Ellipsis Mining exploration manager Baker Khudeira speaks with Proactive's Stephen Gunnion about the company’s projects and ambitions in Africa. Khudeira outlined how Ellipsis Mining, an Australian-registered private company, is focusing on significant gold and iron ore exploration in southern Morocco and northern Mauritania. He shared that the company has identified 21 gold targets in Mauritania and is actively drilling for gold in the region.
In Morocco, Ellipsis Mining has uncovered promising deposits, including one for gold and another for iron ore. According to Khudeira, gold samples from Mauritania have shown high surface results of 6 to 8 grams per ton, with estimates indicating a potential 20 to 25 million ounces of gold. He also discussed plans for an initial public offering (IPO) on the Australian Securities Exchange (ASX) following the completion of drilling programs within the next six months.
Khudeira highlighted the strong interest the company has received at the Resourcing Tomorrow conference, with their CEO presenting the company’s vision to a broad audience of investors and industry stakeholders.