Minerals & Resources
Dual-commodity potential — gold and nickel — within one of West Africa's most prospective geological settings.
Primary Resource
Gold
A globally demanded commodity underpinned by central bank buying, geopolitical uncertainty, inflation hedging, and industrial applications.
Market Context
- Central bank buying — global central banks continue to accumulate gold reserves at record levels, reinforcing long-term demand fundamentals.
- Geopolitical uncertainty — ongoing conflicts and trade tensions sustain gold’s role as the ultimate safe-haven asset.
- Inflation hedging — persistent inflationary pressure across major economies drives institutional and retail demand for gold.
- Industrial applications — beyond jewellery, gold is essential in electronics, medical devices, and aerospace technology.
Natder’s Gold Opportunity
| EITAP Favorability | 80 – 95 % |
| Est. Production Target | 80,000 oz / year |
| Projected Mine Life | 10+ years |
| Projected Revenue | US $3.7 B |
| Projected Profit | US $1.77 B |
Deposit Type
Natder’s concession areas are prospective for orogenic gold deposits — structurally controlled mineralisation hosted within Archaean-to-Proterozoic greenstone belts. Orogenic gold deposits are the source of many of the world’s largest gold mines and are characterised by high grades, significant depth extent, and favourable metallurgical recovery. The Tonkolili District sits within the highly mineralised West African Craton, sharing geological parallels with prolific gold provinces in Ghana, Mali, and Guinea.
Exploration Strategy
- Diamond and reverse-circulation drilling to test high-priority targets identified through EITAP data integration.
- Detailed geological mapping across all concession areas to define structural controls on mineralisation.
- Multi-element geochemical soil and stream-sediment sampling programmes to delineate anomalous zones.
- Systematic trenching of surface anomalies to obtain near-surface geological and grade information.
- Full integration of World Bank EITAP airborne geophysical survey data to refine target prioritisation.
Secondary Resource
Nickel
A critical mineral powering the global energy transition — from EV batteries to stainless steel and renewable-energy infrastructure.
Market Context
- EV batteries — nickel-rich cathode chemistries (NMC and NCA) dominate the high-performance EV battery market, driving exponential demand growth.
- Stainless steel — nickel remains fundamental to the global stainless steel industry, which accounts for approximately two-thirds of annual nickel consumption.
- Renewable energy — nickel alloys are essential in wind turbines, solar panel components, and hydrogen fuel-cell technology.
Natder’s Nickel Opportunity
| EITAP Favorability | 70 – 90 % |
| Strategic Value | Critical mineral for energy transition |
| Development Approach | Phased, concurrent with gold programme |
Exploration Strategy
Nickel exploration will be conducted in parallel with the gold programme, leveraging shared infrastructure, logistics, and geological data. Initial efforts will focus on identifying lateritic nickel enrichment zones and ultramafic-hosted sulphide occurrences using a combination of EITAP geophysical data, targeted soil geochemistry, and geological mapping. Drill testing of prioritised nickel targets will commence once surface-level data confirms sufficient grade and continuity potential. This phased approach ensures capital-efficient exploration while preserving optionality on a commodity with rapidly growing strategic importance.
Methodology
Resource Estimation
All resource estimates will be prepared in accordance with the JORC Code (2012) — the internationally recognised standard for public reporting of mineral resources and ore reserves.
The JORC Code
The Joint Ore Reserves Committee (JORC) Code sets the minimum standards for public reporting of exploration results, mineral resources, and ore reserves. It is mandatory for companies listed on the ASX and is widely adopted by mining companies and investors globally as a benchmark of credibility and transparency.
- All exploration data will be collected, verified, and reported by a Competent Person as defined under the JORC Code.
- Quality assurance / quality control (QA/QC) protocols will be applied to all sampling, assaying, and data management processes.
- Resource estimates will progress through Inferred, Indicated, and Measured categories as data density and confidence increase.
- Independent third-party review will be engaged to validate all public resource statements prior to release.
Indicative Timeline
Q2 – Q3 2026 · Data Collection
Systematic drilling, sampling, and geological data capture across priority target areas. Integration of EITAP geophysical datasets with field observations.
Q3 – Q4 2026 · Geological Modelling
Construction of 3D geological and grade models. Block modelling, variographic analysis, and resource classification under JORC guidelines.
Q4 2026 · Publication
Release of maiden JORC-compliant resource statement, independently reviewed. Investor reporting and ASX / market disclosure as applicable.
Programme
Exploration Programme
A structured, five-phase approach designed to systematically advance Natder's concession areas from early-stage targets to JORC-compliant resources.
Desktop Study & Target Generation
Comprehensive review and synthesis of all available geological, geophysical, and geochemical data — including the World Bank EITAP airborne survey — to identify and rank exploration targets. This phase establishes the geological framework, defines structural and lithological controls on mineralisation, and prioritises areas for follow-up field investigation.
Ground Geophysics
Ground-based geophysical surveys — including induced polarisation (IP), magnetic, and electromagnetic methods — to refine targets identified during the desktop study. High-resolution ground data supplements the regional EITAP dataset, enabling precise delineation of subsurface structures, conductors, and chargeable bodies associated with gold and nickel mineralisation.
Geochemical Sampling
Systematic soil, stream-sediment, and rock-chip sampling across prioritised target areas. Multi-element analysis identifies geochemical anomalies, pathfinder element associations, and dispersion haloes that vector towards buried mineralisation. All samples are processed through certified laboratories under strict QA/QC protocols.
Drilling
Diamond core (DD) and reverse-circulation (RC) drilling programmes to test high-priority targets at depth. Drilling provides direct geological evidence of mineralisation, including lithology, structure, alteration, and grade. Core is systematically logged, photographed, sampled, and stored for future reference and metallurgical testing.
Resource Estimation
Compilation of all drilling and geological data into a JORC-compliant resource model. This phase includes 3D geological interpretation, grade interpolation, block modelling, and resource classification. The resulting Mineral Resource Estimate (MRE) forms the foundation for subsequent feasibility studies, mine planning, and investment decisions.
Downloads
Geological Reports & Data
Access key technical documents and exploration reports as they become available.
EITAP Survey Summary
Available Q2 2026
Exploration Programme Plan
Available Q2 2026
JORC Resource Report
Available Q4 2026
Technical Presentations
Available Q3 2026
For early access to technical data or to arrange a management presentation, please contact investors@natder.com