African Gold Group achieves key permitting milestone in Mali

Editor's Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today's must-read news and expert opinions. Sign up here!

(Kitco News) -Yesterday, African Gold Group(TSX-V: AGG) announced that the Ministry of Environmental and SustainableDevelopment of the Republic of Mali has approved the Environmental and SocialImpact Assessment ("ESIA") for the Kobada gold project and issued an updatedEnvironmental Permit.

According to the company'sstatement, the ESIA marks a key milestone in the permitting process and is theculmination of extensive consultations and stakeholder engagement."The approval of the ESIA andissuance of the Environmental Permit is a major achievement for our company andbrings us to the final stages of the permitting process for Kobada," stated CEODanny Callow. "We would like to thank the government of Mali and its permittingbodies as well as our surrounding communities for the strong support they havedemonstrated for the project."

The company`s last milestoneat the Kobada gold project is the receipt of the environmental permit addendumfor the sulphide portion of the project.

The company added it iscontinuing to advance the project towards construction and receipt of theupdated environmental permit is one of the last crucial steps in that process.

African Gold Group is anexploration and development company with a focus on building Africa's nextmid-tier gold producer. The company's principal asset is the Kobada project insouthern Mali, which is in an advanced stage of development having completedthe 2021 DFS and is targeting gold production of 100,000 oz per annum with amine life of 16 years.

By Vladimir Basov

For Kitco News

Follow kitconewsnow vbasov@kitco.comwww.kitco.com Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

Monetary-driven precious metals outperform major base metals

Gold stocks hit by plunging equities markets

Gold stocks down as metal and equities momentum fades

Another Kazatomprom guidance announcement shakes uranium price

Major monetary drivers still supporting gold