Investment Highlights
The Birimian sequence of West Africa is one of the world’s great gold regions. Based on the current West African mining industry, the region has excellent endowment and high prospectivity, with many multi-million ounce gold discoveries to date.
West Africa has also been the world leader in the discovery rate and development of new mines over the last 15 years.
The Company believes that its current exploration focus opens up opportunities to make discoveries in previously untested regions through the application of advanced geochemistry and detailed geophysics. Moreover, management is experienced in West African geology and community expectations.
All of the Company’s projects are located within Birimian Greenstone Belts. They have been strategically selected adjacent to major structural zones and all contain identified gold mineralisation or untested artisinal workings. The Projects are summarised below, and more detailed information is outlined in Section 2 of the Prospectus and the Independent Geologist’s Report (IGR) in Section 4 of the Prospectus.
Experienced Board and Management
The Board and management bring together a complimentary mix of practical exploration and corporate skills, with extensive experience in the following areas:
- significant global exploration project generation, identification and acquisition.
- exploration program management experience in Australia and overseas.
- building, managing and supporting exploration teams in remote/sensitive locations.
- capital raising, financial and economic evaluation.
The Company intends to employ personnel in Niger, Ghana and Cote d’Ivoire to ensure the successful management of field activities over the next two years. The Board is intending to appoint a senior exploration management team within a short period of time after the date of the Prospectus to rapidly develop and advance the exploration programmes of the Projects.
Niger – Kossa
- 970km2 granted licences developing gold district.
- Adjacent to IAMGold’s 5Moz Essakane Gold Mine.
- Encouraging grade and width with 1km of strike to date.
- Additional drilling and broad untested Geochemical anomalies.
- Pro-mining country with operating gold mines and world-class Uranium deposits.
Ghana – Ducie
- 1,100km2 (granted and yet to be granted) licences in prospective gold province, which the Company, through its wholly owned foreign subsidiary, MGS Ghana Limited, has a right to acquire.
- High-tenor geochemical anomalies.
- Artisanal workings, no previous drilling.
Cote d’Ivoire – Mangkono & Tortiya (application for exploration licences)
- Mangkono – 1,000km2 licence area – artisanal workings, no previous drilling.
- Tortiya – 870km2 licence area – application along strike of the Mangkono area.
All Projects located within Birimian Greenstone Belts.
