Didievi Gold Project Yields 989,000 Ounces at 2.5g/t Grade

Gold Rush in Côte d'Ivoire: African Gold's Didievi Project Strikes High-Grade Resource

African Gold (ASX:A1G) has announced a significant mineral resource update at its flagship Didievi Gold Project by African Gold Ltd in Côte d'Ivoire, confirming an inferred resource of 989,000 ounces of gold at an impressive grade of 2.5 g/t within 12.4 million tonnes of ore.

Resource Expansion Confirms Multi-Million Ounce Potential

The June 2025 resource update represents a substantial 119% increase in the company's gold resource base, positioning Didievi as one of the most promising high-grade gold projects in West Africa. The resource remains open in all directions across a 2km+ strike length, with strong indications of significant expansion potential.

"This resource milestone confirms what we've long believed—Didievi has the geological setting and grade profile to become a multi-million ounce gold project. With only two of our ten regional targets tested so far, both delivering significant gold results, we're just scratching the surface of this district's potential." – Adam Oehlman, CEO of African Gold

Impressive Grade-Tonnage Flexibility

The resource demonstrates remarkable grade-tonnage characteristics that provide development flexibility:

The ability to maintain nearly 800,000 ounces at a grade of 3.6 g/t with a higher cut-off demonstrates the robust nature of the mineralisation and provides optionality for future development scenarios.

High-Grade Intercepts Drive Expansion Potential

Recent drilling has delivered exceptional results that extend beyond the current resource boundary, including:

• 65.0m at 5.6 g/t gold
• 52.0m at 2.9 g/t gold
• 31.4m at 3.5 g/t gold

These wide, high-grade intercepts are particularly significant as they remain open in multiple directions, suggesting the resource could grow substantially with continued drilling.

Strategic Location Provides Development Options

The Didievi Gold Project by African Gold Ltd enjoys a strategic location within 60km of three operating gold mines with a combined processing capacity of 8.8 million tonnes per annum:

This proximity to established infrastructure and processing facilities could provide future development pathways through potential toll-treatment arrangements or acquisition interest from neighbouring operators seeking high-grade feed.

Understanding Grade: Why It Matters for Gold Projects

Grade is the concentration of gold within rock, typically measured in grams per tonne (g/t). In the gold mining industry, grade is crucial because it directly impacts:

1. Economic viability: Higher grades generally translate to lower costs per ounce produced
2. Processing options: High-grade ore (>2.5 g/t) can support smaller, more capital-efficient processing facilities
3. Profit margins: Each gram increase in grade can significantly improve project economics, especially in periods of volatile gold prices

Didievi's average grade of 2.5 g/t places it well above the global average open-pit gold grade of approximately 1.0-1.2 g/t, potentially positioning it in the lowest cost quartile of gold producers.

Regional Exploration Unlocking District-Scale Potential

Beyond the main Blaffo Guetto resource area, African Gold has identified multiple high-priority targets across the Didievi project area:

1. Pokou Trend: A 9km-long gold-in-soil anomaly adjacent to Blaffo Guetto, with limited drilling returning results including 12m at 5.60 g/t gold. This anomaly has structural similarities to the >10Moz Subika discovery in Ghana.

2. Pranoi Prospect: A 2km strike length with drill results including 10m at 5.30 g/t gold, confirming stacked, parallel mineralised zones.

3. Kouassi Prospect: Located 2km north of Pranoi with shallow trenching returning 40m at 1.72 g/t gold including 20m at 3.13 g/t gold.

Additionally, the company's Konahiri Project has identified an impressive 18km-long gold anomaly through surficial lag sampling, with peak values reaching 1.18 g/t gold—considered exceptionally high for this sampling method.

Investment Thesis: Undervalued Growth Opportunity

With a current market capitalisation of approximately $100 million, African Gold is trading at roughly $101 per resource ounce, well below the valuation of comparable West African gold developers. Several factors support potential value creation:

1. Resource growth: The current 989,000-ounce resource represents only a fraction of the project's potential, with multiple targets yet to be fully tested.

2. Grade premium: The 2.5 g/t average grade places Didievi among the highest-grade undeveloped open-pit gold projects globally, typically commanding premium valuations.

3. Strategic interest: The involvement of Montage Gold (a +C$1.5 billion gold developer) as a 17.5% strategic investor provides validation and potential pathways to development.

4. Regional consolidation: Côte d'Ivoire's gold sector is experiencing increasing M&A activity, with established producers seeking high-grade satellite deposits.

Upcoming Catalysts

Several near-term catalysts could drive revaluation:

• Resumed drilling at Blaffo Guetto (July 2025)
• Initial exploration at Konahiri targeting the 18km gold anomaly
• Mining license application and scoping study for Didievi
• Continued resource expansion at multiple targets

Why Investors Should Watch African Gold

African Gold represents a compelling investment opportunity based on several key differentiators:

1. Confirmed high-grade resource with strong expansion potential
2. Strategic location near multiple processing facilities
3. District-scale exploration upside across multiple projects
4. Proven technical team with successful track record in West Africa
5. Strong financial position with approximately $12 million cash

With gold prices remaining strong and investor interest returning to the junior gold sector, the Didievi Gold Project by African Gold Ltd's combination of established resources, high-grade intercepts, and exploration upside positions it for potential significant revaluation as it advances toward development decisions.

Ready to Join West Africa's Next Gold Rush?

Discover how African Gold's high-grade Didievi Project could deliver substantial investor returns with its impressive 989,000 ounces at 2.5 g/t gold resource and multi-million ounce potential. With strategic positioning near existing processing infrastructure and a robust pipeline of exploration targets, A1G presents a compelling investment opportunity at current valuations. Visit African Gold's website to learn more about this emerging West African gold story and position yourself ahead of upcoming drilling catalysts.