{"id":19818,"date":"2025-07-31T23:56:42","date_gmt":"2025-07-31T23:56:42","guid":{"rendered":"https:\/\/businesstriumphs.com\/index.php\/2025\/07\/31\/kobo-resources-expands-its-regional-footprint-with-a-new-earn-in-agreement-on-the-prospective-yakasse-gold-project-in-cote-divoire\/"},"modified":"2025-07-31T23:56:42","modified_gmt":"2025-07-31T23:56:42","slug":"kobo-resources-expands-its-regional-footprint-with-a-new-earn-in-agreement-on-the-prospective-yakasse-gold-project-in-cote-divoire","status":"publish","type":"post","link":"https:\/\/businesstriumphs.com\/index.php\/2025\/07\/31\/kobo-resources-expands-its-regional-footprint-with-a-new-earn-in-agreement-on-the-prospective-yakasse-gold-project-in-cote-divoire\/","title":{"rendered":"Kobo Resources Expands its Regional Footprint with a New Earn-In Agreement on the Prospective Yakass\u00e9 Gold Project in C\u00f4te d\u2019Ivoire"},"content":{"rendered":"<\/p>\n<div>\u00a0<\/p>\n<p>\u00a0Kobo Resources Inc. (\u2018  Kobo\u2019  or the \u2018  Company  \u2018) (  TSX.V: KRI  ) is pleased to announce it has entered into a new earn-in agreement as part of its broader regional exploration strategy to evaluate prospective gold bearing structural corridors in C\u00f4te d\u2019Ivoire, West Africa. <\/p>\n<p>\u00a0<\/p>\n<p> This press release features multimedia. View the full release here:  https:\/\/www.businesswire.com\/news\/home\/20250731071790\/en\/ \u00a0<\/p>\n<p>\u00a0<\/p>\n<div>\u00a0<\/p>\n<p>Figure 1: Location Map Yakass\u00e9 Gold Project<\/p>\n<p>\u00a0<\/p>\n<\/div>\n<p>\u00a0<\/p>\n<p>\u00a0 Key Highlights \u00a0<\/p>\n<p>\u00a0<\/p>\n<p>\u00a0 Kobo has entered into an earn-in agreement (the \u2018Geoservices Earn-In Agreement\u2019) on a permit application with GEOSERVICES CI SA (\u2018Geoservices\u2019), a local Ivorian exploration company based in Abidjan, C\u00f4te d\u2019Ivoire \u00a0 on July 20, 2025 \u00a0<\/p>\n<p>\u00a0<\/p>\n<p>\u00a0 Adds 74.06 km\u00b2 of prospective exploration ground to the Company\u2019s portfolio, located within a regional gold corridor northeast of Abidjan, C\u00f4te d\u2019Ivoire in the Adzope Region \u00a0<\/p>\n<p>\u00a0<\/p>\n<p>\u00a0 The Yakass\u00e9 Project is supported by historical work from other operators, including Newmont Corp. (\u2018Newmont\u2019), confirming gold anomalies and multiple high-grade intercepts \u00a0<\/p>\n<p>\u00a0<\/p>\n<p> Edward Gosselin, CEO and Director of Kobo commented:  \u2018Our earn-in agreement on the  Yakass\u00e9 Project  marks a meaningful step in Kobo\u2019s strategy to expand our exploration portfolio in one of C\u00f4te d\u2019Ivoire\u2019s promising gold regions. This project sits within a structurally complex and underexplored area that has already returned high-grade results from past drilling by reputable operators. With its expected strong regional potential and well-developed infrastructure, the  Yakass\u00e9 Projec  t aligns with our long-term growth strategy. Subject to the approval of the pending application, we look forward to advancing exploration on this project with  Geoservices  as we continue unlocking new opportunities alongside the development of our flagship  Kossou Project  .\u2019 \u00a0<\/p>\n<p>\u00a0<\/p>\n<p>\u00a0 Geoservices \u2013 Earn-In Agreement Overview \u00a0<\/p>\n<p>\u00a0<\/p>\n<p>\u00a0 Geoservices  applied for a gold exploration license on February 23, 2021, in the Adzop\u00e9\/Yakass\u00e9-Attobrou departments which was updated and its perimeter increased at  Kobo\u2019s  request from 67 km  2  to 74.06 km  2  on July 17, 2025. The application is in the vicinity of the Nesdave permit (PR-0973 73.5 km  2  ) which is covered by another earn-in agreement signed in February 2025 as well as to the  Kuniboa  application (18.3 km  2  ) located next to the  Nesdave  permit (see Figures 1 &amp; 2). <\/p>\n<p>\u00a0<\/p>\n<p> Subject to  Geoservices  being granted a research permit for an initial four-year term, the Company and  Geoservices  will conduct the exploration activities. The Company has made an initial payment of C$20,000 upon the signing of the  Geoservices Earn-In  agreement following the update of the application. Another