Australia’s Castel Minerals to Acquire First Mining Assets in Côte d’Ivoire

Australian mining company Castel Minerals is set to enter Côte d’Ivoire with the acquisition of Mineralis and seven high-potential gold permits, strengthening its expansion strategy in West Africa alongside its projects in Ghana.

On August 21, Castel Minerals announced the signing of a binding agreement to acquire Mineralis Ltd, a UK-registered company active in gold exploration in Côte d’Ivoire. The deal, which includes the acquisition of 90% of seven permits six of which are still under negotiation with Ivorian authorities marks the group’s first entry into the country.

The permits are located along the Ivorian Ghanaian border, within the Birimian greenstone belt, a region well known for its strong gold potential. Castel Minerals highlighted that these licenses are geologically aligned with flagship projects such as the Afema and Tanda gold mines in Côte d’Ivoire and will complement its already substantial portfolio in Ghana.

“The acquisition of Mineralis Ltd gives us an immediate presence in Côte d’Ivoire, one of the most dynamic gold markets on the continent,” said Stephen Stone, Executive Chairman of Castel Minerals.

Already established in Ghana with four mining projects, including three gold-focused operations in the country’s northwest, Castel Minerals is strengthening its growth strategy in West Africa through this acquisition. Côte d’Ivoire, which is increasingly positioning itself as a prime destination for gold investments, offers the Australian company an opportunity to expand its regional footprint and diversify its growth sources.