Location of Our Mining Operations & Leasing Strategy

Seven named gold properties across seven African jurisdictions, held through long-term lease arrangements built for stability, not speculation.

Where We Operate

A broader base, less single-site risk.

Mining interests across seven jurisdictions give Papon Ltd a broad geographical operating base and reduce the Company’s dependence on any single mining location.

#	Mining property	District / region	Jurisdiction
01	Tira Gold Mine	Busia District, Uganda	UG
02	Macalder Gold Mine	Migori County, Kenya	KE
03	Geita Gold Mine Zone	Geita District, Tanzania	TZ
04	Kono Gold District	Kono District, Sierra Leone	SL
05	Witwatersrand Goldfield (West Wits Zone)	West Rand, Gauteng Province, South Africa	ZA
06	Hhohho Gold Zone	Hhohho Region, Eswatini	SZ
07	Mchinji Gold Belt	Mchinji District, Malawi	MW

Every property operates under its own national mining, environmental and revenue-authority requirements. Licence and permit documentation for each site is available to investors during due diligence.

Hydraulic excavator loading ore into a haul truck at an open-pit bench — Extraction — loading ore at the pit bench

Open-pit gold mining ground with excavated benches and rock piles — On-site — active ground within Papon Ltd’s mining properties

Aerial view of an open-pit gold mine with terraced benches — Aerial — terraced benches and haul roads, open-pit operation

Long-Term Property Leasing Strategy

Ground held long enough to be worth developing.

Papon Ltd’s mining properties are primarily secured through long-term lease arrangements. The Company enters into sufficiently long-term agreements with property owners, mining rights holders and other relevant parties to provide the operational stability required for substantial investment in exploration, mine development, equipment and infrastructure.

The specific duration, terms, renewal provisions and rights under each lease are governed by legally binding agreements and remain subject to applicable Kenyan mining, land, environmental and regulatory requirements.

Papon Ltd’s strategy is to continually secure additional long-term leased mining properties as suitable opportunities arise — building a diversified portfolio of gold-mining assets.

Long-term leasing gives Papon Ltd the opportunity to:

Secure continuity of mining operations
Make substantial long-term investments in the mining properties
Undertake systematic geological exploration
Develop mine-site infrastructure
Install appropriate mining and processing equipment
Employ and train a permanent workforce
Improve production capacity over time
Build sustainable relationships with property owners and local communities