Cote d’Ivoire: Emerging Premier Gold Exploration Destination in West Africa
John Forwood, CIO of Lowell Resources Fund, highlights Cote d’Ivoire as a premier destination for gold exploration amidst rising gold prices. The country’s supportive governmental stance on exploration permits and significant high-grade discoveries have attracted ASX-listed explorers. Companies like Turaco Gold and Aurum Resources showcase smart operational strategies to capitalize on Cote d’Ivoire’s mining potential, marking a transformational period for the region.
In the latest edition of Ten-Bagger, John Forwood, Chief Investment Officer at Lowell Resources Fund, discusses Cote d’Ivoire’s rising status as a premier gold exploration destination. As gold prices approach $3000 per ounce due to increased safe haven demand, investors are preferring low-risk jurisdictions for their investments. Despite the African resource market facing a stigma of ‘African discount’, well-informed investors recognize the potential of regions like Cote d’Ivoire.
Historically marked as a mining pariah during its civil war in 2011, Cote d’Ivoire has transformed into a prime location for gold exploration. Investors are increasingly venturing into Yamoussoukro, as Forwood highlights the state’s rapid development in supporting exploration activities. With abandoned applications gaining traction in the permit system, significant gold deposits are anticipated in previously overlooked areas.
Recent high-grade discoveries reported by various ASX-listed companies indicate exciting prospects for Cote d’Ivoire. For example, Many Peaks Minerals reported an impressive drill intercept at the Ferké gold project, achieving depth results of 45 meters at 8.58 grams per tonne of gold. Additionally, Turaco Gold is rapidly advancing their gold projects, planning substantial resource upgrades in the upcoming year.
Forwood emphasizes the smart operational strategies of companies like Aurum Resources and Many Peaks, whose unique methodologies enable them to scale their projects effectively and economically. For instance, Aurum’s strategy of utilizing low-cost Chinese drilling services facilitates significant exploration efforts in a shorter timeframe.
Investors are also encouraged by the expertise of the Famien Resources team, led by notable figures such as Paul Roberts, who have a proven track record in the region. With their keen understanding of Cote d’Ivoire’s geology, these groups are primed to unveil new gold exploration opportunities, making this West African country a focal point for yielding impressive results in the gold sector.
Cote d’Ivoire is emerging as a leading destination for gold exploration due to its recent regulatory developments and successful high-grade findings by various companies. With seasoned investors recognizing the region’s potential, strategic operations and expertise are expected to drive further growth. The increasing interest from ASX-listed companies suggests a promising future for gold exploration in this previously overlooked jurisdiction, as investors seek opportunities in a more stable environment.
Original Source: stockhead.com.au
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