
October 30, 2024
Piche Resources Limited (ASX: PR2) (“Piche” or the “Company”), is pleased to present reconnaissance drill results at the Sierra Cuadrada uranium project, Chubut province, Argentina (Figure 1).
HIGHLIGHTS
- Auger drilling at Sierra Cuadrada highlights extensive areas of near surface uranium mineralization including:
- Assay results have been received for the shallow reconnaissance holes including 6 samples >1000ppm U3O8 (to maximum 2,650 ppm U3O8) and 2 samples >500ppm U3O8 (to maximum 900 ppm U3O8)
- 30% of reconnaissance hole assays showed anomalous uranium mineralization.
- Mineralisation varies in thickness from 0.5m to 4m, with an average thickness 1.5m. The largest being 6km long and 3km wide and remains open.
- These samples were instrumental in understanding the shallow subsurface geology and on prioritising target areas. Multiple areas are being evaluated to identifying priority areas for follow up trenching, mapping and delineation.
- We are waiting on 407 samples from a further 212 drill holes that are currently being prepared for assaying.
- A second auger rig has been delivered to site accelerating the current grid drill programme.
- An additional 37 uranium tenement applications lodged - total U exploration area 2,243km2. Several of the new applications are in the adjacent Rio Negro province and are prospective for sandstone hosted uranium and in-situ recovery (ISR) mineralisation.
To date 609 auger holes have been completed to an average depth of 3.91m over both regional reconnaissance and grid drilling.
Visible uranium has been recorded in 146 of the 303 holes assayed to date and 90 of those holes have returned anomalous grades up to 2,650ppm U3O8.
The most significant results from the earlier reconnaissance drilling are included in Table 1.
Table 1: Significant assays from regional reconnaissance vertical auger drilling (using cut off grade of 200ppm U3O8)
Drilling is currently being undertaken on a 400m x 400m grid, with some infill on 200m x 200m grid (Figure 2). Samples from a further 212 drill holes are currently being prepared for assaying, with visible uranium recorded in 38% of those holes.
As there is anomalous uranium on many of the tenements in the Sierra Cuadrada portfolio, and radiometric uranium anomalies on all of them, the purpose of the grid auger drilling is to determine areas of mineralisation suitable for trenching and sampling to enable the completion of a JORC compliant mineral resource estimate.
Following earlier reconnaissance sampling and auger drilling, the tenement portfolio has been divided into five priority areas (P1-5). Priority has been defined based on historical exploration, prior airborne radiometric anomalies, Piche field reconnaissance, recent field sampling and auger drilling1.
Detailed grid drilling commenced on the P4 (tenements Teo 5, Teo 6 and Peponi 3) area where land access agreements were first achieved. Access agreements have since been executed on P3 area and are expected to be confirmed on P1 & P2 areas in the near term.
Click here for the full ASX Release
This article includes content from Piche Resources, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.
silver investinguranium investingasx stocksasx:pr2gold explorationgold investinggold stockscopper investing
PR2:AU
Sign up to get your FREE
Piche Resources Investor Kit
and hear about exciting investment opportunities.
- Corporate info
- Insights
- Growth strategies
- Upcoming projects
GET YOUR FREE INVESTOR KIT
The Conversation (0)
30 July
Piche Resources
Investor Insight
With high-quality, drill-ready assets with world-class discovery potential, Piche Resources is a compelling business case for investors looking to leverage a bull market for uranium and gold.
Overview
Piche Resources (ASX:PR2) is an ASX-listed mineral exploration company focused on uranium and gold exploration in Tier-1 jurisdictions: Western Australia and Argentina. The company holds 100 percent ownership of all of its projects and is supported by a highly experienced board and technical team.
Targeting globally significant discoveries in Tier-1 mineral provinces
Piche’s portfolio includes the advanced-stage Ashburton uranium project in Western Australia and two large-scale exploration projects in Argentina: the Cerro Chacon gold-silver project and the Sierra Cuadrada uranium project. These projects have delivered high-grade exploration results and are drill-ready, positioning the company to unlock significant shareholder value through systematic exploration programmes.
Piche has an internationally recognized board focused on creating long-term shareholder value, and an in-country technical team in Argentina with a proven track record of taking projects from discovery through to development.
Company Highlights
- Flagship Ashburton uranium project in Western Australia with recent high-grade drilling results over wide intercepts.
- Sierra Cuadrada uranium project in Argentina showing extensive near-surface mineralisation with assays up to 2.86 percent U₃O₈.
- Cerro Chacon gold-silver project with high-grade surface results (up to 11.65 g/t gold and 333.7 g/t silver) across a 14 km mineralised corridor.
- Fully permitted and EIA-approved for drilling at Cerro Chacon (Chacon South and Middle).
- Large, 100-percent-owned tenement package across all projects (Ashburton: 335 sq km; Cerro Chacon: 414 sq km; Sierra Cuadrada: 1,310 km²).
- Board of directors includes former leaders of Peninsula Energy, Orano, Rio Tinto Uranium and Barrick Gold.
- Upcoming drill campaigns planned at Cerro Chacon and Ashburton to test multiple high-priority targets.
