Pasofino Gold: Advancing a High-Grade Discovery in Liberia

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Focused on Responsible Development and Strong Economics in West Africa

Pasofino Gold is gaining attention for its promising gold project in Liberia—an emerging mining jurisdiction with historical significance. CEO Brett Richards, a veteran in African mining operations, highlights Liberia as one of the best environments he's worked in across a decades-long career. With 3.9 million ounces in measured and indicated gold resources at an average grade of 1.37 g/t, the company is now focused on updating its 2022 feasibility study while exploring financing options to transition to construction.

The project is scoped for a 5-million-tonne-per-year operation, aiming for an average annual production of 171,000 ounces over a 14-year mine life, peaking at 200,000 ounces in its early years. Richards notes strong economics—with operating costs near $1,005/oz and a post-tax NPV four times its capital cost—creating a potential for $300–$400 million in annual free cash flow at full production. As Pasofino finalizes technical and financial planning, it continues to optimize its approach to benefit both investors and local stakeholders.

For more information on Pasofino Gold (TSX.V: VEIN, OTCQB: EFRGF), please click the request investor info button.

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