payment in the amount of C$10,000 will be made by the Company upon approval of the Application by the Interministerial Commission and a final payment of C$20,000 and, subject to the approval of the TSX Venture Exchange Inc., the issuance of 30,000 common shares of the Company to  Geoservices  upon it being granted by decree an exploration permit. <\/p>\n<p>\u00a0<\/p>\n<p> Once the exploration permit is issued by decree, the Company can acquire a 90% interest in the license over the first four years by investing a minimum of 295 million CFA F (approximately C$719,500). The first year requires an investment of 77 million CFA F or approximately C$187,800 to acquire an interest of 18% in the permit. The second year requires a minimum investment of 67 million CFA F (approximately C$163,400) to acquire an 19% interest in the exploration permit. The third year requires the Company to invest a minimum of 68 million CFA F (approximately C$165,853) for a 28% interest in the permit and the fourth year requires a minimal investment of 83 million CFA F (approximately C$202,400) for an additional 25% interest in the permit bringing the total to 90% over the four years. <\/p>\n<p>\u00a0<\/p>\n<p> In the event the Company elects to apply for an exploitation license (an \u2018  Exploitation License  \u2018) with respect to any of the properties covered under the  Geoservices Earn-In Agreement  , the Company and  Geoservices  will constitute a joint venture with respect to the exploitation of such property which will be held as to 81% by the Company, 9% by  Geoservices  and 10% by the Government of C\u00f4te d\u2019Ivoire. The Company will be entitled to purchase, at any given time, from  Geoservices  an additional 4% interest in the joint venture for a cash payment of C$2.0 million. <\/p>\n<p>\u00a0<\/p>\n<p> The  Geoservices Earn-In Agreemen  t grants a 1% net smelter return (\u2018  NSR  \u2018) to  Geoservices  with the Company retaining the right to buy back 50% of such 1% NSR in consideration of a C$1.0 million payment. Following commissioning of facilities to commercially exploit a discovery,  Geoservices  will also be entitled to receive, subject to approval of the TSX Venture Exchange (\u2018  TSXV  \u2018), 350,000 common shares of the Company\u2019s share-capital. <\/p>\n<p>\u00a0<\/p>\n<p> Subject to approval from the TSXV, Kobo will issue 30,000 common shares to  Geoservices  upon  Geoservices  being granted by decree an exploration permit. Such common shares will be issued to  Geoservices  pursuant to an exemption from the prospectus requirements of applicable Canadian securities laws and will be subject to a hold period of four months and one day. <\/p>\n<p>\u00a0<\/p>\n<p>\u00a0 Yakass\u00e9 Gold Project \u2013 Overview \u00a0<\/p>\n<p>\u00a0<\/p>\n<p> The  Yakass\u00e9 Project  is located approximately 100 km northeast of Abidjan and is easily accessible by paved and gravel roads. The 74.06 km\u00b2 permit application lies within a highly prospective region characterized by NE-SW trending Birimian metavolcanic and metasedimentary units intruded by granitoids. Gold mineralization in the area is structurally controlled, associated with shear zones and quartz veining, and has been the focus of significant historic artisanal and small-scale mining activity. <\/p>\n<p>\u00a0<\/p>\n<p> Previous exploration by reputable operators, including, most recently,  Newmont  (2007\u20132010), outlined widespread gold anomalies and confirmed the potential for mineralized systems at the  Yakass\u00e9 Project  .  Newmont\u2019s  work included extensive soil geochemistry, auger drilling, and over 3,500 metres (\u2018  m  \u2018) of reverse circulation (\u2018  RC  \u2018) drilling  1  . Several broad, near-surface gold intercepts were reported, including  44.0 m at 2.32 g\/t Au  ,  48.0 m at 1.20 g\/t Au  , and  20.0 m at 1.69 g\/t Au  , highlighting the strong mineral potential associated with NE-SW trending shear zones. Importantly, the Company believes the structural trends observed at Yakass\u00e9 may represent parallel systems to those present at its nearby  Nesdave  permit and  Kuniboa  application, underscoring the broader