National Extractive Industry Transparency Initiative

Cluff Gold plc, has operations in Angovia project, Côte d’Ivoire. In October 2004, Cluff Gold successfully negotiated with the government of Côte d’Ivoire for the transfer of the exploration permit at Mt Yaoure after COGEMA decided to change their focus towards uranium deposits.

"LGL’s 85% owned Bonikro operation is located in the central-southern portion of the West African nation of Ivory Coast, approximately 240 kilometres north-west of the nation’s commercial capital Abidjan. The nearest regional town is Hiré, which is approximately 9 kilometres from the project. LGL acquired the Bonikro gold project in June 2008, through a merger with Equigold NL. Equigold had secured the Oumé project area in 1996. Gold mineralisation at Bonikro was discovered shortly after following geochemical soil sampling over the Oumé area. The gold-in-soil anomaly was subsequently drilled, culminating in resource estimation and pit optimisation studies. In July 2006, Equigold announced the completion of a bankable feasibility study at Bonikro. Final Board approval for the development of the project was granted in May 2007 and construction of the mine began that month. Commercial production commenced in August 2008. LGL holds 85% of the shares in Equigold Mines CI SA which in turn holds a 100% interest in the Bonikro gold project. The government of Ivory Coast holds a 10% interest in Equigold Mines CI SA, with the remaining 5% held by minority shareholders."