"Gold dominates Mali’s natural resource sector, and Mali is at least the fourth largest gold producer in Africa, with some reports placing it third. Gold is by far Mali’s most important export, comprising more than 80 percent of total exports in 2021. … However, three new mines opened in 2018, including a major one in Fekola."
With the macro gold outlook for gold is strong specifically following all of the drama surrounding the banks in the US, African Energy Metals' (CUCO.v NDENF) is an interesting play located in close proximity to B2Gold's (BTO) Fekola mine as well as IAM Gold's (IAM) Siribya Deposit
CUCO recently announced the extension of its 225 sq km polymetallic acquisition from Goviex (GXU) for its licenses, known as the Falea project, totalling 225 km2 with significant potential based on its proximity to the Fekola mine.
With an existing, NI 43-101 compliant, uranium, copper & silver resource drilling at the Faela Project has resulted in 31M proven pounds of uranium on only 5% of the licenses
Posted on behalf of African Energy Metals Inc.
Extension News: https://investingnews.com/african-energy-metals-announces-extension-on-mali-acquisition-agreement/
Mining in Mali: https://www.trade.gov/country-commercial-guides/mali-mining