Compass Gold Signs MOU for Processing Plant at Massala Gold Project in Mali
Bitget2026/10/27 10:34- Compass Gold signed a nonbinding MOU with IMAGRI to build a gravity concentration plant at its wholly owned Massala gold project in Mali.
- Proposed processing capacity of approximately 1,000 tonnes daily, targeting 90% operating availability and initial gold recovery of 60%, subject to technical studies.
- IMAGRI would supply and install the plant, with a definitive agreement targeted by the end of 2026.
- The arrangement would reduce upfront funding needs compared with competing proposals requiring advance payments exceeding USD 5 million before production.
- Massala's small mine permit remains pending as preparations for production advance.
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