- Mali’s Council of Ministers granted Roscan Gold (TSXV:ROS) new extensions of its key exploration permits, a major step towards the issuance of an exploitation permit in the near future
- Roscan Gold is a Canadian junior miner active in West Africa
- Roscan Gold stock has added 32.50 per cent year-over-year but remains down by 66.03 per cent since 2020
Mali’s Council of Ministers granted Roscan Gold (TSXV:ROS) new extensions of its key exploration permits, a major step towards the issuance of an exploitation permit in the near future.
This content has been prepared as part of a partnership with Roscan Gold Corp., and is intended for informational purposes only.
The renewal will allow the company to advance its Kandiole gold project, including technical studies, stakeholder engagement and project development activities. The project is located east of B2Gold’s (TSX:BTO) 7-million-ounce Fekola mine and IAMGOLD’s (TSX:IMG) Boto and Diakha deposits, and north of IAMGOLD Siribaya deposit.
Kandiole houses a pair of high-grade discoveries forming a 7-kilometre mineralized trendline, and benefits from a pipeline of additional targets, granting it the potential to yield a world-class gold deposit.
The news stands in stark contrast to recent friction between the Mali government and other miners active in the country, including major gold producer Barrick Mining and Australia’s Resolute Mining.
Leadership insights
“With this renewal in place, Roscan has a clear path to continue advancing our projects in Mali. The next key milestone for the company is to obtain a mining permit while advancing our preliminary economic assessment. These are critical steps in transitioning from exploration to development,” Nana Sangmuah, Roscan Gold’s president and chief executive officer, said in a statement. “We are grateful for the confidence placed in us by the Ministry of Mines and remain committed to building a project that creates long-term value for all stakeholders.”
About Roscan Gold
Roscan Gold is a Canadian gold exploration company active in West Africa.
Roscan Gold stock (TSXV:ROS) is up by 26.19 per cent on the news trading at C$0.13 as of 10:38 am ET. The stock has added 32.50 per cent year-over-year but remains down by 66.03 per cent since 2020.
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