOUVER, British Columbia, July 07, 2022 (GLOBE NEWSWIRE) -- Asante Gold Corporation (CSE:ASE | GSE:ASG | FRANKFURT:1A9 | U.S.OTC:ASGOF) (Asante or the Company) is pleased to announce that the first gold pour at the Bibiani Gold Mine has been completed successfully with process of gravity gold concentrate recovered by the Knelson Concentrator.

Key Points: 
  • VANCOUVER, British Columbia, July 07, 2022 (GLOBE NEWSWIRE) -- Asante Gold Corporation (CSE:ASE | GSE:ASG | FRANKFURT:1A9 | U.S.OTC:ASGOF) (Asante or the Company) is pleased to announce that the first gold pour at the Bibiani Gold Mine has been completed successfully with process of gravity gold concentrate recovered by the Knelson Concentrator.
  • In September 2021, Asante announced start of the refurbishment process and the Companys plan to pour gold in Q3 2022.
  • Asante is currently focused on closing the acquisition of the Chirano Gold Mine from Kinross Gold Corporation and developing to production its Bibiani and Kubi Gold mines located on the prolific Bibiani and Ashanti Gold Belts.
  • The Bibiani Gold Mine is a historically significant Ghanaian gold mine situated in the Western North region of Ghana.

ASANTE GOLD ANNOUNCES BIBIANI GOLD MINE START OF PROCESS PLANT OPERATIONS

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Thursday, June 2, 2022
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Vancouver, British Columbia, June 02, 2022 (GLOBE NEWSWIRE) -- Asante Gold Corporation (CSE: ASE/ FRANKFURT: 1A9/U.S.OTC: ASGOF) (Asante or the "Company") is pleased to announce the successful refurbishment, commissioning and start of operation of the Process Plant and associated equipment at the Bibiani Gold Mine.

Key Points: 
  • Vancouver, British Columbia, June 02, 2022 (GLOBE NEWSWIRE) -- Asante Gold Corporation (CSE: ASE/ FRANKFURT: 1A9/U.S.OTC: ASGOF) (Asante or the "Company") is pleased to announce the successful refurbishment, commissioning and start of operation of the Process Plant and associated equipment at the Bibiani Gold Mine.
  • With the support of its key contractors, Asante remains on track to pour gold in the third quarter of 2022.
  • With the Process Plant operational, Asante is now ready to advance with Start of Operations.
  • Asante is a gold exploration, project development and operations company with a high-quality portfolio of projects in Ghana, Africas largest and most reliable gold producer.

ASANTE ANNOUNCES UPDATE REGARDING ACQUISITION OF THE CHIRANO GOLD MINE

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Wednesday, June 1, 2022
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Vancouver, British Columbia, June 01, 2022 (GLOBE NEWSWIRE) -- Asante Gold Corporation (CSE:ASE | FRANKFURT:1A9 | U.S.OTC:ASGOF) ("Asante" or the "Company") announces that the closing of its previously-announced acquisition (the "Chirano Acquisition") of the Chirano Gold Mine (the "Chirano Gold Mine") has been temporarily delayed pending resolution of certain outstanding administrative matters.

Key Points: 
  • Vancouver, British Columbia, June 01, 2022 (GLOBE NEWSWIRE) -- Asante Gold Corporation (CSE:ASE | FRANKFURT:1A9 | U.S.OTC:ASGOF) ("Asante" or the "Company") announces that the closing of its previously-announced acquisition (the "Chirano Acquisition") of the Chirano Gold Mine (the "Chirano Gold Mine") has been temporarily delayed pending resolution of certain outstanding administrative matters.
  • The Chirano Gold Mine is an operating open-pit and underground mining operation located in southwestern Ghana, immediately south of the Company's Bibiani Gold Mine.
  • The Chirano Gold Mine was first explored and developed in 1996 and began production in October 2005.
  • Asante is a gold exploration, project development and operations company with a high-quality portfolio of projects in Ghana, Africas largest and most reliable gold producer.

ASANTE ANNOUNCES PURCHASE OF CHIRANO GOLD MINE IN GHANA

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Monday, April 25, 2022
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Vancouver, British Columbia, April 25, 2022 (GLOBE NEWSWIRE) -- Asante Gold Corporation (CSE:ASE | FRANKFURT:1A9 | U.S.OTC:ASGOF) (Asante or the Company) is pleased to announce that it has entered into a share purchase agreement with Kinross Gold Corporation (Kinross) to acquire Kinross 90% interest in the Chirano Gold Mine (Chirano) for a total consideration of US$225 million (the Chirano Acquisition).

Key Points: 
  • Vancouver, British Columbia, April 25, 2022 (GLOBE NEWSWIRE) -- Asante Gold Corporation (CSE:ASE | FRANKFURT:1A9 | U.S.OTC:ASGOF) (Asante or the Company) is pleased to announce that it has entered into a share purchase agreement with Kinross Gold Corporation (Kinross) to acquire Kinross 90% interest in the Chirano Gold Mine (Chirano) for a total consideration of US$225 million (the Chirano Acquisition).
  • Dave Anthony, President and CEO of Asante, stated: We are excited to add the Chirano operation to our base of gold production in Ghana.
  • Asante has deep ties to Ghana and is committed to sharing the benefits of its activities with the local community and Ghana.
  • Asante is a gold exploration, development and operating company with a high-quality portfolio of projects in Ghana, Africas largest and most reliable gold producer.

Asante Gold Enters into Exclusivity Agreement with Kinross Gold to Purchase Chirano Gold Mine in Ghana

Retrieved on: 
Wednesday, April 6, 2022
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Chirano is an open-pit and underground mining operation located in southwestern Ghana, immediately south of the Companys Bibiani Gold Mine.

Key Points: 
  • Chirano is an open-pit and underground mining operation located in southwestern Ghana, immediately south of the Companys Bibiani Gold Mine.
  • Asante is a gold exploration, development, and operating company with a high-quality portfolio of projects in Ghana, Africas largest and most reliable gold producer.
  • Asante is currently focused on developing to production its Bibiani and Kubi Gold mines located on the prolific Bibiani and Ashanti Gold Belts.
  • Bibiani is a historically significant gold mine situated in the western region of Ghana, with previous gold production close to 5 Moz.