Côte d’Ivoire is becoming a leading gold exploration jurisdiction, with increasing investor interest due to positive geological findings and conducive government policies. Key companies are achieving significant drilling successes, and emerging players like Famien Resources represent further investment potential. The overall outlook for Côte d’Ivoire’s gold sector is optimistic as new projects and opportunities unfold.
In this edition of Ten-Bagger, John Forwood, chief investment officer at Lowell Resources Fund, highlights Côte d’Ivoire as an emerging leader in gold exploration. As gold prices approach $3000 per ounce due to safe-haven demand, investors are seeking jurisdictions with low operational risks. While West African gold producers often face an ‘African discount’, Côte d’Ivoire is gaining traction among explorers despite previous reputational challenges during its 2011 civil unrest.
Côte d’Ivoire has transformed into a preferred destination for gold exploration, particularly in its capital, Yamoussoukro. “Côte d’Ivoire seems to be the absolute flavour of the month; if you’re not in the WA Goldfields, then Côte d’Ivoire is a pretty good second prize,” states Forwood. The nation has experienced a positive shift in government attitudes, facilitating permit approvals in previously contested areas.
Recent geological findings in Côte d’Ivoire add to its appeal, illustrated by Many Peaks Minerals’ recent success at the Ferké gold project, which reported significant intercepts of high-grade gold. Forwood notes that the geology of Côte d’Ivoire remains promising, and with more permits being granted, further high-grade projects are likely to surface.
Forwood also emphasizes the potential of companies like Aurum Resources, which employs a unique drilling method reducing costs significantly. He also praises Many Peaks for their excellent grades and potential strike length at the Ferké site, and mentions Famien Resources—led by Paul Roberts, a known figure in the industry—as a compelling investment opportunity.
Further innovations and acquisitions in Côte d’Ivoire’s gold space suggest that the country is poised for growth in exploration and development, attracting interests from Australian-listed companies and private entities alike. The enthusiasm around this sector is fueled by high-grade results and the involvement of seasoned professionals with successful track records in the region.
Côte d’Ivoire has emerged as a premier destination for gold exploration, attracting investor interest due to evolving government policies and promising geological results. Despite past challenges, explorers are achieving significant successes, and opportunities are expanding, particularly for companies with experienced leadership. The landscape appears favorable for continued growth in the gold sector in Côte d’Ivoire.
Original Source: stockhead.com.au
