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    6073   JP3117350003

ASANTE INCORPORATED

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Asante Gold Corporation - Metso Outotec to Commence Development Review, Kubi Gold Project Ghana

06/03/2021 | 10:54am EDT

VANCOUVER - Asante Gold Corporation (CSE: ASE/ FRANKFURT: 1A9/U.S.OTC: ASGOF) ('Asante' or the 'Company') is pleased to announce that Metso Outotec has been engaged as a Principle Project Development Partner to complete a preliminary capital and operating cost estimate on treatment options for processing of free-milling gold from our Kubi Gold Project in Ghana.

Metso Outotec is a frontrunner in sustainable technologies, end-to-end solutions and services for the minerals processing, metals refining and aggregates industries globally. Their focus is on improving energy and water efficiency, productivity, and reducing environmental risk. Headquartered in Helsinki, Finland, Metso Outotec employs over 15,000 people in more than 50 countries.

The Company has completed a drilling program to provide composite samples for metallurgical evaluation of Kubi Main Zone gold mineralization for the study. Metso Outotec will witness the sample preparation at our Kubi core logging facility, and initiate and supervise the test work at SGS Randfontein (South Africa). Final study results are expected in late 3rd Qtr. 2021.

About Asante Gold Corporation

Asante has announced plans to co-list its shares on the Ghana Stock Exchange, and is sourcing funding to develop its Kubi Gold Mine project to production. Asante is also exploring its Keyhole, Fahiakoba and Betenase concessions/options for new discoveries, all adjoining or along strike of major gold mines near the centre of Ghana's Golden Triangle.

Contact:

Douglas MacQuarrie

Tel: +1 604-558-1134

Email: douglas@asantegold.com

(C) 2021 Electronic News Publishing, source ENP Newswire

Stocks mentioned in the article
ChangeLast1st jan.
ASANTE GOLD CORPORATION 0.00% 0.4 Delayed Quote.263.64%
ASANTE INCORPORATED 0.64% 1721 End-of-day quote.15.19%
METSO OUTOTEC OYJ 1.54% 9.732 Delayed Quote.17.24%
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Financials
Sales 2021 13 872 M 125 M 125 M
Net income 2021 1 063 M 9,61 M 9,61 M
Net cash 2021 6 028 M 54,5 M 54,5 M
P/E ratio 2021 20,1x
Yield 2021 3,34%
Capitalization 18 869 M 171 M 171 M
EV / Sales 2020
EV / Sales 2021 0,99x
Nbr of Employees 1 049
Free-Float 67,3%
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Sei Miyauchi President, Representative Director & GM-Sales
Atsushi Nishiyama Director & General Manager-Compliance
Masami Iishiba Managing Director & GM-Administration
Katsumi Uchida Independent Outside Director
Shigeharu Dogakinai Independent Outside Director
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