Amani Gold Limited (ASX: ANL) is an ASX-listed explorer with its key asset, the Giro Gold Project, located within the significant under-explored Kilo-Moto greenstone belt in the north-east Democratic Republic of Congo (DRC) in Central Africa.
The Moto greenstone belt hosts Randgold and AngloGold Ashanti’s 16Moz Kibali Project, 35km east of Giro. Kibali produced 642,720 ounces of gold in 2015 and targeted production of 610,000 ounces for 2016, confirming a favourable mining environment in the region. Randgold recently entered into a JV agreement on the Moku tenements between Giro and Kibali as it aims to acquire all prospective ground in the area.
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Giro Gold Project
Amani Gold Limited holds a 55.25% interest in two exploitation permits which cover 497km2 of prospective ground in the Haut-Uele Province, north-east Democratic Republic of Congo.
The tenements are less than 30km west of Randgold Resources / AngloGold Ashanti’s multi-million ounce Kibali Gold deposits as shown in Figure 1. Kibali produced 642,720 ounces of gold in 2015 and is targeting production of 610,000 ounces for 2016, confirming a favourable mining environment in the region.
Mofe Creek Iron Ore Project, Liberia
• Grassroots iron ore discovery within a proven iron ore district in Liberia
• 95Mt Exploration target of high-grade friable itabirite within a >500Mt Global Exploration target size
• Maiden Mineral Resource estimate of 61.9Mt at 33% Fe including an Indicated Mineral Resource of 16.2Mt at 35.4% Fe
• Scoping Study confirming 14-year initial mine life with a production target of 2.5 Mtpa