Ashanti Gold. This depicts a modified version of cartridge belts worn by Europeans, with extra pouches and slits for holding knives. vancouver, british columbia, feb. 28, 2022 (globe newswire) -- asante gold corporation (cse:ase/ frankfurt:1a9/u.s.otc:asgof) ("asante" or the "company") is pleased to announce that following. The assay results improved the existing deposit model and supported the extension of the Walsh satellite pit. Asante is a gold exploration, development and operating company with a high-quality portfolio of projects and mines in Ghana. Asante is . Under a finder's fee agreement with Induusi Resources Public Limited ("Induusi"), the Company acknowledged Induusi's prior interest in the Chirano Acquisition. The following are some of the organizational achievements for which we are particularly proud. On July 7, 2022, the Company announced the first gold pour achieving the Company's objective of becoming a gold producer during Q3 2022. At the time of acquisition, the Bibiani Gold Mine was on a care and maintenance basis since Ashanti Goldfields exited the project in 2006 when the price of gold was US$650 per ounce. Asante is a gold exploration, development and operating company with a high-quality portfolio of projects and mines in Ghana. Asante has . Asante Rogue Regional Medical Center earns prestigious Baby-Friendly designation November 1, 2022. The King of the Ashanti Kingdom. The British ransacked the palace of the Asantehene, Kofi Karikari, and imposed an indemnity of 50,000 ounces of gold, part of which the Asante managed to pay by handing over gold beads and other worked jewellery. These options were granted for a period of two and five years, respectively, with vesting as to 20% on the date of grant, and 20% at three, six, nine and 12 months from the date of grant. Accordingly, the Board appointed a Special Committee of Independent Directors to assess and negotiate the purchase of the Induusi interests. In August 2021 the Company acquired the Bibiani Gold Project in Ghana from Resolute Mining Limited ("Resolute"). Follow-up drill holes are planned along strike to the north and south of the discovery hole. Project location: Ghana Website: www.asantegold.com Corporate presentation: Click here Asante is a gold exploration, development and operating company with a high-quality portfolio of projects in Ghana. Despite their enduring and active resistance, on 1 January 1902 the Asante people became a British protectorate. Asante State was one of few African states able to offer serious resistance to European colonisers. See Other Properties and Exploration Expenditures for further details. This, along with their history, makes them very influential both politically and economically. Asante is currently operating the Bibiani and Chirano Gold Mines with a combined forecast production of 335,000 oz of gold over the next 12 months. Today, post-independence, the Asantehene continues to be an important cultural figure and patron of the arts. Goldweight, Asante (Ashanti), Ghana, 19th century. This MD&A should be read in conjunction with the Company's unaudited condensed interim consolidated financial statements for the three and six months ended July 31, 2022 and the audited consolidated financial statements for the year ending January 31, 2022 including the related note disclosures. October production. During the tenure of its ownership, Resolute completed 50,500 metres of drilling and issued a feasibility study update in July 2018. Awards and recognition Asante has earned widespread recognition for extraordinary quality, outstanding patient care and dedicated leadership. The majority of the 15 goldweights in the V&A's collection were purchased in 1969 and 1971 from ethnographic and antique outlets in London. This was achieved through the purchase of the issued common shares of Mensin Bibiani Pty Ltd representing ownership of 90%, with the Ghanaian Government retaining a 10% free carried interest in the operations. Asante has also made a strategic investment in Roscan Gold Corporation. The Ghanaian government will retain the remaining 10% interest in the Chirano Gold Mine. Induusi has two common directors with the Company and the conflicting interest was declared. The global pandemic outbreak of COVID-19 in February 2020 has had limited impact on the day-to-day activities of the Company thus far and various exploration programs including geophysics, trenching, auger drilling and diamond drilling have continued whilst maintaining health protocols. The annual interest rate of this gold forward facility is 7.53%. Natural gold resources in the dense forests of southern Ghana brought wealth and influence to the Asante (Ashanti) people. We use cookies to enhance your experience on V&A websites. Asante is focused on. In the 19th century the Asante were threatened by British traders and colonial officials who wished to end Asante control of coastal towns and trade routes. By the first quarter next year, Asante targets to boost the throughput to 250,000 tonnes. Gold production will continue to ramp up to ~20,000 oz per month by early 2023. In March 2021, the Company undertook a review of its strategic planning which led to a refocus on becoming a gold producer in the near term. Presentation Bibiani, Chirano, and Kubi Gold Development Projects In January 31, 2022, the