Asanko Gold Inc.

Asanko Gold Inc.'s vision is to become a midtier gold mining company that maximizes value for all its stakeholders. The company's flagship project is the fully financed, multimillion ounce Asanko gold mine project located in Ghana, West Africa. Asanko is managed by highly skilled and successful technical, operational and financial professionals. The company is strongly committed to the highest standards of environmental management, social responsibility, and health and safety for its employees and neighboring communities.

Expert Comments:

"Asanko Gold Inc. could be a prime takeover candidate. . .a while back Asanko added some resources from drilling that were something of a surprise, but the plan is pretty much laid out. Construction is in progress and on budget. At current levels I think Asanko is a great bet on gold and mining shares waking up over the next year or two. . .the market is neither valuing Esaase nor the potential value of the company once it reaches production. Esaase's value will come in the later phases of mining when Esaase gets brought into the mine plan. Asanko is going to be a world-class mine but it is not being valued like one. It's a waiting game. It's a stock where people can have some confidence that the company is going to be worth considerably more in time." read more >

Jeff Killeen, CIBC World Markets (1/23/15)
"On Jan. 20 after market close, Asanko Gold Inc. announced a bought deal financing for gross proceeds of CA$40M. . .we believe it was largely opportunistic. . .it improves the company's balance sheet positioning during a critical period for Asanko, construction of its first producing gold mine."

Geordie Mark, Haywood Securities (1/21/15)
"Asanko Gold Inc. announced a bought-deal equity financing of $40M. . .while we still deem the Asanko Gold mine costs to be within budget, the announced equity financing bolsters Asanko's balance sheet strength far beyond our expected requirements for completion of phase 1, and thereby provides the company flexibility to pursue strategic alternatives (e.g., acceleration of phase 2 and exploration initiatives)."

Joe Mazumdar, Canaccord Genuity (1/21/15)
"Asanko Gold Inc. announced a CA$40M (CA$2.02, 19.8M share) bought deal equity financing with the potential through an over-allotment option (15%) to raise gross proceeds of CA$46M or ~CA$44M of net proceeds, or $37M; the net proceeds would essentially replace our modeled cost overrun (cost of funds, $20M) and working capital (working capital fund, $25M) facilities. The funds are required to maintain a healthy working capital position ($35M, our estimate) during construction and the first year of production."

Brent Cook, Exploration Insights (1/17/15)
"Asanko Gold Inc. continues to make progress at its Asanko gold mine in Ghana. At year-end, construction was 24% complete, on time and on budget; first gold production is expected in Q1/16."

Nana Sangmuah, Clarus Securities (1/16/15)
"Asanko Gold Inc. provided a construction update on Phase I of the Asanko Gold mine in Ghana. Overall the project is advancing according to plan, with first gold pour targeted for Q1/16. . .the company remains a top pick among the developers we track, given sizeable production at low all-in sustaining costs of $780/oz over a 12-year mine life. Further, Asanko is led by a strong management team with CEO Peter Breese having over 25 years of experience building and operating mines, which we believe reduces execution risk."

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Investing Highlights
 
High quality deposit with near-term production and lowest quartile costs
 
Fully funded to production
 
Respected management team with track record of delivering shareholder returns
catalyst Calendar
Q1
2015
Pre-strip of the Nkran pit commences, completion of Phase 2 PFS
Q2
2015
Mills arrive on site
Q3
2015
Completion of mill civil works
Q4
2015
Ore mining operations begin, Phase 1 commissioning commences
Asanko Gold Inc. Content