- Well positioned for growth in the context of a strengthening uranium and gold price environment.
Key Projects
Gold: Cerro Chacon, Argentina
Cerro Chacon interpreted geology and tenement holding
Cerro Chacon is a large-scale, early-stage gold-silver exploration project located in the Chubut Province of Argentina. The project is situated within a region known for hosting world-class low-sulphidation epithermal systems, including Cerro Negro and Cerro Vanguardia. With multiple gold-bearing structures confirmed over a 14 km corridor, Cerro Chacon is emerging as a highly promising and underexplored precious metals system with substantial scale and grade potential.
Project Highlights
Location: ~40 km southwest of Paso de Indios, Chubut Province
Tenure: 414 sq km across multiple tenements
Highlights:
- A 14 km-long mineralised corridor has been delineated across Chacon Grid, La Javiela and Toro Hosco prospects.
- High-grade geochemical results include:
- 11.65 g/t gold and 120.3 g/t silver at Toro Hosco
- 333.7 g/t silver, 9.48 percent lead, and 8.57 percent zinc at La Javiela South
- Maiden RC drilling programme of 57 holes (7,905 m) scheduled across three main targets:
- Chacon Grid: 45 holes (5,590 m)
- La Javiela: 8 holes (1,740 m)
- Toro Hosco: 4 holes (575 m)
- EIA approvals for Chacon South and Chacon Middle were received in May 2025, enabling drilling to proceed.
- Vein systems range from 2 to 6 km in strike length and up to 50 m in width; hosted within structurally controlled low-sulphidation epithermal veins (LSEV).
Uranium: Ashburton Project, Australia
The Ashburton project is Piche’s flagship uranium exploration asset in Australia, situated in the Pilbara region of Western Australia. Located within a historically underexplored but highly prospective unconformity-related uranium district, the project provides the company with strong leverage to the growing global demand for uranium. The project is geologically analogous to world-class Proterozoic uranium systems, with multiple confirmed mineralised zones and a regional corridor of 60 km.
Project Highlights
- Location: Pilbara region, ~1,150 km north of Perth
- Tenure: 335 sq km following the recent application for tenement E52/4461 (214 sq km), adding to the existing 122 sq km holdings.
- Highlights:
- 2024 RC and diamond drilling confirmed high-grade uranium mineralisation at multiple stratigraphic levels.
- Best intercepts include:
- 3.45 m @ 5,129 ppm eU₃O₈ from 137.62 m (ARC006)
- 10.48 m @ 1,412 ppm eU₃O₈ from 114.30 m (ADD005)
- 2.42 m @ 2,681 ppm eU₃O₈ from 155.10 m (ADD003).
- 7.86 m @ 2,266 ppm eU₃O₈ from 105.42 m (ADD006)
- The company has outlined a 60 km structural corridor hosting multiple uranium occurrences including Angelo A & B, Canyon Creek, Ristretto and Atlantis.
- Atlantis prospect: historical drilling returned up to 7,400 ppm U₃O₈ over 2.2 m; rock chip samples have returned up to 37 percent U₃O₈.
Uranium: Sierra Cuadrada, Argentina
Sierra Cuadrada is Piche’s primary uranium asset in Argentina, covering a vast area within the San Jorge Basin. This large-scale project has demonstrated strong surface uranium mineralisation with multiple drill-ready prospects. With mineralisation confirmed across extensive zones and supported by historical radiometric and geochemical data, Sierra Cuadrada has the potential to host multiple Tier-1 uranium deposits in a cost-effective, near-surface setting.
Teo 5 and 6 prospect 2024 auger drill programme
Project Highlights:
Location: San Jorge Basin, ~200 km north of Comodoro Rivadavia
Tenure: 1,310 sq km across multiple licences
Highlights:
- The project area contains broad, flat-lying mineralisation at multiple stratigraphic levels.
- High-grade uranium assays include:
- 28,650 ppm U₃O₈ (2.86 percent) from rock chip sampling at Teo 8
- 24,017 ppm U₃O₈ from channel sampling
- 2,772 ppm U₃O₈ over 0.5m from auger drill sample
- Mineralised zones extend over a strike of 60 sq km, with confirmed targets on the majority of tenements.
- 2024 auger drilling and sampling confirmed uranium continuity across a sandstone and conglomerate sedimentary package with 14 samples exceeding 200 ppm U₃O₈.
- Rock chip sampling has returned 114 samples >200ppm U₃O₈
- RC drilling is planned to follow up on anomalies identified in the auger and channel sampling programmes.
Management Team
John (Gus) Simpson – Executive Chairman
John Simpson has over 37 years of experience in mineral exploration, development and mining. Previously the executive chairman and founder of Peninsula Energy Limited (ASX:PEN), a USA uranium producer.
Stephen Mann – Managing Director
Stephen Mann is a geologist with over 40 years of experience in exploration, discovery and development of mining projects, including 20 years in the uranium sector. Formerly the Australian managing director of Orano, the world’s third-largest uranium producer.
