Canada-based Kobo Assets has entered into an earn-in settlement to increase its exploration in Côte d’Ivoire, specializing in the gold-rich Yakassé challenge.
This transfer aligns with the corporate’s technique to assess gold-bearing structural corridors within the area.
The gold exploration licence software for the Yakassé challenge, initially filed by Geoservices in February 2021, was later amended to extend the world from 67km² to 74.06km² at Kobo’s request in July 2025.
The challenge is strategically positioned close to different exploration websites together with the Nesdave allow and the Kuniboa software, enhancing its potential worth.
Located roughly 100km north-east of Abidjan, the Yakassé challenge is accessible through established roads and is in a area recognized for Birimian geological formations, which are sometimes related to gold deposits.
Below the settlement, Kobo Assets will collaborate with Geoservices on exploration actions, contingent upon Geoservices securing a analysis allow.
An preliminary cost of C$20,000 ($14,503.5) has been made by Kobo, with extra funds and share issuances outlined upon additional progress and approvals.
To accumulate a 90% curiosity within the Yakassé licence, Kobo Assets is dedicated to a phased funding totalling roughly C$719,500 over 4 years.
Every year’s funding correlates with an rising proportion of curiosity within the allow, culminating in a 90% stake by the fourth 12 months.
Ought to Kobo determine to pursue an exploitation licence, a three way partnership (JV) will probably be fashioned with Geoservices and the Authorities of Côte d’Ivoire, with Kobo holding the bulk share.
Moreover, Kobo retains the choice to extend its JV share by buying an additional 4% from Geoservices for C$2m.
The settlement additionally features a 1% internet smelter return to Geoservices, with Kobo having the choice to purchase again half of this royalty. Upon business exploitation, Geoservices is about to obtain extra firm shares, topic to regulatory approval.
Kobo Assets CEO and director Edward Gosselin mentioned: “Our earn-in settlement on the Yakassé Venture marks a significant step in Kobo’s technique to increase our exploration portfolio in considered one of Côte d’Ivoire’s promising gold areas. This challenge sits inside a structurally complicated and underexplored space that has already returned high-grade outcomes from previous drilling by respected operators.
“With its anticipated sturdy regional potential and well-developed infrastructure, the Yakassé Venture aligns with our long-term progress technique. Topic to the approval of the pending software, we sit up for advancing exploration on this challenge with Geoservices as we proceed unlocking new alternatives alongside the event of our flagship Kossou Venture.”
