Resolute, Nimba Mining partner to advance gold exploration in Guinea

Resolute Mining (ASX, LSE: RSG) said on Monday it has partnered with Guinean state-owned Nimba Mining Company (NMC) on the co-development of mining projects across one of West Africa’s most prospective gold regions.

The partnership will focus on jointly assessing mineral resources, conducting comprehensive geological studies and developing strategic frameworks for potential large-scale gold production operations, the companies said in a joint statement.

“This partnership with Resolute will allow NMC to launch its gold projects in accordance with the state’s guidelines indicated in the Simandou 2040 program and the vision of the Ministry of Mines and Geology as NMC’s technical supervisor,” NMC chief executive Patrice L’Huillier said in a news release.

“Choosing the option of co-developing mining projects with Resolute will strengthen the share of local content in Guinea’s mining ecosystem.”

The agreement represents NMC’s first collaboration with an international listed company operating in the gold sector. It underscores the commitment of both parties to developing the gold sector in Guinea in a responsible and sustainable manner, the companies said.

“We are delighted to have been selected by NMC and the Guinean government for the co-development of gold projects in Guinea,” Resolute Mining’s CEO Chris Eger added.

“This partnership reflects our commitment to invest in Guinea – a jurisdiction that we believe has the potential for Resolute to develop a fourth mine – and to share value with all stakeholders for sustainable projects.”