ASX Share Price

Listed on ASX

ADU (ASX) Share Price

$0.640

Delayed by 20 minutes. Source: ASX

Gold Price

Gold Price ($/oz)
US$1,623.00
As at 30.09.2011

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Company Information

Adamus Resources Limited owns 90% of the Nzema Gold Project located in south-western Ghana which is being developed as an open pit operation. "Nzema" pronounced "en zimmer" is the name of the people and the local region in which the Project is located.

Key milestones in the Company's development and immediate future are outlined below.

Nzema Gold Operations

  • Commercial production - April 2011
  • First gold pour - January 2011

Resource Upgrade

  • Resource Estimate - April 2009
  • 30.2Mt @ 1.8g/t for 1,750,000oz (Measured and Indicated) +
  • 6.98Mt @ 1.62g/t for 362,000oz (Inferred)

EPA Approval

  • Approval of EPA Permit - December 2008

Secured Option to Increase Tenure by 35% to 626km2

  • August 2008

Mining Licence Approval

  • April 2008

Reserve Upgrade

  • Ore reserve of 815,000 ounces - April 2008

Resource Upgrade

  • Resource Estimate - February 2008
  • 28.4Mt @ 1.78g/t for 1,630,000oz (Measured and Indicated) +
  • 6.43Mt @ 1.64g/t for 340,000oz (Inferred)

Feasibility Study Completed, Continued Exploration

  • Resource Estimate - June 2007
  • 17Mt @ 2.2g/t for 1,200,000oz (Measured and Indicated) +
  • 6.3Mt @ 1.9g/t for 390,000oz (Inferred)

Project Acquisition

  • Acquired the Anwia South concession - 2006

Feasibility Commenced

  • Exploration accelerated - March 2006

Southern Ashanti Gold Project Resource

  • February 2006
  • 15Mt @ 2.2g/t for 1,000,000oz (Measured and Indicated) +
  • 7.7Mt @ 2g/t for 490,000oz (Inferred)

Additional Drilling Resource Upgrade

  • February 2006

Resource Definition

  • Defined a combined resource of 3.0Mt @ 1.7g/t for 160,000 oz gold (inferred)

Phase 2 Drilling

  • Completed additional 25,000 metre RC drill program - October 2004

Project Acquisition

  • Acquired neighbouring Anwia Project - 2004

Project Acquisition

  • Acquired the Akango (Salman North) concession - 2003

Phase 1 Drilling

  • Completed 6,000 metre RC drill program - November 2002

Project Acquisition

  • Acquired the Salman Gold Project - August 2002

Inception

  • Listing on the ASX - June 2001