• Asante Gold begins the process to list on the ASX in 2026.

• The company aims to lift output at Bibiani and Chirano to 500,000 ounces by 2028.

• Asante seeks broader investor access on a major mining-focused exchange.

Asante Gold, the Canadian mining company, has begun the steps required to list its shares on the Australian Securities Exchange (ASX) next year. The announcement was made on Monday, December 8, as the company continues to advance its growth plan to raise combined gold production from its Bibiani and Chirano mines in Ghana to 500,000 ounces by 2028, up from 189,000 ounces in 2024.

According to the details provided, an application for approval has already been filed with ASX authorities. At the same time, Asante is working with Australian advisers and brokers to prepare the documentation needed for the future listing. Through this move, the company aims to expand its investor base by accessing a market with strong expertise in the mining sector.

In addition to the Ghana Stock Exchange (GSE), the Frankfurt Stock Exchange (FSE), and the US OTC Market, Asante Gold’s shares have also been trading for several weeks on the TSX Venture Exchange (TSXV) in Canada. The ASX is a major global hub for mining investments. According to Geoscience Australia, around 47% of companies listed on the exchange in 2023 operated in the energy and materials sectors, including mining and exploration firms.

Joining this strategic market could offer greater visibility to Asante’s Ghana operations and aligns with the initiatives implemented in recent months to accelerate its growth. Bibiani and Chirano are currently the company’s only producing gold mines. For now, the timeline and specific terms of the upcoming ASX listing remain to be clarified.

In the meantime, Asante continues its production and development activities in Ghana. Earlier this year, it secured $470 million in financing to support work at both sites, including completion of the Bibiani sulphide plant. For 2025, the company is targeting total output of up to 350,000 ounces from the two mines.

Aurel Sèdjro Houenou