Investment case

A defined strategy to leverage skills and assets in West African gold, unlock the value of Bhukia and optimise then harvest the value of other portfolio assets.

Established, multi-disciplined and highly experienced discovery driven team with a history of delivering results:
  • Naton — Multiple target areas with extensive gold soil anomalies, high-grade intercepts, conducive structures and significant eluvial gold and artisanal mining activity
  • Kalaka — Gold exploration target of 250,000oz to 500,000oz suggested by previous drilling, untested artisanal mining areas, eight well-defined targets with additional geophysical targets
  • Bassala — 6km long gold-in-soil anomalous zone with limited trenching and RAB follow up which has hit multiple mineralised zones from 3m to 9m wide with grades up to 4.5 g/t
A defined strategy to leverage skills and assets in West African gold, unlock the value of Bhukia and optimise then harvest the value of other portfolio assets:
  • A world class portfolio of West African gold properties with drill-ready targets for near term testing
  • World class gold exploration target in Rajasthan with PL grant advancing
  • Leverage to the development of Tellerhäuser, a +100kt tin deposit in Germany
  • Copper-gold and iron ore targets in India available for rapid assessment
An expanding, high value, West Africa gold exploration portfolio with drill-ready targets for near term testing:
  • Naton — Multiple target areas with extensive gold soil anomalies, high grade intercepts, conducive structural setting and significant eluvial gold apparent
  • Kalaka — Previous RC & diamond drilling highlights identified a large, low-grade zone of mineralisation with multiple drill intersections exceeding 150m at the 0.5 g/m Au level
  • Bassala — 6km long gold-in-soil anomalous zone with limited trenching and RAB followup outlining a mineralised zone from 3m to 27m wide with grades up to 4.5g/t
Balance sheet and exploration financing secured through a three stage financing with agreed escalating price profile