Interpreting Maiden Resources: African Gold’s Estimate - Optimism or Overreach?

This July, Crux Investor turns its attention to African Gold (ASX: A1G) and its flagship Didievi project in Côte d’Ivoire, following the company’s recently updated mineral resource estimate. Our latest Analyst’s Notes takes a closer look at the data and disclosures behind this fast-growing West African explorer.

The company’s updated MRE for the Blaffo Guetto prospect, announced in June 2025, has drawn interest across the market. With a significant increase in reported resources and a major strategic investment secured, African Gold is positioning itself as a key player in one of West Africa’s most active greenstone belts. But how well are the underlying assumptions, methodologies, and disclosures aligned with investor expectations?

The Lowdown

In this month’s Analyst’s Notes, we review African Gold’s 2025 mineral resource update and place it in the context of the company’s broader development trajectory. From drill density and estimation techniques to geological interpretation and reporting clarity, our review highlights key questions that informed investors may wish to consider.

We also revisit previous drill campaigns and company announcements to assess the consistency of technical reporting, and examine how changes in disclosure, project narrative, and corporate activity may influence the market’s perception of value.

To access the full Analyst’s Notes report on African Gold, head to analystsnotes.com and subscribe with your email. Our reports are free and designed to support investors looking for independent, technically grounded perspectives on emerging mining stories.