The Gold Report

African Gold Group Inc. Visit Company Website African Gold Group Inc. is a Canadian-based, West African-focused gold exploration and development company. The company controls 12 concessions that are consolidated in 5 distinct standalone exploration projects along significant gold trends, the most advanced of which is its Kobada gold project. Located in Mali, Kobada has an NI-43-101-compliant resource of 740 Koz gold at 0.3 g/t, emanating from 10% of strike potential. African Gold featured on Resource Clips (11/17/10) View Airborne Survey of Asankrangwa Holdings

The information provided below is from analysts, newsletters and other contributors. Please contact the company and visit its website before making an investment decision.

Expert Analysis

The Gold Report Interview with Henk Krasenberg (7/2/12) "Companies should turn the negative into a positive and use the artisanal miners as an extension of their own exploration forces. In Ghana, African Gold Group Inc. reached an agreement with the artisanal miners. While making it clear that the property belongs to the company, the agreement gave the artisanal miners a part of the property where the company would not explore for the time being. It said, go ahead; everything you find is yours with one obligation—tell us what you find. We will not take it, but we want to know. That is how to handle artisanal miners." More >

Thom Calandra, Baby Bulls (6/15/12) "Personally, I am holding shares of almost everything I own in Africa, including African Gold Group Inc. . .the company's shares are under severe pressure. . .I have not seen its northern Ghana gold property that is the subject of a legal dispute, one that almost surely will be settled in coming weeks if I read the tea leaves correctly—that property is called Mankranho and is in the Ahafo district. . .Kobada is clearly the flagship with 1 Moz gold already in a resource and maybe another 1 Moz, much of it oxidized and near surface, on the way in the form of a preliminary economic assessment later this year."

Hendrik Visagie, Pope & Company (3/22/12) "We believe African Gold Group Inc. is an attractive gold play with positive economics indicated by the preliminary economic assessment for a 100 Koz gold producer, with potential for higher production if oxide exploration upside is realized. At roughly $40/oz gold for the Inferred resource, with potential for more, the company has significant upside; based on observations from our recent site visit, our modeling estimates the potential to define an additional 2.5–3 Moz gold."

Morning Coffee (3/21/12) "African Gold Group Inc. announced the analytical results for eight, near-surface (oxide), reverse circulation, stepout drill holes from the company's Kobada gold project. . .highlight intersections included: hole KBRC12-006 intersected 70m of 1.83 g/t gold and 45m of 1.79 g/t silver, ending in mineralization; hole KBRC12-003 intersected 27m of 0.47 g/t gold and 84m of 1.26 g/t silver, ending in mineralization and hole KBRC12-004 intersected 21m of 1.07 g/t and 9m and 1.8 gold."

The Gold Report Interview with Mark Lackey (3/19/12) "African Gold Group Inc. in Mali has the Kobada mineral resource of 1.1 Moz. We like it because drilling has extended the mineralization in the area over about 4 kilometers. One of its top management people was the chief geologist for IAMGOLD Corp., which has had a great run and done extremely well in West Africa. . .African Gold Group also has a holding in Ghana. We think it has significant potential, given the estimated mineral resource." More >

• Corporate Presentation (3/31/12)

(7/12/10) AGG Geological Flyover

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