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Abosso Goldfields (Ghana) Limited

CATEGORY EQUITY SECTOR HEAD CHAIRPERSON
JVC 10%

Abosso Goldfields Limited (AGL) is a Ghanaian registered company that owns and operates the Damang Gold Mine. Gold Fields Ghana Holdings Limited holds a 71.1% interest in AGL, IAMGold 18.9% and the Ghanaian Government the remaining 10%. Damang manages five Prospecting Licences as well as two Mining Leases, namely the Damang Mining Lease and the Lima South Mining Lease, which equate to 8,111 ha.

The mine exploits oxide and fresh hydrothermal mineralisation in addition to Witwatersrand style palaeoplacer mineralization. The hydrothermal mineralisation is located in Tarkwaian sediments and is the only deposit of its kind, located on the eastern side of the Ashanti Belt in southwest Ghana. Mineral Reserves for Damang are estimated using mine designs generated from standard mine optimisation methods, current cost structures, and technical assumptions derived from actual production history and/or feasibility studies.

All Mineral Resource and Mineral Reserve figures reported are managed unless otherwise stated and Mineral Resources are inclusive of Mineral Reserves.

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