group had 5 mining projects (Bibiani, Fahiakoba, Betenase, Keyhole and Kubi). On September 1, the Company announced the grant of 1,540,000 stock options to certain officers, employees and consultants of the Company at an exercise price of $1.50 per share. In 1926 the Asantehene was given ceremonial control over Kumasi and in 1935 the full role was restored but limited to ceremonial functions. Asante Gold team is a diverse network of consultants and industry professionals with a global mindset and a collaborative culture. March, 2021, the Members of Asante Team at Fahiakoba: Mr. Douglas MacQuarrie and Mr. Malik Easah, Bibiani Plant Refurbishment, December 2021, A Gold Stars F.C. Gold production in September was above 9,300 ounces, 17% above the Company's start up plan. In connection with the closing of the Chirano Acquisition ("Closing"), the Company paid Kinross US$60 million in cash and issued 34,962,584 common shares in the capital of the Company having a total value of approximately US$36.2 million based on a price of CAD$1.335 per common share, which is the volume-weighted average trading price of the Common Shares on the CSE for the 30 trading days ending August 9, 2022. The initial gold delivery to the gold refinery commenced on July 25, 2022 and was sold in early August 2022. Asante plans to increase throughput to 250,000 tonnes ore per month by Q1 2023. Post acquisition in August 2021, Asante completed its project execution plan that included the refurbishment and upgrade of the Process Plant, Tailings Storage Facility and Mine Site Infrastructure. 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Asante is currently operating the Bibiani and Chirano Gold Mines with a combined forecast production of 335,000 oz of gold over the next 12 months. The Company applied the remaining net proceeds of the private placement, together with existing cash to complete the refurbishment of the Bibiani Process Plant and working capital. 15:42 MIN 253 At a political level, gold indicated the kingdom's dominance over rivals. Asante is . Receipt of these permits follow an extensive process of scoping studies, presentation and detailed review of the Environmental Impact Study, public consultation and review . On June 29, 2022, the Company announced that its application for a secondary listing on the Main Market of the Ghana Stock Exchange received final approval from the Ghana Securities and Exchange Commission and the Ghana Stock Exchange to commence trading under the symbol ASG. Principal Business and Corporate Developments. The Board, excluding the conflicted directors, approved the transaction. Asante Rogue Regional Medical Center named a 100 Top Hospital in the nation for 2022 July 1, 2022. The discs - or akrafokonmu - were worn by court officials responsible for the ritual purification of the Asantehene's soul. Goldweight in the form of a cartridge belt, Asante (Ashanti), Ghana, 19th century. We work to understand your issues and are driven to ask better questions in the pursuit of making your business work better. National Art Library pressmark: 209.V.18, Ross, Doran H. Gold of the Akan from the Glassell Collection. Mr. Anthony was previously the COO and has led the refurbishment of the Bibiani Process Plant. This MD&A may contain forward-looking statements that are based on the Company's expectations, estimates and projections regarding its business and the economic environment in which it operates. Stool believed to have come from heaven. In March 2022, the Company closed a private placement of 58,431,914 common shares at $1.75 per share for gross proceeds of $102 million. Precious metals are targeted with a focus on gold. The gold mineralized system remains open along strike and at depth and the results lend themselves to the possible development of an additional satellite pit in close proximity to the existing Bibiani Reserves and the process plant. Asante Gold Corporation (CSE:ASE) ("Asante Gold" or the "Company") is pleased to announce that it has completed a non-brokered private placement of 4,350,000 units of the Company at $0.10 . See Other Properties and Exploration Expenditures for further details. Asante is a pure gold exploration and development company with a high-quality portfolio of projects in Ghana, Africa's largest gold producer. On July 18, 2022, Asante announced a summary of the key results of a National Instrument 43-101 Technical Report ("NI 43-101") on the Bibiani Gold Mine (the "Bibiani Technical Report"). In connection with the financing, the Company paid finders fees of $3 million. The Walsh Pit continues to outperform . However the British view of the Asante people changed considerably as the 19th century progressed and struggles for trade dominance intensified. National Art Library pressmark: PP.1.A, Garrard, Timothy. All dollar figures included therein and in the following discussion and analysis are quoted in the presentation currency of Canadian dollars unless otherwise specified. This target is one of eight high priority geophysical targets that have been outlined to date on the main Bibiani shear corridor and that will be the subject of additional drill testing. On August 15, 2022, the Company appointed Adriano Sobreira as Vice President, Operations and Juliet Manteaw-Kutin as General Counsel. Asante Gold Corporation specializes in the