Ultimate Mining Company Ltd

Ultimate Mining Company Limited is registered as a limited liability Company in Ghana to work an alluvial gold concession located at Bomso in the Eastern Region of Ghana.

The company has a very cordial working relationship with the Government of Ghana, regulatory agencies and, more particularly, local communities located within and proximal to the concession area. Ultimate Mining Company Limited, a Ghanaian registered company was granted the Bomso License on February 19, 2008.

The license was converted to prospecting on March 12, 2010. Ultimate Mining has since caried out intense exploration to delineate mineable deposit hence the need to complete a feasibility study report to support an application for mining was provide to Ghana Government.

ULTIMATE MINING's alluvial gold concession, situated at Banso in the Eastern Region of Ghana, covers an area of approximately 51.67km2.

It is largely underlain by Birimian metasediments and metavolcanics and a biotite-rich granitic intrusion, the latter occupying a greater portion of the concession. The Bomso Prospecting license is held by Ultimate Mining Company Ltd.

The license was granted on March 12, 2010. The license covers an area of 38.8 square kilometers in the central part of the Birim River Basin. The concession is located about 105km northwest of Ghana's capital Accra and about 30km south of Nkawkaw and 25-30km east of Newmont's Akyem Gold Project (10M0z). Access to the Bomso concession is very good.

The concession can be accessed from Accra via Anyinam on the Accra-Kumasi highway by a good paved road through Kwabeng, the Atewa District Capital. Alternatively, the concession can be reach by equally a good paved road from Accra via Asamankese and Kade. The concession is also linked to Atewa (Kyebi) the traditional capital, by a well maintained partially paved road. Ultimate Mining provides the following objectives.

-gold mining company, prospecting of minerals, undertake refinery of minerals, purchase and export of minerals, engage in all mining operations.
-gold trading and mining consultancy Company
-gold Concessions facilitating and Consultancy Company
-gold mining project budgeting and Estimators
in Kumasi, Ashanti Region of Ghana. We are specialized in the following services:

Alluvial surface gold mining and gold trading

1. We can advise on buying both small scale and large-scale rock or alluvial concessions.
2. We can quickly process concession documents, licenses and permits in Ghana.
3. We can advise and give you the expertise, budget and guidance on how to invest wisely and to minimize risk in gold trading and alluvial gold mining in Ghana.
4. You can partner us to mine gold and supply you as an investor, buyer or financier at a less discount of LBMA price as compared to the world market prices.

Brokerage Services
1. We act as Brokers and marketers of Licensed Small- and Large-Scale Concessions in Ghana.

2. We do and can act as brokers for the rental and sale of mining and construction machinery and equipment such as Excavators and washing plants (locally made and foreign ones).

In 2022, the mine produced 170, 342 ounces, primarily from stockpiles, achieving the upper end of revised guidance of 160, 000 to 170, 000 ounces. The Ultimate Mining Company Limited is expected to produce between 120, 000 to 130, 000 ounces from stockpiled material in 2023, at all-in sustaining cost guidance of between $1, 650/oz to $1, 750/oz.

All-in sustaining cost is anticipated to be elevated in 2023, primarily due to waste stripping necessary to restart mining at Bomso, which will benefit future years production, as well as higher expenditures on the tailing’s storage facility.