Blue Gold Ltd. engages in the sole purpose of effecting the transactions contemplated by the business combination agreement. Its flagship project is the Bogoso Prestea Mine in Ghana’s Ashanti Gold Belt. The Bogoso Prestea Mine is located in the Western Region of Ghana, approximately 200 kilometers (km) from the capital Accra and 50 km from the coast of the Gulf of Guinea. The Bogoso Prestea Mine includes an extensive underground mine complex, open pit mine, oxide CIL plant, tailings management facilities, and associated mine site infrastructure. The mine is classified as an exploration stage property that covers a strike length of approximately 42 km along the northern margin of the prolific Ashanti gold belt.