holding, exploration and exploitation of mineral resources, particularly gold mines, located in Ghana. Asante is a gold exploration, development and operating company with a high-quality portfolio of projects and mines in Ghana. The Company reported early results from expansion drilling on the Walsh Satellite pit which confirms extension and grade continuity of the mineralization beneath the current US$1,500 per ounce design shell. Museum no. Weight in the form of a plain rectangular block of brass with a worn raised geometrical pattern. We are united by a shared passion to provide exceptional care for our family, friends and community. The Connoisseur 185, no. This article reflects on the presence of Asante objects in the collections of the Victoria and Albert (V&A) Museum. Published: 12/15/2019. By continuing to browse this website, you agree to accept the use of cookies.You may opt-out at any time by changing your cookies settings. Houston: Museum of Fine Arts, 2002. Avaliable Jobs Apply Upload CV below Ghanaian citizens hold significant shareholding, board and executive roles; Explores its Keyhole, Fahiakoba and Betenase projects for new discoveries, all adjoining or along strike of major gold mines near the centre of Ghanas Golden Triangle; Current NI 43-101 Resource: Measured and Indicated 20.1 million tonnes at 2.71 grams of gold per tonne for 1.81 Moz of gold, plus Inferred 8.41 million tonnes at 2.78 grams of gold per tonne for 0.75 Moz of gold. HE President Nana Akufo-Addo Geometric shapes and designs predominated amongst the early goldweights but more naturalistic representations of court regalia began to appear in the 17th century. In 1701 its increased power meant it was able to displace the then dominant state, Denkyira, which, through conquest, had come to control the major trade routes to the coast as well as some of the richest gold mines. Asante plans to increase throughput to 250 000 t ore per month by 1Q23. https://tools.google.com/dlpage/gaoptout?hl=en-GB. Commencing in September 2021, the Company undertook refurbishment of the Bibiani Process plant under an Engineering, Procurement and Construction Management ("EPCM") contract with Harlequin International (Ghana) ("Harlequin") at a budget cost of approximately US$26 million. OTC: ASGOF). Asante wealth was increased by transporting gold to North Africa via trade routes across the Sahara. On August 31, 2022, Asante announced the filing of a NI 43-101in connection with the Preliminary Economic Assessment ("PEA") on the Company's Kubi Gold Project located in the Ashanti region of Ghana (the "Kubi Technical Report"). Pectoral discs were produced in cast and repouss (hammered) gold, as well as gold leaf over wood. On August 10, 2022, the Company completed the Chirano Acquisition with the purchase of all of the issued and outstanding shares in the capital of Red Back Mining Pty Ltd, which indirectly holds a 90% interest in Chirano pursuant to a share purchase and sale agreement dated April 24, 2022, as amended, (the "Purchase Agreement"). CIRC.236-1971. Garrard's is the source given for thirteen items of Asante court regalia acquired by the V&A in June 1874. Museum no 380-1874. . The transaction has not been signed off by either party at this time. Top Stocks U.S. Stock Market Overview Top Analyst Stocks Top Smart Score Stocks Top Insiders Stocks Gold production will continue to ramp up to approximately 20 000 oz per month by early 2023. Operates in Ghana, Africa's largest and safest gold producer; Develops high margin gold projects including the. The review also led to the acquisition of the Bibiani Gold Mine in August 2021. Goldweights are highly visual and easily portable, making them popular with visitors to Ghana, including colonial officers, who brought them back to Britain and later donated them to museums. The gold mineralized system is open in all directions with no previous drilling noted in the area. Museum no, 369-1874. Included in the acquisition of the existing Bibiani mine and process plant, Asante also acquired potential exploration opportunities, both from near surface and underground targets, and commenced a drill program on the Bibiani Gold Mine and its associated satellite pits, the Walsh and Strauss pits. These options were granted for a period of five years, with vesting as to 25% on the date of grant, and 25% at each of six, nine and 12 months from the date of grant. Gold production in September was above 9,300 ounces, 17% above the Company's start up plan.October production was 9,910 ounces, 15% above plan. Other equipment included shovels for scooping up gold dust, spoons for lifting gold dust from the shovel and putting it on the scales and boxes for storing gold dust. Commissioning of the Bibiani Process Plant and commencement of mining operations announced in press releases dated May 9 and June 2, 2022. The V&A's collection of goldweights also includes a representation of a cartridge belt, reflecting the importance of guns to the Asante who acquired them from Europeans and used them to maintain, and extend, their rule. The department was disbanded in 1978 and the collections absorbed into the Museum's permanent collections, in this case that of the Metalwork department. Asante is a gold exploration, development, and operating company with a high-quality portfolio of projects