Amani ready for another run

By Trevor Hoey. Published at Jul 30, 2019, in Mining

Last week Finfeed highlighted the prospects of Amani Gold Ltd (ASX:ANL) as its shares soared more than 30% ahead of the finalisation of an acquisition and an extensive exploration program.

Funds raised from a recent placement will be used to conduct a diamond drilling campaign in the Giro Gold Project in the Democratic Republic of Congo (DRC).

This follows the signing of a Memorandum of Understanding with Bon Génie N. Mining (BN Mining) Sarl to acquire 10 highly prospective gold Exploration Permits in the DRC through an 85.7% interest in BN Mining.

The Exploration Permits are collectively known as the Gada Gold Project and as shown below are located approximately 80 kilometres west of Amani‘s Giro Gold Project.

With regard to location, the close proximity to the 17 million ounce Kibali gold deposit is extremely significant, and this has no doubt sparked investor interest.

Amani’s 3 million ounce resource not reflected in share price

Management confirmed in the quarterly that it continued to conduct legal and technical due diligence, and should it add the Gada Gold Project to its portfolio an initial 1500 metre drilling program would commence in August/September.

Amani has outlined a gold resource at Kebigada within the Giro Gold Project of 45.6 million tonnes at 1.5g/t gold for 2.1 million ounce gold at a cut-off grade of 0.9g/t gold.

Amani has also outlined a gold resource at Douze Match within the Giro Gold Project of 8.1 million tonnes at 1.2g/t gold, for 320,000 ounces of gold at a cut-off grade of 0.5g/t gold.

The Giro Gold Project’s global resource now exceeds 3 million ounces of gold with the combined Indicated and Inferred Mineral Resource estimates for the Kebigada and Douze Match deposits at 81.8 million [email protected] 1.2g/t gold, for 3.1 million ounces of gold.

Given Amani’s modest market capitalisation of $16 million, it would appear that the value of its resource and the exploration upside isn’t fully factored into the company’s share price.

Where to invest $1,000 right now

When the experts at Next Investors have a stock pick, it may pay to listen.

The Next Investors have been investing in ASX small cap stocks for years, with their best small cap picks yielding returns of 1,200%, 1,120%, 900% and 678%.

They have just revealed their hand-picked, FY2021 stock portfolio of high conviction long-term investments.

Click the link below to see what they are currently investing in.


S3 Consortium Pty Ltd (CAR No.433913) is a corporate authorised representative of LeMessurier Securities Pty Ltd (AFSL No. 296877). The information contained in this article is general information only. Any advice is general advice only. Neither your personal objectives, financial situation nor needs have been taken into consideration. Accordingly you should consider how appropriate the advice (if any) is to those objectives, financial situation and needs, before acting on the advice.

Conflict of Interest Notice

S3 Consortium Pty Ltd does and seeks to do business with companies featured in its articles. As a result, investors should be aware that the Firm may have a conflict of interest that could affect the objectivity of this article. Investors should consider this article as only a single factor in making any investment decision. The publishers of this article also wish to disclose that they may hold this stock in their portfolios and that any decision to purchase this stock should be done so after the purchaser has made their own inquires as to the validity of any information in this article.

Publishers Notice

The information contained in this article is current at the finalised date. The information contained in this article is based on sources reasonably considered to be reliable by S3 Consortium Pty Ltd, and available in the public domain. No “insider information” is ever sourced, disclosed or used by S3 Consortium.

Australian ASX Small Cap stocks | Why is Australia’s leading small cap publication

Founded seven years ago, is Australia’s leading and longest standing website for investor and finance news, education and expert opinion.

Published by StocksDigital, Finfeed was created to report daily on the comings and goings of ASX listed stocks in the small cap market.

As the first digital publication dedicated specifically to this space, Finfeed soon became the most trusted publication in the market, quickly garnering over two million page views – a number that continues to rise. provides its readers with informative articles that tackle the latest in market moving #ASX small cap news, plus exclusive content you won’t find anywhere else. It is aimed at those with an interest in investing, market education, company performance, start-ups and much more. is the only media organisation operating under the strength of a Financial Services License and is backed by leading journalists and analysts all with brands of their own.

The website aims to inform, educate and entertain with content that drills down into the heart of financial matters.

Finfeed is a leading source of investor and market information, with everything investors need to know about how to invest written in a way that anyone can understand. 

Over the years, the website has expanded beyond exclusively reporting on small caps, to profile Australia’s leading ASX listed small, mid and large caps as well as some of the country’s most successful CEOs and business leaders to find out what makes them tick.

Every day you will find fresh content covering:

Fast Facts

Over 4,000 articles published

Over 2.3 Million Page Views and counting

Over 10,000 followers on social media

Subscriber list growing by 2% monthly

Thanks for subscribing!