Pablo Marcet –Executive Director
Pablo Marcet is a senior geoscientist with 38 years of experience in exploration, discovery and development of mineral deposits. Currently an independent director of lithium producer Arcadium Lithium (NYSE:ALTM) and previously a director of Barrick Gold (NYSE:GOLD) and U3O8 (TSX:UWE).
Clark Beyer – Non-executive Director
Clark Beyer is an internationally recognized nuclear industry executive with over 35 years of experience. Formerly the managing director of Rio Tinto Uranium and currently principal of Global Fuel Solutions, providing strategic consulting to the international uranium and nuclear fuels market.
Stanley Macdonald – Non-executive Director
Stanley Macdonald is a nationally recognized mining entrepreneur, founding director and instrumental in the success of numerous ASX-listed companies, such as Giralia Resources, Northern Star and Redhill Iron. He is currently a director of Zenith Minerals.
Keep reading...Show less
Targeting globally significant uranium and gold discoveries in Australia and Argentina
30 July
Cerro Chacon Results Expand Gold Silver Potential
18 June
New tenement application secured at Ashburton project
43m
Asra Hits 14m at 7.49 g/t Gold Near Surface at Eclipse
3h
Danielle DiMartino Booth: Fed's Next Move as Dissent Builds, Where to Focus Now
Danielle DiMartino Booth breaks down the latest US consumer and producer price index data, saying it's important for investors to pay close attention to the American consumer.
The CEO and chief strategist at QI Research also discusses dissent at the US Federal Reserve, and how many times the central bank may cut interest rates in 2025.
Don’t forget to follow us @INN_Resource for real-time updates!
Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.
Keep reading...Show less
3h
1911 Gold
Investor Insight
1911 Gold Corporation offers a unique opportunity for investors seeking exposure to high-grade gold assets with near-term production potential, a fully permitted infrastructure, and significant exploration upside in a world-class mining jurisdiction.
Overview
1911 Gold Corporation (TSXV:AUMB,OTCQX:AUMBF) is a junior mining company focused on the exploration and development of gold resources in Manitoba, Canada. The company holds a dominant, 61,647-hectare land position in the Rice Lake greenstone belt in Manitoba, an underexplored western extension of the prolific Red Lake gold district.
The company’s strategy is focused on de-risking the existing underground mine geology, expanding its mineral resource base through exploration, and advancing towards production on an accelerated time line by leveraging the existing infrastructure in place.Gold remains a resilient safe-haven, with demand fueled by economic uncertainty and geopolitical risk. 1911 Gold is positioned to capitalize on permitted infrastructure, a large land package, defined resources, and near-term production potential.
In July 2025, 1911 Gold closed a C$13.2 million bought-deal LIFE offering, with notable increased investment from renowned resource investor Eric Sprott. Through the financing, Sprott acquired over 9.2 million shares for C$1.86 million, increasing its stake in the company from approximately 16.7 percent to 17.2 percent. His continued backing underscores confidence in 1911 Gold’s assets and growth potential.
1911 Gold’s leadership team brings deep experience across exploration, mine development, corporate finance, and strategic planning. This collective expertise enables the company to navigate complex operational and financial challenges, positioning it as a strong contender in the junior mining sector.
Company Highlights
- Fully Permitted Mill Infrastructure: A 1,300 tpd gold processing plant, expandable to 2,250 tpd, with a replacement value exceeding US$300 million.
- 1.1M oz Gold Resource Open for Growth: Current resources total 1.1 million ounces alongside 2 million ounces of historic production, with strong potential for expansion within the existing mine footprint.
- Prospective Regional Land Package: The company holds 100 percent ownership of 62,000 hectares in a prolific greenstone belt, including three past-producing mines and nearby additional resources.
- Compelling Investment Opportunity: With no royalties or debt, the project offers significant upside, peer-leading value, and strong re-rating potential from near-term catalysts.
- Leadership: Seasoned management and board with a proven track record of advancing mining projects.
Key Projects
True North Project
The True North project is 1911 Gold's flagship asset, located in the Rice Lake greenstone belt of southeastern Manitoba, approximately 150 km northeast of Winnipeg. This historically significant mine has produced over 2 million ounces (Moz) of gold and continues to offer substantial exploration upside.
The current mineral resource estimate for True North includes:
- Indicated Resources: 3.52 million tonnes (Mt) at 4.41 grams per ton (g/t) gold, containing 499,000 ounces.
- Inferred Resources: 5.49 Mt at 3.65 g/t gold, containing 644,000 ounces.
These resources remain open for expansion, with multiple high-priority exploration targets identified near existing underground workings.
Geology and Mineralization
The True North deposit is characterized by high-grade, structurally controlled gold mineralization hosted within the Archean Rice Lake greenstone belt. Gold occurs within quartz-carbonate vein systems associated with major regional structures and secondary shear zones. The mineralization extends to significant depths, providing long-term exploration potential.
History
Gold was first discovered at True North in 1911, leading to decades of intermittent mining under various operators. The mine has undergone multiple phases of development, with extensive underground infrastructure, including a shaft extending to a depth of over 1,200 meters. Previous owners, including San Gold Corporation and Klondex Mines, operated the mine until 2017, after which it was acquired by 1911 Gold in mid-2018.
