MetalsGrove
MetalsGrove Mining (ASX: MGA) is a pre-revenue Australian gold exploration company advancing four joint-venture permits covering 1,315 km² in the Birimian greenstone belts of Côte d'Ivoire, West Africa.
- Company typePublic
- Founded2021
- HeadquartersPerth, Australia
- Headcount1–10
- GTM typeB2B
- OfferingServices
What MetalsGrove does
MetalsGrove Mining Limited (ASX: MGA) is an Australian-domiciled, pre-revenue gold exploration and development company that listed on the ASX in 2021 and is now focused exclusively on its Central West Gold Project in Côte d'Ivoire, West Africa. The company's asset base consists of four joint venture exploration permits — Kounahiri West (338 km²), Vavoua (378 km²), Vavoua West (203 km²) and Zuénoula (395 km²) — totaling 1,315 km² of ground within Birimian greenstone belts, positioned 60–140 km northeast of the operating 3.8 Moz Abujar gold mine. Its headquarters is in Mount Hawthorn, Western Australia.
The underlying exploration model relies on conventional mineral exploration techniques: auger and soil lag geochemistry, aeromagnetic surveys, geological mapping, and target generation ahead of drilling campaigns. The company has assembled a leadership team with West African gold discovery pedigree, including Chair Peter Ledwidge (discoverer of the Napie deposit via Mako Gold and contributor to the Boungou mine discovery via Orbis Gold), Managing Director Lijun Yang, and Business Development Executive Colin Carson (former executive director of Perseus Mining).
MetalsGrove has no product revenue, no pricing model, and no commercial customers. As a junior explorer, its business model is the discovery and advancement of gold deposits on its permit areas to create shareholder value, with future monetization pathways historically including strategic offtakes, joint-venture dilution, partial asset sales, or takeovers. Its principal external relationships disclosed are with shareholders (trading on the ASX) and Automic Group, which provides share registry services. Capital is sourced through Australian capital markets and the company uses standard ASX investor relations channels (announcements, presentations, shareholder communications) for stakeholder engagement.
MetalsGrove firmographics
Firmographics- Name
- MetalsGrove
- Legal name
- MetalsGrove Mining Limited
- Website
- https://metalsgrove.com.au
- Company type
- Public
- Founded year
- 2021
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- MetalsGrove Mining (ASX: MGA) is a pre-revenue Australian gold exploration company advancing four joint-venture permits covering 1,315 km² in the Birimian greenstone belts of Côte d'Ivoire, West Africa.
- Ownership category
- akta.pro rank
Where MetalsGrove is headquartered
LocationHeadquarters
- HQ city
- Perth
- HQ country
- Australia
- HQ region
- Oceania
Offices2 records
Markets served
MetalsGrove business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Operations, Personnel, Technology or R&D, Marketing or Sales, Others
Distribution channels1 record
Marketing channels5 records
MetalsGrove product offering
Product offeringCore offering
MetalsGrove Mining Limited (ASX: MGA) is an Australian-listed gold exploration and development company that holds four joint venture permits covering 1,315 km² of Birimian greenstone belts in Côte d'Ivoire, West Africa. The company focuses on the discovery and advancement of multi-million-ounce gold deposits through geological mapping, geochemistry (auger and LAG sampling), aeromagnetic surveys, and drilling programs.
Product overview
MetalsGrove Mining Limited (ASX: MGA) is an Australian-based gold exploration and development company focused on its Central West Gold Project in Côte d'Ivoire. The company operates a portfolio of four joint venture exploration permits (Kounahiri West, Vavoua, Vavoua West, and Zuénoula) covering a total area of 1,315 km² within highly prospective Birimian greenstone belts. The project portfolio is strategically positioned 60-140 km northeast of the 3.8 Moz Abujar gold mine. The exploration program includes geological mapping, geochemistry (auger and LAG sampling), aeromagnetic surveys, and target generation for drilling programs.
Differentiator
Problem solved
Functional benefit
Products and services
- Central West Gold Project Gold exploration project consisting of four joint venture permits covering 1,315 km² of highly prospective Birimian greenstone belts in central-west Côte d'Ivoire, strategically positioned 60-140 km northeast of the 3.8 Moz Abujar gold mine.
- Kounahiri West Permit 338 km² gold exploration permit located 110-140 km northeast of the Abujar gold mine, covering a highly prospective greenstone-granite terrane with favourable structural complexity and artisanal mining activity.
- Vavoua Permit 378 km² gold exploration permit located 60-90 km northeast of the Abujar gold mine, featuring favourable structural complexity and pressure shadows adjacent to a terminating granite intrusion.
