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CHIRANO GOLD MINE



Introduction

The Chirano Gold Mine achieved its first gold pour in October, 2005 after commissioning of the process facilities in September, 2005. There are eleven deposits: Akwaaba, Suraw, Akoti South, Akoti North, Akoti Extended, Paboase, Tano, Obra South, Obra, Sariehu and Mamnao. Gold mineralisation continues at depth, below the current open pit designs at many of the deposits currently included in the mine plan.

Drilling at the Akwaaba deposit has established a high grade underground resource called Akwaaba Deeps. The majority of the ore will be mined by open pit methods. At Akwaaba Deeps an underground mine is being developed which will use Sub-level Caving ("SLC") to produce ore. Drilling at the Akwaaba deposit has established a high grade underground resource which is now being developed as an underground operation.

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