ASCOM MINING ETHIOPIA PLC (AME) is established in Ethiopia since November 2008 and has been exploring for gold and base metals in Western Ethiopia, Benishangul Gumuz National Regional State, Asosa Zone, Ethiopia. The company has successfully carried out modern and effective mineral exploration programs at its Asosa concession and has discovered the Dish Mountain Orogenic gold deposit and the Abetselo VMS Au & Cu deposit. AME has also identified a number of peripheral targets that are in close proximity to the Dish Mountain Gold Deposit to be treated as additional resources to a global Dish Mountain Resource.
AME has completed a scoping study, a JORC Compliant Mineral Resource Estimate (MRE) and Pre-feasibility studies, all to the highest internationally recognised standards. Currently, AME is working on feasibility study to obtain mining license from Ministry of Mines and Petroleum. It is currently conducting exploration activities in Dul – Ashshire for gold and basemetals.
AME has been using foreign consultants and local professional and support staff to carry out all the exploration and feasibility study. The Company currently has created job opportunity for more than 150 Ethiopians.