Roscan Gold Celebrates Partial Lifting of Mining Title Suspension in Mali
Roscan Gold Corporation welcomes the Mali government’s partial lifting of the suspension on mining title processing applications. Effective March 15, 2025, the Ministry of Mines will process renewals and transfers of permits, facilitating progress in Roscan’s Kandiole Gold Project. With substantial mineral resource estimates and exploration potential, this announcement reinforces the positive outlook on the project’s development and the mining sector in Mali.
Roscan Gold Corporation has expressed its satisfaction regarding the announcement from the Government of Mali about the partial lifting of the suspension on mining title processing applications. This development is a notable advancement for both the Malian mining sector and Roscan’s Kandiole Gold Project, which is poised for progress due to this decision.
Effective March 15, 2025, the Malian Ministry of Mines will recommence the processing of applications for renewals of research and exploitation permits. This includes applications transitioning research into exploitation, and requests for the transfer of existing exploitation permits. Such changes advocate for improved governance within Mali’s mining sector.
Roscan Gold is enthusiastic about the implications of this decision on its Kandiole Gold Project. The Company has established a Mineral Resource Estimate (MRE) of 27.4 million tonnes at 1.2 g/t gold, equating to 1.02 million ounces, along with an inferred MRE of 5.2 million tonnes at 1.2 g/t gold for another 0.20 million ounces. These estimates utilize specific cut-off grades and a gold price benchmarked at $1,500 per ounce.
Moreover, Roscan has identified a potential exploration target for further resource growth ranging from 8 million tonnes at 1.0 g/t Au to 30 million tonnes at 0.8 g/t Au. This includes substantial positive exploration results outside previously defined MRE areas, indicating significant prospects for the project’s expansion.
Nana Sangmuah, President and CEO of Roscan Gold, acknowledged, “This announcement provides much-needed clarity and stability for the mining industry in Mali, and we appreciate the government’s commitment to strengthening the sector’s governance.” He also emphasized the importance of this development in terms of de-risking the Kandiole Project, reaffirming confidence in the mining sector’s positive trajectory in Mali.
Roscan Gold remains dedicated to collaborating with governmental entities and stakeholders to enhance its exploration and development efforts while maximizing stakeholder value. Pascal van Osta, P.Geo., serves as the Qualified Person for this release and ensures the accuracy of the technical information mentioned.
As a prominent Canadian gold exploration firm, Roscan Gold Corporation focuses on the acquisition and exploration of gold properties in West Africa, particularly in strategic and resource-rich areas adjacent to significant gold mines. For further inquiries, please contact President and CEO Nana Sangmuah.
In summary, the partial lifting of the suspension on mining title processing in Mali represents a crucial step forward for Roscan Gold and the broader mining industry. With the Government of Mali’s commitment to enhance governance and streamline the permitting processes, Roscan is poised for further advancements at its Kandiole Gold Project, supported by substantial mineral resource estimates and exploration targets. The Company’s dedication to collaborative development in Mali demonstrates its proactive approach to fostering growth in the sector.
Original Source: www.newsfilecorp.com
