The Company is a UK registered public company incorporated in September 2017 as a holding company for the Group. Prior to incorporation of the Company, the parent company of the Group was Indo Gold Limited (IGL), an unlisted Australian company, which is now a [wholly owned] subsidiary. The Group has been established to explore and develop the highly prospective Bhukia Project located in the State of Rajasthan in India, and continue to explore its prospective West African assets located in Burkina Faso and Mali.
The Board and management team are comprised of multidisciplinary, highly experienced and commercially successful individuals. In addition to the active portfolio of exploration assets, the Group also has a passive portfolio of projects through minority shareholdings in unlisted companies, which are non-core and will be nurtured for harvest at an appropriate time.
IGL operates through two core corporate subsidiaries:
In India, Indo Gold Mines Pvt Ltd (“IGMPL”):
A company formed in India in 2005 to incorporate a joint venture arrangement between IGL (70%) and Metal Mining Pvt Ltd (“MMI”) (30%). The joint venture agreement gives IGL the right to explore and develop mining projects on mineral properties held in trust for the JV. This includes the Bhukia project in the State of Rajasthan and the Taregaon project in the State of Madhya Pradesh.
The Company also has three joint venture agreements providing rights to earn into gold projects in West Africa (Burkina Faso and Mali) through completion of a defined exploration program. In addition to the active portfolio of assets, the Company also has a passive portfolio of projects, where they hold small non-controlling interests.