Siguiri Gold Corp (ASX:SGD) chairman Michael Minosora talked with Proactive about the company's progress towards its upcoming IPO on the ASX and ongoing exploration efforts in Guinea.
Minosora highlighted that Siguiri Gold has already completed 10,000 meters of its 70,000-meter drilling program at the Siguiri Gold Project, with plans to resume drilling once the listing is finalised. He expressed confidence in releasing a maiden resource estimate by early next year, which will provide significant insights into the project’s potential.
Minosora detailed Siguiri Gold's strategic advantage, with its ground located adjacent to the well-established AngloGold Ashanti (ASX:AGG) mine in Guinea, known for producing 250,000 to 300,000 ounces of gold annually. He emphasised the simplicity and cost-efficiency of the project’s geology and processing, which align with Siguiri Gold’s focus on low CapEx and operational efficiency.
Discussing Guinea as a mining jurisdiction, Minosora praised its evolution into a recognised metals and mining destination, citing significant investments like Rio Tinto’s Simandou project.
With a positive outlook on both the IPO and ongoing exploration, Minosora assured investors of regular updates, starting with drilling results expected in October.