Infrastructure and Geographic Advantages
- A fully permitted 1,300-ton-per-day (tpd) mill, which can be expanded to 2,250 tpd
- A permitted tailings management facility, reducing environmental and permitting risks
- Year-round road access throughout the property with proximity to hydroelectric power
- A 200-person camp and operational support facilities for efficient workforce deployment
Exploration and Development Plans
1911 Gold is focused on expanding the True North resource through an aggressive exploration program. The company has completed 62 surface drill holes (60 to target depth) totaling 14,974.4 metres within the True North Mine footprint. The program, which began in October 2024, is focused on new targets in prospective host rocks and mineralized structural settings, supported by significant historical results. Two rigs are currently drilling at the SAM SE and San Antonio West (SAM W) zones to test depth extensions of mineralization. Planning is also underway for underground exploration drilling, expected to commence by the end of Q3 2025.
The company will leverage True North’s existing infrastructure to restart mining operations efficiently while continuing to explore the vast untapped potential of the surrounding district.
Regional Exploration Projects
In addition to the True North mine, 1911 Gold controls a large-scale land package within the Rice Lake greenstone belt. The company has identified multiple high-potential targets within this district, including:
- Ogama-Rockland: A past-producing high-grade deposit with significant exploration upside
- Central Manitoba: An area with historical production featuring multiple high-grade vein structures with strong exploration potential
- Gunnar: A historic mine representing an additional potential source of mill feed.
The company aims to leverage its central milling facility as part of a "hub-and-spoke" development model, bringing additional satellite deposits into production.
Management Team
Shaun Heinrichs - President and CEO
With over 20 years of experience in corporate finance, strategic planning, and capital markets, Shaun Heinrichs has held key leadership roles in the mining sector. Before joining 1911 Gold, he served as CFO on various companies, including Group Eleven Resources and Veris Gold, which owned the Jerritt Canyon operation, where he played a pivotal role in corporate development and mergers and acquisitions.
Carmen Amezquita - Chief Financial Officer
A finance professional with over a decade of experience in the resource sector, Carmen has extensive expertise in financial reporting, capital management, and corporate governance for both exploration-stage and producing mining companies.
Michele Della Libera - Vice-president, Exploration
A geologist with over 30 years of experience in mineral exploration, Michele has worked extensively on gold and base metal projects across Canada and internationally and has been closely involved in the development of several mines through to production. He oversees 1911 Gold’s exploration programs, with a focus on expanding the company’s resource base and identifying new discoveries.
Gary O’Connor - Executive Chair
A veteran mining executive with decades of experience in project development and exploration, Gary has held leadership positions at major mining companies, guiding strategic growth initiatives.
Mike Hoffman - Director
A professional engineer with extensive experience in mine development, operations, and corporate strategy. He has played key roles in advancing multiple mining projects from early-stage exploration to production.
Blair Schultz - Director
A finance and investment specialist with a background in institutional asset management and corporate governance. Blair has been instrumental in providing financial oversight and strategic direction for mining companies.
Anna Ladd-Kruger - Director
A highly regarded financial executive in the mining industry, Anna has held senior leadership roles in several resource companies, focusing on financial strategy and corporate growth.
Éric Vinet - Advisor
An expert in mining operations and project development, Éric provides strategic insights on optimizing production, cost management, and operational efficiencies.
Keep reading...Show less
7h
Kobo Resources
Investor Insight
With promising early drill results, favourable jurisdictional dynamics and strong institutional backing, Kobo Resources presents a compelling opportunity for investors seeking exposure to high-value gold exploration in West Africa’s world-class mining frontier.
Overview
Kobo Resources (TSXV:KRI) is a gold exploration company focused on unlocking the untapped mineral potential of West Africa, with its primary operations based in Côte d’Ivoire. The company’s flagship Kossou Gold Project (KGP) is strategically positioned adjacent to Perseus Mining’s (TSX:PRU) Yaouré Gold Mine, a major producing operation, giving Kobo a competitive advantage through shared infrastructure, skilled local labor and logistical accessibility.
Kobo Resources is at the centre of Côte d’Ivoire’s rapidly expanding mining sector.
Côte d’Ivoire offers a mining-friendly jurisdiction with growing geopolitical stability and a supportive regulatory framework. Kobo is capitalizing on the country’s strong gold production momentum, as West Africa continues to lead globally in gold discoveries. The region stands out for its rapid exploration-to-production timelines, averaging just 10 years – significantly shorter than the global average of 16. The Kossou Gold Project benefits from geological characteristics similar to those of the adjacent Yaouré deposit, enhancing the credibility of its resource base and future economic potential.
Kobo’s investment value proposition is supported by a strong leadership team with decades of technical, financial and in-country experience. Backed by strategic partner Luso Global Mining, a subsidiary of engineering and mining giant Mota-Engil, Kobo has secured not only capital during its previous equity raise but also access to the strengths of an end-to-end mining development services giant. The team’s phased exploration strategy and disciplined execution reflect Kobo’s commitment to delivering shareholder value through near-term catalysts such as updated technical reports, metallurgical studies and an aggressive 2025 drill campaign targeting a maiden resource estimate in 2026.
