Northwire Canada EditionSaturday, July 11, 2026
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GLDN 0.055 +0.0% BRON 0.040 +0.0% BTO 5.43 −0.7% ESK 0.365 −2.7% AUMN 0.275 +0.0% GGX 0.040 +0.0% S 0.155 +29.2% NNX 0.035 +0.0% ABX 51.90 −0.6% TTS 2.40 −4.0% FCI 0.400 −9.1% GR 0.075 +0.0% AII 23.38 +12.4% TUNG 1.72 +1.8% LGO 1.01 −2.9% EMM 0.080 +0.0% GLDN 0.055 +0.0% BRON 0.040 +0.0% BTO 5.43 −0.7% ESK 0.365 −2.7% AUMN 0.275 +0.0% GGX 0.040 +0.0% S 0.155 +29.2% NNX 0.035 +0.0% ABX 51.90 −0.6% TTS 2.40 −4.0% FCI 0.400 −9.1% GR 0.075 +0.0% AII 23.38 +12.4% TUNG 1.72 +1.8% LGO 1.01 −2.9% EMM 0.080 +0.0%
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Kobo Resources Reports Strong Metallurgical Results from Kossou Gold Project with Average Gold Recoveries of Approximately 97%

Kobo Resources validates Kossou metallurgy, though dilution and lack of resource keep the stock in a downtrend.

By The Northwire Desk — AI Analysis Jun 24, 2026 · 07:30 KRI · 0.2 Kobo Resources Inc.
Executive Summary
  • SGS Canada completed metallurgical test work on samples from the Jagger and Road Cut Zones of the Kossou Gold Project.
  • Gold recoveries range from 94% to 99%, averaging approximately 97% using a conventional gravity and cyanidation flowsheet.
  • Processing characteristics include rapid leach kinetics (71–87% recovery within ~10 hours), low reagent consumption (0.39 kg/t NaCN), and very low final residue grades (0.04 g/t Au).
  • Drilling has advanced to over 42,000 meters across 222 holes, with two rigs currently active.
  • The company targets an inaugural NI 43-101 Mineral Resource Estimate in H2 2026.
  • Preparations are underway for a new drill program at the Kotobi Permit expected in Q3 2026.
Material Impact
  • The metallurgical results are technically positive and validate the project's processing potential, confirming that the mineralization responds exceptionally well to a standard, low-cost flowsheet widely used in Côte d'Ivoire.
  • This announcement is a routine technical milestone that follows directly from the high-grade drill results reported in May 2026 (e.g., 2.0 m @ 75.29 g/t Au) and aligns with the company's stated development timeline.
  • There is no change to the capital structure, no new strategic partnerships, and no acceleration of the MRE timeline beyond the previously communicated H2 2026 target.
  • The market impact is expected to be limited to a short-term sentiment boost, as the data confirms existing expectations rather than introducing a new catalyst.
KRI · Price
Company Overview
  • Kobo Resources Inc. is a junior exploration company focused on gold projects in Côte d'Ivoire.
  • Flagship asset: Kossou Gold Project (100%-owned, royalty-free), located 9.5 km from the operating Yaouré Gold Mine.
  • Project stage: Advanced exploration, targeting a maiden resource estimate in 2026.
  • Additional assets: Kotobi Permit (301.8 km² grassroots exploration) and Yakassé Gold Project (earn-in opportunity).
  • Management: Led by CEO Edward Gosselin and COO Paul Sarjeant, P.Geo., with technical advisory support from former Newmont executives.
Read the original news release →

More from Kobo Resources Inc.

May 26, 2026 · 07:00

Kobo uncorks 2 meters of 75 g/t gold at Kossou, lighting a fire under a battered stock.

Drill Results Apr 15, 2026 · 07:45

Kobo Resources Secures Runway to Maiden Resource Estimate with Strategic Investor Backing and Atrium Research Coverage

Financings Apr 09, 2026 · 09:00

Kobo secures $5.5 M financing to accelerate Kossou drilling and prep maiden resource

Financings Mar 31, 2026 · 07:30

Kobo Hits High-Grade Gold at Road Cut as Maiden Resource Countdown Begins

Drill Results Mar 23, 2026 · 17:27

Kobo Resources arranges $5.52-million financing

Financings Mar 23, 2026 · 07:45

Kobo taps markets for $5.5M to bridge the gap toward a mid-2026 maiden resource at Kossou.

Financings