Liberia, historically rich in mineral resources, is now making strides in the global gold mining industry, with Pasofino Gold leading the charge through its Dugbe Gold Project. This initiative marks a significant shift from small-scale artisanal mining to large-scale international investments, showcasing Liberia's vast untapped mineral wealth.
The Liberian government's supportive policies, including compliance with the Extractive Industries Transparency Initiative (EITI) and mining laws based on Australian regulations, have created a stable and attractive environment for foreign investors. With Foreign Direct Investment exceeding $18 billion, Liberia is emerging as a prime investment destination in West Africa.
Pasofino Gold's Dugbe Gold Project, covering 2,078 square kilometers in southern Liberia, operates under a 25-year agreement with the government. The project has already identified significant gold deposits, with the Dugbe F and Tuzon areas holding a combined Measured and Indicated Resource of approximately 3.3 million ounces of gold. This discovery underscores the project's potential to contribute substantially to Liberia's economy and its standing in the global gold market.
The development of the Dugbe Gold Project could not only boost Liberia's economic growth but also attract further international investment, leading to the exploration of additional mineral resources and creating employment opportunities. The project's progress is closely watched by investors and industry observers, as it may influence global gold supply and market dynamics.
For more information on Liberia's mining sector and the Dugbe Gold Project, visit Pasofino Gold's website.