Kobo Leadership team from L-R: Chris Picken, exploration manager; Paul Sarjeant, director, president and COO; and Édouard Gosselin, CEO, director and corporate secretary
Financially, Kobo maintains a lean capital structure with no debt, strategic backers and significant insider ownership, aligning management interests with those of investors. The company raised $7.4 million in 2024 to fund ongoing exploration efforts and has positioned itself to benefit from potential consolidation in Côte d’Ivoire’s rapidly maturing gold sector.
Company Highlights
- Mining-friendly and Underexplored Location – Côte d’Ivoire’s gold production has grown significantly but still trails neighboring countries.
- Prime Location with Infrastructure Advantage – The Kossou Gold Project (KGP) is 40 km from Yamoussoukro and 9.5 km from a major operating gold mine.
- Proven Gold Discoveries with Strike Continuity – 24,471 m drilled at KGP with multiple mineralized zones that remain open along strike and depth.
- Promising Secondary Project – Kotobi gold project offers early-stage exploration upside in a highly prospective greenstone belt.
- Aggressive Growth and Near-term Milestones – +/- 20,000 m 2025 drill program targeting priority zones and advancing toward a potential MRE in 2026 with a strong project pipeline.
- Strong Team and Strategic Backing – Decades of exploration success combined with a strategic partnership with Luso Global Mining (Mota-Engil).
Key Projects
Kossou Gold Project
Aerial view of the Kossou gold project in proximity to nearby infrastructure and operators
The Kossou gold project (KGP) is Kobo Resources’ flagship asset and the cornerstone of its exploration strategy in Côte d’Ivoire. Situated just 40 km from the capital city of Yamoussoukro and adjacent to Perseus Mining’s (TSX:PRU) producing Yaouré Gold Mine, the Kossou gold project offers exceptional geographic advantages. Its proximity to key infrastructure, including roads, power and mining services, significantly reduces barriers to development. Covering a 110-sq-km permit area, the project is nestled within the Birimian greenstone belt, a prolific geological zone renowned for hosting major gold deposits across West Africa. This strategic location provides Kobo with logistical efficiencies and exploration potential in a rapidly growing mining jurisdiction.
Kossou is defined by a trio of high-priority mineralized zones: the Jagger, Road Cut and Kadie Zones, which together represent five kilometers of combined strike length and more than 24,000 meters of drilling to date. These zones have shown consistent gold mineralization, with notable intercepts such as 38.2 m at 1.55 g/t gold (Jagger Zone), 11 m at 6.77 g/t gold (Road Cut Zone), and 9 m at 23.89 g/t gold (Kadie Zone), including an exceptional 1 m section grading 210 g/t gold. These results affirm the continuity of mineralization and point to the potential for an open-pit mining operation with scalable upside. Kobo’s exploration methodology, which combines soil geochemistry, trenching and phased drilling, are both cost-effective and technically sound.
The geology at the Kossou gold project is closely tied to the Bouaflé greenstone belt and features a mix of mafic volcanics and volcano-sedimentary rocks characteristic of the Paleoproterozoic Birimian Group. Mineralization occurs within a 500-m wide and +3-km long north-northwest trending shear corridor known as the Contact Zone Fault.
Beyond its technical merits, the Kossou gold project represents a compelling value proposition due to its combination of scale, grade and development readiness. Kobo has already completed 24,000+ m of drilling so far, with an additional 20,000-m program planned for H2 2025 aimed at delivering a maiden mineral resource estimate in 2026.Yakassé Gold Project – Opportunity
The Yakassé project is located approximately 100 km northeast of Abidjan and is easily accessible by paved and gravel roads. The 74.06 sq km permit application lies within a highly prospective region characterized by NE-SW trending Birimian metavolcanic and metasedimentary units intruded by granitoids. Gold mineralization in the area is structurally controlled, associated with shear zones and quartz veining, and has been the focus of significant historic artisanal and small-scale mining activity.
Previous exploration by reputable operators, including, most recently, Newmont (2007–2010), outlined widespread gold anomalies and confirmed the potential for mineralized systems at the Yakassé Project. Newmont’s work included extensive soil geochemistry, auger drilling, and over 3,500 m of RC drilling. Several broad, near-surface gold intercepts were reported, including 44.0 m at 2.32 g/t gold, 48.0 m at 1.20 g/t gold, and 20.0 m at 1.69 g/t gold, highlighting the strong mineral potential associated with NE-SW trending shear zones. Importantly, Kobo believes the structural trends observed at Yakassé may represent parallel systems to those present at its nearby Nesdave permit and Kuniboa application, underscoring the broader regional opportunity to consolidate and explore an underexplored but prospective gold corridor in southeastern Côte d’Ivoire.The Yakassé gold project is supported by historical exploration work from major operators on prospective ground.
