Noble Mineral Resources Limited (Subject to Deed of Company Arrangement)
Noble Mineral Resources Limited is an ASX-listed company (ASX Code: NMG) exploring for and developing large-scale gold deposits in the world-class goldfields of Ghana, West Africa. Production has commenced at the company’s flagship Bibiani Gold Project after the first gold pour in March 2012, ramping up to a target production rate of +150,000 ozpa and propelling Noble into the ranks of West Africa’s mid-tier gold producers.
The Bibiani Project is located in the Sefwi-Bibiani Gold Belt in Ghana, which boasts a total gold endowment of more than 30 million ounces and hosts the world-class Ahafo (16Moz) and Chirano (5Moz) gold mines. The Bibiani Project has a current JORC-compliant mineral inventory of 2.8Moz of resources, including 972,000oz of reserves, and a 3Mtpa Carbon-in-Leach (CIL) Gold Processing Facility. The Project has a 10-year mine life based on current mining parameters.
An aggressive exploration program is also underway to add substantially to the existing resource base at Bibiani, with recent drilling returning spectacular high-grade results from near mine targets. In addition to the Bibiani Project, Noble holds the Cape Three Points, Brotet and Tumentu Gold Projects, both located within the southern extension of the Ashanti Gold Belt.