TuNya Mineral Resources
Primary ticker: Private
Stage of development: Exploration
Primary minerals: Gold
Project to promote: Kyereboso Gold Project
Project location: Ashanti Belt in Ghana
TuNya Mineral Resources Ltd is a private (Jersey registered) Company, seeking to grow it’s Kyereboso Gold Project in Ghana. TuNya has to date defined a 0.5Moz mineral resource at Kyereboso. The next round of drilling is targeting 1.0Mozs. Best drill result to date 359m @ 1.24 g/t from surface.
TuNya’s Ghana based technical team has extensive experience in cost effective discovery and building gold projects in Africa.
TuNya provides exposure to a project that can be rapidly advanced to development, with a Mining Lease granted in 2023. As further drilling and project level work evolves TuNya will consider a transition to an appropriate stock exchange listing providing liquidity for shareholders.
Seeking Equity Investment in TuNya Mineral Resources up to $5m to execute a 12 month program including core drilling and updating the project’s economic Study.
Management Profile
Simon Meadows Smith – Managing Director
Simon is a geologist and lives in Accra, Ghana. He has been involved in the discovery and delineation of several gold mines in Ghana, Burkina Faso and Cote d’Ivoire over the last twenty years.
Simon is the Managing Director of TuNya and has extensive exposure to projects and operating conditions throughout West Africa with corporate and government networks at all levels.
He leads TuNya’s in-country technical team.
Also attending 121 will be Mike Brook, Director.
What is your rationale for taking part in 121 Mining Investment?
TuNya has had very limited market exposure to date. We believe 121 is the ideal forum to launch our company to investors.
TuNya is raising US$5M to advance the Kyereboso Gold Project. Funds will be used to complete 15,000 m of diamond core drilling, update the Project’s PEA and complete an ESIA.
What recent news would you like to highlight to investors attending?
Drilling to resume on the Kyereboso Gold Project in Q1 2025.
What are your key goals for the next 3, 6 and 12 months?
3 Months:
Complete 10,000 m of diamond core resource growth drilling on the Kyereboso Mining Lease.
6 Months:
Complete an additional 5,000 m of drilling to test exploration targets within the Prospecting Licences. Announce an updated gold resource estimate.
12 Months:
Complete an updated economic study of the Kyereboso Gold Project and submit our ESIA report to the Ghana EPA.
What do you see as the key risks and challenges facing your company at the moment and how are you overcoming these?
Raising funds to complete the 3,6 & 12 month goals is the Company’s primary objective.
We are also working with Gekko to optimize our processing options, particularly focusing on the high level of gold recovery achievable from Kyereboso ore.
What do you think makes your company such a compelling investment?
TuNya holds a significant landholding in Ghana containing a robust mineral resource defined within one open pit . There is considerable upside potential to grow the mineral resource to a multi-million ounce scale. The company is managed by an experienced in-country team with proven track records of mine discovery and development within the sub-region.
What are the top 3 key investor takeaways?
Robust mineral resource of 0.5Mozs
Clear pathway for resource growth to 1Mozs and beyond
In-country management and ownership team