Randgold Resources Annual Report 2005 29
Key to adjacent table:
EP – exploitation permit
EEP – exclusive exploration permit
PL – prospecting licence
AE – reconnaissance licence
* Joint venture in which the company is currently
earning an interest
The company has continued to assess new
business and merger and acquisition
opportunities worldwide, while retaining a
specific focus on organic growth within the
African continent.
During the course of 2005:
A joint venture agreement was concluded
with the government of Tanzania pooling
mineral properties belonging to Tangold
and the company within an area of interest.
The company is responsible for carrying
out exploration in this area of interest.
After the completion of a joint venture with
a Ghanaian junior company, Randgold
Resources carried out a substantial
generative programme to select the most
prospective ground available for permitting.
The company has subsequently been
granted three exploration permits (total of
6 954km
2
) in addition to the joint venture.
In Burkina Faso, the company has
developed a geological model to guide
land acquisitions and has consolidated a
substantial land position of some 2 000km
2
in a very prospective area.
The company has also been looking at
several African countries, previously low on
its ranking scale, where political and fiscal
conditions appear to be changing for the
better.
In addition to the organic growth route,
Randgold Resources has also tested
growth options through possible merger
and acquisition opportunities. As part of this
strategy it carried out numerous due diligence
audits during the past year, both within and
outside Africa. Examination of these projects
confirmed none would fit its stated criterion that
any acquisition should create value for its
shareholders.
New business
Area
Area sq Equity
Country
Type km
2
miles %
MALI
Loulo
EP 372 144 80.0
Morila
EEP 289 112 80.0
Morila
EP 200 77 40.0
Selou
EEP 25 10 52.0
Koba
EEP 58 22 5.0
Tiorola
EEP 257 99 70.0
Diokelebougou
EEP 393 152 70.0
Dionkola
EEP 122 47 70.0
Dieba
AE 233 90 80.0
Kambo
AE 477 184 80.0
Diossyan
AE 378 146 80.0
Sitakily
AE 45 17 JV*
Kemogola
AE 295 114 80.0
Moleguedougou
AE 102 39 80.0
Niame
AE 150 58 80.0
Seriba-Sobara
EEP 500 193 JV*
Bena
EEP 13 5 80.0
Diamou
EEP 500 193 JV*
COTE D’IVOIRE
Nielle
EEP 671 259 75.0
Boundiali
EEP 1 314 507 75.0
Dabakala
EEP 191 74 75.0
Mankono
RP 704 272 75.0
Sikolo
RP 500 193 75.0
SENEGAL
Kanoumering
EEP 405 156 90.0
Kounemba
EEP 408 158 90.0
Makana
EEP 110 42 63.0
Tomboronkoto
EEP 403 156 90.0
TANZANIA
Nyabigena South
PL 36 14 100.0
Utimbaro
PL 16 6 100.0
Kajimbura
PL 46 18 100.0
Simba Sirori South
PL 51 20 100.0
Igusule
PL 44 17 100.0
Nyamakubi
PL 43 17 100.0
Kiabakari East
PL 62 24 100.0
Mammoth
PL 40 15 100.0
Blue Ridge
PL 58 22 100.0
Songora
PL 95 37 100.0
Busegwe
PLR 88 34 100.0
Kigumu
PL 131 51 100.0
Nyati
PL 82 32 70.0
Nyanza
PL 41 16 70.0
Mobrama East
PL 34 13 50.0
Mobrama East Ext. PL 17 7 50.0
Kiserya Hills
PL 48 19 50.0
Nyasirori
PL 76 29 50.0
Nyasirori Ext.
PL 78 30 50.0
Mrangi
PL 29 11 50.0
Mrangi Ext
PL 23 9 50.0
Suguti
PL 31 12 50.0
Suguti Ext.
PL 31 12 50.0
Mrito
PLR 272 105 100.0
Kiabakari East
PL 27 10 100.0
Seka
PL 22 8 50.0
Seka Ext.
PL 22 8 50.0
Kamba
PL 16 6 50.0
Geita East
PL 8 3 100.0
Kianyari
PL 77 30 50.0
Buhemba South
PL 131 51 100.0
BURKINA FASO
Danfora
EEP 45 17 90.0
Kiaka
EEP 245 95 90.0
Basgana
EEP 250 97 90.0
Bourou
EEP 122 47 90.0
Tanema
EEP 247 95 90.0
Kaibo
EEP 250 97 90.0
Kampala
EEP 233 90 90.0
Yibogo
EEP 247 95 90.0
Nakomgo
EEP 235 91 90.0
Tiakane
EEP 196 76 90.0
GHANA
Bui Belt
RL 5 969 2 305 90.0
Bole NE
RL 866 334 90.0
Nangodi West
RL 119 46 90.0
Central Goldfields
RL 92 36 JV*
TOTAL AREA
20 006 7 724
MINERAL RIGHTS
