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The $C1.1 billion deal delivers Fortuna not only a development-
ready project but an exploration footprint in one of the world’s
hottest gold exploration destinations.
Séguéla is expected to pour first gold in 2023, Roxgold having
taken the project to the verge of development following the
delineation of a 1.088 moz @ 2.8 g/t gold reserve and 1.432 moz
@ 2.9 g/t resource.
The trend stretches back to previous events. Of the 2017
programme, the Namdini project in Ghana is now in the hands of
Shandong Gold Mining which beat off competition from Nordgold
for ASX-listed junior Cardinal Resources.
NewGenGold 2021 attracted a record attendance of more Cardinal shared the stage with Atlantic Gold which presented
than 500 delegates its Moose River project, now in the hands of ASX-listed miner St
Barbara Ltd which paid $768 million for the asset in May 2019.
Lake Rebecca boasts a global resource of 29.1mt @ 1.2 g/t for The 2015 conference featured Borden (Canada) and Haile (US)
1.105 moz but with multiple targets in an environment previously which had both been recently snapped up by larger players as
thought of as barren, Ramelius is eyeing up further exploration well as the Mako project in Senegal which Resolute Mining Ltd
upside. acquired in 2019 in a $US274 million deal. Another West African
Joining Lake Rebecca on the programme was the Séguéla asset on that year’s agenda, Kiaka in Burkina Faso, recently
project in Cote d’Ivoire which had changed hands earlier in the welcomed a new owner with West African Resources Ltd paying
year following Fortuna Silver Mines Inc’s acquisition of Roxgold. B2Gold Corp $US100 million for the 6.8 moz project.
Although there has been plenty of corporate activity in West With corporate activity continuing to run hot and exploration assets
Africa of late, Fortuna’s move for Roxgold came as a surprise as thin on the ground, several investors could well be scouring their
it had previously been focused on silver assets in Latin America. NewGenGold proceedings books to find the next hidden gem.

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