 Hi, how's everybody doing today? This is Rich here on behalf of Rich2VLive with our very special guest is Danny Callow, the Chief Operating Officer of African Gold Group. How are you doing today, Danny? Great, thanks for it to them. Thank you for having me on. Thank you for joining us. Why don't we get started and you can tell us a little bit about African Gold Group and how you got the company started. Great, thank you. Well, the African Gold Group is around for a while. In its current rise, we re-initiated work in August of 2019, but prior to that, it's been around 125,000 metres of drilling that's been carried out on this flagship asset and the feasibility study. Obviously, when we came in in August 2019, we had the benefit of a gold price that was moving in the right direction. And my background in building and developing minds in Africa meant that the board was keen to bring somebody on board that could help them take this to the next level, which was to take it through into construction, ramp up and then producing gold. So we've been busy with this since August of 2019. And in the last seven months, we've been very busy in getting ourselves ready to deliver a definitive feasibility study, which will take us to the next level in able to raise money and build the mine. So that's what we've been doing for the last three months. Very good. And we've been noticing the stock has been doing extremely well over the last little while. So congratulations on the success of the market going in the right direction. Now, AGG African Gold Group is focused on its Kobata Gold project in Mali, West Africa. Can you tell us a little bit more about the project? Sure. So as you mentioned, it's Mali. Mali is one of the larger producers of gold in West Africa. We are situated around 120 kilometers away from the capital, Bamako, to the southwest. We're in the region called the Sikasa region, which is a prolific gold producer. We're smack going in the middle of the Burimian Greenstone belt, which is a prolific producer of gold assets in the country. And mining in Mali has been going for many, many years. So it's a very mature mining country and I'm very used to mines coming in and starting out. Our project is, as I say, in the southwestern part. We aim to produce 100,000 ounces of gold. We've undertaken a large drilling program over the last few months to develop a definitive feasibility study. And this will enable us to raise the project finance to go forward and build it. It's in a very, very accessible part of the country. The grades are reasonable for that area. And the mining and the processing methodology is very straightforward for West African gold mining companies. So I believe that we have a great asset with a multi-year, 100,000 ounce production and plenty of upside. We've drilled around 15% of this whole deposit. Four kilometers of around 30 kilometers of exploration potential on the property. Our concession is around 300 square kilometers. So I think that we have massive upside here. So even though we're ready to go and to start construction, we'll continue to drill and continue to upgrade our resources to make sure that we have a much longer mine life. That's great. And what are the benefits of developing a gold project in Mali, West Africa? Mali is one of the larger producing countries in Africa, is I think the third largest. It has a great pedigree of gold mining in the country. Anglo-American gold, gold shemti, iron gold, Eric, are all there. A lot of the mid-tier miners are there. The government is very investor-friendly and it has a very investor-friendly mining code. The government are accessible and the Ministry of Mines is made up of geologists and mining engineers, which is unusual for Africa. And the Ministry of Mines actually worked on this concession. So she knows the concession well and she's visited the concession. We filter her regularly and get her updates. And the government are very keen for this project to come into construction and production. Wow. Now, African Gold Group has been conducting an extensive diamond drilling program at Kobada. Can you tell us about the most recent results and what they mean for the project overall? Sure. So I think I mentioned that from the cap, the company has done around 125,000 meters of drilling historically on this property. And it produced a 2016 feasibility study which we inherited in 2019. When we had a look at that, we realized that we would like to do some more drilling so we engaged in the 12,000-meter drilling program which takes us up to around about 140,000 meters of drilling. And that 12,000 meters was focused on the very small area of our concession within a range of about four kilometers. Now, the intention there was to upgrade the resource both structurally in terms of the geological sense and also to do infill drilling to be able to convert these resources into reserves and obviously reserves are what you find. So when you can get a better conversion rate from measurement-indicated resources into reserves, that gives you a much, much better opportunity to produce a good operating mind. And that's what we've been doing. So that 12,000 meters of drilling was completed in around about January of this year. What we did do, however, is we started to investigate some of the other areas of the operation that haven't been drilled before. And you might have seen some of the press releases that came out over the last three or four weeks. That was the final three holes that we drilled in this campaign, and we hit some really, really exciting gold grades. So much higher than the average gold grade that we've been seeing across the concession. And this is to the north of where we expected the main open pit to go. So this means that we have some really great upside potential in some of these holes. And we're talking five, six grams a ton over 15, 20 meters. So this is really, really good discovery. And one of the things that we will be doing as we start to construct this mine is to continue drilling in this northern area. The other thing that is really, really interesting here is