History & Structure
September 2017
Formation and focus of the company
The Company is a UK registered public company incorporated in September 2017 as a holding company for the Group. Prior to incorporation of the Company, the parent company of the Group was Indo Gold Limited (IGL), an unlisted Australian company, which is now a [wholly owned] subsidiary.
The Group has been established to explore and develop the highly prospective Bhukia Project located in the State of Rajasthan in India, and continue to explore its prospective West African assets located in Burkina Faso and Mali.
Professinals
The Board and management team consist of highly experienced and commercially successful multidisciplinary professionals.
Strategic Approaches to Asset Development
Active and passive portfolio management
In addition to the active portfolio of exploration assets, the Group also has a passive portfolio of projects through minority shareholdings in unlisted companies, which are non-core and will be nurtured for harvest at an appropriate time.
“IGMPL”
In India, Indo Gold Mines Pvt Ltd
The joint venture agreement gives IGL the right to explore and develop mining projects on mineral properties held in trust for the JV. This includes the Bhukia project in the State of Rajasthan and the Taregaon project in the State of Madhya Pradesh.
A company formed in India in 2005 to incorporate a joint venture arrangement between:
Holds a 70% stake in the joint venture
Controls the remaining 30% stake
Joint Ventures
West Africa Ventures and Portfolios
The Company holds three joint venture agreements for gold projects in West Africa and manages both active and passive portfolios, with minor non-controlling interests in the latter.