Roscan Gold (ROS) - High-Grade Gold Developer With Ambitious Intent

April 30 2021, 10:36 GMT+01:00

Roscan Gold

  • TSX-V: ROS
  • Shares Outstanding: 285.13M
  • Share price C$0.53 (27.04.2021)
  • Market Cap: C$151M

Roscan Gold is a Canadian public company listed on the TSX Venture Exchange, which is focused on the acquisition and evaluation of Gold properties in West Africa. Roscan Gold’s initial prospective Gold exploration project is the Kandiole Project located in West Mali.

The Company has assembled a significant land position in the prolific Gold prospective Birimian rocks of west Mali and continues its efforts to acquire further permits in this region with the goal to expand its existing land package in West Africa. 

We caught up with Nana Sangmuah, President & CEO of Roscan Gold as we are interested in the future of the company as they have made a significant appointment at board level and we are keen to understand the level of their ambition moving forward.

Company Overview 

Roscan Gold has significantly scaled up their land package in Southwest Mali to 402km2 making them one of the significant land owners in a district that has yielded over 6 'Tier 1' discoveries. Their recent acquisition has bridged the gap between the main shear zone, which is where most of the discoveries have been found and the new shear zone, so has enhanced the exploration potential.Roscan Gold (ROS) - High-grade Gold Developer With Ambitious Intent

Senior Management Changes: Experience & Mission at Roscan Gold

Roscan Gold has recently appointed Srinivasan Venkatakrishnan, former AngloGold Ashanti CEO, which shows serious ambition from the company. As the company moves forward in terms of strategy, Ventatakrishnan is fully engaged and has a lot of relevant experience and knowledge in the industry which they hope will help to accelerate success for Roscan Gold to maximise value for shareholders going forward. 

Roscan Gold now has enhanced expertise whilst working towards a resource update and has acquired a meaningful land package, just to the northeast of B2Gold's Fekola permitted area which will increase their exploration potential.  

Money Matters: Cash Position, Raise, & Allocation Plans 

Roscan Gold has done some great exploration and they are doing some development work, and have just raised $15M which will go towards the drill programme this year. They have 6 rigs standing and are planning close to about 100,000m of drilling this year with a consistent news flow as there are multiple targets and multiple drills. They are aiming to prioritise and spend money on the most important targets and plan to have a resource update at the end of the year.  

There are 2 advanced targets, the first in Southern Mankouke which is a high grade parallel zone, that is open and links to the recent acquisition, the Mankouke West onto the geomagnetic structure that extends for about 22km into Kabaya. At Kabaya, they have inherited a resource which shows that it's open at depth, and have taken some new zones, parallel structures which need some resources to bulk oz in 2 major regions.  

B2Gold is operating in the same region as Roscan Gold but the focus is on their own assets and what they can do, rather than trying to compete with B2Gold.Roscan Gold (ROS) - High-grade Gold Developer With Ambitious Intent

Mining in Mali: Business as Usual?

Last time we spoke to Roscan Gold, there had been an attempted coup in Mali which blew over fairly quickly as the African Union stepped in and helped out, as did the UN to a lesser degree. It is now business as usual and it has not affected the company or their activities. The new interim government has done a great job in maintaining the business of government issuing permits, trying to make sure that the mining code is adhered to and have been very supportive of Roscan Gold.  

Growth & Development: Attracting Different Types of Investors

Roscan Gold currently has investors who are in for high leverage exploration type returns and as they go through the rest of the processes and start to deliver the PEA and other studies, they will attract a different type of investor.Roscan Gold (ROS) - High-grade Gold Developer With Ambitious Intent

Market Dynamics, What's to Come?

2021 has had a disappointing start for Gold stocks, but Sangmuah is optimistic that we will see Gold coming into its own at some point in the near future.

We look forward to following the Roscan Gold story as they progress with the drill programme this year. They are very focused on building the company and think there is a lot of potential for them to maximise shareholder return and to add value on the other targets they are bringing in and acquiring. 

To find out more, go to the Roscan Gold Website.

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