Mensin Gold Bibiani Limited (MGBL) is a subsidiary of Asante Gold Corporation that received a mining permit in 2022 for the Main pit and two satellite pits. The MGBL completed and redefined its feasibility studies for Russell Pit, which will be included to the production objective in 2024.
Russell Pit will be divided into two sections, or phases: Starter Pit and Final Pit. The Starter Pit will be carried out in oxides mostly as free digging for 8 months, followed by the Final Pit for blasting, conventional drilling, and ore hauling using shovels and trucks.
MGBL will deploy the Russell Pit to ensure that the mine’s economic output level remains stable.