Compass Gold Exploration Corporation

Name

Compass Gold Exploration Corporation

Legal name

Compass Gold Corporation

Website

https://compassgoldcorp.com

Company type

Public

Founded year

2017

Operating status

Operating

Headcount range

1–10 employees

Ownership category

akta.pro rank

Product category

Gold Mining

NAICS

Gold Ore and Silver Ore Mining (212220), Metal Ore Mining (2122)

SIC

Gold And Silver Ores (1040), Metal Mining (1000)

akta.pro primary industry

Precious Metals Exploration & Project Development (IMAKAEAI)

akta.pro secondary industries

Gold Mining (IMAKAEAA), Mineral Exploration & Geoscience Services (Geology, Geophysics, Geochemistry, Resource Modeling) (IMAKAKAA), Exploration & Production Drilling Services (RC, Core, Directional, Sonic, Auger) (IMAKAKAB)

Keywords

• Gold exploration services
• Small-scale gold mining
• Mineral resource development
• Open-pit gold extraction
• Gold production operations

Headquarters

HQ city

Toronto

HQ country

Canada

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Gold Production and Sales: The Company generates revenue through the extraction and sale of gold from its Massala Small Mine Project. Under the Small Mine Permit framework, gold produced is subject to a production royalty paid on export plus standard corporate tax under the Malian Mining Code. Revenue will flow directly from gold sales into the market. The Company previously entered a toll-treating agreement with SMAT (a Malian business group) for ore processing at their adjacent Small Mining Facility.
2. Equity Capital Markets (Brokered Offerings): Compass Gold raises equity capital through brokered private placements on the TSX Venture Exchange. The February 2026 brokered LIFE Offering (led by Canaccord Genuity) raised approximately $5.4 million by issuing units consisting of common shares and warrants. Institutional and retail investors participate through these offerings.

Go-to-market motion2 records

Distribution channels3 records

Marketing channels6 records

Core offering

Compass Gold Exploration Corporation is a junior gold exploration and development company that explores, develops, and operates near-surface, open-pit gold mining on the Sikasso Property in southern Mali, West Africa. The company pursues a proprietary "Small Mine Strategy" using diamond, RC, and air core drilling to identify and delineate gold mineralization along the 15-km Tarabala Trend, with planned toll-processing of ore through a partnership with SMAT to produce gold for export at global commodity prices.

Product overview

Compass Gold Corp is a gold exploration and development company pursuing a 'Small Mine Strategy' focused on near-surface gold mineralization in Mali, West Africa. The company's core asset is the Sikasso Property, a large exploration permit area spanning approximately 900-1,146 km2 across multiple sites in southern Mali. The flagship development is the Massala Small Mine Project along the 15-km Tarabala Trend, which includes diamond drilling for resource definition and metallurgical testing for gold recovery. The company plans to operate using a toll-processing agreement with SMAT for ore treatment. Key exploration targets include Ouassada, Moribala, Farabakoura, and other prospects along the Moribala-Tarabala fault system.

Differentiator

Problem solved

Functional benefit

Products and services

• Sikasso Property Gold exploration permit package located in southern Mali with combined land holding of approximately 1,146 km². Located in the same region as multi-million-ounce gold projects including Morila, Syama, Kalana, and Komana. The property includes the Ouassada, Sankarani, Moribala, Yanfolila North, and Yanfolila South permit blocks, among others.
• Massala Small Mine Project Near-surface open-pit gold mining operation at the Massala prospect along the 15-km Tarabala Trend, designed for low capital and operating cost production using mobile infrastructure. Ore will be processed via a toll-treating joint production agreement with SMAT at their adjacent Small Mining Facility.
• Tarabala Trend A 15-km long mineralized structural trend along which Compass Gold is advancing its Small Mine Strategy. The trend hosts multiple drill-tested prospects including Massala and Massala West, with the current resource definition drilling program focused on a prioritized 340-metre section.

Quantifiable outcome

• 18 m @ 4.99 g/t Au intercepted at Massala (MADD001, from 17.3 m), including 3.8 m @ 21.94 g/t Au (from 31.5 m), with visible gold exceeding 100 g/t Au
• +4 more outcomes

Segments1 record

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Eight partnerships are on record, tiered supporting and core.