Kotobi Project
The Kotobi gold project (302 sq km) is Kobo Resources’ secondary exploration asset, located in the Moronou region of central-eastern Côte d’Ivoire. Exploration efforts at Kotobi have included a UAV magnetic survey covering the entire property, totaling 1,565 line-kms, a geophysical analysis, soil geochemical sampling, geological mapping and rock sampling. These activities aim to refine exploration as trenching is now underway targets with the goal of identifying drilling targets in the near future. The project benefits from excellent infrastructure, including well-established roads, water and power access, as well as proximity to major cities and established processing facilities.
Growth Opportunities: Earn-in Agreements & Permit Applications
In addition to its 100-percent-owned permits covering a total of 412 sq km(KGP and Kotobi), Kobo Resources has significantly expanded its regional exploration footprint in Côte d’Ivoire through strategic earn-in agreements and permit applications, totalling over 700 sq km of additional exploration opportunity. These pending applications and permits are largely underexplored, offering Kobo a unique opportunity to unlock new gold discoveries in proximity to its existing Kossou and Kotobi projects.
Pending research permit applications:
- Bocanda South – 341.6 sq km
- Kuniboa North- 163.2 sq km
- Kuniboa South - 18.3 sq km
- Yakassé Gold Project - 74.06 sq km
Nesdave Mining earn-in opportunities:
- PR0970 - 93.3 sq km
- PR0973 - 73.5 sq km
Management Team
Edouard Gosselin – CEO, Director and Corporate Secretary
Edouard Gosselin, co-founder of Kobo Resources, is a seasoned attorney and member of the Quebec Bar since 1984. He has privately represented financial institutions, corporations and individuals in commercial law, banking, bankruptcy, reorganizations and startups across tech and industrial sectors and is a seasoned entrepreneur. He has been involved in Côte d’Ivoire since 2012.
Paul Sarjeant, P.Geo., – Director, President and COO
Paul Sarjeant is a professional geoscientist and co-founder of Kobo Resources. He is a mining professional with over 35 years of experience in exploration, development and mining, including 15 years as senior geologist at Echo Bay Mines (Kinross), evaluating international projects. More recently, he was manager of geology at Largo.
Carmelo Marelli – CFO
Carmelo Marrelli is the principal of the Marrelli Group, which includes Marrelli Support Services, DSA Corporate Services and other related entities. A chartered professional accountant (CPA, CA, CGA) and member of the Institute of Chartered Secretaries and Administrators, he serves as CFO for several TSX, TSX Venture Exchange and CSE-listed companies, as well as non-listed companies, and is a director of select issuers.
Chris Picken – Exploration Manager
Chris Picken has over 35 years of experience in the mineral exploration industry, working as a geologist, exploration manager and COO. He has worked with major, mid-tier and junior exploration companies across Africa and South America. For the past decade, he has focused on Archaean and Birimian gold terrains in West Africa, including Côte d'Ivoire, Liberia and Sierra Leone. He led the Yaouré gold deposit feasibility studies from 2014 to 2018.
Frank Ricciuti – Director and Chairman of the Board
Frank Ricciuti was president of Efjay Consulting, providing management and financial services, including organizational structuring and corporate finance. He served as a director for Novik (2006-2014) and Petrolympic (2008-2019) and was Kobo’s vice-president, corporate development from 2015 to 2021.
Brian Scott – Independent Director
Brian Scott, a geologist with over 35 years of global experience, has worked on diverse deposit types including porphyries in the Andes and orogenic gold deposits in West Africa, Canada and beyond. He spent 30 years with Bema Gold (later acquired by Kinross) and B2Gold, where he served as VP geology and technical services.
Vivek Dharni – Director
Vivek Dharni is a business leader with over 20 years of experience in corporate development and finance, focusing on resources, infrastructure and renewable energy. He drives transformational change through sustainable growth strategies that benefit society and elevate stakeholder value. He has held roles at HDFC, Mota-Engil and Rio Tinto, and currently serves as head of mergers & acquisitions for Mota-Engil in Africa and the Middle East.
Jeff Hussey – Independent Director
Jeff Hussey, a professional geologist with 36 years of experience, and holds a B.Sc. in Geology from the University of New Brunswick (1985). He serves on the boards of Brunswick Exploration and Osisko Metals, where he is president and COO. Previously, he was president and CEO of Osisko (2017-2020). With experience in both open pit and underground operations, he also consulted for major mining companies, including Champion Iron Mines, helping raise over $70 million for corporate development. He is currently CEO of PinePoint Mining Ltd.
Patrick Gagnon – Independent Director
Patrick Gagnon is a retired executive with over 25 years in the financial and brokerage industry. He is an active private investor in technology, resources and consumer products. He began his career as a research assistant, later becoming a research analyst, trader and institutional sales professional. From 1995 to 2015, he was a partner at GMP Securities and served as managing director of its Montreal office.
Keep reading...Show less
15 August
Editor's Picks: Gold Tariff Threat Ends, Price Reacts to Fresh Inflation Data
The gold price cooled off this week as tariff-related uncertainty reached a resolution.
The yellow metal was thrust into headlines late last week when US Customs and Border Protection told a Swiss refiner that 1 kilogram and 100 ounce gold bars would be subject to Trump administration tariffs that went into effect on August 7.