that we have 30 kilometers of identified geological structures on our concession, which are mineralized and able to carry gold bearing material. We only drilled four of those. So we have another 26 kilometers of additional exploration and drilling to do to upgrade this resource. And when you have a look at it like that, at 2.2 million ounces and only 15% of the concession, I really think that we have some massive upside here as we continue to explore this property. So really, really very exciting times. How has the coronavirus, the coronavirus pandemic affected the development of the Kobara Gold Project? Well, look, I think first of all, I should say that this coronavirus of COVID-19 took everybody quite by surprise. I think the reaction of governments to shutting down pretty much their economies almost overnight was quite a surprise. And Mali was no different. My heart goes out to all the frontline workers that have really put their best foot forward in trying to fight this thing. And I guess we complain about being stuck at home and knowing that we can't move around, but really these are the heroes of this. But Mali made a very quick decision to shut down the country towards the end of March. They had one or two cases only, but they did realize that in a country like Mali when they have a fairly large population in some very closely ported sort of villages and towns that this could get out of control quite quickly. So they made a decision to shut their borders and their ports fairly rapidly after followed suit with the rest of the world. And that's really done quite well for them because they really haven't had many cases. Fortunately, all of our guys on site doing the geology and the exploration were allowed to stay on site in the camps. They were locked down inside the camps, but they continued to operate. We've had no cases, thankfully, of any of the coronavirus in any of our workforce on site, which is great. The only thing that it has done is obviously inhibit our movement in and out of the country. But the good news really is that in this stage now where we're going to complete the definitive feasibility study, most of the practical onsite work has been done by the drilling and all the geotechnical test work. So most of the work now is behind the desk and finishing the reports and analyzing the data. So thankfully, we've been able to continue to do that. And we don't believe that we're gonna lose any time in delivering the feasibility study from what we said, which is the end of Maya this year. So that's really good news. Now, it's vital when you're doing business in places like Africa or third world countries that you do community initiatives to really build that relationship with the people that you're going to be mining in their country. So what type of community initiatives are you guys doing in Mali right now? Richard, I'm pleased you asked that question because for me, there is an absolutely fundamental question for anybody that is mining in a developing country. You know, we have to see ourselves as good neighbors. We have to see ourselves as being part of this community that we operate in. We're gonna be around there for hopefully 10, 20, 25 years, which means that when we go into these communities and we start setting up these green fields operation, we have to make friends and as I say, be good neighbors. And you know, there's a second issue around West Africa, which is good, it's not just West Africa, it's Africa as well, but and that is autism or mining. And what you have is a lot of informal mining happening on your concessions, which is obviously not great for you, but you know, these guys are just trying to eke out a limit. So there's two ways that you can deal with these things. And the one is through confrontation, which is always the worst thing to happen because if you're trying to be a good neighbor, that doesn't go down very well. And the other one is with conversation. And where we think have been quite successful here from August when we started this process up again, is that we've got all the chiefs of the local villages surrounding the mining area together. And we sat down with them and we asked them what they would like from us as a good neighbor. And clearly a lot of that is as you say, it's these social projects, it's these corporate social responsibility initiatives. And we've got them thinking about some of the things that we could do to help them. And a lot of those things are things like access to water, health, infrastructure, reduction in the malaria rate within the local surrounding areas. And then more simple things like employment locally first and buying goods and services locally. And it was amazing the change that came across the villages when we came in in 2019 and we said, right, this is what we intend to do. However, this is not a one-way street. So we would like you to engage with the autism or minors on that concession. And we would like you to assist in moving them along. And we will happily employ some of those when we get up and running, but some of them we won't be able to. But we need to move on now and get going. And it's been remarkable how this interaction right up front and this ongoing engagement has really, really bled through in terms of moving on the autism or minors. We've already committed to some promises in terms of employment and buying local goods and services. And obviously as we move more into construction, that will increase. And I think we have a really, really symbiotic relationship between ourselves and the local community. If you couple that with the fact that we are upgrading our environmental impact assessment to World Bank and IFC guidelines. So we will be operating at the best of environmental best practices worldwide by the time we start to construct this mine. And also the highest levels of corporate governance. I think that we're really tackling what they call these ESG requirements of listed minors these days. So I think it's not only something that's a good thing to do, it's something that's absolutely critical, not only in terms of your value