Kobo Resources Inc. expands its exploration portfolio in Côte d’Ivoire with two earn-in agreements with NESDAVE MINING SARL and new license applications totaling 181.59 km². This initiative is a part of the Company’s strategic growth plan to enhance gold prospecting in a highly promising region. CEO Edward Gosselin emphasizes the importance of these developments for long-term success.
Kobo Resources Inc. has notably expanded its exploration strategy in Côte d’Ivoire, signaling growth in a highly promising gold region. The Company has entered into two earn-in agreements with NESDAVE MINING SARL and submitted applications for new licenses, aiming to increase its footprint in this mineral-rich area. These developments reflect Kobo’s long-term growth strategy focused on gold exploration opportunities.
The recently formed earn-in agreements grant Kobo the opportunity to acquire additional exploration ground, totaling 166.78 km². The agreements were made with NESDAVE MINING SARL, an Ivorian exploration firm, highlighting the Company’s commitment to regional collaboration. These agreements, coupled with new license applications through KUNIBOA MINING Co., reinforce Kobo’s strategic expansion efforts.
Furthermore, the establishment of KUNIBOA allows Kobo to hold a 40% stake and apply for two additional licenses covering 181.59 km². The applications aim to diversify the Company’s exploration initiatives while supporting its ambitions within Côte d’Ivoire’s gold mining sector. Kobo continues to evaluate and advance potential gold discoveries in this lucrative region.
Edward Gosselin, CEO of Kobo, emphasized the significance of this expansion by stating, “Expanding our exploration footprint in Côte d’Ivoire is a key element of Kobo’s long-term growth strategy…securing additional land positions supports our long-term strategy for evaluating and advancing new target areas in-country.”
Regarding the details of the NESDAVE earn-in agreements, one license covers 93.28 km² in the Agnibilékrou Department, while the second license encompasses 73.5 km² in the southeast region. Each license can provide Kobo with a 90% interest over a four-year term, requiring an investment of $550 million CFA F (around C$1.25 million). An upfront fee, common shares, and a net smelter return agreement further define the collaboration.
The Kuniboa applications, situated near existing licenses, aim for submission to the Inter-Ministerial Commission for approval, with expectations to finalize through Presidential Decree by 2025. These applications are integral to Kobo’s long-term strategy for growth within Côte d’Ivoire.
Kobo Resources, the gold exploration company, operates the Kossou Gold Project, which boasts significant exploration accomplishments. With extensive drilling completed, the Project shows promising results, confirming mineralization across high-priority targets. Kobo’s commitment to expanding its exploration portfolio reflects its professional expertise and vision for sustainable growth in West Africa’s gold districts. Investors can access more information on Kobo Resources through its official website.
Kobo Resources Inc.’s expansion in Côte d’Ivoire signifies a strategic enhancement of its exploration portfolio in a region noted for its gold mining potential. The new earn-in agreements and license applications demonstrate a robust commitment to identifying and developing lucrative opportunities within the sector. With an established base in Côte d’Ivoire and a dedicated exploration approach, Kobo is poised for future advancements in gold discovery and development.
Original Source: www.juniorminingnetwork.com
