Company Information for Azumah Resources Ltd

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ASX; AZM View full financial data

Company Statement

Azumah Resources Limited (ASX: AZM) is an Australian-based company focused on the exploration and development of the 100%-owned Wa-Lawra Gold Project in northwest Ghana, West Africa.
The Wa-Lawra Project contains a JORC compliant Indicated and Inferred resource of over 754,000 ounces of gold - including 516,000oz at the Kunche deposit and 212,000oz at Bepkong, with a large number of exciting additional targets now being drilled.

Current Operations

Wa Lawra Project Highlights

• Land holding of 3,157km2, including over 100km strike of prospective Birimian greenstone belt - a geological setting known to host world class gold deposits throughout Ghana and West Africa.
• Gold resource at the Kunche deposit of 8.5 million tonnes @ 1.9g/t gold for 516,000 ounces, with the mineralisation remaining open in all directions.
• Initial metallurgical results indicate recoveries of over 90% on typical resource-grade Kunche mineralisation using conventional gold processing technology.
• Between 25% and 40% of the gold is likely to be recoverable using a preliminary gravity separation phase, which should impact favourably on bottom line operating costs.
• Gold resource at the Bepkong deposit of 2.97 million tonnes @ 2.2g/t gold for 212,000 ounces, with mineralisation remaining open to the north and at depth.
• Recent acquisition of the nearby Wa Project, including several advanced-stage, drill confirmed targets with strong potential for near-term, low-cost, near-surface resource delineation.
• Considerable exploration upside, with numerous defined targets and untested geochemical gold anomalies.

Azumah’s aim is to upgrade this initial resource base to 1-2 million ounces of gold to underpin a long-life open pit mining operation.

Geographical Spread

Ghana, West Africa

Board of Directors and Key Management

Executive Chairman	Stephen Stone
Non-Executive Directors	Joe Ariti, Michael Ivey
General Manager	Bernard Aylward
Company Secretary	Dennis Wilkins

Company Address Suite 1, 2 Richardson St WEST PERTH, Western Australia, Australia 6005 Telephone: +61 8 9486 7911 Facsimile: +61 8 9486 4417 Email: info[at]azumahresources.com.au Website: http://www.azumahresources.com.au

Additional Address/Key Contact Stephen Stone Mb: +61 (0) 418 804 564 stone@azumahresources.com.au

Capital 94.1M ord shares 13.25M unlisted options

Annual General Meeting November, Perth

Year End 30 June

Major Shareholders

Macquarie Bank	13%
Original Vendor & IPO Group	31%
Board & Management	6%

Related News

29/06/09 - Azumah Resources Heads Towards Production, As The Latest Drill Results From The Wa Project In Ghana Come Up Trumps
03/03/09 - Azumah’s Acquisition Of Crew Gold’s Ghanaian Ground Should Take It Over The One Million Ounce Mark
01/09/08 - Less Green And Red Tape In Ghana Means Azumah Resources Can Work Its Kunche Gold Project Up Quick Smart
13/02/08 - Azumah Rebuilds After A Horrid Start

Most Recent Statement

29/06/09 - High-grade Gold Intersections at Collette and Julie
01/06/09 - Azumah Proceeds with WA Project Purchase
19/05/09 - Private Placement raises $5.25m
29/04/09 - March 2009 Quarterly Operations and Cashflow Report
06/04/09 - Further Drilling Success
03/03/09 - New Gold Acquisition