Kobo Resources Inc.

Primary ticker: TSXV:KRI (In process of completing RTO)
Stage of development: Exploration
Primary minerals: Gold 
Project to promote: Kossou Gold Project
Project location: Côte d’Ivoire
Website: www.kobores.com
Corporate Presentation: Click here

Kobo Resources Inc. is a Canadian based gold exploration company with its key assets underlain by the highly prospective, but under explored Birimian Formation rocks in Cote d’Ivoire. Our flagship project, the Kossou Project, lies immediately adjacent to the Yaouré Gold Mine operated by Perseus Mining that went into commercial production in 2021. The Kossou Project hosts significant new gold discoveries highlighted with significant rock sampling, trenching and strong gold in soil geochemical anomalies covering a combined strike length of +4 kilometers with widths in excess of 500 m – all new and previously unexplored gold targets.

Kobo’s primary objective is to focus on the exploration and development of the Kossou Project, (permit PR0852) which covers 147.365 km2. The Kossou Project is located in the Yamoussoukro and Bouaflé regions of central Côte d’Ivoire. The permit is located approximately 22 km to the northwest from the capital Yamoussoukro and 250 km from the financial capital of Abidjan. Importantly, the key gold showings are located within 6 to 10 kilometers of the Yaouré open pits and process facilities.

The primary target, the Road Cut Zone, is located within 6 km of the Yaouré mine infrastructure and boasts initial rock sampling results of 4.49 g/t Au over 18 m. The Jagger Zone represents a series of rock and soil anomalies to the south of The Road Cut Zone and represent additional opportunity for discovery. Significant geological and structural mapping, soil geochemistry and drone magnetic surveying has been completed and the project is drill ready. The Kossou Project shows many similarities to the geological controls, alteration and mineralisation styles as seen at Yaouré. New observations of gold mineralisation associated with a sheared contact between volcanics and volcano-sedimentary rock units illustrate the potential for large scale gold mineralisation.

Field work in 2022 focused on continued geological mapping, trenching and extension of the soil geochemical program based on previous results and current observations. In 2023 the Company plans to initiate it’s maiden drill program with RC drill holes exploring the well defined Road Cut Showing and testing trenching and geochemical targets within the Jagger Zone. The company expects to drill approximately 3,000 m in a Phase 1 program in early 2023.

The Yaouré Gold Deposit is reported to contain gold resources (Measured and Indicated) of 2.21 million ounces (47.9 million tonnes @1.37 g/t Au), with 1.6 million ounces in Proven and Probable Reserve. The most recent feasibility study completed on the project concluded an 8.5-year mine life with an all-in sustaining cost of $745 per ounce www.perseusmining.com).

Kobo’s land package includes another permit (Bongouanou) covering 302 km2 and as well as 3 other pending applications totalling 1068 km2, all within the same regional area of Bongouanou.

Major shareholders:

High Net Worth Individuals – 35% Pre-IPO
Management Ownership – 65% Pre-RTO

Management Profile

Edouard Gosselin – Director, CEO and Corporate Secretary
Mr. Edouard Gosselin is an attorney, member of the Québec Bar Association since 1984 and throughout his career exclusively in private practice represented financial institutions, corporations and individuals before the courts mainly in commercial law, banking and bankruptcy, reorganizations and start-ups in tech and industrial sectors. Mr. Gosselin is also President of EG Industrial Solutions Ltd. since August 2011, a Québec-City based management-consulting and manufacturing company in specific industries. Mr. Gosselin was director of Wanted Technologies Inc. from 1999 to 2004, President of Gotar Technologies from 1999 to 2011 and Vice-President of Sawnode Technologies Ltd from 2011 to 2017 inclusively. Mr. Gosselin earned a Bachelor of Social Sciences, Conc. Political Science from Ottawa University (1980) and a License in Civil Law (L.L.L.) from Ottawa University (1983). Mr. Gosselin has been involved in Côte d’Ivoire for nearly 10 years and is currently the General Manager of Kobo Ressources C.I.
Paul Sarjeant – Director, President and COO
Mr. Paul Sarjeant is a mining professional having been involved in mining and exploration for over 35 years. He is the President and owner of Doublewood Consulting Inc., a consulting company with a focus on geological and management consulting to the mining industry from August 2006 until February 2019. Prior to that he worked for 15 years with Echo Bay Mines. He was Manager, geology at Largo Resources, a Canadian mining company with an active mining operation in Brazil. Mr. Sarjeant serves as a board member to several junior mining companies and is currently President of the Corporation. He also serves on the board of directors of Global Energy Metals Inc (GEMC.V) and Ares Strategic Mining Inc (ARS.V). He is a member in good standing with the Association of Professional Geoscientists of Ontario. He graduated in 1983 from Queen’s University, Kingston Ontario with a BSc, (Honours) in Geological Sciences. Mr. Sarjeant has been involved in Côte d’Ivoire since 2015.

What is your rationale for taking part in 121 Mining Investment?

Looking for strategic investors that have an understanding of West African mining and more specifically Côte d’Ivoire. We are in the process of completing an IPO.

What are your key goals in 3 months, 6 months, 12 months?

3 Months:
Complete RTO by January 15, 2023

6 Months:
Start of a drill program in Q1 2023

12 Months:
Expand the drill program at Kossou, enhance preliminary exploration on the Bongouanou license and secure the Mbatto license currently pending.

What do you see as the key risks and challenges facing your company at the moment and how are you overcoming these?

The key risk is capital. We are addressing this issue through an RTO.

What do you think makes your company such a compelling investment?

Very close proximity (6km) to an existing gold mine with similar geology.

What are the top 3 key investor takeaways?

Proximity to Yaouré gold deposit. Similar regional geology. High potential for a liquidity event within 24-36 months of funding.