Traka Disputes Alamako’s Termination Notice After USD 200K Investment
Traka Resources disputes Alamako Resources’ notice to terminate their partnership on the Didi Gold Project in Guinea, signaling a brewing legal standoff. The company insists it has acted in good faith and is exploring its options.
- Alamako Resources issued termination notice for Didi Gold Project partnership
- Traka Resources rejects termination, citing no legal basis
- USD 200,000 financial contribution already made by Traka
- Ongoing review of legal rights and options by Traka
- Further updates promised as situation develops
Partnership Dispute Emerges
Traka Resources Limited (ASX – TKL) has found itself embroiled in a sudden dispute with its project partner, Alamako Resources SARL, over the future of their joint venture on the Didi Gold Project in Guinea. On 7 July 2025, Traka announced it had received a notice from Alamako purporting to terminate their partnership agreement, which was only formalised in April this year.
Despite the termination notice, Traka firmly rejects the validity of Alamako’s claim, stating that there is no legal or contractual foundation for such a move. The company is currently assessing its legal position and considering all available options to protect its interests in the project.
Financial and Strategic Stakes
Traka has already invested USD 200,000 into the partnership, underscoring its commitment to the exploration and development of the mineral tenements in Guinea. The company emphasises that it has acted in good faith throughout the collaboration, which adds weight to its challenge against the termination.
The Didi Gold Project represents a significant opportunity for Traka, and any disruption to the partnership could delay exploration activities and impact the company’s strategic plans in West Africa. The dispute introduces uncertainty not only for Traka but also for investors watching the progress of this promising gold exploration venture.
Looking Ahead
While the situation remains fluid, Traka has committed to keeping the market informed as it navigates this complex legal and commercial challenge. The outcome of this dispute will be critical in determining the future trajectory of the Didi Gold Project and could set a precedent for partnership agreements in the region’s mining sector.
Investors and industry observers will be closely monitoring Traka’s next moves, as well as any response from Alamako, to gauge the potential impact on project timelines and shareholder value.
Bottom Line?
Traka’s firm rebuttal sets the stage for a high-stakes legal showdown that could reshape its Guinea gold ambitions.
Questions in the middle?
- What specific grounds does Alamako cite for attempting to terminate the partnership?
- How might this dispute affect the timeline and funding of the Didi Gold Project?
- Could this conflict influence Traka’s future partnerships or reputation in West Africa?
