- CEO
- Jarrad Ross Savage
- Sector
- Basic Materials
- Industry
- Other Precious Metals
- Address
- Canada
- IPO Date
- Mar 11, 2011
- Business
- Abzu Gold Ltd. is a Canada-based gold exploration and development company focused on the acquisition, exploration, and potential development of mineral properties in Ghana. The company holds interests in two principal concessions, Nangodi and Yameriga, located in the Bole-Nangodi gold belt in northern Ghana; it operates through subsidiaries Abzu Resources Ltd. and Abzu Resources Ghana Ltd., with no current revenue-generating operations. Founded in 2010 and headquartered in Vancouver, British Columbia, Abzu targets prospective gold properties in a leading African gold-producing nation.
The company's core activities center on greenfield and early-stage gold exploration, including geological mapping, geophysical surveys, soil sampling, trenching, and diamond drilling to delineate mineral resources across its concessions. It maintains a portfolio emphasizing high-potential targets in the U, As, Sb, and W rich Bole-Nangodi belt, with historical expenditures exceeding $5 million on Nangodi and Yameriga properties.
In recent strategic developments, Abzu renegotiated and terminated option agreements with Red Back Mining Ghana Ltd. (a Kinross Gold subsidiary) in early 2014, securing full control of the Nangodi and Yameriga licenses in exchange for a 2% net smelter royalty; this followed prior joint venture arrangements and enabled independent advancement of the Nangodi project. The company received CAD 2.5 million in strategic funding from Stonehouse Construction Pte Ltd. and other investors to support exploration programs. No material acquisitions, new product launches, or operational shifts have been reported in the last 1-2 years, reflecting its status as an inactive exploration-stage entity traded over-the-counter as ABZUF.