High-Grade Gold Discoveries in Mali
Stock Code:
TSX-V:ROS | OTC:RCGCF | FSE:2OJ
Company Exposure:
Gold
Project Locations:
Mali
Roscan Gold Corporation is a Canadian gold exploration company focused on the exploration and acquisition of gold properties in West Africa. The company has assembled a significant land position of 100%-owned permits in an area of producing gold mines (including B2 Gold’s Fekola mine, which lies in a contiguous property to the west of Kandiolé), and major gold deposits, located both north and south of its Kandiolé Project in west Mali.
The Kandiolé Project lays in the prolific gold prospective Birimian rocks and management continues its efforts to acquire further permits in this region with the goal to expand its existing land package in West Africa.
Roscan has also assembled a strong, highly successful management and exploration team led by Nana Sangmuah, Roscan’s president and CEO; Gregory Isenor, P.Geo, strategic advisor and QP; Pascal van Osta, Roscan’s VP-Exploration; and Touba Mining SARL. This exploration team is highly experienced and has been very successful in working in this area and geological environment.
Investment Highlights
Prolific land package
- Highly prospective 401.8km2 land package with multiple discoveries
- Approximately 25km east of B2Gold’s Fekola mine and about 45km from Barrick’s Luolo mine – within trucking distance from flagship target (Mankouke South)
- Seven operating mines within an 80km radius of the Kandiole Project
- Over 51Moz delineated historically in the district
Resource scale potential
- Three deposits with 1.2Moz global (84% indicated and 72% saprolite) + up to 0.8Moz exploration target
- Robust starter pit potential of 377Koz at 2.6g/t at Mankouke South
- Four immediate targets for resource growth: Disse, Walia, Niala, and Mankouke West targets
- 16 regional targets in the Siribaya-Mankouke-Seko corridor
De-risking milestones
- Completing permitting process
- Positive metallurgical test results (+97% oxide and +92% fresh rock recoveries)
- Potential high-margin low-cost operation leveraging existing infrastructure
- Leadership and track record of the team
Compelling valuation
- Compelling valuation compared recent precedent transaction (two M&A transactions on contiguous ground), acquired projects not as de-risked as Kandolie Gold Project
- ROS trades at C$24/oz global resource and C$15/oz resources + exploration potential
- B2Gold-Oklo transaction valued at C$117/oz
- Managem-IAMGold transaction valued at C$82/oz