https://newsletter.mw.creamermedia.com
Exploration|Gold|PROJECT|Resources
Exploration|Gold|PROJECT|Resources
exploration|gold|project|resources

Pasofino engaging with companies for strategic review process

An image showing the Dugbe gold project, in Liberia

The Dugbe gold project, in Liberia

27th August 2024

By: Tasneem Bulbulia

Deputy Editor Online

     

Font size: - +

Canada-based mineral exploration company Pasofino Gold has reported that significant progress is being made with the ongoing strategic review process aimed at advancing the Dugbe gold project, in Liberia.

Pasofino, in which Aim-listed Hummingbird Resources owns a 53% interest, notes that the company is actively engaged in discussions with several interested parties, two of which have submitted nonbinding expressions of interest to acquire it.

A site visit has also taken place as part of this ongoing process.

The strategic review being conducted by Pasofino is focused on unlocking the full potential of the Dugbe project, with the objective of securing financing to advance the definitive feasibility study initiatives that started earlier this year.

Pasofino says it continues to engage with interested parties in the completion of their confirmatory due diligence and structuring to enable Pasofino and a third party to enter into a letter of intent or exclusivity agreement by the end of the third quarter of this year.

Thereafter, the intention is to enter into a definitive acquisition agreement in the fourth quarter of this year.

Pasofino confirms that it has not signed any binding documents in relation to any potential transaction and is engaged with the parties with respect to the terms of the offer letters. 

Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online

Comments

Showroom

Condra Cranes
Condra Cranes

ISO-certified Condra manufactures overhead cranes, portal cranes, cantilever cranes and crane components: hoists, drives, end-carriages, brakes and...

VISIT SHOWROOM 
Rittal
Rittal

Rittal is a world leading provider of top-quality integrated systems for enclosures, power distribution, climate control, IT infrastructure and...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Photo of Martin Creamer
On-The-Air (11/07/2025)
11th July 2025 By: Martin Creamer
PGMs, Coega Green Ammonia Project make headlines
PGMs, Coega Green Ammonia Project make headlines
11th July 2025
Magazine cover image
Magazine round up | 11 July 2025
11th July 2025

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.137 0.21s - 130pq - 2rq
Subscribe Now