Baomahun
Gold Project
Sierra Leone
Gold
Construction and Development
Mining and Mineral Processing
FG Gold is a transformational gold exploration and development company expediting the development of the Baomahun Gold Project, which is set to be the first large-scale commercial gold mine in Sierra Leone. The project is expected to contribute 9-10% of the country’s GDP and create 900 jobs.
- Baomahun Gold Project covers an area of 124.3 km2 in the Kangari hills in Sierra Leone with vast untapped gold reserves. Mining Licence and Environmental Permits are granted, and FG Gold is advancing the construction of the project, with the first gold pour set for 2026.
- The project is one of the largest gold development projects in Africa, with Ore Reserves of 30.4 MT grading 2.10 Au g/t for 2.04 Moz of contained gold and Mineral Resources of 89.7 MT grading 2.01 Au g/t for 5.81 Moz of contained gold, both reported in accordance with the JORC Code. The project has significant exploration upside, with only 1.5 km of the 16.2 km strike length of identified gold targets drilled so far.
- Definitive Feasibility Study (DFS) envisions an average annual production of 147 Koz of gold over a 12.5-year life of mine. The project features a conventional open pit mine, 22.9 km haul road, state-of-the-art 2.5 MTPA processing plant and gold smelting facilities, a hybrid power supply comprising 21 MW of HFO, 23.8 MWp solar and 13.8 MWh battery energy storage systems capacity, and a tailings storage facility.
- FG Gold received strong support for project development from reputed financial institutions, including equity investment from Fundo Soberano de Angola (FSDEA), the sovereign wealth fund of Angola, and project financing from Africa Finance Corporation (AFC) and African Export-Import Bank (Afreximbank).
Minim Martap
Bauxite Project
Cameroon
Bauxite
Production and Exploration
Mining and Mineral Processing
Canyon Resources (ASX: CAY) is a bauxite exploration and development company focused on expediting the globally significant Minim Martap Bauxite Project in Cameroon, through its in-country subsidiary CAMALCO.
- Minim Martap Bauxite Project comprises 3 permits viz. Minim Martap, Makan, and Ngaoundal, covering an area of 981 km2 in central Cameroon and situated near the main railway linking the region to the Atlantic port of Douala. Mining Convention and Mining Licence are granted for the Minim Martap permit.
- The project ranks amongst the world’s highest grade bauxite deposits, with an Ore Reserves of 108.9 MT grading 51.1% Al2O3 and 2% SiO2 and Mineral Resources of 1,027 MT grading 45.3% Al2O3 and 2.7% SiO2, both reported in accordance with the JORC Code. The project has significant exploration upside, with only 17 of the 62 bauxite plateaus included in the Mineral Resources.
- Bankable Feasibility Study (BFS) envisions 6.4 MTPA of bauxite production over a 20-year life of mine. The project features open pit mine using surface miners, 50 km haul road, inland rail facility, 800 km rail transportation using existing railway to the Port of Douala, dedicated mineral terminal, and transhipment operations. Definitive Feasibility Study (DFS) is expected to be completed in Q3 2025.
- In the longer-term, the project will be integrated with an alumina refinery for local transformation of bauxite and development of aluminium industry in Cameroon.
- Canyon Resources is finalizing logistics development, offtake agreements, and financing discussions to advance the project to its construction, with first production scheduled for 2026.
Manganese Ore
and Alloys
Gabon
Manganese Ore and Ferroalloys
Production and Developement
Mining and Mineral Processing
Nouvelle Gabon Mining (NGM) is a leading producer of manganese ore in Gabon. NGM focuses on the exploration, development, and sustainable production of manganese ore, a vital raw material used in various industrial applications.
- NGM operates 2 manganese ore mines — Franceville and Okandja — with a combined processing capacity of 2 MTPA, positioning NGM as one of the top 10 global producers of manganese ore. The mines host significant manganese ore resources for long-term operations and sustained production.
- The mines are strategically located near Franceville, the second largest city of Gabon, and benefit from excellent connectivity via road, rail through the existing Trans-Gabon Railway, and the Port of Owendo.
- NGM is also leading exploration efforts in 2 permits — Bafoula and Mounana — to expand mineral resources, extend the life of mine, and support downstream facilities.
