Kobo Resources Expands Exploration Portfolio in Côte d’Ivoire with New Earn-In Agreements and License Applications QUEBEC CITY, QC – Kobo Resources Inc. ("Kobo” or the "Company") (TSX.V: KRI) is pleased to announce the expansion of its exploration strategy in Côte d’Ivoire through new earn-in agreem
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PRESS RELEASE MARCH 4, 2025
Kobo Resources Expands Exploration Portfolio in Côte d’Ivoire with
New Earn-In Agreements and License Applications
QUEBEC CITY, QC – Kobo Resources Inc. ("Kobo” or the "Company") (TSX.V: KRI) is pleased to
announce the expansion of its exploration strategy in Côte d’Ivoire through new earn-in agreements and
license applications, enhancing its opportunity in one of West Africa’s most prospective gold regions.
Key Highlights
• New Earn-In Agreements: Kobo has entered into two earn-in agreements with NESDAVE MINING
SARL (“Nesdave”), a local Ivorian exploration company based in Abidjan, Côte d’Ivoire, adding
166.78 km² of exploration ground in highly prospective Côte d’Ivoire
• Increased Regional Presence: Kobo has established KUNIBOA MINING Co. (“Kuniboa”) with
local partners, holding a 40% stake as its largest shareholder; through Kuniboa, the Company has
applied for two additional exploration licenses totaling 181.59 km², further expanding its footprint in
Côte d’Ivoire
• Long-Term Growth Strategy: Strategy aligns with Kobo’s commitment to expanding its
exploration portfolio and exploring for and advancing new gold discoveries in Côte d’Ivoire
Edward Gosselin, CEO and Director of Kobo commented: “Expanding our exploration footprint in Côte
d’Ivoire is a key element of Kobo’s long-term growth strategy, and these new earn-in agreements and
license applications provide additional opportunities to build on our exploration success.” He continued: "
Côte d’Ivoire remains a highly prospective region for gold exploration, and securing additional land position
supports our long-term strategy of systematically evaluating and advancing new target areas in-country.
With our continued progress at Kossou, advancing Kotobi, and securing new ground, we remain committed
to growing Kobo’s portfolio in one of West Africa’s most promising gold districts.”
Figure One: Overview of Kobo’s Land Position in Côte d’Ivoire
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Nesdave Earn-In Agreements Overview
Nesdave was granted two gold exploration licenses by Presidential Decree on December 5, 2024, each
with a four-year term and is operated by three experienced Ivorian geologists.
The first exploration license (PR-0970) covers 93.28 km2 and is located in the Agnibilékrou Department.
The permit is located on the eastern border of Côte d’Ivoire next to Ghana. The Company can acquire a
90% interest in the license over the next four years by investing $550 million CFA F (approximately C$1.25
million). The first year requires and investment of $75 million CFA F or approximately $171,500. The
Company has agreed to pay an upfront fee of USD$30,000 and grant Nesdave 30,000 common shares of
its share-capital.
The second exploration license (PR-0973) covers 73.5 km2 and is located in the Adzopé, Alépé and
Yakassé-Attobrou Departments. The permit sits in the southeast part of Côte d’Ivoire. The Company has
the opportunity to acquire a 90% interest in the license over the next four years by investing $550.0 million
CFA F (approximately C$1.25 million). The first year requires and investment of $75 million CFA F or
approximately C$171,500. The Company has agreed to pay an upfront fee of USD$30,000 and grant
Nesdave 30,000 common shares of its share-capital.
Each earn-in agreement grants a 1% net smelter return (“NSR”) to Nesdave with the Company retaining
the right to buy back 50% of the NSR in consideration of a C$1.0 million payment and receive 350,000
common shares of the Company’s share-capital. Nesdave will also be entitled to receive a bonus payment
of C$1.00 per proven and probable ounce of gold discovered following the completion of a positive
Feasibility Study leading to the issuance of an Exploitation License.
Kuniboa Applications Overview
The Kuniboa applications for gold exploration licenses are located appropriately 40 and 60 km from the
Company’s Kotobi license. The first license covers 163.25 km2 and the second exploration license
application covers 18.34 km2, being contiguous to the north of PR-0973 referenced above. The Company
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intends for Kuniboa to advance these applications through submission to the Inter-Ministerial Commission,
with final approval expected by Presidential Decree in 2025.
About Kobo Resources Inc.
Kobo Resources is a growth-focused gold exploration company with a compelling new gold discovery in Côte d'Ivoire,
one of West Africa’s most prolific and developing gold districts, hosting several multi-million-ounce gold mines. The
Company’s 100%-owned Kossou Gold Project is located approximately 20 km northwest of the capital city of
Yamoussoukro and is directly adjacent to one of the region’s largest gold mines with established processing facilities.
With over 15,000 meters of diamond drilling, nearly 5,900 meters of reverse circulation (RC) drilling, and 5,900 meters
of trenching completed since 2023, Kobo has made significant progress in defining the scale and prospectivity of its
Kossou’s Gold Project. Exploration has focused on multiple high-priority targets within a 9+ km strike length of highly
prospective gold-in-soil geochemical anomalies, with drilling confirming extensive mineralization at the Jagger, Road
Cut, and Kadie Zones. The latest phase of drilling has further refined structural controls on gold mineralization, setting
the stage for the next phase of systematic exploration and resource development.
Beyond Kossou, the Company is advancing exploration at its Kotobi Permit and is actively expanding its land position
in Côte d'Ivoire with prospective ground, aligning with its strategic vision for long-term growth in-country. Kobo remains
committed to identifying and developing new opportunities to enhance its exploration portfolio within highly prospective
gold regions of West Africa. Kobo offers investors the exciting combination of high-quality gold prospects led by an
experienced leadership team with in-country experience. Kobo’s common shares trade on the TSX Venture Exchange
under the symbol "KRI”. For more information, please visit www.koboresources.com.
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For further information, please contact:
Edward Gosselin
Chief Executive Officer and Director
1-418-609-3587
X: @KoboResources | LinkedIn: Kobo Resources Inc.
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looking statements”) within the meaning of the applicable Canadian securities legislation. All statements, other than
statements of historical fact, are forward-looking statements. Any statement that involves discussions with respect to
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political and social uncertainties; the inherent risks involved win the exploration and development of mineral properties;
unanticipated costs and expenses; the delay or failure to receive board, shareholder or regulatory approvals; and other
risk factors listed from time to time in our documents filed with Canadian securities regulators on SEDAR+ at
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