Goldrange is an acquisition driven private resource company with a well funded treasury and a focus to quickly assemble a portfolio of highly prospective projects. The Company’s initial focus is on gold projects in Africa and is well positioned to pursue opportunities in other metals and jurisdictions, including new economy EV metals.
Côte d'Ivoire has the fastest growing economy in Africa. With a 9% economic growth rate the country is achieving a diversified economy and has been named the top destination for investment in West Africa. The country has achieved monetary stability largely due to its membership in the West African Economic and Monetary Union and the CFA franc zone, additionally the country has received praise from World Bank and IMF. Côte d'Ivoire introduced a revised Mining Code in 2014 which is supportive of the mining industry. The country’s political and economic stability serve as a catalyst for exploration and mining investment. Côte d'Ivoire has a rapidly growing annual gold production with 41t of gold produced from 6 mines in 2021. Goldrange Resources has secured two projects within the highly prospecive West African Birimian Greenstone Belts. Both projects are structurally controlled orogenic gold deposits.
Tanzania is a land rich in minerals and is the fourth largest gold miner in Africa. Mining makes up more than 50% of the country's total exports, of which a large part comes from gold. The country has gold reserves of 10 million ounces, generating significant revenue. In 2017 the late Tanzanian President Magufuli imposed punitive laws on the mining industry, including higher mineral export taxation and goverment interests. These laws caused huge disinvestement in the secor. However, following the death of President Magufuli in March 2021 Tanzania saw a cabinet reshuffle and the formation of a new Ministry of Investment, Industry, and Trade. The new government under President Samua Suluhu has pledged its commitment to new framework agreements and development of the mining sector. This can be seen by BHP's recent $50m investement into Kabanga nickel and OreCorps re-emergence. Goldrange Resources has secured a majority shareholding in an ealy stage project within Tanzania's multi-million ounce Greenstone Belt of the Lake Victoria Goldfields.