- In line with its growth strategy, NGM is constructing a 2×22.5 MVA ferroalloy smelter to produce ferromanganese and silicomanganese using its mineral resources to add value through in-country processing. NGM plans to add 2 more units in the future.
Coloured
Gemstones Mines
Australia, Colombia, Madagascar, Mozambique
Ruby, Emerald and Sapphire
Production and Developement
Mining and Mineral Processing
Fura Gems is a leading global mining company of coloured gemstones and is uniquely positioned as the first and only producer of the big-3 coloured gemstones categories, i.e., rubies, emeralds, and sapphires.
- Fura Gems holds 9 mining licences covering 581 km2 in the main ruby-producing belt in Cabo Delgado province in Mozambique. Estrela de Fura, meaning “Star of Fura” in Portuguese, the world’s largest gem-quality ruby ever, was mined from this mine. The impressive 55.22 carat ruby, which was cut from the 101-carat rough ruby, was sold for a record USD 34.8 million.
- Fura Gems is leading exploration efforts for sapphires in Madagascar.
- Coscuez Emerald Mine in Colombia is one of the world’s most significant emerald mines, with 400 years of rich history of producing some of the finest emeralds. Fura Gems acquired the mine in 2017 and transformed it into a large-scale underground mine.
- Capricorn Sapphire and Great Northern Mining sapphire mines in Australia were acquired in 2020. Fura Gems has been building global recognition for the natural beauty of exotic blue, teal, green, yellow, and multi-hued ‘parti’ sapphires.
- Fura Gems is a “Mine-to-Market” player, selling its high-quality products through a fair and transparent auction platform. The gemstones are responsibly mined with a guarantee of provenance and complete traceability.
Mumbezhi Copper Project and
Lithium Projects
Namibia, Zambia, Zimbabwe
Copper and Lithium
Exploration
Mining and Mineral Processing
Prospect Resources (ASX: PSC) is an exploration and development company focused on opportunities in electrification and battery metals across sub-Saharan Africa.
- Mumbezhi Copper Project covers an area of 356 km2 in the world-class Central African Copperbelt region of northwest Zambia and is surrounded by large-scale copper deposits/mines and downstream smelting/refining facilities.
- Initial Mineral Resource Estimate of 107.2 MT at an average grade of 0.5% Cu for 515 KT of total contained copper is limited to Nyungu Central and Kabikupa deposits within the project. The Exploration Target ranging from 420-1,050 MT and grading between 0.4-0.6% Cu (inclusive of the initial MRE) demonstrates the strategic scale of the Mumbezhi Copper Project. Prospect Resources holds two large-scale mining licences covering the entire landholding of the project.
- Prospect Resources also owns two highly prospective lithium projects — Step Aside Lithium Project in Zimbabwe and Omaruru Lithium Project in Namibia — and aims to unlock value over the long-term.
- Prospect Resources has a strong and proven track record in systematically developing projects. Arcadia Lithium Project in Zimbabwe was progressed from initial discovery through resource definition, technical studies, offtake agreements, pilot plant operation and a strategic financing program from 2016 through to early 2022. The project was sold to Zhejiang Huayou Cobalt for approximately USD 378 million for 87% stake.
Minkebe and
Mboumi Projects
Gabon
Gold and Iron Ore
Production and Exploration
Mining and Mineral Processing
Alpha Centauri Mining (ACM) is a leading gold exploration and production company in Gabon. ACM set up the first gold refinery in Gabon (also a first for central Africa). ACM also explores for iron ore and manganese in Gabon.
- ACM holds 1,471 km2 of exploration permits and 194 km2 of exploitation permits in Gabon that are highly prospective for gold and iron ore.
- Minkebe Project is an iron ore and gold exploration project in the northeast of Gabon. The high-grade iron ore mineralization is similar to that at the renowned Belinga Iron Ore Project 65 km to the southeast. The project also hosts significant alluvial and primary gold deposits.
- ACM responsibly mined alluvial gold from Mboumi (Ndjole) Project and is currently leading exploration efforts to identify primary gold mineralization.
- The Gabonese Gold Refinery with an annual refining capacity of 7-10 MT of gold was established by ACM in the special economic zone of GSEZ Nkok, located about 27 km from Libreville, the capital and largest city of Gabon.
- ACM generates significant local employment and gives back to the communities and environment through its “Life after Mine” initiatives.
Africa’s Minerals and Metals.
Local Transformation. Global Impact.