Kobo Resources Inc. is enhancing its exploration efforts in Côte d’Ivoire through earn-in agreements with NESDAVE MINING SARL, acquiring additional exploration ground and establishing KUNIBOA MINING Co. to apply for new licenses. The company’s CEO highlights the strategic importance of these developments, reinforcing Kobo’s commitment to long-term growth in gold exploration.
Kobo Resources Inc. has broadened its exploration efforts in Côte d’Ivoire through new earn-in agreements and license applications, thus capitalizing on the region’s potential for gold mining. By entering into two agreements with NESDAVE MINING SARL, Labrador focuses on expanding its footprint in one of West Africa’s richest gold belts with the acquisition of an additional 166.78 km² of exploration ground.
Furthermore, Kobo has solidified its local presence by establishing KUNIBOA MINING Co. in collaboration with local partners, where it retains a 40% stake. The company has also applied for two more exploration licenses, covering 181.59 km², which enhances its operational base in Côte d’Ivoire.
Kobo’s strategic approach aims to extend its exploration portfolio, seeking out promising gold discoveries. Edward Gosselin, the CEO of Kobo, stated that these agreements present vital opportunities for the company to solidify its exploration success in a region known for its mineral richness.
Additionally, the terms of the earn-in agreements entitle Nesdave to a 1% net smelter return while providing Kobo the option to purchase back half of the NSR. A bonus payment of C$1.00 per ounce of proven gold is also guaranteed post-positive feasibility study, enhancing the potential profitability of these agreements.
In tandem with these agreements, Kobo is actively pursuing gold exploration licenses through KUNIBOA, with applications for two licenses located close to its existing Kotobi site. The company anticipates approvals by presidential decree in 2025, thereby expanding its operational capabilities.
Kobo Resources continues to advance its flagship Kossou Gold Project, having completed extensive drilling programs that facilitate the exploration of multiple targets. The company’s ongoing efforts are aimed at boosting its land position while solidifying its commitment to explore promising gold regions in West Africa. Kobo’s shares are traded on the TSX Venture Exchange under the symbol “KRI”, reflecting its growing prominence in the mining sector.
In summary, Kobo Resources Inc. is strategically expanding its exploration capabilities in Côte d’Ivoire, focusing on the acquisition of new licenses and partnerships aimed at uncovering gold deposits in a region rich in mineral potential. With a robust exploration strategy and a commitment to growth, Kobo is well-positioned to enhance its portfolio and capitalize on opportunities in West Africa’s gold mining landscape.
Original Source: www.juniorminingnetwork.com
