African Gold Exercises Kouroufaba Option

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Stock African Gold Ltd (A1G.ASX)
Release Time 11 Nov 2025, 9:34 a.m.
Price Sensitive Yes
 African Gold Exercises Kouroufaba Option
Key Points
  • African Gold exercises option to hold 80% interest in Kouroufaba Gold Limited
  • Kouroufaba Gold Limited holds 100% of Geo Resources SARL, which holds 4 exploration permits in Côte d'Ivoire
  • African Gold now holds rights across approximately 1,428 square kilometres within highly prospective, underexplored Birimian greenstone belts
Full Summary

African Gold Limited (ASX: A1G) has announced that it has exercised its option to hold an 80 percent interest in Kouroufaba Gold Limited. Kouroufaba Gold Limited holds 100 percent of Geo Resources SARL, the Côte d'Ivoire registered entity that holds the Didievi, Konahiri North, Konahiri South, and Koyekro exploration permits. With the exercise of the option, African Gold now holds rights across approximately 1,428 square kilometres within highly prospective, underexplored Birimian greenstone belts in Côte d'Ivoire. This milestone achievement will allow the company to continue focusing on unlocking value in Côte d'Ivoire, advancing exploration, resource growth, and project development at Didievi, while also fast-tracking Konahiri into its first diamond drilling campaign. CEO Adam Oehlman commented that securing 80 percent of Kouroufaba Gold is another step toward developing Côte d'Ivoire's next multi-million-ounce gold project, and with a large, contiguous land position and a strong cash position, the company is well placed to accelerate drilling, grow resources, and progress development.