Highlights:
- Sustained UN and US commitment
- Democratically elected government since 2006
- Madame Ellen Johnson-Sirleaf is Africa’s first female Head of State
- US$16 billion foreign direct investment in the mineral oil and agricultural sectors
- Port and electricity grid being redeveloped in Monrovia
- Region is underexplored for gold
Liberia is geologically known as making up part of the Archaean Age craton called the Man Craton, which features rich gold deposits.
Man Craton: A new gold province
Aureus Mining has been actively exploring this area since 1998 when the Bea Mountain Exploration Licence was granted in 1998, covering an area of roughly 1,000km2. A Mineral Development Agreement for 25 years followed in 2001. The civil war between 2001 and 2003 limited exploration work, but exploration gained momentum once more after the democratic elections in 2005.
In 2009 a Class “A” mining licence was granted for a production area of 457km2 and definition drilling undertaken.
The New Liberty gold deposit is situated in an area of intensive alluvial gold mining, known as Gold Camp. The subsequent discovery of primary deposits up-stream led to the development of two major hard rock artisanal mining camps, Larjor and Kinjor.
The Gondoja Hills area is historically one of the most productive gold districts in western Liberia. A total of five diamond drill holes have now been completed at Gondoja.
Bea Mountain Mining Licence: Exploration Upside
