Soon Mining Limited
ASX Code
SMG
Sector
Materials
Investor Centre
http://soonmining.com/page/share.htm
Website
http://soonmining.com/
About
Soon Mining Limited has a specialized team of professionals that have combined their expertise and many years of professional and technical experience to build and manage the company. Our commitment is to maximize exploration efforts in our existing projects to achieve the goal of maximizing company profits and shareholder returns, as well as continuing to identify and assess high value projects for joint venture or acquisition. Ghana is one of the top-ten fastest growing economies in the world, and the fastest growing economy in Africa. Gold and crude oil are Ghana’s two most abundant natural resources and are also the Company’s two major operating projects. Soon Mining's main gold business is located in the Eastern Region of Ghana with our project being the Kwahu Praso Gold Concession in the world class gold bearing veins within the Ashanti gold belt. Soon Mining owns 100% of the project. This project mine area is one of the prime locations in terms of unrivalled geographic location and geological conditions. Soon Mining completed the exploration report which successfully led to obtaining the mining lease in 2013 (approved by Minerals Commission of Ghana) and then completed several JORC reports with its estimated mineral resources of 152,000 ounces. South Africa is known to be one of the largest gold-producing regions in the world with the highest amount of gold reserves. Geologist have predicted Ghana will be largest producer of gold in Africa where most of the richly-endowed gold mines are found. Many world class gold companies are setting up mining facilities in Ghana to gain a stronger foothold in the thriving gold mining industry. Prime mining locations in Ghana that are rich in gold reserves have become highly sought after. With various mineral resources remaining to be discovered, Soon Mining has a planned mining program and the Company will commence an exploration program for lode gold and complete the necessary works for JORC report. Currently, we are actively planning short, mid and long-term prospecting. As an ASX listed company operating in Ghana with deep knowledge and experience of doing business in the country, as well as the board’s understanding of the Asian market, the SMG board has identified the trading of oil and other petroleum products from Ghana as a potential business opportunity. SMG’s shareholders have approved the Oil Business in the general meeting held on 22nd January 2018. SMG is now able to engage in oil businesses in addition to its existing gold mining operation. the SMG board believes that it would be in the best interests of the Company to diversify its business.