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Key Details:

Issued Capital:
93M ord shares
16.25M unlisted options

Directors & Management:

Executive Chairman:
   Stephen Stone

Non-Executive Directors:
   Joe Ariti
   Michael Ivey

General Manager:
   Bernard Aylward

Company Secretary:
    Dennis Wilkins

Key assets:

Wa-Lawra Gold Project:

  • 754,300oz JORC Code compliant Mineral Resource inventory at Wa-Lawra Gold Project
  • 516,000oz and 212,000oz Indicated and Inferred Mineral Resources at Kunche and Bepkong
  • 100%-owned 2,800km2 licences hosting 100km strike length of prospective Birimian greenstone belt
  • Pipeline of drill targets
  • Management team of successful explorers
  • Market capitalisation per resource ounce well below industry benchmark

Contact details:

Stephen Stone
Mb: +61 (0) 418 804 564
stone@azumahresources.com.au

Suite 1, 2 Richardson Street
West Perth WA 6005

Tel: +61 (0)8 9486 7911
Fax: +61 (0)8 9481 4417

E info@azumahresources.com.au

Wa-Lawra Gold Project

Wa-Lawra Gold Project fly-through animation

The Wa-Lawra Gold Project is located in northwest Ghana, West Africa, and covers a total land holding of 2,857km2, including over 100km of strike of prospective Birmian greenstone belt - a geological setting known to host ‘world class’ gold deposits throughout Ghana and West Africa.

The Wa-Lawra Project represents approximately 70% of the entire Birmian greenstone belt in Ghana.

The project is located in an area of flat savannah terrain with excellent infrastructure; having grid power running through the project area, mobile phone coverage, the major regional

Zone

Indicated

Inferred

Total

 

Tonnes
Mt

Cut
Au g/t

Tonnes
Mt

Cut
Au g/t

Tonnes
Mt

Cut
Au g/t

Ounces
oz Au

Oxide

0.9

2.0

0.2

1.7

1.1

1.9

68,000

Transitional

1.0

2.0

0.3

1.7

1.3

1.9

83,000

Fresh

3.1

2.0

3.0

1.7

6.1

1.9

365,000

Total

4.9

2.0

3.6

1.7

8.5

1.9

516,000

September 2006 +1.0g/t Au Au Cut Off

Following the announcement of this increased resource, Azumah’s focus has been on identifying new areas of gold mineralisation at Wa-Lawra with a view to increasing the project’s resource base to 1 – 2 million ounces, to underpin a long life open pit mining operation.

Regional Exploration

The Wa-Lawra Project is considered to have outstanding exploration upside, with numerous defined targets and untested geochemical gold anomalies.

The size and level of gold anomalism seen at Wa-Lawra, the favourable structural setting and presence of regional scale structures throughout the project area all provide excellent indications that repetitions of Kunche style mineralisation could potentially occur.

Reconnaissance drilling in 2007 at the new Bepkong target, 2km north of Kunche, confirmed gold mineralisation at the head of a largely untested 2km north-south Kunche-Bepkong soil anomaly, including an exciting intersection of 20m @ 4.1g/t gold.

In addition, new mineralisation was also identified immediately west of Kunche, including 12m @ 4.02g/t gold within 32m @ 1.86g/t gold from 20m, and immediately east of Kunche including 6m @ 7.33g/t gold from 5m and 7m @ 3.95g/t gold from 10m within broader lower-grade zones.

Outside of the main Kunche area, Azumah is also developing an increasing pipeline of anomalies and drill ready targets including at the Butele, Basibli, Duri, Doggo, Yagha and Kuo prospects.

Current activities:

Under the supervision of Azumah’s expanded technical and logistical team an accelerated multi-phase exploration programme is planned for the March 2008 Quarter, comprising:

  • Kunche: resource remodelling, metallurgical work, drill target definition, drill testing of new Kunche West and Kunche East mineralisation, terms of reference for scoping studies.
  • Bepkong - Kunche: Infill and extension drilling, rock chip sampling and field mapping.
  • Kunche West: Power auger sampling and RC drilling.
  • New Targets (Basabli, Duri, Doggo, Yagha, Butele, Kuo): First pass and reconnaissance RC drilling.
  • TOTAL: 6,000m combined RC and RAB drilling and 3,000m auger samples.

Gold Mining in Ghana…

  • Ghana is the second largest gold producing nation in Africa, and the tenth largest gold producer in the world.
  • Currently hosts four ‘World Class’ gold deposits of greater than 5 million ounces.
  • Annual gold production of approximately two million ounces per year.
  • Gold production is expected to increase to over 3.5 million ounces per annum between 2007 and 2010.
  • Stable, long term political environment and English legal system.
  • Three of the world’s four largest gold mining companies have major projects in Ghana - Newmont, AngloGold Ashanti and Gold Fields Limited.
  • Link to Ghana Geological Survey