The Council of Ministers of Côte d’Ivoire has awarded Montage Gold a mining allow for the Koné venture, signifying a pivotal step within the venture’s growth.
This allow is the ultimate governmental authorisation required for the venture to maneuver ahead.
In Might, the corporate obtained an environmental allow for the Koné venture.
Montage CEO Martino De Ciccio stated: “We’re delighted to be awarded our mining allow, which represents a big milestone within the growth of our Koné venture and displays the sturdy help obtained from our native stakeholders given our win-win strategy centered on native content material.”
He emphasised the corporate’s dedication to unlocking social and financial advantages for host communities and the federal government.
Along with the Koné allow, Montage additionally secured a allow for the Gbongogo deposit. These permits, legitimate for 20 and eight years, respectively, cowl a mixed space of 357km², together with a number of high-grade exploration targets.
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Montage’s permits supply the potential for extensions as additional exploration provides to the mine’s lifespan.
The corporate has already begun to capitalise on this momentum, with De Ciccio noting: “We stay up for quickly persevering with to unlock worth for our stakeholders by progressing the Koné venture in the direction of an anticipated development launch by Q1 2025, whereas persevering with to progress our exploration technique.”
Montage goals to ascertain itself as a number one African gold producer, beginning with the Koné venture in Côte d’Ivoire.
Montage’s exploration technique is in full swing, with a 30,000m drill programme set to conclude in late July 2024.
The corporate has reported high-grade intercepts at a number of targets and plans to provoke a second, extra in depth 60,000m drill programme in late Q3 2024. This drilling effort goals to delineate assets at prime precedence targets and proceed testing different potential websites.