Mako Gold is led by a highly experienced team of mining industry professionals with a proven track record of gold discovery in Burkina Faso and gold production in Australia.
Mako Gold is focussed on the discovery of large high-grade gold deposits in highly prospective and under-explored terrains in Cote d'Ivoire, Burkina Faso and other favourable countries in West Africa.
A $2m cornerstone investment was secured from Resolute Mining Limited as part of Mako Gold's IPO on the ASX to raise $6m. The funds will be used for exploration activities in West Africa, corporate expenses, general working capital, and the costs of the Offer. The Offer closed oversubscribed on 29 March 2018 and the Company listed on ASX (share code MKG)on 16 April 2018.
Cote d'Ivoire contains more Birimian greenstone belts than other West African countries yet only 20Moz of gold resources have been found to date making it an ideal location for future gold discoveries.
Mako has signed a Farm-In/JV Agreement on the Napié Permit in Cote d'Ivoire and has a geology team on the permit ground-truthing the drill targets. Mako Gold intends to drill the multiple gold targets immediately post-listing.
Burkina Faso is an attractive investment destination with strong government support for mining, a modern mining code and gold resources of over 50 million ounces with 10 new gold mines constructed and operating in the last 12 years.
Mako Gold has secured two gold projects in highly mineralised terrain in Burkina Faso, that have no known drilling, which contain extensive artisanal workings indicating the presence of gold mineralisation.
Business development activities are ongoing, with the goal of increasing Mako's project portfolio to add shareholder value.
High-Grade Rock Chip Results on Niou Project
Mako Gold Commences Drilling in Cote d'Ivoire
Mako Gold Admitted to ASX
Mako Gold Closes $6m IPO Offer Oversubscribed on 29 March 2018
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