LionGold Corp Ltd has rapidly established itself in the global gold mining industry having acquired interests in eight gold exploration and mining companies since March 2012. Primary concessions are in Australia, Ghana, Bolivia, and Canada. On 31 August 2014, LionGold announced that it entered into a share purchase agreement with Atlantic Gold Corporation for the 100% sale of Acadian Mining Corporation. The transaction is expected to close by the end of September 2014.
Through acquisitions and organic growth, we aim to raise gold resources to 10 million ounces, reserves to 2 million ounces, and production to 200,000 ounces per annum. LionGold is currently in the process of preparing an updated qualified person’s report in accordance with Rule 1207(21) of the Listing Manual of the SGX-ST and will provide updates on its reserves and resources in its annual report for the financial year ended 31 March 2014.