Projects

Fekola Complex – Mali

The Fekola Mine is located in southwest Mali, on the border between Mali and Senegal, approximately 500 km due west of the capital city, Bamako. The Anaconda Area is located 20 km north of the Fekola Mine licence area.

In 2024, a total of approximately $10 million is budgeted for exploration in Mali with an ongoing focus on discovery of additional high-grade, sulphide mineralization across the Fekola Complex to supplement feed to the Fekola mill. A total of 20,000 meters of diamond and reverse circulation drilling is planned for Mali in 2024.

In 2023, a total of $35 million was budgeted for exploration in Mali with an ongoing focus on the Anaconda Area (Bantako, Menankoto and Bakolobi permits). In addition, the extensions of known prospective structures in the Anaconda Area and on the Fekola Mine were also being targeted in the area between them on the relatively underexplored Bakolobi permit. The Dandoko permit located to the east of Fekola was also a focus for exploration. A total of 151,132 meters of diamond, reverse circulation, aircore and auger drilling was completed during 2023.

In the Anaconda Area, drilling was directed at increasing the existing saprolite Indicated Mineral Resource and expanding the Inferred Mineral Resource. An updated Mineral Resource Estimate for the Anaconda Area was released in June 2023.

Since the completion of the significant update to the Anaconda Area Mineral Resource Estimate, drilling in the Mamba Zone has shifted to exploration for additional shallow sulphide targets, that may be amenable to open pit development.

The mineralized structures identified at the Fekola Mine track northward onto the Anaconda Area. These include the Cobra Zone that has been a significant contributor to the total oxide Mineral Resource estimate in the Anaconda Area and continues to generate significant intervals of both oxide and sulphide-hosted mineralization. The southernmost portion of Cobra comprises a separate geological structure, which is currently being explored as the Taipan Zone. Recent drilling of the Cobra and Taipan Zones have returned encouraging intervals of oxide and sulphide mineralization, with Taipan also returning particularly strong sulphide intercepts. In 2023, 106,866 meters were drilled on the Mamba, Cobra and Taipan Zones.

Another north trending structure parallel to and approximately 25 kilometres east of the Fekola structure is being drilled on the Dandoko permit. The mineral resources are distributed across the Seko, Koko, Disse and Diabarou deposits.

Supporting Documents:

For the latest details and news releases pertaining to the Fekola Complex:

  • Click here for B2Gold's Q4 2023 Earnings news release (dated February 21, 2024)
  • Click here for B2Gold’s Updated and Significantly Increased Mineral Resource Estimate for the Anaconda Area news release (dated June 21, 2023)
  • Click here for B2Gold's Exploration Drilling Results news release (dated December 13, 2022)

For a more detailed overview of the Fekola Complex, please refer to the following most recent company documents:

  • Click here for B2Gold's Q4 and Full Year 2023 Management Discussion & Analysis (dated December 31, 2023)
  • Click here for B2Gold's Q4 and Full Year 2023 Financial Statements (dated December 31, 2023)
  • Click here for B2Gold's 2023 Annual Information Form (dated March 16, 2023)

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