Enegex Limited has acquired a vast 3,700 km² gold exploration portfolio in Côte d’Ivoire, led by seasoned explorer Paul Roberts, setting the stage for a major push in West Africa’s prolific Birimian Belt.
- Acquisition of 3,700 km² highly prospective gold tenements in Côte d’Ivoire
- Paul Roberts, renowned West African gold discoverer, appointed Managing Director
- Drill-ready targets with imminent aircore and RC drilling underway
- Strong in-country team and supportive government environment
- Well-funded with a tightly held register backing aggressive exploration
A New Chapter in West African Gold Exploration
Enegex Limited has made a significant strategic move by acquiring Famien Resources, a private company holding a large portfolio of gold exploration projects in Côte d’Ivoire. This acquisition brings Enegex a commanding 3,700 square kilometres of highly prospective ground within the Birimian Belt, one of the world’s most fertile gold provinces.
At the helm is Paul Roberts, a veteran geologist and explorer credited with the discovery of the 5.4 million ounce Bankan gold deposit in Guinea. His appointment as Managing Director signals Enegex’s serious intent to leverage his expertise and track record in West African gold exploration.
Drill-Ready Targets and Exploration Momentum
The portfolio includes multiple drill-ready targets such as the Tougbe and Bonoubana projects, where recent power auger programs have delineated significant gold anomalies. Aircore drilling has already commenced at Tougbe, with reverse circulation drilling planned for Bonoubana in the coming months. These early-stage exploration activities aim to rapidly test the potential for large, open-pittable gold deposits.
Supporting these efforts is a strong in-country team and technical advisors with deep regional experience, including Dr Barry Murphy, who played a key role in previous major discoveries in the region. The company’s disciplined approach combines modern geochemical techniques and structural targeting to maximise discovery potential while managing exploration costs.
Favourable Operating Environment and Capital Structure
Côte d’Ivoire offers a competitive tax regime, streamlined permitting processes, and reliable infrastructure, making it an attractive destination for mining investment. Enegex benefits from these conditions alongside a tightly held shareholder register that supports the company’s aggressive exploration strategy. With approximately $5.2 million in cash as of December 2025 and a market capitalisation near $70 million, Enegex is well positioned to advance its projects through the critical early drilling phases.
The company’s leadership team also includes Eric Kondo, a respected Ivorian mining lawyer with extensive government and industry connections, further strengthening Enegex’s foothold in the region.
Looking Ahead
As Enegex embarks on this new chapter, the market will be watching closely for drilling results that could validate the company’s substantial land position and technical approach. Success here could unlock significant value in a region that has already yielded over 95 million ounces of gold since 2004, underscoring the potential scale of opportunity.
Bottom Line?
Enegex’s bold entry into Côte d’Ivoire’s gold belt under proven leadership sets a promising stage; next comes the drill results.
Questions in the middle?
- Will early drilling confirm the scale and grade of gold mineralisation at Tougbe and Bonoubana?
- How quickly can Enegex expand its landholding and exploration footprint in Côte d’Ivoire?
- What impact will regional political and regulatory developments have on project timelines?