- African Gold Group (AGG) announces plans to seek a listing on the Australian Securities Exchange
- The move, planned over the next few months, comes after receiving in-principle notice from the ASX that it would be suitable for listing
- The company has received ample support from Australian investors for its Kobada Project in South-Western Mali
- African Gold Group is an exploration and development company focused on building Africa’s next mid-tier gold producer
- African Gold Group (AGG) is unchanged trading at $0.10 per share
African Gold Group (AGG) has announced plans to list on the Australian Securities Exchange.
The move, planned over the next few months, comes after receiving in-principle notice from the ASX that, subject to certain conditions, the company would qualify for listing.
Following the listing, the company plans to expand its Kobada Project in South-Western Mali (3.2M ounces gold) along numerous highly prospective drill targets, as well as enhance its definitive feasibility study, which shows an economical 100,000 oz. per year over the first decade of production.
Over the past two-and-a-half years, the company has grown its mineral resource by 40 per cent and its ore reserves by more than 140 per cent.
The company has also strengthened its board with the addition of Tim Kestell, an Australian domiciled, independent director experienced in guiding companies through the process from developer to producer.
Kestell has over 25 years of experience in capital markets, including key roles in transitioning miners Capricorn Metals and Emerald Resources NL from explorers to producers.
Scott Eldridge, Non-Executive Chairman, has also stepped down, with Jan-Erik Back, Deputy Chairman, stepping up to the Chairman role.
“Our decision to seek a dual listing on the ASX is a result of significant support from Australian investors into our Kobada Project,” stated Danny Callow, CEO of African Gold Group. “We believe that a dual listing will unlock further opportunities through access to a broader pool of informed capital, and for AGG to unlock its full value for shareholders.”
African Gold Group is an exploration and development company focused on building Africa’s next mid-tier gold producer.
African Gold Group (AGG) is unchanged trading at $0.10 per share at 9:41 am EST.
