Six licences.
Four targets.
One belt that built
20 million ounces.
A drill-ready orogenic gold project in the Geita Greenstone Belt, Tanzania — immediately adjacent to a producing mine, permit-active, and seeking a joint-venture partner for a fully-costed 24-month programme.
A drill-ready gold project next door to a mine generating $25M per quarter
Mineexplo Company Limited holds six contiguous, active Primary Mining Licences in the Lwamgasa sector of Geita District, northwestern Tanzania — inside the same Archaean greenstone belt responsible for over 20 million ounces of gold production at the Geita Hill, Nyankanga, Kukuluma, and Matandani deposits.
The property sits immediately on-trend with the Buckreef Gold Mine (TRX Gold / STAMICO), which generated USD 25.1 million in revenue and 6,597 ounces of gold in Q1 FY2026 from the same geological corridor. Three independent geophysical datasets have defined four ranked drill targets. The Priority 1 core has never been drilled.
We seek a joint-venture or technical-support partner to fund and execute the exploration programme our geophysics team has fully scoped and costed.
"The Geita mine has produced over 8.3 million ounces since 2000 with current resources of approximately 6.5 Moz. The deposit model and geophysical signatures at Lwamgasa are directly analogous to these producing operations."
— consistent with Dirks et al. (2020), Society of Economic Geologists Special Publication 23Within Buckreef's prospecting licence area — the same village of Rwamgasa — 53 Primary Mining Licences registered to local Tanzanians currently operate alongside the large-scale Buckreef operation. This demonstrates that regulatory and community frameworks for PML-scale and large-scale mining coexistence are established, tested, and functioning in this exact location.
The same fingerprint as Geita Hill — confirmed by three independent datasets
Every major deposit in the Geita Greenstone Belt follows one model: orogenic, mesothermal, BIF-hosted gold forming at banded iron formation–diorite contacts within NW–SE trending shear zones. Approximately 80% of gold at Geita Hill is hosted in BIF. The geophysical expression is reproducible and diagnostic — magnetite destruction by sulphide replacement produces a magnetic low coincident with an IP chargeability high. That is exactly what our surveys resolved at Lwamgasa Targets A and B.
Ground magnetics
25 m line spacing, fixed base station diurnal correction. RTE processing confirms central magnetic low at Targets A and B — the classic magnetite-destruction alteration signature of BIF-hosted orogenic gold.
IP / Resistivity
17 E-W dipole-dipole lines, 50 m spacing. Chargeability η = 7–8.5 ms across 5–7 depth slices (30 m to >150 m). Exceeds published BIF-Au geophysical threshold (Sono et al. 2020: η ≥ 6.86 mV/V).
Soil geochemistry
50 m × 50 m BLEG grid. Peak results MRW40 (45 ppb Au) and MRW45 (40 ppb Au) co-located directly within the Priority 1 IP core — independent surface confirmation of the subsurface anomaly.
Four ranked targets — two Priority 1, drill-ready now
Each target has been scored against four independent evidence criteria — magnetic signature, inverted IP response, soil geochemistry, and structural setting — to produce a transparent priority ranking. The Priority 1 core (Targets A & B) has never been drilled and carries pre-discovery pricing.
Early cash flow from day one of operations
EPP approval immediately authorises nine small-scale test pits — 30 m × 30 m × 10 m — in three clusters on Targets A, B, and C, concurrent with Phase 1 diamond drilling. Target C's BIF subcrop sits at only 10–18 m depth.
Near-surface ore is toll-treated at the adjacent Buckreef CIL processing plant, currently expanding from 1,000 to 2,000 tpd. Revenue from test-mining partially offsets exploration expenditure from month one — a structural advantage rare at this exploration stage.
Pit-wall exposure of bedrock, alteration, and sulphide mineralogy also provides direct geological validation of the geophysical model before deeper drilling commits capital, materially reducing drill-programme risk for the incoming partner.
53 PMLs already operate alongside Buckreef's large-scale mine in the same village — coexistence of small-scale and large-scale mining is not theoretical here; it is the established reality.
