Where It All Begins: Mining Operations

Blue Gold is, first and foremost, a gold mining company. We own and operate physical gold assets that form the foundation of everything we build: from production capacity and operational scale to long-term strategic value.

01.

Real Assets. Real Mines. Long-Dated Value.

Blue Gold’s cornerstone asset is the Bogoso Prestea Gold Mine¹ , located in Ghana’s Ashanti Gold Belt – one of the most prolific and established gold-producing regions in the world.

With 5.1 million ounces of measured and indicated resources and over $500 million in legacy infrastructure, this is a significant, de-risked gold asset with decades of production potential.

02.

Bogoso Prestea Gold Mine

  • Located in Ghana’s Ashanti Gold Belt

  • 5.1 million ounces of measured and indicated resources

  • Approximately $500 million in legacy infrastructure investment

  • Production restart planned following resolution of lease matters

Blue Gold is currently in a lease dispute with the Government of Ghana. On September 20, 2024, the Minerals Commission of Ghana issued a notice of termination of the leases, which the company disputes. Discussions to resolve the lease dispute are ongoing with the Government of Ghana. Blue Gold Holdings Limited has also commenced international arbitration proceedings against the Republic of Ghana.

Subject to resolving the lease dispute with the Government of Ghana, the first phase of our strategy is to restart Bogoso Prestea production, initially focused on oxide material followed by a second phase move to process refractory material. In the short term, our intention is to start producing gold as soon as practicable, by processing open pit oxide and high gravity underground material in order to support the transition to new mining techniques. Blue Gold also plans to commence a definitive feasibility study as part of the planned transition of the mine to move to processing refractory material in the medium term. ¹ See shareholder notices page to read more here.

03.

Why Mining Matters

Mining is not a side business – it’s the core of who we are. Our mining operations provide:

  • Direct ownership of physical gold at production cost

  • Strategic control over the supply chain

  • A long-life resource base in a proven gold jurisdiction

  • Non-dilutive financing through forward gold sales

  • Asymmetric upside in rising gold price environments

A producing-quality mine in Ghana's Ashanti Gold Belt provides structural advantages that few peer-stage gold companies can match¹ .

04.

Responsible Operations

Blue Gold’s mining strategy prioritizes:

  • Regulatory compliance

  • Operational safety

  • Environmental responsibility

  • Long-term community engagement

These principles support the company's broader ESG objectives and institutional alignment.

One Company. Mine to Wallet.

Blue Gold Limited is a gold mining company that controls the full value chain, from the resource in the ground to the refined gold delivered to market.

Mining and trading ensure supply security

Custody and refining ensure auditability

Disciplined operations ensure long-term value

Each layer strengthens the others.

Blue Gold operates one vertically integrated gold system, from the ground up.