Asanko Gold commences construction of Phase 1 Asanko Gold announced that the main construction work has commenced on Phase 1 of the Asanko Gold Mine in Ghana. Phase 1 is expected to produce 200,000 ounces of gold per annum at steady state starting in 2Q16. Earlier this year, the company undertook preparatory early works at the Project site, including upgrading the access road, refurbishing the 225 person operations camp which already existed at site, installing temporary construction camp accommodation and upgrading the site utilities to support the additional construction population. Following Board approval of the Project last month, main construction activities on site have now commenced. The bulk earthworks contract has been awarded and the contractor has mobilised to site. Initial work has begun on clearing ground for the 3 million tonne per annum gravity/carbon-in-leach processing plant, which is located near the main Nkran pit. Civil works and concrete pouring is expected to begin in the coming months to take advantage of the dry season in Ghana. The tender process for the mining contractor is underway and the pre-stripping contractor for the Nkran pit will mobilise to site during Q4.
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