Gold is one of Switzerland's top exports to the US, and with the country facing a 39 percent levy, questions were rife about what the impact could be. Clarification came on Monday (August 11), when US President Donald Trump said on Truth Social that gold "will not be tariffed."
While the news calmed market participants, Keith Weiner of Monetary Metals believes the incident could have long-term impacts. He said the tariff confusion caused the spread between spot gold and gold futures to blow out, creating difficulties for entities using the market to hedge.
Here's how Weiner explained it:
"Once you've put the scare into everybody, you can't just say, 'Oh, sorry, just kidding.' You can't really do that. And so now we've done damage, and we'll see what happens to that spread over time. We'll see how users of the futures market adapt.
"There are other markets in the world that would be competing for this hedging business — maybe it moves to Singapore, maybe it moves to Dubai, maybe it moves to London, and the US loses not only a little more trust, but also a little bit of volume on what had been the biggest, or what is currently the biggest, futures market."
This week also brought the release of US consumer price index (CPI) and producer price index (PPI) data. On a seasonally adjusted basis, CPI for July was up 0.2 percent from the previous month and 2.7 percent from the year-ago period. Meanwhile, core CPI, which excludes the food and energy categories, was up 0.3 percent month-on-month and 3.1 percent from the same time last year.
While those numbers were largely in line with expectations, seasonally adjusted July PPI figures came in hotter than expected, rising 0.9 percent month-on-month compared to Dow Jones' forecast of 0.2 percent. Core PPI increased 0.9 percent from June compared to an estimated rise of just 0.3 percent.
Speaking about the implications of the data, Danielle DiMartino Booth of QI Research said it shows companies aren't yet passing tariff-related price increases on to consumers.
This is what she said about how these circumstances could develop:
"I do think that we will see where companies feel they can push through price increases — I think we'll see that. We saw quite a bit of food inflation in the PPI, and when you're talking about things like essentials, and especially with very, very low-margin types of sales, we could see what we call the substitution effect begin, where households end up buying other things. The classic is always that they trade down from steak to ground beef, or trade down from beef to chicken.
"We're going to see whether or not that plays out again."
While the PPI data has slightly dampened expectations that the US Federal Reserve will cut interest rates when it meets in September, CME Group's (NASDAQ:CME) FedWatch tool still shows a strong probability of a reduction at that time.
Bullet briefing — CATL closes mine, Mitsubishi invests in copper
CATL temporarily closes lithium mine
Contemporary Amperex Technology (HKEX:3750,SZSE:300750), better known as CATL, said on Sunday (August 10) that it will halt production at a lithium mine in China for at least three months.
Sources familiar with the matter told Bloomberg that CATL, which is the world's largest electric vehicle battery maker, failed to extend a key mining permit. The company is reportedly in talks about a renewal, but is prepared for a months-long shutdown.
Share prices of lithium miners rose on the news, buoyed by expectations that the CATL mine closure will help reduce oversupply. Excess output has caused Chinese lithium prices to drop 80 percent since the end of 2022, and investors are keen to see a turnaround for the beleaguered battery metal.
Hudbay, Mitsubishi team up on copper
Mitsubishi (TSE:8058) is set to acquire a 30 percent stake in Hudbay Minerals' (TSX:HBM,NYSE:HBM) Arizona-based Copper World subsidiary for US$600 million.
Hudbay called Mitsubishi its "strategic partner of choice," while Mitsubishi said the investment will help advance its copper growth plans. A feasibility study is in the works for Copper World, and a definitive feasibility study is expected in mid-2026.
Hudbay shareholders reacted positively to the news, which comes on the back of a strong focus on copper supply after last month's announcement of a 50 percent tariff on US imports of semi-finished copper products and intensive copper derivative products. The company projects that Copper World will result in a direct $1.5 billion investment into the US critical minerals supply chain.
Want more YouTube content? Check out our expert market commentary playlist, which features interviews with key figures in the resource space. If there's someone you'd like to see us interview, please send an email to cmcleod@investingnews.com.
And don't forget to follow us @INN_Resource for real-time updates!
Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.
Editorial Disclosure: The Investing News Network does not guarantee the accuracy or thoroughness of the information reported in the interviews it conducts. The opinions expressed in these interviews do not reflect the opinions of the Investing News Network and do not constitute investment advice. All readers are encouraged to perform their own due diligence.
Keep reading...Show less
15 August
OPINION — Goldenomics 103: Gold Protects and Performs
This opinion piece was submitted to the Investing News Network (INN) by Darren Brady Nelson, who is an external contributor. INN believes it may be of interest to readers and has copy edited the material to ensure adherence to the company’s style guide; however, INN does not guarantee the accuracy or thoroughness of the information reported by external contributors. The opinions expressed by external contributors do not reflect the opinions of INN and do not constitute investment advice. All readers are encouraged to perform their own due diligence.
By Darren Brady Nelson
US President Donald Trump’s “Liberation Day” tariffs certainly caused quite the stir in the markets on April 2.
