Our principle assets are the 70% interest in the Muchesu Coal project in Zimbabwe and our 100% owned Garalo-Ntiela Gold Project in Mali. (LON:CGO)
Zimbabwe
Joined June 2020
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๐ฅ๐ฒ๐ฐ๐ฒ๐ถ๐ฝ๐ ๐ผ๐ณ ยฃ๐ฑ๐บ ๐ณ๐ฟ๐ผ๐บ ๐๐ต๐ฒ ๐ฆ๐๐ฏ๐๐ฐ๐ฟ๐ถ๐ฝ๐๐ถ๐ผ๐ป
#CGO confirms receipt of ยฃ5m from the Subscription of shares at the issue price of 1.11 pence, a premium of approx 80% from the closing price as at 27 August 2026.
londonstockexchange.com/newsโฆ
๐ฅ๐ฒ๐๐๐น๐๐ ๐ผ๐ณ ๐๐ต๐ฒ #CGO ๐๐ฒ๐ป๐ฒ๐ฟ๐ฎ๐น ๐ ๐ฒ๐ฒ๐๐ถ๐ป๐ด
๐ฅ๐๐น๐ฒ ๐ต ๐ช๐ฎ๐ถ๐๐ฒ๐ฟ & ยฃ๐ฑ ๐บ๐ถ๐น๐น๐ถ๐ผ๐ป ๐ฆ๐๐ฏ๐๐ฐ๐ฟ๐ถ๐ฝ๐๐ถ๐ผ๐ป
londonstockexchange.com/newsโฆ
๐ข The Circular relating to the proposed ยฃ๐ฑ ๐บ๐ถ๐น๐น๐ถ๐ผ๐ป ๐ฆ๐๐ฏ๐๐ฐ๐ฟ๐ถ๐ฝ๐๐ถ๐ผ๐ป ๐ฎ๐ป๐ฑ ๐ฅ๐๐น๐ฒ ๐ต ๐ช๐ฎ๐ถ๐๐ฒ๐ฟ has now been published and posted to #CGO shareholders.
The Circular includes full details of the proposed ยฃ5m investment at 1.11p
londonstockexchange.com/newsโฆ
Proposed ยฃ5m Strategic Subscription at 39% Premium
#CGO has received a proposal from strategic investors Pacific Goal Investments (PGI) and Huo Investments to subscribe for ~ยฃ5 million at 1.11p per share โ a 39% premium to the 12 Feb mid-market close.
londonstockexchange.com/newsโฆ
๐ข #CGO confirms registration of PGI as 51% owner and operator of the Muchesu Project, alongside receipt of US$1,000,000
This marks a major milestone in advancing the +2bn tonne Muchesu coal project in Zimbabwe and strengthening our strategic partnership
londonstockexchange.com/newsโฆ
๐๐ถ๐ฟ๐ฒ๐ฐ๐๐ผ๐ฟ ๐ฆ๐ต๐ฎ๐ฟ๐ฒ ๐ฃ๐๐ฟ๐ฐ๐ต๐ฎ๐๐ฒ
#CGO announces that NED Oliver Stansfield, purchased 4,803,334 ordinary shares in the Company on market, at a price of 0.8p
Following this share purchase, Oliver Stansfield holds 18,000,000 Shares (2.4%)
londonstockexchange.com/newsโฆ
๐ฉ๐ฎ๐ฟ๐ถ๐ฎ๐๐ถ๐ผ๐ป ๐๐ผ ๐ฆ๐๐ฟ๐ฎ๐๐ฒ๐ด๐ถ๐ฐ ๐ฃ๐ฎ๐ฟ๐๐ป๐ฒ๐ฟ๐๐ต๐ถ๐ฝ ๐ณ๐ผ๐ฟ ๐ ๐๐ฐ๐ต๐ฒ๐๐
#CGO brings notable operator and developer Pacific Goal into Muchesu development
londonstockexchange.com/newsโฆ
We are pleased to advise that Mr Daniel dos Santos has been appointed to the Board of #CGO as Chief Executive Officer.
In June 2024, Mr Dos Santos was appointed as a director of Monaf Investments, the in-country operating company of the Muchesu project.
londonstockexchange.com/newsโฆ
โโฆWork and capital investment has continued at Muchesu since our last update, including the commencement of installation of coke batteries. An additional RNS will be made addressing operational activitiesโฆโ
#CGO CEO Carl Esprey.
londonstockexchange.com/newsโฆ
๐๐ป๐ถ๐๐ถ๐ฎ๐น ๐จ๐ฆ$๐ญ๐ ๐ฅ๐ผ๐๐ฎ๐น๐๐ ๐ฃ๐ฎ๐๐บ๐ฒ๐ป๐ ๐ฅ๐ฒ๐ฐ๐ฒ๐ถ๐๐ฒ๐ฑ
We are pleased to advise since February 2025 #CGO have received further royalty payments.
We are currently finalising the payments schedule of the second US$1,000,000 payment.
londonstockexchange.com/newsโฆ
We can announce certain changes to the #CGO Board.
โโฆAs the Company evolves, so too should its Board. Today's changes are the first steps in positioning the Company for future expansion as a listed plcโฆโ
CEO Carl Esprey
londonstockexchange.com/newsโฆ
Strategic Investor Increases Ownership in Muchesu by Purchasing Minority Holding
ย
โThis should provide shareholders with further confidence of the Investor's focus on the development of the Muchesu Project and its inherent valueโ
#CGO CEO Carl Esprey
londonstockexchange.com/newsโฆ
Unaudited #CGO Interim Results for the six months to 30 November 2024
londonstockexchange.com/newsโฆ
We are pleased to confirm we have now received a further royalty payment of US$300,000.
This brings the total royalty receipts to date for #CGO under the previously reported Mineral Royalty Agreement with Huo Investments to US$500,000.
londonstockexchange.com/newsโฆ
We have today published a Prospectus, enabling the completion of the previously reported Subscription by Huo Investments, who will become #CGOโs largest shareholder.
londonstockexchange.com/newsโฆ
We are pleased to confirm that we have now received the first royalty payment of US$200,000 and expect to receive a further US$800,000 this month.
Combined these will bring total #CGO royalty receipts to US$1,000,000 as envisaged and previously reported.
londonstockexchange.com/newsโฆ
The new operators overseeing the recently completed DMS plant.
#CGO's switch to a royalty model not only lowers commodity risk & cost inflation exposure, but ensures operatorship is assumed by highly-experienced, well capitalised partners focused on boosting production & sales
๐๐๐ฌ๐ญ๐จ๐ซ๐๐ญ๐ข๐จ๐ง ๐จ๐ ๐๐ซ๐๐๐ข๐ง๐
Following the publication of our Annual Report for the year ending 31 May 2024 on 22 November 2024โฆthe Company's #CGO shares will be restored to trading on the Main Market of the @LSEplc today.
londonstockexchange.com/newsโฆ
Overview of the newly constructed DMS plant capable of procession 3,000t per day of coking coal
#CGO #MiningNews #CokingCoal
Testing earlier this month at the now operational DMS plantโฆ
#CGO #MiningNews
londonstockexchange.com/newsโฆ