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AXMIN Inc V.AXM.H

Alternate Symbol(s):  AXMIF

AXMIN Inc. is a Canadian exploration and development company with a focus on Central and West Africa. The Company, through its wholly owned subsidiaries, has exploration projects in the Central African Republic (CAR) and Senegal. The Company’s primary asset is the Passendro Gold Project situated in the CAR. It holds a 100% interest in the Bambari properties, which consists of a mining license (355 square kilometers) and two exploration licenses, Bambari 1 and 2 (1,240 square kilometers). The Passendro Gold Project is situated in the center of the mining license, which is ring-fenced by the two Bambari exploration licenses. The Company, through its joint venture partner and manager, Sabodala Mining Company SARL (SMC) owns approximately 20% interest in Sounkounkou, Heremokono and Sabodala NW exploration licenses (the Project) located in the Birimian belt of eastern Senegal. The Company's subsidiaries include AXMIN Limited (BVI), Aurafrique SARL (CAR), SOMIO Toungou SA (CAR), and others.


TSXV:AXM.H - Post by User

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Post by Tree2treeon Dec 22, 2021 8:14pm
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Post# 34256643

More details about the Russians and Ndassima - 1

More details about the Russians and Ndassima - 1https://t-intell.com/2018/08/08/murder-of-journalists-exposes-russian-presence-in-the-central-african-republic/

(10) Lobaye Invest is part of the Saint Petersburg based M-Invest Group, which is closely associated with Wagner’s founder Yevgeniy Prigozhin. In recent month, Lobaye has reportedly assumed operations at Ndassima gold mine 60 km north of Bambari. Officially, the Canadian company AXMIN holds the exploitation rights for Ndassima mine as part of the “Passandro Gold Project.” However, in December 2012, the mine was seized by Muslim rebel forces. After their takeover, the rebels have forced the local population to work in the mine, extracting gold through rudimental techniques.     

Satellite imagery shows the two largest queries of the Passandro project area. Ndassima gold can be seen on the left.

(11) As their lack of know-how does not allow the rebels to operate Ndassima mine at full capacity, is is highly likely that they have struck a deal with Wagner, allowing Lobaye to exploit the mine in exchange for a profit share. According to a report by the Russian newspaper Novaya Gazeta, Wagner representatives toured the area around Ndassima mine in April 2018, negotiating directly with rebel leaders. The mercenaries’ activities received public attention, as their Cessna plane was blocked by residents in Kaga-Bandoro. Sources suggest that the three killed journalist were planning to document Wagner’s current presence at Ndassima mine.


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