• Technisol (Bamako, Mali)supportingTechnology or Integration · 30 March 2026Technisol is the drilling contractor engaged to perform the diamond drilling program at the Massala prospect. The drilling program consists of 41 shallow inclined drill holes totalling approximately 1,300 metres (Phase 1) with a follow-up 900 m infill program (Phase 2). Drilling commenced on March 30, 2026, following completion of site preparation.
• Blue Coast Research (British Columbia, Canada)supportingTechnology or Integration · 1 January 2026Blue Coast Research conducted comprehensive metallurgical testing on behalf of Compass Gold, including Extended Gravity Recoverable Gold (E-GRG) testing and cyanide leaching on mineralized samples from Massala. Testing involved approximately 100 kg of representative samples, with results expected by end of April 2026. Additional 50 kg samples were submitted for E-GRG and cyanide recovery testing.
• ALS (Ouagadougou, Burkina Faso)supportingTechnology or Integration · 1 January 2026ALS in Ouagadougou, Burkina Faso was used for cyanide-leach (LeachWELL) analysis of samples as part of the metallurgical testing program. ALS serves as a backup assaying option when the primary SGS Bamako laboratory is unavailable.
• SMAT (Malian Business Group)coreStrategic or Co-development Partner · 28 October 2024SMAT is a Malian business group that owns an adjacent Small Mining Facility (SMAT Processing Facility). Compass entered a joint-production agreement for toll-treating Compass ore at SMAT's facility. SMAT was responsible for delivering and completing installation of updated processing components at their production facility during Q1 2025 as part of the agreement. This toll-processing arrangement allows Compass to commence gold production without building its own standalone processing plant.
• SGS SARL (Bamako, Mali)supportingTechnology or Integration · 1 January 2024SGS SARL is the primary assaying laboratory used by Compass Gold in Bamako for fire assay analysis of drill core and trench samples. The SGS laboratory temporarily paused assaying due to recent disruptions in Mali, and the Company arranged for future samples to be analyzed at SGS Burkina Faso as a contingency. All samples follow industry best practices with appropriate QA/QC (blanks, duplicates, standards).
• FTE Drilling (Canadian company with Malian subsidiary)supportingTechnology or Integration · 1 March 2023FTE Drilling is a Canadian drilling company with a Malian subsidiary based in Bamako. They performed the six RC drill holes (totalling 1,036 m) at the Tarabala prospect in March 2023 to test down-dip extension of mineralization.
• Murphy Geological ServicessupportingTechnology or Integration · 1 April 2022Murphy Geological Services conducted a detailed remote sensing study using Sentinel-2 and ASTER satellite imagery on the Moribala permit to identify alteration and structures associated with orogenic gold mineralization. The study identified fifteen target areas ranked by priority. A district-scale interpretation was also produced in 2018.
• Jeremy S. Brett, PGeo (Jeremy S. Brett International Consulting Ltd)supportingTechnology or Integration · 1 April 2022Jeremy S. Brett, PGeo performed reprocessed inversion aeromagnetic data analysis to assist the remote sensing interpretation on the Moribala permit, contributing to target identification and ranking.

Scale indicators9 records

Recent moves7 records

Expansion highlights6 records

Broad incumbents

• Allied Gold Corporation: Established West African gold producer with significant Mali operations (Sadiola, Korali) that Compass's team has prior experience with. Comparable jurisdiction and end-market (gold), but a much larger incumbent with multiple producing assets.
• B2Gold Corp. Senior gold producer with the Fekola mine in Mali and a track record of acquiring and developing junior West African gold assets. Comparable jurisdiction, end-market, and a credible potential acquirer of a successful Compass operation.
• Endeavour Mining: Largest intermediate gold producer in West Africa, with multiple operating mines in Mali (notably Houndé in Burkina Faso and Ity in Côte d'Ivoire) and a stated growth strategy focused on West Africa. Same end-market, overlapping regional expertise.
• Perseus Mining: Intermediate gold producer with the Sissingué and Yaouré mines in Côte d'Ivoire and the Edikan mine in Ghana, plus an active West African growth pipeline. Comparable regional geology and end-market.
• IAMGOLD Corporation: Major intermediate gold producer with the Sadiola mine in Mali, where Compass's Country Manager Dr. Madani Diallo previously worked. Comparable jurisdiction and gold-belt geology, but a much larger and more diversified incumbent.

Emerging players

• Delta Resources: Canadian-listed junior gold exploration company pursuing early-stage gold projects in West Africa (and Canada). Similar size, stage, and capital-markets profile as Compass, listed on the TSX Venture Exchange.
• Stellar AfricaGold: Junior gold exploration company with properties in West Africa (Mali, Côte d'Ivoire). Similar pre-resource, pre-revenue stage and a comparable market-cap profile, making it a useful trading-comparable for Compass.
• Kilo Goldmines: Early-stage gold exploration company with assets in the DRC, pursuing a similar junior-explorer model in Africa. Comparable scale and stage, though in a different jurisdiction.

Direct peers

• Hummingbird Resources: Junior gold producer with the Yanfolila mine in southern Mali, immediately adjacent to Compass's Sikasso Property. Directly comparable on jurisdiction, geology (Birimian), and the small-to-mid scale open-pit operating model.
• Robex Resources: Junior gold developer and producer operating in Mali (Kiniero project), pursuing a similar small-cap, near-surface open-pit production model in the same country. Closest direct comparable in jurisdiction, scale, and stage of development.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xtwitter.com/CompassGoldCorp
• Facebookfacebook.com/CompassGoldCorporation
• LinkedInlinkedin.com/company/compassgold

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Subsidiaries1 record

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 Compass Gold Exploration Corporation