Stellar AfricaGold and MetalsGrove Launch Joint Venture for Zuénoula Gold Project
Reuters
Dec 09, 2025
Stellar AfricaGold and MetalsGrove Launch Joint Venture for Zuénoula Gold Project
Stellar AfricaGold Inc. has announced that its wholly owned Ivorian subsidiary, Aucrest SARL, has entered into an Earn-In and Joint Venture Agreement with MetalsGrove CDI Pty Ltd, a subsidiary of ASX-listed MetalsGrove Mining Ltd. The partnership aims to advance the early-stage Zuénoula Gold Project in Côte d'Ivoire, covering an area of 395.78 square kilometers. Under the terms of the agreement, MetalsGrove will make an initial cash payment of US$50,000 and further payments tied to exploration milestones, including US$1 million upon achieving a JORC-compliant gold resource. The joint venture includes a management committee with representation from both parties and a commitment of US$3 million in partner-funded exploration expenditures by April 2029.
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