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African Gold Ltd. ( (AU:A1G) ) has issued an update.
African Gold Ltd has announced a 119% increase in the inferred mineral resource at its Blaffo Guetto deposit, now totaling 989,000 ounces of gold within 12.4 million tonnes at a grade of 2.5g/t. This expansion, achieved at a low cost, highlights the deposit’s high-grade nature and growth potential, with mineralization open in all directions. The company is fully funded with A$12 million to continue resource expansion and exploration, aiming to establish a multi-million-ounce gold system. The strategic focus includes expanding the Blaffo Guetto resource and advancing regional targets, potentially unlocking substantial value for shareholders.
More about African Gold Ltd.
African Gold Ltd is a company operating in the mining industry, primarily focused on the exploration and development of gold resources. The company is engaged in projects in Cote d’Ivoire, with a significant focus on the Didievi Project, which includes the Blaffo Guetto deposit.
YTD Price Performance: 190.91%
Average Trading Volume: 2,310,770
Technical Sentiment Signal: Buy
Current Market Cap: A$84.22M
Find detailed analytics on A1G stock on TipRanks’ Stock Analysis page.