2016
February – March
Legal structuring of the project. Company registration. Group of companies in Guinea. Trust company in Singapore.
March – April
Submission of an application to the state authorities for allocation of land plots for conducting a preliminary inspection involving professional state geologists. Geological, geophysical, geochemical studies were conducted to determine the presence of gold in the selected area.
April – May
Execution of preliminary inspection of the territory with subsequent registration of sites for further geological research.
May – June
Obtaining permission for geological study and performance of works. On a concession (site) with an area of 13 square km, dotted exploration was carried out by test pitting, a report of geologists was compiled. Preliminary geological survey was conducted on a plot of 101 square km with the subsequent determination of the type of further geological study and preliminary assessment of the gold bearing layer.
July – September
Provision of documents to state bodies for obtaining additional permits for geological exploration using earth-moving machinery, obtaining financial guarantees for solvency, drawing up a list of equipment necessary for the further performance of works.
October – November
Formation of a package of documents for obtaining a license for gold mining in a 13 square km area. Delivery of excavating equipment, creation of autonomous power supply systems, water supply, organization of fuel supply.
November – December
Continuation of geological prospecting on a site of 13 square km. Work camp construction. Further staffing with equipment and specialists.
2017
January – March
Submission of geologist exploration's results and approval of the financial report for obtaining the gold mining license.
I quarter
Continuation of geological exploration works on a 13 square km site using earth-moving equipment. Formation of a logistics scheme by mining engineers.
The beginning of geological exploration work by test pitting on the second site of 101 square km.
II quarter
The organization of working infrastructures on a site of 101 square km. Continuation of exploration activities on the area of 101 square kilometers, the formation of a development plan, staffing, the formation of the material and technical base.
2018
I-II quarter
Active geological prospecting in a 101 square km area. Formation of a logistics scheme for gold mining at the site. Work on manning equipment and specialists of workers' brigades.
III-IV quarter
Output of production in the area of 13 square kilometers per project capacity. Completion of work on the formation of a package of documents for obtaining a license for gold mining in the 101 square km area. Delivery of earthmoving equipment, creation of autonomous power supply systems, water supply, organization of fuel supply, completion of the formation of the labor camp. The beginning of gold mining in the 101 square km area.
2019-2021
Active work on financial and legal structuring, obtaining audit opinion, optimization of work with investors, corporatization, preparation of documentation for the procedure of initial public offering of company shares on trading floors.
2022-2030
The strategic goal of the company is to ensure the work front for a period of at least 25 years and to reach a production volume of over 150,000 ounces of gold per year.