Pasofino continues discussions with the interested party on a non-exclusive basis, facilitating the potential buyer’s efforts to secure financing for the acquisition, Hummingbird said.
“Pasofino has also expanded access to its data room to additional interested parties and is arranging preliminary site visits for those conducting due diligence as part of their assessment,” Hummingbird noted.
Pasofino has been looking to enhance the value of its Dugbe project by securing funding for the various optimization initiatives outlined in its feasibility study in 2022. These include a review of the initial capital cost and operating costs assumed in study and the mine’s energy supply.
The Dugbe project is situated within the Birimian geological province, which is host to the majority of West African gold deposits. The property covers 2,559 km2 and contains two deposits that are 4 km apart, both discovered by…
