Marvel Gold Seals $1.65M Deal to Exit Mali Projects
Marvel Gold Limited has signed a binding agreement to sell its Mali gold assets to Anchises Capital for AUD 1.65 million, marking a strategic shift towards new growth opportunities in Tanzania.
- Binding Share Purchase Agreement signed with Anchises Capital LLC
- Sale of Tabakorole and Yanfolila gold projects for AUD 1.65 million
- Upfront exclusivity fee of AUD 150,000 already received
- Marvel retains Kolondieba project under joint venture with Resolute Mining
- Focus shifts to Hanang Gold Project acquisition in Tanzania
Strategic Divestment in Mali
Marvel Gold Limited (ASX, MVL) has taken a decisive step in reshaping its portfolio by entering into a binding Share Purchase Agreement to sell its interests in the Tabakorole and Yanfolila gold projects in Mali. The buyer, Anchises Capital LLC, a privately owned American mining company with a growing footprint in Africa, will acquire Marvel’s stakes through the purchase of its wholly owned subsidiaries holding these assets.
The total consideration agreed upon is AUD 1.65 million, which includes a non-refundable exclusivity fee of AUD 150,000 already received by Marvel, with the balance payable within 20 business days. This transaction follows a binding term sheet signed earlier in March 2025 and reflects Marvel’s ongoing strategy to streamline its asset base.
Context of the Mali Projects
The Tabakorole project, where Marvel holds a majority interest, has been under a joint venture with Elemental Altus Royalties plc but has been suspended since late 2022 due to the closure of the Mali Cadastre, which has paused tenure renewals and exploration activities. Similarly, the Yanfolila project, now wholly owned by Marvel after acquiring the remaining interest from B2Gold, awaits regulatory clearance pending the reopening of the Cadastre.
Given these regulatory uncertainties, the sale to Anchises allows Marvel to divest assets currently constrained by external factors, while also securing immediate cash inflow to bolster its balance sheet.
Looking Ahead, Focus on Tanzania and Joint Ventures
Post-transaction, Marvel’s sole remaining project in Mali will be the Kolondieba Gold Project, held under an earn-in and joint venture agreement with Resolute Mining Limited. This retention signals Marvel’s selective approach to maintaining exposure in Mali where conditions are more favourable.
Moreover, Marvel is sharpening its growth focus on the Hanang Gold Project in Tanzania, a highly prospective asset located in the Iramba-Sekenke Greenstone Belt. This pivot towards Tanzania aligns with Marvel’s ambition to capitalise on high-impact exploration opportunities in more stable jurisdictions.
Market and Strategic Implications
Marvel’s divestment reflects a broader trend among junior miners to optimise portfolios by shedding non-core or challenging assets. The injection of AUD 1.65 million will provide Marvel with liquidity to support its Tanzanian acquisition and other growth initiatives. Meanwhile, Anchises Capital’s acquisition underscores its commitment to expanding its African mining portfolio, potentially unlocking value in the suspended Mali projects once regulatory conditions improve.
Bottom Line?
Marvel’s Mali exit marks a clear pivot to growth in Tanzania, but regulatory hurdles in Mali remain a watchpoint.
Questions in the middle?
- Will the Mali Cadastre reopen soon enough to affect the value of the sold assets?
- How will Marvel deploy the proceeds from this sale towards the Hanang Gold Project?
- What are Anchises Capital’s plans for advancing the Tabakorole and Yanfolila projects amid current suspensions?
