Investment Opportunities

The offer is for a minimum of 40,000,000 Chess Depositary Interests (“CDI’s”) to a maximum of 50,000,000 CDIs at an issue price of $0.20 per CDI to raise between $8,000,000 and $10,000,000 (“Public Offer”).

Why this offer is appealing;

• This IPO raising was priced when Gold was trading at ~US$1800 - it is now ~US$2450+.
• Gold – a sector to be exposed to there is lots of positive reports for gold potentially going higher as the Fed potentially cuts interest rates along with central banks de-dollarisation. 
• Guinea as a jurisdiction is endorsed by the market. See below.
• This is a very simple story to follow, drilling to date has proven there is gold in the ground and further drilling could lead to a JORC statement being released which naturally, could lead to a material rerate in the company’s valuation.
• Low cost of drilling in Guinea provides extremely good leverage for money spent vs meters drilled, compared to other jurisdictions such as Canada & Australia.
• US$8m already spent to date drilling.
• Currently drilling should provide early news flow post listing.
• The company will have a tight share register, as the existing shareholders will be included in the requirement for shareholder spread.
• Potential for initial JORC of 1-2M Oz to be released in the short-term, post listing, based on ongoing drilling campaign. 

Market endorsed Guinea Gold companies

• Predictive Discovery (ASX: PDI) – 19c/~$450M capped with 5.4Moz @ 1.64 g/t with high-grade open pit inventory of 2.3Moz at 1.42g/t Au with a 4.6 Strip Ratio – comparable to Siguiri which is from surface (potential for a 1:1 Strip Ratio) on a potential 1-2Moz initial JORC.
• Robex Resources (TSXV: RBX) - ~A$270M capped with a 1.48Moz @ 1.07g/t with a Strip Ratio of 2.8:1 (https://www.mining.com/robex-doubles-size-of-private-offering-for-flagship-kiniero-gold-project-in-guinea/).
• Hummingbird Resources PLC (HUM.GDX) - ~A$130M capped with 1.2Moz @ 2.93 g/t - https://www.hummingbirdresources.co.uk/operations-projects/guinea/.

Gold

Record prices were reached in H1 2024, which bodes well for quality gold assets in favorable jurisdictions. This is one sector where equity prices have not kept up with the commodity price rise => opportunity. Current market sentiment is that gold is potentially heading higher in the short to medium term.

The first trend is the re-emergence of Chinese Sate Owned-Enterprises as buyers. It has been nearly a decade since we have seen M&A activity like we have recently in West Africa and "non-Western" countries. Given the trend towards de-dollarisation, Market watchers I believe this activity will potentially continue, bidding up multiples in regions where they feel comfortable operating. Coupled with Western producers that have cleaned up their balance sheets and are facing cresting production profiles, market watchers think an M&A wave could be upon us that will surprise the market. Good gold results in explorers should attract quick market interest and substantial potential rerates.

Timetable (Dates and times are indicative only and may change without notice)

The company

Siguiri Gold is focused on the exploration of the Siguiri Gold Project (SGP) in Guinea, West Africa. The Company is targeting low-cost production of a bulk-tonnage, at-surface open pit mining operation.

Key Investment Highlights

• Strategically Located Assets: The Company’s 100%-owned assets are situated in the Republic of Guinea’s Siguiri Basin, a historically prolific mining jurisdiction that remains significantly underexplored compared to other gold regions within Africa’s Birimian Greenstone Belt.

• Prolific Mining Region: The Siguiri Basin is home to world-class operations such as the 270kAuOz/year AngloGold Ashanti SAG Mine, the 200k AuOz/year Nord gold Lefa Mine, and the recently commissioned 140k AuOz/year Hummingbird Resources Kouroussa Mine.

• Established Mining Jurisdiction: The region boasts significant production of bauxite and gold, with strong government support for Siguiri Gold.

• Exploration Upside: With 33,000meters completed in an ongoing 70,000-meter program, multiple near-surface deposits have already been identified. Over 30km of total strike length across the Permits which is yet to be tested.

• Significant Prospectivity: Drilling to date confirms the substantial potential of the Company’s land package, with open drilling in all directions.

• Strong Margin Potential: The project benefits from free-dig material, requiring no drill and blast, and features a low strip ratio near surface

• Notable Grade Increase: Drilling into fresh rock below saprolite has yielded significant results, with two historical holes showing 59 meters at ~2 g/t and 30 meters at 3.3g/t all within 150 meters of surface. Further drilling is planned in Q4.

• Regional Discoveries: Discoveries by Predictive Discovery (PDI.ASX, Bankan Project 5.38mmAuOz mineral resource - market cap ~$440m) underscore the region's prospectivity.

• Strong Regional Institutional Interest: Multiple oversubscribed, institutional-backed raises in country have recently occurred such as Robex(C$126m) and Predictive Discovery (A$50m)

• Experienced Team: The Company is   led by a team with a proven track record of success and deep in-country expertise.

• Upcoming Catalysts: Key milestones include the maiden resource expected in H1 2025 and pending drilling results due for immediate release post-listing.

• Strong Capital Structure: The Company has a tight, well-held capital structure with strong management alignment and ownership. 
  

More on the Company can be found on their website here

Please note:

• Chapter One Advisors will be paid fees on funds it is responsible for raising via the offer;
• The Company/Lead Manager reserve the right to close the book early and to deem any bid invalid; 
• All bids are firm and irrevocable commitments to subscribe for a number of Securities up to the maximum amount for which a bid is made and will be capable of acceptance, in full or in part, by the Company/Lead Manager, at its discretion.