orelogy was appointed by Ibaera Capital Advisers to undertake a Feasibility Study (FS) on the Wa Gold Project.
The Wa Gold Project is located in the Wa-Lawra area of north-west Ghana, in the Upper West Region and Nadowli District, approximately 700km north west of the capital Accra. The Project can be accessed from Accra via a sealed road to Nadowli and then by 10 km of all-weather roads. A 2km long bituminised airstrip is located at Wa.
In August 2017, Ibaera Capital Advisers (Ibaera) entered into a farm-in agreement with Azumah Resources Ltd (AZM) to earn up to 47% interest in the Wa Gold Project located in Ghana. Currently, Ibaera now owns 100% of AZM and its flagship asset gold project in Ghana. Ibaera has delisted the company from the Australian Stock Exchange and changed the name of the project to the Black Volta gold project.
orelogy previously undertook the mining component of the Mining Study and Economic Review of the Wa Gold Project in late 2018, and the Scoping Study (SS) of the underground potential of the Bepkong deposit which is one of the deposits in the Wa Gold project in June 2019. This progressed to a Pre-feasibility study which was completed April 2020.
A Feasibility Study was completed by orelogy in 2019. The study included:
– Mine design criteria preparation
– Project Strategy Optimisation
– Pit Design & Reserves
– LOM Production Schedule
– Cost estimation
– Study Management
– Underground Mine Design & Reserves
Ibaera are currently undergoing a Feasibility Study re-fresh to incorporate updated models and other key parameters with expected completion being October 2021.