Pasofino Gold's Dugbe Gold Project: A Golden Opportunity Igniting at Quebec's Mining Event

The mining world is abuzz as Pasofino Gold Limited (TSXV:VEIN) gears up for its star turn at the THE Mining Investment Event in Quebec City from June 3-5. This isn't just another conference—it's a launchpad for one of the most promising gold projects in West Africa: the Dugbe Gold Project in Liberia. With a resource base of 3.3 million ounces, jaw-dropping economics, and a government-backed development agreement, this is a project that could redefine Pasofino's valuation—and your portfolio.

Why the Dugbe Gold Project Is a Game-Changer
Let's start with the numbers: the Dugbe project spans 2,078 km², sitting squarely within the Birimian Supergroup, a geological powerhouse responsible for some of West Africa's largest gold deposits. The latest feasibility study, updated in 2022, paints a picture of a cash cow:
- NPV5 of $1.674 billion at a gold price of $2,700/oz.
- IRR of 54.3%, a staggering return for a gold project.
- A 14-year mine life with average annual production of 171,000 oz, hitting over 200,000 oz/year in the first five years.

But here's the kicker: gold prices are soaring, and Pasofino is preparing to update its feasibility study this year to reflect a $4,000/oz gold price scenario (projected by JP Morgan for 2026). At that price, the economics could double, turning Dugbe into a multi-billion-dollar asset.

The Government Deal? A Gold Mine of Its Own
Liberia's 25-year Mineral Development Agreement (MDA) is a masterstroke. The government holds a 10% carried interest, a 3% royalty, and a 25% income tax rate—terms that are extremely favorable for a mining company. Plus, a 50% fuel duty reduction slashes operating costs, and Liberia's political stability since the 2003 peace agreement ensures minimal risk. This is a government that wants to grow its economy through mining—and Pasofino is its golden ticket.

The Funding Boost: Fueling the Fire
Earlier this year, Pasofino inked a $25 million funding pact with partners Hummingbird Resources and Nioko Resources. The cash will go toward updating the feasibility study, advancing metallurgical testing (aiming to boost recoveries to 90% from 83%), and pre-construction work. With $10 million already secured for 2025, the project is on track to secure financing by year-end—a milestone that could send shares soaring.

Quebec's Event: The Catalyst for Investor Confidence
At the Mining Investment Event, CEO Brett Richards and his team will be on a mission. One-on-one meetings with investors and institutional players will showcase Dugbe's updated economics, governance reforms, and the $25 million funding injection. This isn't just a networking event—it's a showcase of execution. After years of delays, Pasofino is now fully funded and laser-focused on a construction decision by end-2025.

Action Items for Investors
1. Buy the Dip: The stock has been volatile, but with the Quebec event and financing milestones ahead, now is the time to position yourself.
2. Track the Feasibility Update: If the revised study confirms Dugbe's value at $4,000/oz gold, this stock could triple.
3. Watch for the MDA Milestones: Submission of the final Environmental and Social Impact Assessment (ESIA) and Class A Mining Licence will be critical confidence builders.

Risk? Sure—but the Reward Outweighs It
Critics will cite risks: gold price volatility, regulatory delays, and Liberia's still-developing infrastructure. But consider this: Pasofino's fully funded runway, its strategic partnerships, and the incredible leverage to higher gold prices make this a high-risk, high-reward bet with massive upside.

In a world where gold is king—and Dugbe's project is the crown—this is a once-in-a-decade opportunity. The Quebec conference is the starting gun. Don't miss the shot.

Final Call to Action:
- Act now ahead of the Quebec event.
- Buy VEIN on dips below $[X] (use the chart above to time your entry).
- Set alerts for the feasibility update and financing announcements.

This isn't just an investment—it's a gold rush with a roadmap. Strap in.