in Ghana. CIRC.236-1971. Asante Secondary Listing on the Ghana Stock Exchange (GSE). player receiving best player award, January 2022 and recognition. On return to Britain, some of this gold was auctioned by the London crown jewellers, Garrard's, to provide pensions for the wounded and next of kin. Everyone involved in trade and commerce owned, or had access to, a set of weights and scales. Panoply of Ghana. The last year has been a period of transformation for Asante as it evolved from an exploration company to a gold producer. Bibiani is a historically significant Ghanaian gold mine situated in the western region of the country with past production of near 5Moz; is fully permitted with available mining and processing infrastructure on site consisting of a 3 million tonne per annum mill and processing plant, and existing underground mining infrastructure. Asante is a gold exploration, development and operating company with a high-quality portfolio of projects in Ghana. It is prepared as at September 14, 2022, and was approved by the Board of Directors on that date. Alliances made with surrounding peoples lead to the formation of the Ashanti Union around 1700. The current president John Kufuor is Asante. Asante is currently operating the Bibiani and Chirano Gold. Relaxation of world government stimulus packages to minimize the initial impact of the pandemic could continue to impact prices of precious and industrial minerals leading to further volatility in world stock markets and macroeconomic policy measures. CIRC.82-1971. The shape of these anklets appear to resemble that of shackles, which may symbolically reflect the Asante wealth acquired through historic involvement in the transatlantic slave trade. Most recent progress globally with the distribution of vaccines has had a further mitigating effect. Pair of silver anklets, Asante (Ashanti), Ghana, before 1874. Presentation of Otumfuo Gold Coin to. Concurrently, Douglas MacQuarrie stepped down as President and CEO and was appointed Non-Executive Chairman of the Company. It is an object still revered today. The following information should be read in conjunction with the unaudited condensed interim consolidated financial statements for the three and six months ended July 31, 2022 and related notes thereto. Dave Anthony, President & CEO: +1 647 382 4215 (Canada) or +233 55 879 3309 (Ghana), dave@asantegold.com Frederick Attakumah, Executive Vice President, frederick@asantegold.com Valentina Gvozdeva, Manager Investor Relations, valentina@asantegold.com Kirsti Mattson, Media Relations, kirsti.mattson@gmail.com Weight in the form of a plain rectangular block of brass with a worn raised geometrical pattern. It is prepared as at September 14, 2022, and was approved by the Board of Directors on that date. In March 2022, the Company appointed David Anthony as President and CEO of the Company. V&A Members enjoy a wealth of benefits, including free entry to exhibitions, previews, exciting events and the V&A Members Room. Asante plans to increase throughput to 250,000 tonnes ore per month by Q1 2023. The Company has strict COVID-19 safety protocols in place to protect staff and contract workers, however given the emergence of new COVID-19 variants, the possibility of a more significant impact on the Company's operations cannot be excluded. African Miniatures: the Goldweights of the Ashanti. Pectoral disc, Asante (Ashanti), Ghana, before 1874 , cast gold. Following is a summary of corporate developments and achievements from 31 January 2022 to the date of this MD&A. On July 7, 2022, the Company announced the first gold pour at the Bibiani Gold Mine was completed successfully with process of gravity gold concentrate recovered by the Knelson Concentrator. In April 2022, the Company announced it had entered into a share purchase agreement with Kinross Gold Corporation ("Kinross") to acquire a 90% interest in the Chirano Gold mine ("Chirano") for a total consideration of US$225 million (the "Chirano Acquisition"). Victoria Gold: Virtual Roadshow Investor Presentation with Q&A. Asante is a mineral exploration and emerging gold producing company primarily involved in the acquisition, assessment and development of mineral properties in the Republic of Ghana. Asante Gold Corporation Announces Commercial Production at the Bibiani Gold Mine, Asante Announces Commercial Production at the Bibiani Gold Mine, Asante Gold Reports Payments for Bibiani Gold Mine, Gold Forward Purchase Agreement, Asante confirms payments for bibiani gold mine and gold forward purchase agreement, Asante Gold Corporation Provides Operations Update, Asante gold announces filing of technical report for the chirano gold mine. In addition, the Company granted 4,285,900 DSUs with immediate vesting to certain directors of the Company and 1,287,160 RSUs to certain officers and consultants of the Company with vesting to as to one-third on each of the first, second and third anniversaries of the date of grant and 228,600 RSUs with immediate vesting to an officer. October production was 9910 oz, 17 % above plan Company granted Stock. Can be found on SEDAR at www.sedar.comor the Company appointed David Anthony as President and CEO was. Items which it acquired through very different means the 17th century to result in and. 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