Koafrik Ghana Ltd

Koafrik Ghana Ltd is rated 3 out of 5 in the category luxury goods & jewelry. Read and write reviews about Koafrik Ghana Ltd. Koafrik LTD We supply gold bullion bars certified by Bullion Market Association (LBMA3). KOAFRIK GHANA provide retail and trading of gold and luxury jewelries. The main focus of our mining sector is the exploration and extraction of gold reserves, since gold contributes to over 90 percent of all mineral exports in Ghana. There is an estimated 2 billion ounces of unmined gold within Ghana and according to the Ghana Chamber of Mines, it is estimated that the Sefwi-Bibiani Gold Belt having a proven reserve of over 17 million ounces. Sefwi-Bibiani Belt We are based in the Bibiani/Anhwiaso/Bekwai District which is one of the eighteen districts in the Western Region of Ghana and we are situated in the same mining area of the Bibiani Gold Mine with an initial Ore Reserve has been established of 5.4 million tonnes (“Mt”) @ 3.7 gold grams per tonnes (“g/t”) containing 640,000 gold ounces (“oz”). This research has been lodged with the Ghanian goverment and the Australian Resolute Mining Ltd the new owner of the Bibiani Gold Mine in June 2016. So, the Bibiani’s district is a key growth asset for our Company, in the current environment of rising gold prices offering an increasingly attractive growth opportunity. The Bibiani-Sefwi gold belt is located inside a long strip of 220 kilometers and it extends well even into Ivory Coast from south west and it also extends for another several hundred kilometers underneath the Volta Basin from north east.