Montage Gold's Strategic Bet on African Gold: Unlocking Côte d'Ivoire's Gold Potential

In the ever-evolving landscape of global mining, strategic partnerships often serve as the linchpin for unlocking untapped resources and driving growth. Montage Gold Corp's recent alliance with African Gold Limited is a case in point, as the two companies join forces to advance the high-grade Didievi project in Côte d'Ivoire. This partnership, announced on March 24, 2025, is not just a financial maneuver but a calculated bet on the region's gold potential, leveraging Montage's expertise and African Gold's promising portfolio.

The Didievi project, located near established gold mining operations such as Allied Gold’s Bonikro and Agbaou mines, as well as Perseus’ Yaoure mine, is a beacon of hope for both companies. With an Inferred Resource of 4.93Mt at 2.9 g/t Au containing 452,000 ounces of gold, the project's high-grade gold potential is undeniable. The ongoing 10,000-meter drill program, which continues to return high-grade extension intercepts, further solidifies its promise.



Montage Gold's strategic investment in African Gold is a testament to its value-driven approach, which considers risk-adjusted geological potential and is supported by technical due diligence. By acquiring up to 19.9% ownership stake in African Gold through the issuance of up to 2.19 million common shares, Montage is not just investing in a project but in a partnership that leverages its presence and expertise in Côte d'Ivoire.

The appointment of Silvia Bottero, EVP Exploration of Montage, as Non-Executive Director and Martino De Ciccio, CEO of Montage, as Strategic Advisor to African Gold's Board of Directors, underscores the strategic importance of this partnership. Montage's technical due diligence process and well-established exploration team further strengthen the belief in the Didievi project's high-grade gold potential and its prospects for future success.

However, the partnership is not without its risks. The uncertainty of the drill program's results, potential delays or cost overruns, and the complexities of international partnerships are all factors that could impact the project's success. Moreover, the partnership's success will depend on the ability of Montage and African Gold to work together effectively, which may be challenging given the complexities of international partnerships.

Despite these risks, the potential rewards of this partnership are significant. The opportunity to rapidly unlock exploration value at the Didievi project, which is currently undertaking a 10,000-meter drill program that continues to return high-grade extension intercepts, is a testament to the project's potential. Additionally, Montage's appointment as the operator of the Didievi project allows them to apply their extensive exploration track record and strong presence in Côte d'Ivoire to drive the project forward.

In conclusion, Montage Gold's strategic partnership with African Gold is a bold move that could unlock significant value in Côte d'Ivoire's gold mining sector. While the partnership is not without its risks, the potential rewards are significant, and the strategic importance of the Didievi project cannot be overstated. As the two companies work together to advance the project, the world will be watching to see if this partnership can deliver on its promise.