Company Profile
Pasofino Gold Limited is a Canadian-based mineral exploration company listed on the Toronto Venture Exchange under TSX.V:VEIN, and owns 100% of the Dugbe Gold Project in Liberia.
The 2,078 km2 Dugbe Gold Project (the “Project”) is in southern Liberia and situated within the southwestern corner of the Birimian Supergroup which is host to most West African gold deposits.
The Mineral Resource Estimate is dated 17 November 2021 with total Measured and Indicated of 3.3 Moz with an average grade of 1.37 g/t Au, and 0.6 Moz in Inferred.
The Project has a bankable feasibility study completed on it (July 2022), with a Mineral Reserve of 2.7M oz Au using $1,700 Au price; and delivers stellar economics.
Using the gold price sensitivity table from the feasibility study, the project has a low CapEx of US$435M; high post tax NPV5 of US$1.674B @ $2,700 Au price, and an IRR @ 54.3%, 14 year mine life, AISC of US$1,055 per oz Au and an average production profile of 171,000 oz Au per year for 14 year LOM, with over 200,000 oz Au pa for the first 5 years.
The company is fully funded and focused on updating the feasibility study in H2 2025; organizing project financing in Q4 2025 and making a construction decision and project financing in Q1 2026. Pasofino’s major shareholder is a division of Coris Bank, and they are committed to financing and developing the Dugbe project through to commercial production as quickly and efficiently as possible.
A technical report for the Dugbe Gold Project was prepared in accordance with National Instrument 43-101 and filed on SEDAR+ at www.sedarplus.com and on the Company’s website.
Corporate Speaker
Brett Richards
CEO & Executive Director
An experienced and accomplished natural resources Chief Executive with over 38 years of executive, senior and operational management; project development; and corporate business development in the mining and metals industry.
A high-energy, results driven leader with a degree in Engineering, Mineral Economics, and a Masters of Business Administration, Brett has superior knowledge of implementing dynamic change into the business with respect to: start-ups; mine construction, organizational and operational turnarounds and mergers/acquisitions, with world-wide business experience on 5 continents, and in over 30 countries.
Has served as the CEO of several London LSE and AIM, Toronto TSX and TSXV stock exchange-listed companies, and served as CEO of multiple private mining companies controlled by private equity firms or ultra-high net worth individuals; raising more than US$2B of capital from as little as $2M seed capital to as large as a US$270M corporate fund raising.
While focused for the last 20 years in Africa, Brett has lived and worked in Bukavu and Kolwezi, DRC; Bamako, Mali; Ouagadougou, Burkina Faso; and Freetown Sierra Leone.
Has previously sat as Chairman, Director and Committee Chair on multiple listed companies, and currently sits on four TSX company Boards.
Brett is the principal of a solely owned Mining Consulting firm – Richards Enterprises Inc. www.rei.capital with a family office in the Bahamas with over US$50M under management.
Company Website
TSXV: VEIN, OTCQB: EFRGF