The portfolio of licences is made up of a total of 11 areas. Ten of the licences are located in the gold bearing Bougouni region in southern Mali, on the West African craton. They include typical Birimian metasediment, volcanic and granitoid lithologies, generally present in N-S trending tectonic blocks. The JV licences are named Sindo, Kekoro South, Kangaré, Balandougou, Samaya, Naiouleni West, Bambadala North, Doubasso, Nimissila and Manakorola. The other licence area, Bantanko, is located in the west of Mali, in the Keneiba window portion of the West African craton, close to the Loulo mine.
The entire portfolio has varying potential for economic gold mineralisation in the form of classic mesothermal gold-bearing quartz veins, and, in the case of Bantanko, possible 'Loulo-type' gold mineralisation in tourmalinised sandstone. The most prospective licence area is considered to be Sindo, where relatively large-scale artisanal mining is currently being undertaken along a ridge of hematite-bearing quartzite. The Kekoro South, Kangaré and Balandougou and Samaya licence are also considered to have good potential due to their current or recent artisanal exploitation, and the level of exploration activity (that includes the identification of multiple soil geochemistry anomalies).