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Highlights

  • Enegex to acquire Famien Resources, securing >3,700km² Côte d’Ivoire gold permits
  • AUD 5 million placement planned to accelerate exploration and provide working capital
  • Paul Roberts appointed Managing Director and Eric Kondo joins as Non-Executive Director

Enegex Limited (ASX:ENX) is an Australian exploration company with gold and base metals projects. The company’s portfolio includes assets in Western Australia and, following the proposed acquisition, a large gold exploration package in Côte d’Ivoire. Enegex focuses on advancing drill-ready targets and early-stage exploration opportunities to build a pipeline of prospective projects.
Enegex announced that it has entered into binding agreements to acquire Famien Resources Pty Ltd, a private company holding more than 3,700km² of gold exploration permits and applications in Côte d’Ivoire.

Exploration Focus
Initial exploration will focus on two priority areas in the northeast of Côte d’Ivoire: the Bonoubana gold trend within the Gogo Permit, and a drill-ready target in the Tougbe Permit. At Gogo, soil sampling has defined a 1.2km-long coherent gold-in-soil anomaly averaging 0.42g/t Au, with historical rock chips up to 92.6g/t Au. At Tougbe, historic air core drilling recorded downhole intercepts including 32m at 0.6g/t Au and 39m at 0.7g/t Au, with narrower intervals up to 8m at 3.4g/t Au.

Board and Management Appointments
Paul Roberts, previously Managing Director of Predictive Discovery and responsible for the Bankan discovery in Guinea, will join Enegex as Managing Director. He will be joined on the Board by Côte d’Ivoire lawyer Eric Kondo, with Dr Barry Murphy appointed as Exploration Adviser.

Management Commentary
Commenting on the acquisition, Chairman Roger Steinepreis said:
“This transaction represents an important step for Enegex. By acquiring a substantial wholly owned portfolio in Côte d’Ivoire, alongside our Australian projects, we are positioning the Company for significant growth. With funding in place and Paul Roberts — whose track record includes major gold discoveries in West Africa — joining the Board together with prominent Ivorian mining lawyer Eric Kondo, Enegex now has a powerful platform to deliver growth and shareholder value.”

 

Funding and Strategy
The transaction will be accompanied by a AUD5.0 million placement, subject to shareholder approval, to fund exploration and growth initiatives. Funds will be allocated to accelerate exploration at the Gogo and Tougbe projects, early-stage exploration across the wider Côte d’Ivoire portfolio, exploration in Western Australia, as well as general working capital.

ENX Shares Rally

ENX shares were trading nearly 25% higher at AUD 0.03 per share at the time of writing on 23 September 2025.