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Montage Gold Corp.

TSX:MAULive AI agent

Montage Gold Corp.

Investor website: https://montagegold.com/

About

Montage Gold Corp. is currently building the Koné Project, one of the largest gold projects in construction worldwide, with a production profile of over 300,000 ounces per annum and a long mine life. The company aims to create a premier multi-asset African gold producer by advancing construction and exploration to deliver value for stakeholders.

Verified company data

Cash position
$14,968,634
Shares outstanding
405930817
Fully diluted shares
428801567
Mineral resource
The Koné Gold Project currently hosts 9 gold deposits, as shown in the table below, whereas only the Koné and Gbongogo deposits formed the basis of the Updated Feasibility Study (“UFS”) published in early 2024. Given the extensive land package encompassing over 52 identified targets, the approach undertaken is to systematically drill test best selected targets to confirm their potential and define starter resources to validate their high-grade content before undertaking larger step-out drilling campaigns. Consequently, 18 targets were drill tested in 2024, which successfully delineated starter resources for 7 higher grade satellite deposits, while another 6 targets have advanced to the pre-resource definition stage and are currently being followed up. **KONÉ PROJECT - APRIL 2025 MINERAL RESOURCE ESTIMATE - SUMMARY** | PIT | CLASSIFICATION | MINERAL RESOURCE ESTIMATE | | --- | --- | --- | | Mt | Au g/t | Au Moz | | --- | --- | --- | | **Koné deposit** | Indicated Resources | 245 | 0.57 | 4.49 | | Inferred Resources | 37 | 0.43 | 0.51 | | **Satellite deposits**<br>**(including Gbongogo)** | Indicated Resources | 16 | 1.38 | 0.72 | | Inferred Resources | 8.4 | 1 | 0.27 | | **Total** | Indicated Resources | **261** | **0.62** | **5.21** | | Inferred Resources | **45** | **0.54** | **0.78** | The April 2025 Mineral Resource Estimates (the “2025 MRE”) are reported in accordance with National Instrument 43-101 Standards Of Disclosure for Mineral Projects (“NI 43-101”) with an effective date of January 31, 2025 for satellite deposits and the Gbongogo deposit, and February 20, 2025 for the Koné deposit. Mineral Resource Estimates follow the Canadian Institute of Mining, Metallurgy and Petroleum (“CIM”) Definitions Standards for Mineral Resources in accordance with the NI-43-101. The 2025 MRE was prepared by Mr. Jonathon Abbott of Matrix Resource Consultants of Perth, Australia who is a Qualified Person as defined by NI 43-101. Rounding errors are apparent. The 2025 MRE are reported on a 100% basis and are constrained within optimal pit shells generated at a gold price of US$2,000/ounce. The estimates at are reported at gold cut-off grades of 0.20 g/t (Kone), 0.50g/t (Gbongogo, Koban North, Sena, Gbongogo South, Diouma North and Lokolo Main) and 0.60g/t (Yere North and ANV) Mineral Resources that are not Mineral Reserves do not have demonstrated economic viability. No Measured Resources have been estimated. See “Technical Disclosure” in press release dated April 8, 2025. **KONÉ PROJECT - APRIL 2025 MINERAL RESOURCE ESTIMATE - DETAIL** | DEPOSIT | MINERAL RESOURCE ESTIMATE | | --- | --- | | Mt | Au g/t | Au Koz | | --- | --- | --- | | **Koné deposit** | | | | | Indicated Resources | 245 | 0.57 | 4,490 | | Inferred Resources | 37 | 0.43 | 510 | | **Satellite deposits:** | | | | | **Gbongogo Main deposit** | | | | | Indicated Resources | 12 | 1.46 | 560 | | Inferred Resources | 0.07 | 0.89 | 2 | | **Gbongogo South deposit** | | | | | Indicated Resources | 1.7 | 1.2 | 66 | | Inferred Resources | 2.6 | 1.1 | 92 | | **Koban North deposit** | | | | | Indicated Resources | - | - | - | | Inferred Resources | 3.9 | 0.9 | 113 | | **ANV (Sissédougou) deposit** | | | | | Indicated Resources | 1.6 | 1.1 | 57 | | Inferred Resources | 0.88 | 1.1 | 31 | | **Yere North deposit** | | | | | Indicated Resources | 0.19 | 1.05 | 6.4 | | Inferred Resources | 0.43 | 1.1 | 15 | | **Lokolo Main deposit** | | | | | Indicated Resources | 0.3 | 1.61 | 16 | | Inferred Resources | 0.1 1 | 1.1 | 3.9 | | **Sena deposit** | | | | | Indicated Resources | - | - | - | | Inferred Resources | 0.42 | 1 | 14 | | **Diouma North deposit** | | | | | Indicated Resources | 0.38 | 0.95 | 12 | | Inferred Resources | 0.01 | 1 | 0.3 | | **Sub-total Satellites deposits** | | | | | Indicated Resources | 16 | 1.38 | 720 | | Inferred Resources | 8.4 | 1 | 270 | | **Total** | | | | | **Indicated Resources** | **261** | **0.62** | **5,210** | | **Inferred Resources** | **45** | **0.54** | **780** | The April 2025 Mineral Resource Estimates (the “2025 MRE”) are reported in accordance with National Instrument 43-101 Standards Of Disclosure for Mineral Projects (“NI 43-101”) with an effective date of January 31, 2025 for satellite deposits and the Gbongogo deposit, and February 20, 2025 for the Koné deposit. Mineral Resource Estimates follow the Canadian Institute of Mining, Metallurgy and Petroleum (“CIM”) Definitions Standards for Mineral Resources in accordance with the NI-43-101. The 2025 MRE was prepared by Mr. Jonathon Abbott of Matrix Resource Consultants of Perth, Australia who is a Qualified Person as defined by NI 43-101. Rounding errors are apparent. The 2025 MRE are reported on a 100% basis and are constrained within optimal pit shells generated at a gold price of US$2,000/ounce. The estimates at are reported at gold cut-off grades of 0.20 g/t (Kone), 0.50g/t (Gbongogo, Koban North, Sena, Gbongogo South, Diouma North and Lokolo Main) and 0.60g/t (Yere North and ANV) Mineral Resources that are not Mineral Reserves do not have demonstrated economic viability. No Measured Resources have been estimated. See “Technical Disclosure” in press release dated April 8, 2025.
Projects
["Koné Project: The Koné project ranks as one of the highest quality gold projects in Africa given its sizeable low-cost production and long mine life. Expected first gold pour in late Q4-2026, with +3,000 jobs created and a targeted production profile of +300 kozpa. The project has 90% ownership and a current mine life of 16 years based on only 2 deposits while 9 have been discovered. The project is ahead of schedule and on-budget. The history of the project includes the application for the Koné Exploration Permit submitted in 2008, identification of a 2.6 km gold-in-soil anomaly in 2009, preliminary drill programme in 2009, resource definition drilling starting in 2018, and various assessments and updates leading to the current feasibility study published in January 2024. The project is located approximately 350 kilometres north-west of Yamoussoukro, Côte d’Ivoire, and approximately 600 kilometres north-west of Abidjan. The exploration potential includes 7 mineralised trends hosting more than 50 identified targets, with mineralization confirmed at all targets drill-tested so far. The exploration programme is focused on infill and extension drilling, advancing pre-resource targets, and testing new targets across the project’s extensive land package.","Didievi Project: Our Didievi project, located in Côte d’Ivoire, is a high-quality resource-stage opportunity subject to ongoing exploration programmes.","Wendé Project: The Wendé advanced greenfield exploration property, located in Côte d’Ivoire, is an early stage exploration opportunity providing the potential to source the next project organically.","Mauritania Project: Our Sfariat and Zednes exploration properties consist of five greenfield exploration permits in a highly prospective region of Mauritania."]
Leadership
Martino De Ciccio (Chief Executive Officer, Mining executive with 20 years of experience in driving value creation and transformational growth. Previously held senior leadership roles at Endeavour Mining, recognized as one of the 20 most influential people in the African mining sector by Africa Business+ in 2025.), Peder Olsen (President & Chief Development Officer, Over 15 years of experience in project development and operational roles within the mining sector, known for advancing large-scale projects in West Africa.), Silvia Bottero (Executive Vice President of Exploration, More than 20 years of experience in the mining industry with a strong track record in making economic discoveries and developing projects, previously Senior Vice President of Exploration at Endeavour Mining.), Constant Tia (Chief Financial Officer, Over 18 years of experience in the mining industry with expertise in financial reporting and overseeing major capital projects, previously regional Chief Financial Officer for Kinross Gold Corporation.)

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