African Gold Ltd. announced that exploration on the Agboville Project (the Project) in Côte d'Ivoire has discovered large outcropping pegmatite mineralisation on the Project area. The discovery was made as part of detailed mapping and sampling campaign across the Project, focusing on the identified contact zones between the greenstone belt and granite contacts occurring on the Project. Results received from the 2022 stream sediment sampling campaign on the Project have now confirmed coincident lithium, cesium, tantalum (LCT) anomalies on the Project.

LCT element anomalism, which is being demonstrated primarily by the elements lithium, cesium and rubidium at Agboville, is concentrated within and around the margins of two muscovite-bearing granites which intrude the Birimian rock sequences. This association provides a focus for follow-up exploration programs with further geological mapping, soils geochemistry and trenching planned to help define the extent of the newly defined pegmatites and to outline areas of lithium mineralisation. In addition, the stream sediment sampling has confirmed and extended the areas of known gold anomalism hosted by mafic and sedimentary rocks within the Project area, aligned along regional NNE-trending shear zones.

The company completed a stream sediment sampling program in 2022, taking 70 samples across targeted areas on the Agboville Project. The samples were submitted to the Bureau Veritas laboratory in Perth and multi element assays were completed across all samples. The Agboville Project is located in southeastern Cote d'Ivoire and is comprised of 3 permits, with the Agboville and Sikensi permits being granted and the Gomon permit in application.

The Project is over a total area of 1,187km2.