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6.02%

7.8¢ african gold ltd.

Ann: African Gold Investor Presentation, page-23

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joben109

441 Posts.

45

26/04/23

10:23

Post #: 67452948
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Originally posted by Jrowl1: ↑

Yeah actually I don't think Didievi is as good as I thought, there was some * footnote on their presentation

"The potential quantity and grade of the Exploration Target is conceptual in nature. There has been insufficient exploration to estimate a Mineral Resource and it is uncertain if further exploration will result in the estimation of a Mineral Resource. See ASX announcement 18 September 2022 for full details."

Interesting there is no 18 September announcement I could find, but seems management is clearly not interested in it (probably something wrong with it, they have the historical drilling reports also so they should have enough info) so hopefully they find something new that we could hope to be developed.

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The disclaimer in relation to the exploration is mandatory wording under the ASX Listing Rules and JORC Code when referencing 'Exploration Targets'.

But agree, they are clearly not interested in spending more money on Didievi and that is fine if it is not warranted.

I am 90% sure they are searching for a new asset for this vehicle.

A1G Price at posting: 6.9¢ Sentiment: Buy Disclosure: Held
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