Gold dropped about 6 percent, and silver 12 percent. A week later, a pause was announced, which ended on August 1. Gold and silver have since risen approximately 11 percent and 24 percent, respectively.
Six month gold and silver price performance.
Source: Trading Economics (gold) and (silver).
Unless you are a professional, or even amateur, trader, it is best to look at gold and silver investment with a perspective of years or decades, rather than just days, weeks or even months. Since the start of the COVID-19 panic in March 2020, gold and silver have exploded 123 percent and 192 percent.
10 year gold and silver price performance.
Source: Trading Economics (gold) and (silver).
In the shorter term, the gold price is driven by what economist John Maynard Keynes called “animal spirits.” In the longer term, it is driven by “monetary spirits.” And not just as protection, but also for performance. The Presidential Gold Guide highlights both in chapters four and five.
Source: Fisher Liberty Gold.
Gold unsurprisingly protects
Economist and investor Mark Skousen has wisely noted that: “Since we left the gold standard in 1971, both gold and silver have become superior inflation hedges.” Gold has more than countered the results of inflation, as measured by CPI, and the drivers of inflation, as measured by M3.
And the numbers back that up. The Gold Protects chart below compares the gold price, CPI and M3 in terms of cumulative growth of each from 1971 to 2025. That is throughout the whole era of gold as an investment, which officially started in 1974 once private ownership was restored.
During this era, gold grew by 541 percent, CPI by 214 percent and M3 by 384 percent. Annual average growth for gold was 10 percent, CPI at 4 percent and M3 at 7 percent. Maximums were 92 percent, 14 percent and 29 percent, respectively. CPI only failed to grow twice, ie. 0 percent in 2009 and 2015. M3 decreased twice, by -4 percent in 2023 and -6 percent in 2024.
Gold surprisingly performs
The highly respected In Gold We Trust (IGWT) report states: “When dealing with the specific level of gold allocation, it is advisable to differentiate between safe-haven gold and performance gold. The Big Long strategy emphasizes the potential of performance gold in the coming years.”
IGWT thus recommends an investment portfolio "rule of thumb" that includes 15 percent in “safe-haven gold” and 10 percent in “performance gold.” The Gold Performs chart below compares gold price, S&P 500 and nominal GDP in terms of cumulative growth of each from 1971 to 2025.
Gold grew by 541 percent, the S&P 500 by 484 percent and GDP by 339 percent. Annual average growth for gold was 10 percent, with the S&P 500 at 9 percent and GDP at 6 percent. Maximums were 92 percent, 45 percent and 14 percent, respectively. Gold did have a higher standard deviation of 27 percent, compared to 17 percent for the S&P 500 and 3 percent for GDP.
Animal and monetary spirits
Gold protects as a hedge or safe haven, not just from inflation, but from the flip side of that same coin of the boom-bust cycle. Both are driven, in the longer term, not by “animal spirits,” but by “monetary spirits.”
Inflation is when money inflation has a widespread impact as price inflation. A bubble is when money increases have a more concentrated impact such as in certain asset values. The bubble eventually bursts when “monetary spirits” are finally reined in by monetary realities.
I say “monetary spirits” because of the role of fiat money, as indicated by, say, M3. When money supply outstrips money demand in a localized way, then that is a bubble, and when in a general way, that is inflation.
The former shows up in certain asset, wholesale and/or producer prices, whilst the latter shows up in CPI. Asset prices include the S&P 500. But nominal GDP is also "ginned up" as it is ultimately a price times quantity measure as well. Price is expressed in money terms.
Conclusion
Gold can have ups and downs, as standard deviation indicates, due to the “animal spirits” of fear and uncertainty, that tend to be daily, weekly or monthly. Yet gold both protects and performs due to the “monetary spirits” of inflation and boom-bust, which tend to be decennially.
In particular, gold performs when the S&P 500 does not, like in the aftermaths of the 2001/2002 dot-com collapse, the 2008/2009 global financial crisis and 2020/2021 COVID-19 lockdowns.
Therefore, when it comes to gold, “follow the money” of central bank “money printing” and fractional reserve bank “fountain pen money,” for both superior inflation protection and boom-bust performance.
And besides, Skousen rightly "begged the question" as follows: “Gold and Silver have always had value, never gone to zero. Can you say the same for stocks and bonds?”
About Darren Brady Nelson
Darren Brady Nelson is chief economist with Fisher Liberty Gold and policy advisor to The Heartland Institute. He previously was economic advisor to Australian Senator Malcolm Roberts. He authored the Ten Principles of Regulation and Reform, and the CPI-X approach to budget cuts.
Click here to read Goldenomics 101: Follow the Money, and here to read Goldenomics 102: The Shadow Price of Gold.
Keep reading...Show less
Latest News
Sign up to get your FREE
Piche Resources Investor Kit
and hear about exciting investment opportunities.
- Corporate info
- Insights
- Growth strategies
- Upcoming projects
GET YOUR FREE INVESTOR KIT
Latest Press Releases
Related News
TOP STOCKS
American Battery4.030.24
Aion Therapeutic0.10-0.01
Cybin Corp2.140.00