Roscan Gold Corporation has welcomed the announcement from the Malian government regarding the partial lifting of the suspension on mining title processing applications, which will commence on March 15, 2025. This decision supports the advancement of Roscan’s Kandiole Gold Project, where significant mineral resources have been identified. The company remains dedicated to collaborating with stakeholders to enhance the mining sector in Mali.
Roscan Gold Corporation has announced the partial lifting of the suspension on mining title processing applications by the Malian government, effective March 15, 2025. This decision marks a significant advancement for the mining sector in Mali and notably reduces risks associated with Roscan’s Kandiole Gold Project. The Ministry of Mines will process applications for the renewal of permits and allow the transition from research to exploitation, promoting governance improvement within the sector.
In terms of resource estimation, Roscan has identified an indicated Mineral Resource Estimate of 27.4 million tonnes at 1.2 g/t gold, amounting to 1.02 million ounces, and an inferred MRE of 5.2 million tonnes at the same gold grade, reflecting strong potential for the Kandiole Project. Additionally, the Company recognizes an exploration target for further growth estimated at 8 million to 30 million tonnes, complementing positive exploration results from areas outside the current MRE.
Nana Sangmuah, President and CEO of Roscan Gold, expressed appreciation for the clarity this decision brings to the mining industry in Mali. He emphasized the Company’s commitment to collaborating with government and stakeholders to maximize the project’s potential while enhancing value for all involved. His recent engagements with government officials underscore the critical nature of this milestone.
Pascal van Osta, P. Geo., serves as the Qualified Person for the company, affirming the accuracy of the technical information released. Roscan Gold is dedicated to exploring and acquiring gold properties in West Africa, maintaining a significant land position adjacent to established mines and significant deposits in the region.
For more information, Roscan encourages interested parties to contact them directly via phone or email, as provided in their official communications. It is important to consider that this announcement contains forward-looking statements regarding risks and uncertainties connected to mineral exploration and development, as per regulations. The company also highlights that past performance does not guarantee future outcomes regarding exploration activities.
In conclusion, the partial lifting of the mining title suspension in Mali represents a pivotal moment for Roscan Gold Corporation and the broader mining sector. This development not only enhances confidence in the Kandiole Gold Project but also signifies a commitment to better governance within the industry. Roscan Gold is well-positioned to advance its exploration and development activities, thus creating value for stakeholders while navigating potential risks and uncertainties.
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