Last evening, we announced that Compass has entered into a Joint Production Agreement to commence gold production along our Tarabala trend within the next five months. Achieving this agreement has been our primary focus since June of this year, and we are very excited to share this news with all of our shareholders. I urge you to read the press release in order to understand why this is such an important step forward for your company.
The key message that I want to emphasize for our shareholders is, through this agreement, Compass is in a unique position to:
-Accelerate the timeline to profitable production;
–Seize the economic opportunity afforded by a historically high gold price;
–Utilize existing infrastructure at our doorstep;
–Optimize brand new processing equipment that will reduce operating costs; and,
–Strengthen our position through strategic partnership, without dilution.
Over the next several days, I hope to speak with as many shareholders as possible, to answer questions and more fully discuss what the coming months hold in store for our company. I also hope to organize a conference call to address a larger group of shareholders and their questions.
It is important to acknowledge the dedication and leadership of Dr. Madani Diallo in finding a Malian partnership to advance our interests. This was the right approach at the right time for us, Mali and the global gold market.
On behalf of myself, our Directors and our entire team, I also want to express our appreciation for the support of our shareholders, and in particular, those who have provided the funding to see us through this past year and a half.
We are now approaching the ‘finish line’ of free cash flow from near-surface gold production. There is still more work to be completed by our team before the first ounce of gold can be poured, but with your continued support, I am confidant that 2025 will be a remarkable and rewarding year for Compass Gold and its shareholders.
Best regards
Larry Phillips
President & CEO
Compass Gold Corporation