Please note: you are viewing an old version of this deal. The current version can be found here: Deal #1359

Deal #1359 Version #52874

Guinea
Created at
2013-02-15
Last update
2020-08-04
Last full update
2024-04-25

Land area

Intended size
98 400 ha
Size under contract (leased or purchased area)
  • [current] 8015.0 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”). #1358 is the pilot area for this project (8815ha).

Intention of investment

Intention of investment
  • [current] Food crops (8015.0 ha)

Nature of the deal

Nature of the deal
Lease

Negotiation status

Negotiation status
  • [current] Concluded (Contract signed)
Comment on negotiation status
99 year lease signed with 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”) on 16:09:2010.

Implementation status

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.