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Bibiani Project
Bibiani
Country Ghana 
Close to Kumasi
Status PRODUCTION 
Surface 49 km² / 12,108 acres
Latitude / Longitude 6 N 28 / 2 W 19
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Produces Gold -
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Risk and valuation analysis of the Bibiani Project
Status Risk : Production
Country Risk : Light
Resource Risk : 48.00%
In situ value
2,838,331,646 $
Title(s) of the Bibiani Project
Central African Gold
Owner: 100%
Company ProfileAll ProjectsCompany websiteCompany project page
TitleCompany ProfileAll ProjectsCompany websiteCompany project page
Central African Gold has acquired the Bibiani Mine from Anglogold in July, 2006. Ashanti acquired Bibiani in 1996 when it acquired International Gold Resources Corporation and Ghana Libyan Arab Mining Company Limited.
Location of the Bibiani Project
Bibiani gold mine is located in western Ghana, 250km northwest of Accra. The mine lies within the Sefwi-Bibiani belt, host to over 17 million ounces of gold mineral resources, and the second-most significant gold-bearing belt in Ghana after the Ashan more...
 
History of the Bibiani Project
Production at Bibiani started in 1902 and since then a total of approximately 4 million ounces of gold has been produced from a combination of historic underground and recent opencast and tailings retreatment. It is notable that historic underground more...
 
Geology of the Bibiani Project
The Bibiani gold deposit lies within Birimian meta-sediments and related rocks which occur in the Proterozoic Sefwi Belt of southern Ghana. Gold and gold-bearing sulphide mineralisation occurs in quartz-filled shear zones and in altered rocks adjacen more...
 
Reserves and resources of the Bibiani Project
TonnageGradeReserves and resources
GoldGold
g/toz
 Proven5,600,0001.23 221 454
 Probable2,200,0003.43 242 610
 Proven and Probable7,800,0001.85 464 064
 Measured5,800,0001.22 227 499
 Indicated18,500,0001.26 749 434
 Mesured and Indicated24,300,0001.25 976 933
 Inferred3,100,0006.10 607 971
 Total 35 200 000 2 048 967
Definitions
Reserves and resources of the Bibiani Project
MetalTotalReservesResourcesUnitIn situ value
ProvenProbableProven and ProbableMeasuredIndicatedMesured and IndicatedInferred
 Gold 2 048 967 221 454 242 610 464 064 227 499 749 434 976 933 607 971oz2 834 336 160 US$
Location
Data last updated on : 9/6/2006
Disclaimer
All information on this page comes from internal and external sources deemed reliable. This information might not be up to date, so please perform due diligence before making any conclusion or making any action. Do contact us should any information be missing or incorrect.
Cautionary Note to US Investors concerning estimates of Measured and Indicated Mineral Resources