Zodiac Gold Engages Dr. John Arthur to Update NI 43-101 Technical Report on the Todi Gold Project, Including a Resource Estimate at the Arthington Discovery
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On December 3, 2025, Zodiac Gold Inc. announced that it has engaged Dr. John Arthur, an independent Qualified Person, to prepare an updated NI 43-101 Technical Report on its Todi Gold Project. The report is expected to include a maiden mineral resource estimate for the Arthington discovery and an evaluation of exploration targets in the Ben Ben to Youth Camp areas. The Company anticipates disclosing the estimate and filing the report in Q1 2026. This move is seen by the CEO, David Kol, as a major step forward, leveraging Dr. Arthur's experience in African gold deposits and prior work with Zodiac Gold to independently assess the discovery at Arthington and other prospective targets.
This news is a positive, but expected, development in Zodiac Gold's progression of the Todi Gold Project. Following significant drilling results at Arthington and recent initial trenching success at Ben Ben, the engagement of a Qualified Person to produce an NI 43-101 compliant resource estimate is a crucial and logical next step for an exploration company.
The impact is routine positive rather than material because it represents the initiation of a standard process rather than the definitive results of that process. The market has likely anticipated this move given the repeated positive exploration results, particularly the broad and high-grade intercepts at Arthington. The real material impact will come from the actual resource estimate in Q1 2026, which will quantify the scale and grade of the discovery. However, this news confirms the company's commitment to de-risking the project and moving it towards a development stage, which is a necessary step to attract further investment or finalize strategic transactions like the one being negotiated with Avesoro. It validates the technical foundation established through prior exploration.
Zodiac Gold Inc. is a gold exploration company focused on projects in Liberia, West Africa. Its flagship asset is the Todi Gold Project, a district-scale opportunity covering 2,316 square kilometers along the Todi shear zone, approximately 13 km from the capital city of Monrovia. The project benefits from existing infrastructure, power, and year-round accessibility.
Key targets at the Todi Gold Project include: * Arthington Target: This has been the primary focus of drilling, with 39 holes drilled to date and significant gold mineralization identified in 37 of them. Highlights include 18m at 4.67 g/t Au (including 1m at 55.9 g/t Au) and 9.65m at 7.50 g/t Au. The company has identified a +400-meter-long mineralized corridor and is working on a maiden resource estimate here. * Ben Ben Target: Interpreted as the eastern extension of Arthington mineralization, this target has shown promising initial trenching results, including 30m at 1.24 g/t Au (with high-grade sub-intervals like 1m at 25.1 g/t Au). The company is planning a maiden drill program for Ben Ben. * Alasala Target: Previous channel sampling and drilling have returned high-grade intercepts like 17m at 1.09 g/t Au and 4.05m at 13.92 g/t Au. * Other Targets: Feh Feh and Youth Camp are also identified as priority exploration targets along the 16km gold-in-soil anomaly.
Beyond gold, Zodiac Gold also holds significant iron ore potential in the northern part of its project areas (Bomi South and Bong West exploration licenses), situated in Liberia's premier iron ore district. The company has entered a non-binding term sheet with Vitol for an iron ore strategic partnership, which could include a marketing agreement and a structured prepayment facility to accelerate future production.
The company has emphasized its commitment to environmental responsibility, partnering with Karbon-X to offset its carbon footprint from exploration activities.