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Stellar AfricaGold Signs Earn-In and Joint Venture Agreement to Advance Zuenoula Gold Project Cote D'ivoire
(TheNewswire) Vancouver, BC – TheNewswire - December 9 th , ...
About this update from Stellar Africagold, Inc.
[{"type":"text","content":"Stellar AfricaGold Signs Earn-In and Joint Venture Agreement to Advance Zuenoula Gold Project Cote D'ivoire\n\n\n (TheNewswire)\n \n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n Vancouver, BC –\n \n\n TheNewswire -\n \n\n December 9\n \n\n th\n \n\n , 2025 -\n \n\n Stellar AfricaGold\nInc.\n \n\n (TSXV:\n \n SPX\n \n )\n \n\n (“Stellar” or the “Company”) is pleased to\nannounce that Aucrest SARL (“Aucrest”), Stellar’s wholly owned\nIvorian subsidiary, has entered into an Earn-in and Joint Venture\n(“JV”) Agreement on Dec. 5\n \n\n th\n \n\n with\nAustralian Stock Exchange listed MetalsGrove Mining Ltd subsidiary,\nMetalsGrove CDI Pty Ltd (MetalsGrove), to advance Stellar’s 395.78\nsquare kilometer early-stage exploration\n \n\n\n\n permit called the Zuénoula Gold\nProject\n \n\n in Côte d’Ivoire.\n \n\n\n\n Summary of Material Earn-in and Joint\nVenture Terms\n \n\n\n\n Cash Payments\n \n\n\n\n MetalsGrove shall pay to Aucrest US$50,000 in cash upon\nexecution of the Earn-In and Joint Venture Agreement to secure\nexclusivity and initiate the joint arrangement.\n \n\n\n\n MetalsGrove shall pay to Aucrest an additional\nUS$1,000,000 in cash upon the\n \n\n\n\n Zuénoula Gold Project\n \n\n achieving a JORC compliant gold resource of 1,000,000 ounces\nwith at least 500,000 ounces in the Indicated category.\n \n\n\n\n Management & Governance\n \n\n\n\n Exploration of the Zuénoula Gold Project will be\ndirected by a joint Management Committee comprised of two\nrepresentatives from Stellar or Aucrest and two representatives from\nMetalsGrove. During the period while MetalsGrove is sole funding\nexploration activities or has a contributing JV interest of greater\nthan 50% it shall nominate the Chaiman, who has a casting vote on the\nManagement Committee. During the period the parties each hold a 50% JV\ninterest and are contributing to exploration expenditures, the\nChairmanship shall rotate between the Parties on an annual basis.\n \n\n\n\n MetalsGrove shall be the Operator of the Zuénoula Gold\nProject during the period it is sole-funding exploration. The project\nOperator shall receive a fee equal to 5% of agreed Exploration\nExpenditures.\n \n\n\n\n Earn-in Structure and Joint Venture\nEquity\n \n\n\n\n MetalsGrove is required t...