Kobo Resources Enhances Exploration Strategy in Côte d’Ivoire

Kobo Resources Inc. is expanding its exploration portfolio in Côte d’Ivoire through new earn-in agreements and license applications, totaling 166.78 km² in partnerships with NESDAVE MINING SARL and KUNIBOA MINING Co. The company’s CEO emphasized the strategic importance of these developments in pursuing new gold discoveries in a highly prospective region. The agreements include substantial financial commitments and a 1% net smelter return to partners, highlighting Kobo’s dedication to exploration in West Africa.

Kobo Resources Inc., a gold exploration company based in Quebec City, has announced the expansion of its exploration activities in Côte d’Ivoire through new earn-in agreements and license applications. These initiatives are aimed at enhancing its presence in one of West Africa’s gold-rich regions, furthering its growth strategy focused on gold discovery and development.

Kobo has entered into two earn-in agreements with NESDAVE MINING SARL, enabling it to acquire 166.78 km² of exploration ground. This collaboration exemplifies Kobo’s commitment to broaden its exploration portfolio in areas recognized for significant gold potential.

In conjunction with its agreements, Kobo has established KUNIBOA MINING Co., collaborating with local partners to secure a 40% stake. This venture has led to the application for two additional exploration licenses, totaling 181.59 km², thus solidifying Kobo’s position in Côte d’Ivoire.

Edward Gosselin, the CEO of Kobo, emphasized the importance of this expansion, stating that it is integral to the company’s long-term growth strategy and provides opportunities for further exploration successes in the Côte d’Ivoire region, renowned for its prospective gold deposits.

Details of the Nesdave earn-in agreements highlight two gold exploration licenses acquired through a Presidential Decree, each lasting four years. The first license, PR-0970, located in the Agnibilékrou Department, allows Kobo to earn a 90% interest through an investment of approximately C$1.25 million.

The second license, PR-0973, spans 73.5 km² in the Adzopé, Alépé, and Yakassé-Attobrou Departments. Similar to the first, it offers a 90% interest for a like investment schedule. Each agreement also grants a 1% net smelter return to Nesdave, along with conditions for share issuances.

Additionally, the two exploration licenses under the Kuniboa applications, located near the Company’s Kotobi license, encompass areas of 163.25 km² and 18.34 km². The approval process is expected to conclude by Presidential Decree in 2025.

Kobo Resources is dedicated to advancing its exploration in Côte d’Ivoire, with the Kossou Gold Project being a focal point of its efforts. The company has made considerable progress at Kossou, supported by extensive drilling and exploration activities. With several high-priority targets identified, Kobo is poised for significant developments in the gold sector of West Africa. The Company actively seeks to discover and cultivate new gold opportunities, fully aligning with its growth vision.

Kobo Resources Inc. is strategically expanding its exploration initiatives in Côte d’Ivoire through new earn-in agreements and additional license applications. This expansion not only reinforces their commitment to one of West Africa’s premier gold regions but also positions them to enhance their exploration portfolio effectively. With significant investments and collaborative ventures, Kobo is well-equipped to explore new opportunities and advance its projects, setting the stage for long-term growth.

Original Source: www.businesswire.com