African Gold

What African Gold does

African Gold Ltd (ASX: A1G) was a gold exploration and development company headquartered at Level 1, Suite 23, 513 Hay Street, Subiaco, Western Australia, focused on identifying and advancing multi-million-ounce gold resources in the under-explored Birimian greenstone belts of West Africa. The company's asset base spanned Côte d'Ivoire and Mali, with the flagship Didievi Gold Project (12.4Mt at 2.5 g/t Au for 989,000oz at a 0.8 g/t cut-off, Blaffo Guetto deposit) as the central resource, supported by adjacent Côte d'Ivoire exploration applications (Konahiri, Agboville, Koyekro) and Mali permits along strike from world-class operating mines (Barrick's 14Moz Loulo-Gounkoto, IAMGold/AngloGold's 13Moz Sadiola, Resolute's +8Moz Syama). Exploration results flagged high-grade, near-surface intercepts including 10m at 123.7 g/t Au and 65m at 5.6 g/t Au, with a reported discovery cost under US$5/oz and the Didievi deposit remaining open in all directions after only ~300m of drilling.

The business model is asset-development focused rather than revenue-generating: African Gold monetized value through equity issuance on the ASX, joint-venture arrangements, and ultimately a corporate exit. The company reported no commercial product pricing and operated as a pre-revenue entity with a lean team of 1–10 employees. Technology and technical stack centered on conventional exploration methods — Air Core drilling (notably a 6,000m program at Agboville's Tyche Prospect), soil/lag sampling programmes (e.g., Konahiri 18km gold anomaly), and 3D time-domain electromagnetic geophysics — with senior technical leadership including geologist Silvia Bottero (credited with 15Moz of M&I gold resources discovered in Côte d'Ivoire over the past decade) and former WMC Resources chief geophysicist Peter Williams.

On 29 April 2026, Montage Gold Corp. (TSX: MAU) completed the acquisition of 100% of African Gold Limited via a scheme of arrangement at an exchange ratio of 0.0628 Montage shares per African Gold share, issuing approximately 30 million Montage shares and 3 million options to African Gold securityholders. Following the transaction, African Gold operates as a wholly-owned subsidiary of Montage Gold, and its website indicates that operations and communications are transitioning to the MAU website. Independent corporate governance ceased at that point, with prior leadership including CEO Adam Oehlman (previously Principal Investment Analyst at Hancock Prospecting; technical roles at Northern Star, Superior Gold, and Goldfields), Non-Executive Chairman Evan Cranston (Konkera Corporate principal), Non-Executive Director Tolga Kumova, and Chartered Accountant Mathew O'Hara.

Name

African Gold

Legal name

African Gold Ltd

Website

https://african-gold.com

Company type

Public

Founded year

2024

Operating status

Acquired

Headcount range

1–10 employees

Short description

African Gold (ASX: A1G) is a pre-revenue gold exploration and development company that advanced the Didievi Gold Project in Côte d'Ivoire along with adjacent permits in Côte d'Ivoire and Mali. Acquired by Montage Gold Corp. in April 2026, it now operates as a wholly-owned subsidiary.

Ownership category

akta.pro rank

Product category

Gold Mining Exploration

NAICS

Gold Ore and Silver Ore Mining (21222)

SIC

Gold And Silver Ores (1040)

akta.pro primary industry

Precious Metals Exploration & Project Development (IMAKAEAI)

akta.pro secondary industry

Gold Mining (IMAKAEAA)

Keywords

• Gold exploration
• Mineral exploration
• Gold mining development
• Resource definition drilling
• West Africa mining

Headquarters

HQ city

Subiaco

HQ country

Australia

HQ region

Oceania

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Technology or R&D, Personnel, Operations, Marketing or Sales

Core offering

African Gold is a gold exploration and development company advancing a portfolio of projects across Côte d'Ivoire (Didievi, Konahiri, Agboville, Koyekro) and Mali (Kedougou-Kenieba, Syama Shear Zone). Its flagship Didievi Gold Project contains a 989,000oz gold resource at 2.5 g/t Au and the deposit remains open in all directions. The company was acquired by Montage Gold Corp. in April 2026 and now operates as a wholly-owned subsidiary.

Product overview

African Gold is a gold exploration and development company focused on West Africa, with its flagship project being the Didievi Gold Project in Côte d'Ivoire. The company operates a portfolio of exploration projects across Côte d'Ivoire (Didievi, Konahiri, Agboville, Koyekro) and Mali (Kedougou-Kenieba, Syama Shear Zone). The company was acquired by Montage Gold Corp in April 2026 and now operates as a wholly-owned subsidiary. African Gold's primary value proposition is advancing the multi-million ounce potential at Didievi, while maintaining a pipeline of greenfield and brownfield exploration opportunities in proven gold-bearing Birimian terranes.

