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african gold group inc (AGG) Details

African Gold Group, Inc., a junior mineral exploration company, engages in the acquisition, exploration, and development of precious and base metal mineral resource properties in West Africa. The company’s principal gold projects located in Mali include the Kobada gold project, which covers an area of approximately 216 square kilometers in the Kangaba region. Its gold projects situated in Ghana comprise the Asankrangwa gold belt, which comprises 5 gold concessions; the Mankranho concessions; and the Nyankumasi concessions. African Gold Group, Inc. was founded in 1988 and is headquartered in Toronto, Canada.

Founded in 1988

african gold group inc (AGG) Top Compensated Officers

Co-Founder, Executive Director of Corporate D...
Total Annual Compensation: C$192.0K
Chief Financial Officer
Total Annual Compensation: C$99.8K
Corporate Secretary, Vice President, Director...
Total Annual Compensation: C$192.0K
Compensation as of Fiscal Year 2013.

african gold group inc (AGG) Key Developments

African Gold Group, Inc. Appoints David Brown as Non-Executive Chairman

African Gold Group Inc. announced that the Board of Directors have appointed David Brown as Non-Executive Chairman of the company. He has been instrumental in the company's corporate governance and in recognition of his influence he has been appointed to the role of Non-Executive Chairman. Mr. Brown is a senior partner at the law firm of WeirFoulds LLP.

African Gold Group Inc. Provides Update on Kobada Feasibility Study

African Gold Group Inc. reported progress of its feasibility study for its Kobada Gold Project, located in southern Mali, which is on schedule and anticipated to be delivered prior to the end of 2014. The Company has further strengthened its feasibility study and mine development team with the appointment of Mr. Torben Michalsen as 'Project Infrastructure & Logistics Manager', effective July 11, 2014. Mr. Michalsen will be responsible for infrastructure and logistics activities relating to the construction, commissioning and project operation at the Kobada gold project. The Company has retained Gekko Systems Pty Ltd. ("Gekko"), a market leader in gold processing and low-energy mining solutions utilizing innovative modular plant designs, to partner with Montreal based Bumigene Engineering to complete the feasibility study for the Kobada bulk mining gold operation. On July 15, 2014, AGG shipped a 2 tonne bulk sample, via air freight, to Gekko in Ballarat, Australia for metallurgical testwork. The 2 tonne bulk sample is a composite of core samples of saprolite ore and auger samples of laterite ore collected over a wide area of the known gold resource. The purpose of this testwork is to determine the optimum process flowsheet for the project and to provide a more accurate estimate of key operating parameters, including process recovery and capital and operating costs. This work will ultimately form the foundation of the feasibility study that is to demonstrate the economic viability of the Kobada Gold Project. The results of the metallurgical testwork are expected to be available in the third quarter of this year.

African Gold Group, Inc. Completes Drilling of Kobada Field Season at Kobada, Mali

African Gold Group Inc. announced the completion of drilling for the 2014 field season at Kobada, Mali. This body of work has resulted in the successful collection of over 2.4 tonnes of lateritic and saprolitic material that is representative of the Kobada ore types. AGG wishes to acknowledge the continuing support of the Government of Mali and their ongoing efforts to curtail illegal mining activity, throughout the entire country, during the rainy season, in accordance with Mali law. This support has allowed the Company to continue its planned work program through to completion.


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