Resolute Mining in Guinea is WhyAfrica’s Pick Of The Week

Resolute Mining in Guinea is WhyAfrica’s Pick Of The Week

Resolute Mining’s new strategic partnership to evaluate gold in Guinea is significant.

By Leon Louw founder of WhyAfrica and Endorphin Expeditions.

Geologists have always been aware of the huge gold potential in Guinea, yet large areas in the country remain underexplored.

With modern exploration methods there is obvious scope for new discoveries.

Gold mineralisation in Guinea is linked to the ancient Birimian Greenstone Belts of the West African Craton.

Resolute Mining’s recent announcement that they have signed a strategic Memorandum of Understanding (MoU) with Guinea’s state-owned Nimba Mining Company (NMC) comes at an opportune time.

Partnership is a milestone   

“With the Government of Guinea represented by the Ministry of Mines and Geology, this partnership is a significant milestone in advancing mineral exploration and development activities in one of West Africa’s most prospective gold regions,” says Resolute’s CEO Chris Eger.

The MoU represents NMC’s first collaboration with an international listed company operating in the gold sector.

The partnership will focus on jointly assessing mineral resources, conducting comprehensive geological studies, and developing strategic frameworks for potential large-scale gold production operations.

Both companies bring extensive expertise in mining operations, development and exploration.

Mining in accordance with guidelines

According to Patrice L’Huillier, NMC’s CEO, the partnership with Resolute will allow NMC to launch its gold projects in accordance with the State’s guidelines indicated in the Simandou 2040 Program and the vision of the Ministry of Mines and Geology as NMC’s technical supervisor.

“Choosing the option of co-developing mining projects with Resolute will strengthen the share of local content in Guinea’s mining ecosystem,” says L’Huillier.

Resolute controls three exploration projects in Guinea, the 100% owned Niagassola and Siguiri-Kouroussa projects and the Kourouba Joint Venture.

Image: Drilling at the Mansal Prospect in Guinea. Image credit: Resolute Mining from  https://www.rml.com.au/assets/greenfield-exploration-guinea/

Read more about natural resources and exploration in Africa on the WhyAfrica website.

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Resolute Mining in Guinea is WhyAfrica’s Pick Of The Week