Infrastructure already built next door
Three phases. Fully costed. Designed to de-risk at every step.
The following programme advances the 6PML Lwamgasa property from current geophysical targeting through to JORC-Code Inferred Resource definition and pre-feasibility study. All budget figures are indicative, based on 2026 East African contractor rates, and exclude VAT and Tanzanian Government royalties.
Two legal structures. No ambiguity.
Tanzania's Mining Act (Cap. 123, Revised Edition 2019) provides two explicit, formally registered pathways for foreign capital participation. We recommend Structure A for Phase 1, converting to Structure B upon satisfactory results.
Structure A — Technical Support Agreement (TSA)
Registered with the Mining Commission following RMO due-diligence review. Mineexplo retains a minimum of 30% of gross profit (Regulation 9, TA Regulations 2025). Initial term up to 3 years; renewable for further 3-year terms to a statutory cap of 12 years. All employment is Tanzanian. Preferred structure for Phase 1, with option to convert to Structure B upon satisfactory results.
Structure B — Incorporated Joint-Venture Company
Mineexplo proposes 25–40% working equity (statutory 20% indigenous-equity floor, Mining Local Content Regulations 2018). Upon ML conversion, the Government of Tanzania receives a non-dilutable 16% free carried interest (Mining State Participation Regulations, 2022). Foreign capital fully permitted subject to Mining Commission approvals and local-content thresholds.
Six steps from Letter of Interest to Phase 1 drill
Environmental, social, and governance commitments
Environment
- Mercury-free gravity processing — full compliance with Tanzania's National Action Plan for ASGM (2020–2025)
- 60-metre buffer from all natural water sources (NEMC 2026 standard)
- Vegetation clearing restricted to immediate operating footprint
- Mandatory progressive re-planting of indigenous species along all access routes
- Progressive rehabilitation of all disturbed ground per NEMC standards
Social
- 100% Tanzanian workforce — consistent with Mining (Local Content) Regulations, 2018
- Structured technology and knowledge-transfer plan to Tanzanian personnel per TSA framework
- Community liaison officer embedded in Phase 1 field crew
- Active engagement with Rwamgasa village — an established greenstone-gold mining community
Governance
- All activities under Mining Commission approvals, TFS clearance, and EPP / EIA compliance frameworks
- Quarterly operational reporting to Joint Technical Committee
- Annual external audit
- 16% non-dilutable State free-carried interest acknowledged and incorporated into JV economics from day one
Ready to examine the data?
Qualified counterparties are invited to request a confidential data-room package and site visit. A 60-day exclusive due-diligence window is available on receipt of a credible Letter of Interest.
Send a Letter of InterestImportant notice and disclaimer. This memorandum is a marketing communication prepared by Mineexplo Company Limited solely for the purpose of attracting exploration-stage investment partners to the 6PML Lwamgasa Gold Project, Geita District, United Republic of Tanzania (Primary Mining Licences PML02383GTA, PML02384GTA, PML02415GTA, PML02416GTA, PML02417GTA, PML02418GTA). It contains forward-looking statements based on geophysical interpretation. No JORC-Code, NI 43-101, or SAMREC mineral resource estimate has been established. No drilling has been conducted on any of the six PML licences. The existence, grade, or continuity of gold mineralisation at the described targets is inferred from geophysical signatures and regional geological analogy — it has not been verified by direct sampling. Gold price references reflect May 2026 market data. References to third-party operations (AngloGold Ashanti, TRX Gold, Perseus Mining, Barrick Gold) are for contextual comparison only and do not imply endorsement or affiliation. All budget figures are indicative, based on 2026 East African contractor rates, and subject to change. Nothing in this document constitutes financial, legal, or investment advice. Prospective partners should conduct independent due diligence and seek qualified professional advice before making any investment decision. Licence details should be verified at www.madini.go.tz. This document is provided on a confidential basis. It may not be copied, distributed, or disclosed to any third party without the prior written consent of Mineexplo Company Limited.
