Roscan Gold Corporation has welcomed the Government of Mali’s decision to partially lift the suspension on mining title applications. Effective March 15, 2025, the Mining Administration will process applications for renewals and transitions, supporting the advancement of Roscan’s Kandiole Gold Project, which has reported significant Mineral Resource Estimates.
Roscan Gold Corporation has expressed its approval regarding the recent announcement by the Government of Mali concerning the partial lifting of the suspension on mining title processing applications. This decision marks a significant advancement for both the mining sector in Mali and for Roscan’s Kandiole Gold Project, reducing risk for ongoing operations.
Effective March 15, 2025, the Malian Ministry of Mines will resume processing applications for the renewal of research and exploitation permits. This includes reviewing applications to transition from research to exploitation phase, as well as permitting the transfer of exploitation permits. This progress follows efforts to enhance governance and operational efficiency within Mali’s mining sector.
Roscan Gold has demonstrated considerable potential at the Kandiole Gold Project, reporting an indicated Mineral Resource Estimate of 27.4 million tonnes at a grade of 1.2 g/t gold, equating to 1.02 million ounces. An additional inferred Mineral Resource Estimate amounts to 5.2 million tonnes at 1.2 g/t gold, or 0.20 million ounces, utilizing a gold price of $1,500 per ounce.
Furthermore, Roscan has identified an exploration target estimated between 8 million tonnes at a grade of 1.0 g/t Au and 30 million tonnes at 0.8 g/t Au, outlining potential for significant growth in mineral resources alongside favorable exploration results outside the currently defined areas.
Nana Sangmuah, President and CEO of Roscan Gold, highlighted the decision as a pivotal moment for the Kandiole Project, stating, “This step forward represents a significant de-risking of our Kandiole Project. This reinforces our confidence in the project’s potential and the positive upward trajectory of Mali’s mining sector.” Roscan remains committed to collaboration with the Malian government and local stakeholders in furthering its exploration and development objectives.
In accordance with National Instrument 43-101, Pascal van Osta, P. Geo., Vice President of Exploration for Roscan, verifies the accuracy of the technical information disclosed in this announcement. Roscan Gold Corporation focuses on gold exploration and the acquisition of mining properties in West Africa, holding a significant land position in the vicinity of active gold mining operations.
For inquiries, interested parties may contact Nana Sangmuah, who can be reached via telephone or email.
The Government of Mali’s decision to partially lift the suspension on mining title applications has been warmly welcomed by Roscan Gold Corporation. This move is pivotal for the advancement of the Kandiole Gold Project, reducing operational risks and enhancing the potential for resource growth. Roscan is committed to strong collaboration with governmental authorities to further its strategic objectives in the region.
Original Source: www.newsfilecorp.com
