Trident Royalties PLC


Dandoko Gold Royalty

Trident owns a 1% net smelter return royalty (‘NSR Royalty’) over the Dandoko Permit located in western Mali, operated by B2Gold Corporation.

Dandoko Gold Royalty

Dandoko was acquired by B2Gold in September 2022 in a combined cash and equity deal valuing Oklo at A$91.3 million. At the time of the acquisition, B2Gold noted “The acquisition of Oklo is expected to provide B2Gold with an additional landholding of 1,405 km2 covering highly prospective greenstone belts in Mali, West Africa, including Oklo’s flagship Dandoko Project. B2Gold also noted “Significantly, B2Gold believes that approximately 65% of the resource is contained in soft oxidized material, which would be amenable to processing at B2Gold’s Fekola mill.”

Subsequent to the acquisition of Dandoko, B2Gold has announced significant anticipated investment in Dandoko associated with its 2023 Capital Investment Programme, which included:

  • $63 million to develop and equip the Anaconda and Dandoko projects; and
  • $16 million for haul road construction to Anaconda and Dandoko projects.

B2Gold has recently noted the potential for Fekola Regional assets (comprised of the Anaconda Area, Bakolobi and the Dandoko Permit) to support a standalone mill and oxide processing facility to be located at Anaconda. B2Gold has commenced an engineering study which be underpinned by Mineral Resources at Anaconda and Dandoko, contemplating processing of 4 million tonne per annum of oxide resources, which together with the existing Fekola Mine could increase production to more than 800,000 ounces of gold per year from the combined complex, subject to delineation of additional Mineral Resources and development, completion of feasibility studies, and the receipt of all necessary regulatory approvals and permits. Additionally, B2Gold has previously noted the potential for high grade material to be trucked from Fekola Regional and processed at the existing Fekola Mill.

B2Gold previously announced a US$35 million exploration budget with for Mali, of which the Dandoko permit is a focus. B2Gold spent US$6.6 million on exploration drilling at Dandoko in the six months ending 30 June 2023, and has previously stated the deposits comprising the Mineral Resources at Dandoko all remain open and are expected to grow with ongoing exploration drilling both along strike and at depth.

OperatorB2Gold Corporation Limited
Mine TypeOpen Pit

Resource Estimate (CIM Standards) – 100% Basis

Indicated8.19Mt @ 1.49g/t Au, for 390Koz Au
Inferred1.3Mt @ 0.79g/t Au, for 33Koz Au

Source: B2Gold Corporation Limited