Mar 11
Today we have appointed SpareBank 1 Markets AS (SB1) to advise on project financing for our upcoming gold mining operation for the Segele deposit. As financial adviser, SB1 will work closely with the Company to explore relevant funding opportunities such as equity, bank debt and offtake agreements, along with other strategic options that are available […]
Mar 07
An important milestone for our company as we performed in a ceremony to mark the start of the company’s next phase towards mining and gold production in Segele. Initial production is expected to commence by the end of 2022, ramping-up into 2023. Once fully operational, we estimate an annual production at Segele of around 45,000 […]
Mar 04
Today we renewed our existing exploration license of 182 km2 in the Akobo region. This will secure a strong long-term position for both mining and exploration activities for the company. The renewal is a result of many years of positive relationships with the Ministry of Mines, and the continued efforts to develop and progress our […]
Mar 02
Today we intersected visible gold at 282 metres vertical depth, as well as seeing signs of further potential gold mineralisation in several sections along this latest hole. All indicators point to a belief that our Segele mine can be sustained for much longer than previously envisaged. The previous deepest intersection of gold mineralisation was at […]
