Acquisition substantially increases Mali landholding

Marvel Gold Limited (ASX: MVL) has announced a strategic acquisition to expand its Mali landholdings and enhance resource potential at Tabakorole. The company has signed a binding term sheet to acquire an 80% interest in Oklo Resources Limited's South Mali gold projects covering 675km2. Highlights include extensions to Tabakorole, a 275km2 land package adjacent to Marvel's Tabakorole Project, and advanced exploration projects in Yanfolila and Kolondieba. The acquisition increases Marvel's Mali footprint by 544% to 799km2. The company aims to make significant gold discoveries with its expanded portfolio. Further exploration work, including ground magnetics and soil geochemistry, is planned for the newly acquired projects. Marvel's Managing Director, Phil Hoskins, expressed satisfaction with the acquisition, positioning Marvel as a leading Malian gold explorer with vast exploration potential.