Boto mine is located in eastern part of Senegal, close to the borders of Mali and Guinea, and at 88 km from the city of Kédougou. This project is one of the assets recently acquired by Managem, all located in the Senegalo-Mali Shear Zone (SMSZ) which hosts several gold world-class deposits such as Loulou and Fekola currently under production. 

With a total investment of €350 million, Boto ranks among the largest mining developments in Senegal. The mine is expected to deliver an average annual production of 160,000 ounces of gold over its first three years of operation. Total mineral reserves are estimated at 1.8 million ounces, supporting a mine life of 12 years. Project Highlights:

•Open-pit operation with an annual rock extraction capacity of 35 million tonnes

• Processing plant with a 2.75 Mtpa capacity

• Supporting infrastructure includes: a 23 MW power plant, water dam, tailings storage facility, fuel depot, accommodation camp, airstrip, and road network.

From the outset, Boto has embedded strong ESG principles into its development model. The project implemented a comprehensive community program, supporting access to drinking water and healthcare, providing vocational training and employment opportunities for youth and women. It has also backed income-generating initiatives to support long-term local prosperity. 

In Accordance with Managem’s transformational strategy focused on Tier-1 & Tier2 project, we continue to invest in Potential Greenfield Projects pipeline in West Africa.
In Cote d’Ivoire, the Group holds 4 exploration licenses in the fertile Fétèkro birrimian gold belt known for its multi-million ounce deposits such as Bonikro, Agbaou and Fétèkro. These permits, granted to Managem in 2017, are Dabakala, Brobo North, Brobo South and Zikissou covering a total area of 770.47 km². The first three (3) permits are located in the northern half of the greenstone belt to the south of the Fétèkro deposit. The fourth permit is located in the southern half of the trench, to the south and southwest of the Bonikro and Hiré mine, and to the east of the Agbaou mine.
Exploration work includes geochemistry, mapping, prospecting, trenching, reconnaissance drilling and airborne Mag. coupled with radiometry.
The work carried out have revealed several gold targets, including the C10 target on the Dabakala permit, the Tiébissou target on the Brobo Nord permit and three (3) targets on the Zikissou permit. 
The trenches launched on some advanced targets demonstrate the presence of the mineralizing system with significant grades and thickness. These targets will be the subject of follow-up work during future research programs.
 

The Gold mine is located in the Siguiri Basin, 90km North East of Kankan City.  The Tri-K project covers  473 sqkm and consists of two mining leases and several exploration licenses. 
In 2022, the Tri-K mine generated a production of 165,000 ounces compared to Initial forecasts for the BFS of 130,000 ounces of gold per year. SMM is continuing its intensive exploration program aimed at renewing current reserves, new discoveries thereby extending the mine's life and motivate Organic Growth. 
To enhance the profitability and maximise Reserves Recovery, SMM is adopting an approach focused on operational excellence, supported by the digital transformation of the entire value chain.
 

The Etéké Project is 80% owned by Managem and consist of mining lease which cover an area 810 km² awarded in April 2022. The initial exploration permit covered an area of 1,408 km² was awarded in August 2007, and was the subject of exploration activities and development work that led to the award of the operating permit.
The concession is located in the Ngounié province, 420km from the capital Libreville, in the Etéké gold district, known as Gabon's first gold district. Gold mineralization is of orogenic gold type, of Paleoproterozoic age and related to the Eburnean orogeny.
Exploration work includes airborne, geochemistry, mapping, prospecting, trenching, shallow auger drilling and core drilling for reconnaissance and delineation. 
Managem's work on the permit resulted in the identification of an Indicated Resource of 674,000 ounces and an Inferred Resource of 207,000 ounces. The pre-feasibility study carried out concluded on a Probable Mineral Reserve of 452,000 ounces of gold on three (3) deposits: Dondo Mobi, Dango and Ovala.
The external pre-feasibility study is based on open-pit mining of three (3) deposits: Dondo Mobi, Dango and Ovala.  For an initial CAPEXt of US$138 million, a gold price of US$1,700/Oz and a treatment recovery of 93%, gold production is 422,000 ounces, the NPV of the project is US$131 million, the IRR is 36%, the AISC is US$704/Oz and the payback period is 2.8 years.
Aiming to improve the project fundamentals,  Managem continue to extend mineralization beyond the current deposits, and drill selected advanced exploration targets enhanced by ML data processing. 
 

In Sudan, Gold Projects are located on the border with Egypt and distributed along the Keraf Shear Zone (KSZ) suture, renowned for its hudge historical production of gold since the time of the Pharaons.
The combined surface area of the three blocks is 14,479 km2, with an extension of 300 km along several gold-bearing corridors.
On Block 15 in the Gabgaba region, the Group has undertaken, in a partternship with Norin Mining, a sustained exploration programme since 2008, leading to the discovery of several world-class deposits. 
In 2011, Managem constructed a production unit operated by its subsidiary Manub Company. The operational performance and the successive discoveries of new mineral reserves have led to the extension of the mine and the construction of a new modern processing plant that conforms with international standards.