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Deal #1359 Version #52870

Guinea

Created at

2013-02-15

Last update

2013-03-07

Last full update

2024-04-25

Land area

Intended size

98 400 ha

Size under contract (leased or purchased area)

[current] 98400.0 ha

Comment on land area

Land & Resources and MAG entered into an Option Agreement (the “Option Agreement”) pursuant to which Land & Resources was granted an option to assume a lease of approximately 98,400 hectares (243,151 acres) located in the village of Saraya in Guinea (the “Option Land”)

Intention of investment

[current] Food crops

Nature of the deal

Lease

Negotiation status

[2010, current] Concluded (Contract signed)

Comment on negotiation status

Contract for mapping and surveying purposes

Implementation status

[2011, current] Startup phase (no production)

Comment on implementation status

During the three months ended June 30, 2011, the Company completed the exploration and mapping of Saraya property comprising 98,400 hectares of Option Land.