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Marvel Gold Limited, headquartered in West Perth, Australia, and founded in 2016, focuses on the exploration and development of gold deposits. The company's key asset is its 70% ownership of the Tabakorole gold project, which consists of ten exploration permits covering 830 square kilometers in southern Mali. Furthermore, Marvel Gold also possesses interests in the Yanfolila and Kolondieba gold projects, both situated in southern Mali. The company was rebranded to Marvel Gold Limited in July 2020, having previously been known as Graphex Mining Limited.
The market has virtually ignored the significant value added by Marvel Gold Ltd (ASX:MVL) from the spin-out of Evolution Energy Minerals Ltd (ASX:EV1), according to Bridge Street Capital Partners. At an enterprise value (EV) of $11 million, Bridge Street believes Marvel sits at a deep discount against three other pre-development Mali resource plays.
Marvel Gold Ltd has kicked off an expansive new drilling program at Tabakorole Gold Project in southern Mali. The company has 35,000 metres of drilling planned targeting discoveries and continued expansion of the Tabakorole resource.
Marvel Gold Ltd has delivered a busy September quarter, focusing primarily on the continued exploration and growth of the Tabakorole Gold Project in Mali. During the period, the company identified a new parallel lode at the Tabakorole Northwest Zone, opening the potential for additional ounces within the optimised pit shell.
Marvel Gold Ltd is celebrating today after hitting the one-million-ounce mark in a mineral resource upgrade for the Tabakorole Gold Project in Mali, West Africa. The precious metals explorer and project developer bolstered the resource's contained gold ounces by 12% after an exploration campaign uncovered shallow, high-grade gold zones.
Marvel Gold Ltd made considerable progress in FY21, securing an attractive portfolio of exploration assets and expanding its mineral resource at Tabakorole Gold Project. The Malian focused gold explorer has assembled a portfolio of five projects through a mix of acquisitions and joint ventures.