Latest Mali News

Marvel Gold Limited is deepening its foothold in Tanzania’s underexplored greenstone belt while streamlining its portfolio through Mali asset divestments, setting the stage for a busy 2025 exploration calendar.

Resolute Mining has acquired AngloGold Ashanti’s Doropo and ABC gold projects in Côte d’Ivoire for US$150 million plus contingent payments, significantly boosting its resource base and positioning for production growth beyond 500,000 ounces annually by 2030.

Resolute Mining has agreed to acquire the Doropo and ABC gold projects in Côte d’Ivoire from AngloGold Ashanti for US$150 million, significantly boosting its production profile and expanding into a new mining jurisdiction.

African Gold has forged a strategic alliance with Montage Gold, raising over A$9 million and advancing exploration at its Didievi Gold Project with promising high-grade drilling results.

Toubani Resources has cemented a fiscal agreement with the State of Mali under the 2023 mining code, advancing its Kobada Gold Project toward a final investment decision. A strategic A$29 million placement led by A2MP Investments further strengthens the company’s development pathway.

Toubani Resources has raised A$29 million through a strategic placement led by A2MP Investments, which also commits to a US$160 million debt facility, positioning the Kobada Gold Project for a final investment decision by late 2025.

Marvel Gold Limited has secured extensions for key tenement transfers in Mali, pushing deadlines to 2026 due to the ongoing closure of the Mali Cadastre. This move preserves its strategic foothold in the region amid regulatory uncertainty.

First Lithium Limited reports promising metallurgical testwork results and an imminent maiden Mineral Resource Estimate, underpinning its Mali lithium projects amid ongoing license renewal progress.

Leo Lithium has completed the sale of its remaining interest in the Goulamina Project, distributing over A$249 million to shareholders and restructuring its board as it pivots towards new asset acquisitions.

Leo Lithium Limited reports a robust cash position of $269.3 million following the sale of a 40% stake in MLBV, underpinning its financial strength amid ongoing operational expenditures.

Marvel Gold reports a cautious quarter with $0.513 million cash on hand and ongoing negotiations over its Mali assets, while actively exploring new opportunities beyond Mali for sustainable growth.

Resolute Mining reported a strong operational and financial performance in 2024, producing 340,000 ounces of gold and generating $250 million in operating cash flow. Despite higher costs driven by new mining regulations, the company maintains positive guidance for 2025 with ongoing exploration and development projects across West Africa.