Roscan Gold Applauds Partial Resumption of Mining Title Processing in Mali

Roscan Gold welcomes the partial lifting of a mining title suspension by the Malian government, effective March 15, 2025. This development is pivotal for the Kandiole Gold Project, which boasts significant resource estimates. CEO Nana Sangmuah emphasizes the significance of this decision as a de-risking step, with plans for collaborative efforts to enhance exploration activities.

On March 10, 2025, Roscan Gold Corporation announced the partial lifting of the mining title suspension by the Government of Mali, which is significant for its Kandiole Gold Project. The Malian Ministry of Mines will recommence processing applications for renewal of research and exploitation permits starting March 15, 2025. This initiative follows the government’s efforts to enhance governance in the mining sector, marking a pivotal development for Roscan’s operations.

The Kandiole Gold Project is notably advanced, with Roscan reporting an indicated Mineral Resource Estimate (MRE) of 27.4 million tonnes at 1.2 grams per tonne (g/t) gold, equating to 1.02 million ounces. Additionally, an inferred MRE of 5.2 million tonnes at 1.2 g/t gold constitutes another 0.20 million ounces. These estimates were produced using cut-off grades and a standard gold price of $1,500 per ounce, signaling robust potential for resource expansion.

Roscan Gold has also identified a prospective exploration target for resource growth estimated between 8 million tonnes at 1.0 g/t Au and 30 million tonnes at 0.8 g/t Au, alongside encouraging exploration results outside current resource areas. Further information on Roscan’s MRE and exploration target can be found in previous press releases dated June 8, 2022.

Nana Sangmuah, President and CEO of Roscan Gold, expressed that this decision by the government provides needed clarity for the mining industry. He noted, “This step forward represents a significant de-risking of our Kandiole Project,” reinforcing confidence in both the project and Mali’s mining prospects. Roscan Gold is committed to collaborating with the Malian government and stakeholders to enhance exploration and development activities.

Pascal van Osta, Vice President of Exploration, is recognized as the Qualified Person for this release, affirming that the technical information disclosed is accurate and compliant with National Instrument 43-101 standards. Roscan Gold is dedicated to exploring and acquiring gold properties across West Africa, boasting ownership of a significant land position in a region with active gold production and significant deposits.

For further information, contact Nana Sangmuah, President & CEO at (416) 900-1412 or via email at [email protected].

In summary, the partial lifting of the mining title suspension in Mali is a crucial development for Roscan Gold Corporation. This change facilitates further progress on the Kandiole Gold Project, enhances potential resources, and restores confidence in Mali’s mining governance. The company remains committed to collaborating with stakeholders to foster exploration growth in the region.

Original Source: www.newsfilecorp.com