Roscan Gold Corporation welcomes the partial lifting of the mining title suspension in Mali, effective March 15, 2025. This decision enables the resumption of processing applications for mining permits, which is crucial for Roscan’s Kandiole Gold Project, where promising mineral resources have been identified. CEO Nana Sangmuah highlights this development as a significant de-risking event, enhancing confidence in the future of the project and Mali’s mining sector.
Roscan Gold Corporation has announced the beneficial impact of the Government of Mali’s decision to partially lift the suspension on mining title processing applications. This development symbolizes a pivotal milestone for both the local mining sector and Roscan’s Kandiole Gold Project. Effective March 15, 2025, the Malian Ministry of Mines will commence processing applications for renewal of research and exploitation permits and will also consider requests for permit transfers.
This announcement aligns with the company’s ongoing efforts to propel the Kandiole Gold Project forward, where an indicated Mineral Resource Estimate (MRE) indicates 27.4 million tonnes at 1.2 g/t gold, equating to 1.02 million ounces. Additionally, an inferred MRE of 5.2 million tonnes at 1.2 g/t gold has been identified, and the exploration target suggests potential growth ranging between 8Mt at 1.0 g/t Au and 30Mt at 0.8 g/t Au.
Nana Sangmuah, President and CEO, expressed appreciation for the clarity the government’s decision brings, stating, “This step forward represents a significant de-risking of our Kandiole Project.” He emphasized that the management’s continuous engagement with senior government officials underscores a confidence in the project’s potential prospects within Mali’s evolving mining sector.
Roscan Gold pledges to foster collaboration with the Malian authorities and stakeholders to enhance its exploration and development initiatives, thereby creating value for all parties involved. Pascal van Osta, Vice President of Exploration, acts as the Qualified Person for the news release, confirming the accuracy of the technical data provided. Roscan Gold remains dedicated to its mission in West Africa, where it is strategically positioned in a region rich in gold resources.
In conclusion, Roscan Gold Corporation is poised for significant advancement following the partial lifting of the mining title suspension in Mali. This development not only enhances the prospects of the Kandiole Gold Project but also reassures stakeholders about the project’s stability. The company’s focus on collaboration and commitment to exploring valuable opportunities within the region underscores its potential for growth in the sector.
Original Source: www.newsfilecorp.com