regional opportunity to consolidate and explore an underexplored but prospective gold corridor in southeastern C\u00f4te d\u2019Ivoire. <\/p>\n<p>\u00a0<\/p>\n<p>\u00a0 Nesdave Earn-In Agreements \u00a0<\/p>\n<p>\u00a0<\/p>\n<p> As announced on March 4, 2025, Kobo previously entered into earn-in agreements (the \u2018  Nesdave Earn-In Agreements  \u2018) with NESDAVE MINING SARL (\u2018  Nesdave  \u2018) with respect to two exploration licences, PR-0970 and PR-0973. <\/p>\n<p>\u00a0<\/p>\n<p> Pursuant to the  Nesdave Earn-In Agreements  , as amended on July 25, 2025, the Company can acquire (i) a 90% interest in the  PR-0970  license over the next four years by investing 550 million CFA F (approximately C$1.25 million), with 75 million CFA F (approximately C$171,500) being invested in the first year, and (ii) a 90% interest in the  PR-0973  license over the next four years by investing 555 million CFA F (approximately C$1.27 million), with 80 million CFA F (approximately C$183,000) being invested in the first year. <\/p>\n<p>\u00a0<\/p>\n<p> Furthermore, in the event  Kobo  elects to apply for an Exploitation Licence with respect to any of the properties covered under the  Nesdave Earn-In Agreements  ,  Kobo  and  Nesdave  will constitute a joint venture with respect to the exploitation of such property which will be held as to 80% by  Kobo  , 10% by  Nesdave  and 10% by the Government of C\u00f4te d\u2019Ivoire. <\/p>\n<p>\u00a0<\/p>\n<p> Finally, each of the  Nesdave Earn-In Agreements  grants a 1% NSR to  Nesdave  with the Company retaining the right to buy back 50% of such NSR in consideration of a C$1.0 million payment. Following the completion of a positive Feasibility Study leading to the issuance of an Exploitation License,  Nesdave  will also be entitled to receive (i) a bonus payment of C$1.00 per proven and probable ounce of gold discovered and (ii) subject to approval of the TSXV, 350,000 common shares of the Company\u2019s share-capital. <\/p>\n<p>\u00a0<\/p>\n<p> Subject to approval from the TSXV,  Kobo  will issue 60,000 common shares to  Nesdave  in connection with the execution of the  Nesdave Earn-In Agreements  . Such common shares will be issued to  Nesdave  pursuant to an exemption from the prospectus requirements of applicable Canadian securities laws and will be subject to a hold period of four months and one day. <\/p>\n<p>\u00a0<\/p>\n<p>\u00a0 Review of Technical Information \u00a0<\/p>\n<p>\u00a0<\/p>\n<p> The scientific and technical information in this press release has been reviewed and approved by Paul Sarjeant, P.Geo., who is a Qualified Persons as defined in National Instrument 43-101. Mr. Sarjeant is the President and Chief Operating Officer and Director of Kobo. <\/p>\n<p>\u00a0<\/p>\n<p>\u00a0 About Kobo Resources Inc.\u00a0\u00a0<\/p>\n<p>\u00a0<\/p>\n<p>\u00a0\u00a0Kobo Resources\u00a0 is a growth-focused gold exploration company with a compelling new gold discovery in C\u00f4te d\u2019Ivoire, one of West Africa\u2019s most prolific and developing gold districts, hosting several multi-million-ounce gold mines. The Company\u2019s 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\u2019s largest gold mines with established processing facilities. <\/p>\n<p>\u00a0<\/p>\n<p> With over 18,500 metres of diamond drilling, nearly 5,900 metres of reverse circulation (RC) drilling, and 5,900 metres of trenching completed since 2023, Kobo has made significant progress in defining the scale and prospectivity of its  Kossou\u2019s 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 mineralisation at the Jagger, Road Cut, and Kadie Zones. The latest phase of drilling has further refined structural controls on gold mineralisation, setting the stage for the next phase of systematic exploration and resource development. <\/p>\n<p>\u00a0<\/p>\n<p> Beyond  Kossou  , the Company is advancing exploration at its  Kotobi Permit  and is actively expanding its land position in C\u00f4te d\u2019Ivoire 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\u2019s common shares trade on the TSX Venture Exchange under the symbol \u2018KRI\u2019. For more information, please visit  www.koboresources.com  . <\/p>\n<p>\u00a0<\/p>\n<p> NEITHER THE TSXV NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSXV) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE. <\/p>\n<p>\u00a0<\/p>\n<p>\u00a0\u00a0 Cautionary Statement on Forward-looking Information: \u00a0\u00a0<\/p>\n<p>\u00a0<\/p>\n<p>\u00a0 This news release may contain \u2018forward-looking information\u2019 and \u2018forward-looking statements\u2019 (collectively, \u2018forward-looking statements\u2019) 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 predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as \u2018expects\u2019, or \u2018does not expect\u2019, \u2018is expected\u2019, \u2018anticipates\u2019 or \u2018does not anticipate\u2019, \u2018plans\u2019, \u2018budget\u2019, \u2018scheduled\u2019, \u2018forecasts\u2019, \u2018estimates\u2019, \u2018believes\u2019 or \u2018intends\u2019 or variations of such words and phrases or stating that certain actions, events or results \u2018may\u2019 or \u2018could\u2019, \u2018would\u2019, \u2018might\u2019 or \u2018will\u2019 be taken to occur or be achieved) are not statements of historical fact and may be forward-looking statements, including statements related to the issue of the common shares, the future development of the Company and the Company\u2019s plan with respect to the properties subject to the Geoservices \u00a0 Earn-In Agreement and the Nesdave Earn-In Agreements. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable as at the date of this news release, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements. Such factors include, but are not limited to: general business, economic, competitive, 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  www.sedarplus.ca  . There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on the forward-looking statements and information contained in this news release. Except as required by law, Kobo assumes no obligation and\/or liability to update the forward-looking statements of beliefs, opinions, projections, or other factors, should they change, except as required by law. \u00a0<\/p>\n<p>\u00a0<\/p>\n<p>\u00a0 1  Newmont Mining, Internal Report, Adzope License (Cot\u00e9 d\u2019Ivoire) Final Report, October 2010 <\/p>\n<p>\u00a0<\/p>\n<p>\u00a0<span><\/span>\u00a0<\/p>\n<p>\u00a0<\/p>\n<p>\u00a0<span> View source version on businesswire.com: <\/span>\u00a0<span>\u00a0 https:\/\/www.businesswire.com\/news\/home\/20250731071790\/en\/ \u00a0<\/span>\u00a0<\/p>\n<p>\u00a0<\/p>\n<\/p>\n<p>\u00a0<\/p>\n<p> For further information, please contact: <\/p>\n<p>\u00a0<\/p>\n<p> Edward Gosselin <br \/> Chief Executive Officer and Director <br \/> 1-418-609-3587 <br \/> ir@kobores.com \u00a0<\/p>\n<p>\u00a0<\/p>\n<p> Twitter: @KoboResources | LinkedIn: Kobo Resources Inc.\u00a0<\/p>\n<p>\u00a0<\/p>\n<\/div>\n<p>News Provided by Business Wire via QuoteMedia<\/p>\n<\/p>\n<div>This post appeared first on investingnews.com<\/div>\n","protected":false},"excerpt":{"rendered":"<p>\u00a0 \u00a0Kobo Resources Inc. (\u2018 Kobo\u2019 or the \u2018 Company \u2018) ( TSX.V: KRI ) is pleased to announce it has entered into a new earn-in agreement as part of its broader regional exploration strategy to evaluate prospective gold bearing structural corridors in C\u00f4te d\u2019Ivoire, West Africa. \u00a0 This press release features multimedia. View the [&hellip;]<\/p>\n","protected":false},"author":0,"featured_media":19819,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-19818","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investing"],"_links":{"self":[{"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/posts\/19818","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/comments?post=19818"}],"version-history":[{"count":0,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/posts\/19818\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/media\/19819"}],"wp:attachment":[{"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/media?parent=19818"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/categories?post=19818"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/tags?post=19818"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}