Kobo Resources
Primary ticker: TSXV:KRI
Stage of development: Exploration
Primary minerals: Gold
Project to promote: Kossou Gold Project
Project location: Côte d’Ivoire, West Africa
Website: www.koboresources.com
Kobo Resources is a growth-focused gold exploration company with a compelling new gold discovery in Cote d’Ivoire, one of West Africa’s most prolific and developing gold districts, hosting several multi-million-ounce gold mines. The Company’s 100%-owned Kossou Gold Project is located approximately 20 km northwest of the capital city of Yamoussoukro and is directly adjacent to one of the region’s largest gold mines with established processing facilities. The Company is drilling to unlock the potential size and scale at the Kossou Gold Project with 9+ km strike length of highly prospective gold targets with demonstrated significant drill results from three key target areas, as well as additional exploration on its Kotobi Permit as part of its strategic efforts to expand its footprint in Côte d’Ivoire.
Cash: CAD 04.M
Debt: NIL
Major shareholders:
Edward Gosselin – 14.9%
Delbrook Capital- 9.9%
Luso Global Mining (Mota-Engil SGPS SA) – 9.9%
Paul Sarjeant – 7.8%
Patrick Gagnon – 3.5%
Management ownership – 28.7%
Financials
Management Profile
Edward Gosselin- CEO
-Member of the Quebec Bar Association since 1984
-Exercised in private practice for more than 18 years in commercial law, banking litigation, bankruptcy and insolvency, business restructuring, raising capital for ‘Start-ups’, director of numerous private entities
-Strategic advisor having acquired more than 20 years of experience in the management of high tech, industrial companies and exploration, focusing on Cote d’Ivoire project for the last 10 years
Paul Sarjeant – President and COO
– Professional Geologist with over 35 years of experience in mineral exploration, project management, development and evaluation throughout the world including Africa
– Extensive management experience having served in senior management roles for several small cap exploration and development companies and mining companies
– Member of the Association of Professional Geoscientists of Ontario
What is your rationale for taking part in 121 Mining Investment?
Kobo is looking for investors interested in gold mining and supporting junior gold exploration companies through the markets and private placements. We are happy to share our story with individual investors, funds, family offices and individual brokers. We will be looking to complete financing in the CAD$12 to $15 million range in the coming months.
What recent news would you like to highlight to investors attending?
• October 29, 2024: Kobo Resources Reports Strong Gold Intercepts at Jagger Zone: 2.0 m at 15.99 g/t Au, 8.0 m at 3.72 g/t Au and 14.0 m at 1.53 g/t Au, Supporting Target Continuity and Expansion at Depth
• October 3, 2024: Kobo Resources Intersects 7.0 Metres at 4.83 g/t Au in Strong Initial Results at the Jagger Zone from Resumed 2024 Diamond Drilling Program at its Kossou Gold Project
• September 17, 2024: Kobo Resources Resumes Diamond Drilling at its 100%-Owned Kossou Gold Project with 10,000-Metre Program Focused on High-Potential Gold Targets
• August 13, 2024: Kobo Resources Reports Final Gold Assay Results from its Initial Diamond Drill Program Highlighted by 14 m at 2.91 g/t Au and 6 m at 5.47 g/t Au from the Jagger Zone
What are your key goals for the next 3, 6 and 12 months?
3 Months:
• Complete the 10,000 m Diamond Drill program currently underway
• Assess drill results and plan for definition drill phase
• Complete the initial soil geochemical sampling program on the Kotobi license, with follow up trenching as required and mapping
6 Months:
• Achieve the financing objectives
• Commence a 40,000-50,000 m diamond drill program on the Kossou Gold Project
• Initiate Phase 2 of exploration program on Kotobi license
• Obtain exploration licenses for Bocanda South and Bocanda North totaling +/- 680 km2
• Evaluate potential acquisition opportunities in West Africa, focusing efforts in Côte d’Ivoire and Ghana
12 Months:
• Start first drill program on Kotobi licence
• Initiate maiden Mineral Resource Estimate on Kossou Gold Project (12+ months)
What do you see as the key risks and challenges facing your company at the moment and how are you overcoming these?
• Exploration and Market Volatility: As a junior gold exploration company, Kobo faces typical challenges inherent to early-stage exploration, including resource uncertainty and commodity price volatility. We manage these risks by maintaining a strategic, targeted approach to drilling in high-priority targets within known and productive greenstone belts in Côte d’Ivoire, guided by an experienced technical team.
• Funding and Capital Allocation: Securing capital for ongoing exploration is critical. Kobo has built strong relationships with key partners, including Mota-Engil/Luso Global Mining, which have supported our funding requirements and provided additional resources for scalable growth. This partnership is expected to allow us to scale efficiently, driving exploration value for our shareholders.
• Operational Challenges in Emerging Markets: Operating in Côte d’Ivoire requires navigating regulatory frameworks and local logistics. Kobo’s experienced in-country team, backed by a long-term relationship with local authorities and stakeholders, ensures compliance and operational continuity, helping us mitigate geopolitical and logistical risks.
What do you think makes your company such a compelling investment?
• Strategic Location: Kobo Resources’ Kossou Gold Project is positioned within one of Côte d’Ivoire’s most highly prospective gold belts, a region known for major discoveries and robust infrastructure. Our 100%-owned Kossou Gold Project provides significant exploration upside with recent promising, high-grade trenching and drill results and is located adjacent to a significant operating gold mine, helping to reduce infrastructure costs as the project advances.
• Strong Partnership with Mota-Engil/Luso Global Mining: Our strategic partnership with Mota-Engil/Luso Global Mining strengthens Kobo’s ability to scale and enhances our operational capabilities, a significant asset for a junior explorer. This partnership brings expertise, funding support, and logistical advantages.
• Focused Exploration with Proven Success: Kobo’s experienced technical team and disciplined exploration approach have yielded promising results, including high-grade intercepts across multiple gold targets, which underscore the Kossou Gold Project’s potential as a scalable gold asset. Our current 10,000 m diamond drilling program aims to expand and define our resource potential, aligning with our growth-focused model
What are the top 3 key investor takeaways?
1.High-Potential Gold Targets and Location Advantage: Located in one of Côte d’Ivoire’s most prolific gold belts, Kobo’s projects are well-positioned near infrastructure and adjacent to one of the country’s largest gold mines. This strategic advantage will allow Kobo to maximizing exploration upside while preserving capital.
2.Promising Exploration Results: Strong trenching and drill results at the Kossou Gold Project highlight broad zones of high-grade gold mineralization, laying the foundation for resource definition and expansion, thus creating long-term value and setting the stage for a monetizing event within 24 months.
3.Scalable Growth through Strategic Partnership: Backed by Mota-Engil/Luso Global Mining, Kobo is supported by a strong and reputable partner with resources and expertise to drive scalability, supporting Kobo’s vision for sustainable growth in West Africa and providing wide-ranging optionality in developing assets.