Differentiator

Problem solved

Functional benefit

Products and services

• Didievi Gold Project Flagship gold exploration and development project located approximately 35km from Yamoussoukro in central Côte d'Ivoire, containing a 12.4Mt resource for 989,000oz of gold at 2.5 g/t Au. The Blaffo Guetto deposit is high-grade, near-surface, and remains open in all directions. Targeted at the gold mining industry and equity investors in junior gold explorers.
• Konahiri Project Exploration project in the central Kotiola Marabadrassa Birimian Greenstone Belt of central Côte d'Ivoire, comprising Konahiri North (391 km²) and South (354 km²) applications with an 18 km long gold anomaly identified through surficial lag sampling. Targeted at gold exploration and the gold mining industry.
• Agboville Project Exploration project covering 1,400 km² in the southeast of the West African Craton within the South-Comoé domain. Prospective for gold and critical minerals including nickel, cobalt, copper, lithium, tantalum, niobium, and beryllium, with a 6,000-metre Air Core drilling program completed at the Tyche Prospect. Targeted at the gold and critical minerals exploration sector.
• Koyekro Project Exploration application of 292 km² near the western margin of the Haute Comoé Basin in south central Côte d'Ivoire, with underlying meta-sediments and intrusive bodies requiring detailed geological mapping and initial soil sampling. Targeted at gold exploration in the West African Birimian terrane.
• Kedougou-Kenieba Project Exploration project in the Kenieba Gold Province of Western Mali, located on or near the Senegal Mali Shear Zone, comprising multiple permits (Falémé, Sitakili, Walia, Yatia, Samanafoulo) with significant gold anomalism and historical drilling intercepts. The Falémé Sub-Project sits 45km north of Barrick's 14Moz Loulo-Gounkoto Mine and 40km south of the 13Moz Sadiola Mine. Targeted at gold exploration in West Africa.
• Syama Shear Zone Project Exploration project including the Golokasso Permit in the Sikasso region of south Mali, straddling approximately 10 km of prospective structure on the northern portion of the Syama Shear Zone. Contiguous with Resolute Mining's Syama mining lease hosting the world-class Syama Mine (+8Moz), with the Syama mill situated about 15km to the south. Targeted at gold exploration in West Africa.

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Four partnerships are on record, tiered minor.

• Barrick Gold (Loulo-Gounkoto Mine)minorStrategic or Co-development PartnerAfrican Gold's Kedougou-Kenieba Project permits (Falémé Sub-Project) are located 45km north of Barrick's 14Moz Loulo-Gounkoto Mine and 40km south of the 13Moz Sadiola Mine (IAMGold/AngloGold Ashanti). The strategic positioning demonstrates proximity to world-class gold deposits on the Senegal Mali Shear Zone.
• IAMGold/AngloGold Ashanti (Sadiola Mine)minorStrategic or Co-development PartnerAfrican Gold's Falémé Sub-Project is located 40km south of the 13Moz Sadiola Mine operated by IAMGold/AngloGold Ashanti, demonstrating the project's location within a proven gold-producing province.
• Algom Resources (Tabakoto-Kofi)minorStrategic or Co-development PartnerAfrican Gold's Sitakili Permit is located less than 25km from Algom Resources' Tabakoto gold operations. The Yatia permit abuts the Tabakoto and Kofi mining leases operated by Algom Resources.
• Resolute Mining (Syama)minorStrategic or Co-development PartnerAfrican Gold's Golokasso Permit in Mali is contiguous with Resolute Mining's Syama mining lease. The Syama mill is situated about 15km to the south. The permit is on the northern extension of the world-class Syama Gold Belt (+8 Moz).

Scale indicators3 records

Recent moves6 records

Expansion highlights4 records

Direct peers

• Robex Resources: West Africa gold developer advancing the Nampala mine and Kiniero project in Guinea/Mali. Comparable as a small-to-mid cap West Africa gold developer transitioning from exploration to production, with comparable project-scale economics.
• Resolute Mining: West Africa gold producer operating the Syama gold mine in Mali (+8Moz). Comparable as the operator of the Syama mining lease contiguous with African Gold's Golokasso permit, making it both a neighbor and a potential consolidator.
• Predictive Discovery: ASX-listed gold explorer focused on the Bankan project in Guinea. Comparable as a small-cap West Africa gold explorer with a flagship resource-stage asset and multiple nearby exploration permits along Birimian-style geology.
• Tietto Minerals: West Africa gold developer focused on the Abujar project in Côte d'Ivoire; acquired by Zhaojin Mining in 2024. Comparable as a small-to-mid cap Côte d'Ivoire gold developer that progressed from explorer to producer on a single flagship asset, mirroring the Didievi development path.
• Cora Gold: AIM-listed gold explorer with the Sanankoro gold project in Mali. Comparable as a small-cap West Africa gold explorer focused on a single flagship project with multi-million-ounce potential in a Birimian-style setting.
• Montage Gold Corp: West Africa-focused gold developer that acquired African Gold in April 2026. Comparable as a Côte d'Ivoire gold developer/explorer with a multi-project Birimian portfolio; now effectively the parent vehicle for African Gold's Didievi asset.
• Turaco Gold: ASX-listed gold explorer focused on the Afema project in Côte d'Ivoire. Comparable as a small-cap West Africa gold explorer operating in the same Birimian terrane and targeting multi-million-ounce potential.
• Mako Gold: ASX-listed gold explorer with permits in Côte d'Ivoire (N'Gloyan and Korhogo projects). Comparable as a small-cap Birimian-focused Côte d'Ivoire gold explorer with similar project scale and exploration-stage positioning.

Broad incumbents

• Endeavour Mining: Senior West Africa gold producer with multiple operations including Houndé, Ity, and Mana. Comparable as a dominant Côte d'Ivoire-focused gold miner whose Côte d'Ivoire assets (Ity, Lafigué) demonstrate the economic potential of the same Birimian belt where Didievi sits.
• Perseus Mining: Mid-tier West Africa gold producer operating Edikan (Ghana) and Sissingué/Yaouré (Côte d'Ivoire). Comparable as a regional operator with assets on the same Birimian trend, providing a benchmark for development pathways African Gold/Montage may follow.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/AfricanGold_Ltd
• LinkedInlinkedin.com/company/african-gold
• Facebookfacebook.com/africangoldlimited

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about African Gold