and your share price, but also in terms of what the requirements of the modern investor is. That's great. Now, what upcoming milestones can investors expect from African Gold Group this year? Wow, well, you've hit the right year because this is the big year. So we've taken a project that's really been sort of stalled or on care and maintenance up until August 2019. We've had a very aggressive period where we've been upgrading the feasibility study to a definitive study. And that involved a huge amount of drilling, as I mentioned. It also involved doing a full suite of metallurgical test work to make sure that we come up with an optimized process plant. We've also done a lot of test work around the geotechnical aspect of the material to make sure that we build our waste dumps properly, our open pit mine slope properly, and obviously up to toiling down. So all of that's been going in to make up this feasibility study. So the first big milestone that you're gonna see is around the end of May, when that technical reported logic with the TSX, that will be a definitive feasibility level study, which as I've mentioned, takes us right through to effectively being able to go to the banks and the private equity companies and investors and start to raise the money for the main project. So really in the next two to three weeks, you're gonna start seeing a fairly good amount of news flow coming out of this company from the last good geological exploration information, probably in the next week, and then there's some pieces of the key components of this study. So watch this space, there's some great stuff coming. Obviously then, once that's done, there's gonna be a period of trying to raise the funds for this project. We believe that for a 100,000 arms project we're looking at in the region of 80 to 90 million US dollars, which is in the lower quarter of a project of this size. And we also believe that our all-in-sustaining cost will be around about the 800 to $850 ounce number, which is fantastic when you think gold at around 1750 and 850, of course, there's a fairly large free cash load model in Silicon there, which is great for investors. And we know that a miner that goes from explorer to producer has a very large re-weighting typically in terms of stock price. Things like that. So I think that's all that's gonna be happening this year. Obviously, I think longer term, strategically, I think that we're fantastically positioned in AGG for the next three to five years in terms of not just this project, but our other projects, and also other projects that come along. So I think that if we had a look ahead in three years, we could be certainly producing out of two gold producing assets in West Africa and in the following sort of three to eight years, I reckon we could be up there with a multi asset, multi jurisdiction, gold mining in Bromberg, which is really, really exciting. Wow. That's guys that are watching all over the world. This is the undervalued, underappreciated, underexposed mining opportunity that a lot of people don't really know about yet. And that's the opportunity for investors. So we've got investors all over the world that are gonna be watching this video, are gonna be learning more about your company. What's the best way for investors to get in contact with you? If they'd like to learn more, if they'd like to invest, if someone is a joint venture or an LOI potential partner, how did they get in contact with you, Danny? The easiest way Richard is through the website, www.AfricanVolkGroup.com. It's a nice website that has like, you can sign up to get newsletters and all the press releases. There's also the latest investor presentation on there. And it has all of our contact details. I'm very happy to take calls and queries from investors. It's, we have our Vice President of Corporate Affairs, Daniel Biazak, he's very active in following up and contacting people that visit the website. So, and then obviously we have, in the modern 21st century, we have all the social media sort of outlets as well, so you can find us on most of those. And typically, I'm fairly active on that as well. So, I keep an eye on what's happening there. And as I say, I'm very happy to jump on a call or to give people more information about the company. It's exciting times and we really need people to get on and visit the site. Fantastic. Well guys, thank you so much for watching and Danny, thank you for joining. Hopefully we'll have you on our show again. If you have any big news or anything you wanna talk about, we'd love to invite you back. I am very bullish on gold, very bullish on gold. I think we are going to see a record price of gold over the next few months. I believe the highest we've ever seen is around 1900. If I'm correct on that, I believe we will see 1900, 1950. I even think we could see 2000. So, that bodes very well for you guys if it's costing $850, right? And it's going to be $2,000 an ounce. That means you guys are gonna have a huge profit margin. So, congratulations on all your success so far. We wish you all the best of luck in your future endeavors. Keep up all the great work. This is Danny Callow, the Chief Operating Officer of African Gold Group. Have yourself a great day, Danny. And is there anything else you wanna say to anyone that's watching? No, I don't think so, Richard. Thank you for the time. I look forward to coming back home with some good news. But I do agree with you. This is the right time for gold. Gold stocks are soaring. It's a much better place to be than physical gold. Get in there, have a look at it. I think after the lockdown, there's gonna be a massive re-investment program. And I think gold will be leading the charge. I agree with you 100%. Thank you for joining us. Okay, guys, thank you for watching. This is Richard from Rich to Be Live with Danny Callow, the Chief Operating Officer of African Gold Group, a company that you have to have on your watch list and you have to put it on your radar. Thank you for watching, guys. And thank you, Danny, for joining us. Thank you, thank you. Have a nice day, everybody.