Roscan Gold welcomes the Malian government’s decision to partially lift the suspension on mining title applications, effective March 15, 2025. This news is vital for Roscan’s Kandiole Gold Project as it resumes processing of permits and highlights the company’s significant mineral resource estimates and exploration potential. Roscan’s management expresses confidence in the future of Mali’s mining sector.
Roscan Gold Corporation has announced that the Government of Mali will partially lift the suspension on applications related to mining titles, effective March 15, 2025. This development marks a crucial milestone for the mining sector and mitigates risks associated with Roscan’s Kandiole Gold Project.
The Malian Ministry of Mines confirmed that applications for renewing research and exploitation permits will be processed again, as well as those requesting direct or indirect transfers of exploitation permits. This update is part of Mali’s efforts to improve governance in its mining sector.
Roscan Gold is optimistic about this announcement, as it will bolster the advancement of the Kandiole Gold Project. The indicated Mineral Resource Estimate (MRE) is 27.4 million tonnes with 1.2 g/t gold, equating to 1.02 million ounces, while an inferred MRE is 5.2 million tonnes at 1.2 g/t for 0.20 million ounces. These figures are based on specific cut-off grades and a gold price of $1,500 per ounce.
Moreover, Roscan has identified an exploration target for potential MRE growth that could range from 8 million tonnes at 1.0 g/t gold to 30 million tonnes at 0.8 g/t gold within and around the MRE areas, alongside significant exploration results elsewhere. Further details can be accessed in prior press releases dated June 8, 2022.
Nana Sangmuah, President and CEO of Roscan Gold, emphasized the importance of this announcement, stating it provides clarity and stability to Mali’s mining industry. He noted his engagement with senior government officials to advance the Kandiole Project and highlighted confidence in Mali’s mining sector’s prospects.
Roscan Gold is committed to cooperating with the Malian government to enhance exploration and development initiatives while delivering value to stakeholders. Pascal van Osta, the company’s Qualified Person, asserts the technical information’s accuracy in compliance with National Instrument 43-101.
Roscan Gold Corporation focuses on the exploration and acquisition of gold properties in West Africa, holding substantial exploration permits near operational gold mines. Further inquiries can be directed to Nana Sangmuah via the provided contact details.
The partial lifting of the mining title suspension in Mali is a pivotal development for Roscan Gold and its Kandiole Gold Project. This strategic move by the Malian government aims to foster a stable mining environment, allowing Roscan to advance its projects with renewed confidence. The potential for increased mineral resource estimates and further exploration underscores the growth opportunities in this region, reinforcing Roscan’s commitment to collaboration in the mining sector.
Original Source: www.newsfilecorp.com
