Kobo expands exploration in Côte d’Ivoire with a new deal

Canada -based Kobo Resources has concluded an agreement to expand its exploration in Cote d’Ivoire, with a focus on the gold -rich Yakasin project.

This step is in line with the company’s strategy to evaluate the gold -carrying structural corridors in the region.

The gold exploration license request for the Yakassé project, which was initially submitted by Geoservices in February 2021, was later to increase the area from 67 square kilometers to 74.06 square kilometers at the request of KOBO in July 2025.

The project is located on a strategic location near other exploration sites including Nesdave and Kuniboa’s application, which enhances its potential value.

The Yakassé project is located about 100 km northeast of Abidjan, and can be reached through the established roads and is in an area known as the geological formation of pro -bonds, which are often associated with gold deposits.

Under the agreement, Kobo Resources will cooperate with geological services in exploration activities, which depend on geological services that include a research permit.

An initial payment of 20,000 Canadian dollars ($ 14,503.5) was made by Kobo, with additional payments and shares specified on more progress and approvals.

For an interest rate of 90 % in the Yakassé license, Kobo Resources is committed to a gradual investment totaling about 719,500 Canadian dollars over a period of four years.

Each year is associated with an increasing percentage of interest in the permit, and its peak is 90 % by the fourth year.

If Kobo decides to follow the exploitation license, a joint venture (JV) will be formed with geological services and the Cote d’Ivoire government, with a Kobo share in the majority share.

In addition, Kobo maintains the option to increase the JV share by purchasing an additional 4 % of geological services for a billion Canadian dollars.

The agreement also includes 1 % net return to geological services, with Kobo the option to buy half of these kings. Upon commercial exploitation, geological services are scheduled to receive additional company shares, taking into account organizational approval.

“Our agreement in the Yakassé project is a purposeful step in the Kobo strategy to expand our exploration portfolio in a promising gold zone of Côte d’voire,” said CEO of Kobo Resources and Director Edward Goslain.

“Through its strong, expected regional capabilities and well -advanced infrastructure, the Yakassé project is in line with the long -term growth strategy. Taking into account the approval of the suspended application, we look forward to progress in exploration in this project with geological services while we continue to open new opportunities as well as developing the pioneering kossou project.”

“Kobo exploits the exploration in Côte d’Ivoire with a new deal,” was created and published in the first place Mining technologyThe brand owned by Globaldata.

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