Mansa Resources to invest $600 million in Liberia’s Dugbe Gold project

Mansa Resources Limited, a prominent player in the mining sector, has announced its plans to develop the Dugbe Gold Project in southeastern Liberia, which is said to become one of West Africa’s most significant undeveloped gold assets. Following its acquisition of Pasofino Gold Limited in February 2026, the company is set to invest US$600 million over the next three years, with the goal of accelerating progress on this highly anticipated project.

The Dugbe Gold Project sits within the highly prospective Birimian Gold Belt and boasts an impressive estimated resource of 3.9 million ounces of gold. This development not only represents a substantial financial commitment but also stands to bolster Liberia’s economy significantly. During peak construction and operational phases, the project is expected to create between 900 and 950 direct jobs, marking a considerable step toward combating unemployment in the region.

“We are committed to ensuring that Liberians are the primary beneficiaries of this project through technical training, skills development, and structured workforce capacity-building programs, the Company stated.

The acquisition of Pasofino Gold Limited, supported by key investors Nioko Resources Corporation and Orion Resource Partners, consolidates Mansa’s portfolio of major West African assets, which includes the operational Kouroussa Gold Mine in Guinea. This strategic move positions Mansa Resources as a formidable player in the region’s gold mining landscape.

Mansa is advancing development efforts under Liberia’s existing 25-year Mineral Development Agreement (MDA) and aims to deliver an updated Feasibility Study by the latter half of 2026. The company is targeting a Final Investment Decision and project financing by the end of the same year, ensuring that the Dugbe Gold Project progresses swiftly and efficiently.