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African Gold Limited (ASX:A1G)

ALERT: Price-sensitive ASX Announcement for A1G
Current share price for A1G : $1.040 0.68 (188.89%)+
Announcement
Release
17 Oct 2025 9:57AM
Price at Release
$0.360
Full Release
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Summary
African Gold Limited announced the completion of the sale of 2,026,388 ordinary shares in Montage Gold, resulting in gross proceeds of approximately C$13.62 million, which equates to around A$14.96 million. This sale signifies a 134% gain from the initial reference price, highlighting the strong performance and market confidence in Montage's projects in Côte d’Ivoire. Following this transaction, African Gold's cash balance stands at approximately A$16 million, providing substantial funding for advancing the Didievi Gold Project in Côte d’Ivoire. The project is focused on aggressive resource growth at Blaffo Guetto and involves ongoing drilling operations targeting significant resource expansion.
Key Points
  • African Gold Limited sold 2,026,388 shares of Montage Gold.
  • The sale generated approximately C$13.62 million in proceeds.
  • The transaction represents a 134% gain from the initial share price.
  • African Gold's cash balance is approximately A$16 million.
  • Funds will be used to advance the Didievi Gold Project in Côte d’Ivoire.
  • The Didievi Gold Project includes aggressive resource growth at Blaffo Guetto.
  • The project involves two diamond rigs and additional drill targets.
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.