🕐29.10.09 - 06:47 Uhr

Azumah Resources - Quarterly Activities and Cashflow Report



----------------------------------------------------------------- AZUMAH RESOURCES - QUARTERLY ACTIVITIES AND CASHFLOW REPORT ----------------------------------------------------------------- This email is best viewed in your web browser.

Click the link below to see it: http://azumahresources.createsend5.com/t/r/e/hijkm/sdrdhmd/ ----------------------------------------------------------------- SEPTEMBER 2009 QUARTERLY OPERATIONS REPORT ----------------------------------------------------------------- Download the full announcement including figures and tables. Gold Project, North West Ghana* Completed preliminary open pit optimisation and mining studies that indicated a cash operating surplus of approximately A$138 million (US$112 million) is achievable from initial mining of the Kunche and Bepkong deposits.

* Commenced preliminary mining and development studies for a one million tonnes per annum mining and gravity / CIL processing operation.

* Obtained excellent gold recoveries of up to 95.6% from metallurgical test work on Kunche oxide mineralisation.

* Committed to a major multi-rig 41,000m resource extension, delineation and discovery drilling campaign.

Corporate* Appointed Michael Atkins as Non-Executive Chairman and Geoff Jones as Non-Executive Director.

* Managing Director, Stephen Stone, and General Manager, Bernard Aylward, to continue in current roles.

* Cash balance of $5.52M at end September 2009.
Azumah Resources Ltd (ASX: AZM) is pleased to provide this Report on operations undertaken during the September 2009 Quarter at its 100%-owned, 3,100 km2, Wa Gold Project (Figure 1).

The Company is focused on developing and operating the first commercial scale gold mining operation in the emerging north west Ghana gold province (Figure 2).

During the Quarter, Azumah completed preliminary open-pit optimisation studies, commenced preliminary mining and development studies including the initiation of an environmental impact study and continued metallurgical test work on samples of Kunche oxide mineralisation.

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Thanks, Azumah Resources



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