By: Discovery alert

African Gold Limited has successfully exercised its Kouroufaba option agreement, demonstrating how African Gold secures 80 percent stake in Ivorian gold territory. This strategic acquisition provides the company with a controlling interest in Kouroufaba Gold Limited and expands its footprint across 1,428 square kilometres of highly prospective Birimian greenstone belts in Côte d'Ivoire.

The transaction consolidates the company's position in one of West Africa's most promising gold exploration territories. Furthermore, the acquisition encompasses the Didievi, Konahiri North, Konahiri South, and Koyekro permits, creating a substantial exploration portfolio.

The option exercise represents the culmination of nearly five years of due diligence since the original agreement was signed in November 2020. With this expanded land package now under its control, African Gold is positioning itself to accelerate exploration activities.

What Makes This Acquisition Strategically Significant?

This transaction demonstrates precisely how African Gold secures 80 percent stake in Ivorian gold territory through systematic planning and execution. The acquisition provides immediate access to diamond drilling campaigns at the Konahiri project, whilst maintaining a strong cash position to support accelerated exploration programmes.

Key Transaction Highlights:

• 80% controlling stake in Kouroufaba Gold Limited acquired
• 1,428 km² of exploration permits secured across four key areas
• Strategic positioning within Birimian greenstone belts – proven gold-hosting geology
• Immediate access to exploration opportunities across multiple permits
• Strong financial foundation supporting multi-year exploration strategy

Management describes this as a crucial step toward developing "Côte d'Ivoire's next multi-million-ounce gold project." However, the company's approach extends beyond simple resource acquisition to encompass systematic exploration and development planning.

Understanding the Geological Advantage

For investors seeking to understand how African Gold secures 80 percent stake in Ivorian gold territory, the geological context proves essential. Birimian greenstone belts represent some of the most prolific gold-producing terrains in West Africa, dating back approximately 2.2 billion years.

These geological formations have consistently delivered multi-million-ounce gold discoveries across the region. For instance, they host major mines including Kinross Gold's Tasiast with 10+ million ounces and various Endeavour Mining operations throughout West Africa.

What Makes Birimian Belts Exceptional

• Proven track record across multiple world-class operations
• Structural complexity creates multiple gold trap mechanisms
• Volcanic and sedimentary sequences provide ideal mineralisation conditions
• Underexplored potential despite regional mining success

The strategic value becomes clear when considering that African Gold's 1,428 km² position provides significant exploration upside. In addition, this territory has received relatively limited historical exploration compared to established mining districts in neighbouring countries.

Accelerated Exploration Strategy and Development Timeline

The completion of this acquisition enables African Gold to implement an accelerated exploration strategy across its expanded portfolio. Consequently, the company has outlined clear priorities for value creation through systematic exploration and resource development.