Wa Gold Project hits 1.0 Moz ore reserve

The Wa-Lawra gold project, of which Ibaera owns rights to 42.5%, recently announced a 65% increase in the ore reserve to 1,028,200 ounces (18 Mt @ 1.77 g/t Au).

The same announcement also provided an update to the economic forecast for the project:

  • US$177M NPV (5%) and 35% IRR (pre-tax, post govt royalty)

  • US$270M net cash flow (pre-tax, post govt royalty)

  • 1.6 year payback of US$117M establishment capital

  • 11-year operation, averaging 100,200 ozpa (years 1-8)

  • 2.06 g/t Au average process grade (years 1-8)

  • CIL plant of up to 2.3 Mtpa (oxide ore)

  • Establishment capital intensity of US$114/ore reserve ounce

The project continues to target September 2019 for completion of final feasibility and decision to mine shortly thereafter.

An honour for Dr Jon Hronsky

Congratulations to Dr Jon Hronsky (OAM) for his Medal of the Order of Australia, for services to the mining industry, awarded in this year’s Australia Day honours.

A well deserved honour for Jon’s more than 30 year’s contribution to the science and practice of mineral exploration; particularly in the areas of project generation, exploration targeting, technical innovation and exploration strategy development.

Ibaera in the news

New Perth fund to plough $100m into mining investments

Move over RCF Capital, move over Orion Mine Finance, there’s a new Perth based mining fund on the block with a $100m war chest and a set of exquisite geological smarts to match.


Follow the link to read the full article.

Investment update

Ibaera completes the US$3 million minimum investment into Azumah Resources Ghana Limited and the Wa Gold Project that it holds in Ghana, Africa’s 2nd largest gold producing country.

“Wa is the 2nd largest undeveloped gold project in Ghana and we look forward to bringing this project to construction in 2019.” Peter Hairsine, Project Manager of the Wa Gold Project.

Ibaera Capital Mining Fund closed

Ibaera officially closed its Ibaera Capital Mining Fund to new investors at the end of February, having secured significant international investment support. It is now targeting the deployment of A$100 million to help great management teams turn great projects into great mines.

Ibaera at 121 and Mines and Money London, November 2017

Ibaera's General Partner Evaluation and Exploration, Paul L'Herpiniere, will be travelling to London to attend the 121 Mining Investment and Mines and Money London conferences.

More details on the conferences and how you can arrange a meeting with Paul can be found at their respective websites.





Ibaera completes gold deal

Ibaera has completed a deal with Azumah Resources to farm into Azumah's Wa Project in Ghana, West Africa. Under the executed agreement Ibaera will spend $11.25 million within two years to earn an initial 42.5% of the project. 

Containing 3.0 Moz @+2g/t, the Wa Project is the second largest undeveloped gold project in Ghana.

Ibaera completes first close

Initial US$30 million closing was completed August 31, 2017 from institutional US investors. Ibaera anticipates final closing by February 28, 2018.