The company plans to explore for gold in Cote d’Ivoire and has the rights for two granted exploration permits and two exploration permit application areas.
African mining expertise features strongly on African Gold’s board, with mining personality Tolga Kumova, as well as Steve Parsons and Evan Cranston, comprising the company’s directorship.
All three have substantial experience with African mining operations and currently hold 22.7% of the new company, which will dilute to 10% each once listed.
Unexplored gold project
Substantial operational experience
Parsons was the managing director of Gryphon Minerals Limited (ASX:GRY), which was taken over by Teranga Gold Corporation (ASX:TGZ), and is currently the managing director of Bellevue Gold Ltd (ASX:BGL).