Roscan Gold Corporation commends the Government of Mali for partially lifting the suspension on mining title applications, which will take effect on March 15, 2025. This decision is pivotal for Roscan’s Kandiole Gold Project, supporting its development and enhancing governance in Mali’s mining sector. Roscan reported a substantial indicated Mineral Resource Estimate and is optimistic about future prospects in collaboration with the government.
Roscan Gold Corporation has expressed its approval regarding the Government of Mali’s decision to partially lift the suspension on mining title processing applications. This significant development marks an important milestone for Mali’s mining industry and alleviates risks for Roscan’s Kandiole Gold Project. Announced on March 10, 2025, the lifting of the suspension is set to take effect on March 15, 2025.
The Malian Ministry of Mines will resume processing applications for research and exploitation permits, including transitions from research to exploitation and requests for transfer of exploitation permits. This decision follows the government’s efforts to enhance governance within the mining sector, promoting a more efficient operational environment.
Roscan Gold highlights this progress as a crucial support for the Kandiole Gold Project, which currently has an indicated Mineral Resource Estimate of 27.4 million tonnes at 1.2 g/t gold, amounting to 1.02 million ounces, and an inferred MRE of 5.2 million tonnes at the same grade. Furthermore, Roscan has identified an additional exploration target for potential future growth, enhancing the project’s prospects.
Nana Sangmuah, President and CEO of Roscan Gold, stated that this announcement instills clarity and stability within Mali’s mining sector, expressing gratitude towards the government’s commitment to improve sector governance. He emphasized the importance of this advancement in bolstering confidence in the project’s potential and the overall positive trajectory of Mali’s mining industry.
Roscan Gold remains dedicated to collaborating with the Malian government and other stakeholders to further its exploration and development initiatives while ensuring value creation for all involved parties. Pascal van Osta, Vice President of Exploration, is the designated Qualified Person who has verified the technical information provided in this announcement.
In summary, Roscan Gold Corporation welcomes the partial lifting of the suspension on mining title processing applications by the Government of Mali, marking a significant step for both the local mining sector and the Kandiole Gold Project. This progression not only enhances governance but also augments the potential for Roscan’s exploration and development activities in Mali. The ongoing collaboration between Roscan and governmental bodies is critical for fostering growth and stability in the mining industry.
Original Source: www.newsfilecorp.com
