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Mako Gold Limited (ASX:MKG) is an Australian based exploration company focused on advancing its flagship Napié Gold Project in Côte d’Ivoire located in the West African Birimian Greenstone Belts which hosts more than 70 +1Moz gold deposits. Senior management has a proven track record of high-grade gold discoveries and delineation of Mineral Resources in West Africa.
Mako Gold announced its 868koz Au maiden Mineral Resource Estimate (MRE) at the Napié Project (224km²). The maiden MRE comprises the Tchaga and Gogbala prospects which constitute only 4.4km of the 30km-long Napié Shear. Only 13% of the Napié Shear has been systematically drilled, indicating strong potential of a multi-million-ounce gold system at Napié. Mako completed the acquisition of an additional 39% interest in the Napié Project, increasing total ownership to 90%. As a result, established West African gold producer, Perseus Mining Limited (ASX:PRU), is a strategic shareholder with a 2.94% equity holding in Mako. In addition, Mako Gold has 100% ownership of the Korhogo Project comprising two permits (296km2) covering 17km of faulted greenstone/ granite contact (high-grade gold targets) located within 30km of Barrick’s operating Tongon Gold Mine (4.9Moz Au). Mako Gold recently announced a significant manganese discovery on the Korhogo Project which has the potential to be a globally significant deposit and provides Mako with an entry into the critical battery minerals race. Mako has strategic alliances with Perseus Mining Limited (ASX:PRU) and Geodrill (TSX:GEO). Mako Gold strives for excellence at being a good corporate citizen. To achieve this, we have a number of policies and practices in place to protect and enhance opportunities for our stakeholders. We recognise that attention to Environmental, Social and Governance (ESG) principles is an ongoing journey. In 2021, Mako Gold sold its Niou Project to Nordgold , a 1Moz per annum global producer. Mako retains a 1% NSR on the project. Nordgold has the right to purchase the NSR at any time for $US4.5M. Mako had announced a gold discovery on Niou in January 2019. |
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