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African Gold Limited (ASX:A1G)

ALERT: Price-sensitive ASX Announcement for A1G
Current share price for A1G : $1.040 0.675 (184.93%)+
Announcement
Release
14 Oct 2025 9:44AM
Price at Release
$0.365
Full Release
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Summary
African Gold Limited has announced positive results from their systematic exploration at the Blaffo Guetto resource zone. The ongoing drilling campaign aims to expand the resource footprint beyond the current 989,000 ounces of gold at a grade of 2.5g/t Au over 12.4 million tonnes. Significant intercepts have shown promising grades, reinforcing the potential for resource growth. The company is well-funded, with about A$16 million in cash, and plans to continue drilling with two diamond rigs and additional RC rigs scheduled to begin in November. The exploration is part of a broader effort to develop the Didievi Project, which includes the Blaffo Guetto, and has potential for multi-million-ounce gold production. African Gold is also collaborating with Montage Gold to leverage support and expertise for accelerating the project.
Key Points
  • Standout drill intercept of 16m at 13.2g/t Au from 197m.
  • Blaffo Guetto Resource currently estimated at 989,000 ounces within 12.4 million tonnes at 2.5g/t Au.
  • >40,000-metre drilling campaign underway to expand resource.
  • Two diamond rigs active; RC rigs to commence in November.
  • Company holds approximately A$16 million for exploration funding.
  • Collaboration with Montage Gold for project support.
  • Didievi Project aims to become a multi-million-ounce gold opportunity.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.