Traka Resources Targets High-Grade Gold in Guinea’s Siguiri Basin JV

• Earn-in JV agreement secured for Didi Gold Project in Guinea’s Siguiri Basin
• Project located 12km from AngloGold Ashanti’s 8.5Moz Siguiri Mine
• Historical exploration shows high-grade gold intercepts and extensive artisanal workings
• Upcoming drilling planned to confirm and extend mineralisation at priority targets
• Continued focus on Australian projects at Cranbrook and Gorge Creek

Strategic Entry into West African Gold Exploration

Traka Resources Limited has announced a significant strategic expansion into West Africa through an earn-in and joint venture agreement over the Didi Gold Project, located in Guinea’s highly prospective Siguiri Basin. This move marks a decisive shift in the company’s exploration focus, targeting one of the region’s most richly endowed gold provinces.

The Didi Project covers 75.45 square kilometres and lies just 12 kilometres west of AngloGold Ashanti’s Siguiri Mine, which boasts an 8.5 million ounce gold resource. The proximity to this tier-one mine, along with established infrastructure, enhances the project’s appeal and potential for development.

Compelling Geological and Historical Exploration Footprint

The Siguiri Basin forms part of the Birimian Greenstone Belt, a world-class gold province known for structurally controlled orogenic gold systems. Traka’s Didi Project exhibits key geological features consistent with significant gold mineralisation, including sheared metavolcanics, intrusive contacts, and quartz veining.

Historical exploration at Didi has been encouraging, with trench intercepts such as 24 metres at 3.7 grams per tonne gold (including 4 metres at 10.1 g/t) and diamond drill intercepts of 19 metres at 2.7 g/t gold. Surface geochemical surveys have delineated a 1.5-kilometre trend of anomalous gold coinciding with widespread artisanal mining activity, highlighting the potential for a substantial gold system.

Next Steps: Targeted Drilling and Regional Assessment

Traka plans to commence targeted fieldwork in the upcoming quarter, focusing on confirmatory and step-out drilling at the Didi-1 target and other high-priority zones across the tenement. The company’s well-established in-country technical team is poised to execute this exploration program efficiently.

Alongside advancing the Didi Project, Traka remains committed to its Australian portfolio, maintaining key assets at Cranbrook and Gorge Creek. The Cranbrook Project targets rare earth element mineralisation within the Albany Fraser Orogen, with a maiden drill program planned pending government approvals. Meanwhile, Gorge Creek in Queensland is progressing through regulatory and heritage approvals, aiming to explore sediment-hosted base metals, rare earth elements, and uranium.

Financial and Corporate Overview

During the March 2025 quarter, Traka’s exploration expenditure was $116,000, with no production activity reported. The company ended the quarter with $513,000 in cash reserves. Payments to related parties, including director salaries and fees, totalled $71,000. Traka’s capital structure remains robust, supported by recent placements and option holdings.

This strategic entry into the Siguiri Basin aligns with Traka’s objective to access advanced exploration-stage assets with near-term discovery potential, enhancing its international project pipeline and positioning the company for the next phase of growth.

Bottom Line?

Traka’s West African pivot could redefine its growth trajectory, with upcoming drilling results set to be a critical market catalyst.

Questions in the middle?

• What are the detailed terms and capital commitments of the Didi Gold Project earn-in and JV agreement?
• How will Traka balance exploration funding between its new West African project and existing Australian assets?
• What timeline and budget has Traka allocated for the planned drilling campaigns at Didi and Cranbrook?