- Vavoua West Permit 203 km² gold exploration permit located 60-90 km northeast of the Abujar gold mine, with auger sampling in neighbouring permits defining a gold trend likely to extend into this permit area.
- Zuénoula Permit 395 km² gold exploration permit covering highly prospective, structurally disrupted greenstone intruded by granite along the mineralised volcanic and metasediment greenstone belt hosting the Abujar Gold Mine.
Companies that use MetalsGrove
Customer profileSegments1 record
Ideal customer profiles1 record
MetalsGrove technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature1 record
MetalsGrove partnerships and signals
Strategic signalScale indicators4 records
Recent moves6 records
Expansion highlights4 records
MetalsGrove competitors and assessment
Company assessmentBroad incumbents
- Perseus Mining: Mid-tier gold producer operating the Sissingué mine in Côte d'Ivoire (1.1 Moz) and other West African assets. MetalsGrove's Business Development Executive Colin Carson was a Perseus executive director from 2003-2020, signalling direct operational overlap in the same belt.
- Endeavour Mining: Senior gold producer operating the Ity (5.4 Moz) and Agbaou (1.1 Moz) mines in Côte d'Ivoire on the same Birimian greenstone belt that hosts MetalsGrove's permits; comparable regional geology and operating jurisdiction.
Direct peers
- Predictive Discovery: ASX-listed gold explorer with active West African projects on the Birimian belt; comparable in stage, listing venue, commodity, and regional geological setting.
- Montage Gold: Gold developer advancing the 5.3 Moz Kone project in Côte d'Ivoire on the same Birimian belt. Comparable stage (developer/explorer), commodity (gold), and geography (West Africa).
- Aurum Resources: ASX-listed gold explorer that absorbed Mako Gold in early 2025; chaired by Peter Ledwidge before he moved to MetalsGrove. Operates in the same West African Birimian belt and is a near-twin in jurisdiction and commodity.
- African Gold: ASX-listed West African gold explorer where MetalsGrove's Senior Project Geologist previously served as site exploration manager. Directly comparable in jurisdiction, commodity, and stage.
- Mako Gold: ASX-listed West African gold explorer founded by MetalsGrove's current chair Peter Ledwidge; merged into Aurum Resources in early 2025. Most directly comparable in terms of jurisdiction focus (Côte d'Ivoire), commodity (gold), and stage (pre-resource).
- Tietto Minerals (Zhaojin Capital): Owns and operates the 3.8 Moz Abujar gold mine in Côte d'Ivoire, which MetalsGrove's Central West permits are positioned 60-140 km from. Direct geological and jurisdictional peer.
- KalNorth Gold Mines: ASX-listed gold explorer where MetalsGrove's CEO Lijun Yang previously served from 2013-2019. Directly comparable in commodity focus (gold), listing venue (ASX), and exploration stage.
Others
- Orbis Gold: Earlier-stage gold explorer (Boungou, Napie discoveries) where MetalsGrove's chair Peter Ledwidge played a key role in discoveries; comparable commodity and West African geology, though now historical.
Market position
Strengths4 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights6 records
Customer concentration
MetalsGrove social profiles
Digital presenceMetalsGrove financial estimates
Financial estimateRevenue estimate
Valuation estimate
MetalsGrove leadership team
Management profileNumber of profiles
Profiles8 records
MetalsGrove funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
MetalsGrove M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about MetalsGrove
What does MetalsGrove do?
MetalsGrove Mining Limited (ASX: MGA) is an Australian-listed gold exploration and development company that holds four joint venture permits covering 1,315 km² of Birimian greenstone belts in Côte d'Ivoire, West Africa. The company focuses on the discovery and advancement of multi-million-ounce gold deposits through geological mapping, geochemistry (auger and LAG sampling), aeromagnetic surveys, and drilling programs.
Is MetalsGrove a public or private company?
MetalsGrove is a public company. It is classified as public and is currently operating.
When was MetalsGrove founded?
MetalsGrove was founded in 2021. It employs 1 to 10 people.
Where is MetalsGrove based?
MetalsGrove is headquartered in Perth, Australia, in the Oceania region.
Who are MetalsGrove's main competitors?
Broad incumbents on record are Perseus Mining and Endeavour Mining. Direct peers are Predictive Discovery, Montage Gold, Aurum Resources, African Gold, Mako Gold, Tietto Minerals (Zhaojin Capital) and KalNorth Gold Mines. Orbis Gold is listed as an others.
Does MetalsGrove have an API?
No public API is recorded for MetalsGrove.