The project, situated in Bomi and Bong counties in northwestern Liberia, forms part of the company’s district-scale strategy along the highly prospective Todi Shear Zone, which spans multiple licences across the region and is considered one of West Africa’s most promising gold exploration corridor.
Phased Exploration Strategy
The Todi Gold Project covers more than 2,300 square kilometres, following licence expansions and renewals.
Zodiac Gold’s prior exploration work in Liberia included Phase I trenching and reconnaissance drilling at the Arthington Discovery in 2024, which confirmed high-grade near-surface gold mineralization.
Phase II, conducted between 2024 and 2025, involved diamond drilling at Arthington, returning significant gold intercepts and refining the geological model.
Phase III in 2025 focused on trenching and drilling at Ben Ben, highlighting multiple high-grade intervals and identifying priority targets for the current 2026 program.
Strategic Partnership with Avesoro
In late 2025, Zodiac Gold entered an exclusivity agreement with Liberia’s largest gold producer, Avesoro Resources, which paid a US$200,000 exclusivity fee while exploring a potential deal on the Todi Project.
The agreement underscores strategic interest from a major regional operator and strengthens the company’s regional investment profile.
2026 Drilling Program
Drilling at Ben Ben is designed to evaluate a 16-kilometre gold-in-soil corridor extending from Arthington eastward to Youth Camp, where less than 6 percent has been previously drill-tested.
High-grade channel samples from prior trenching include 0.65 metres at 53.6 g/t gold and 0.44 metres at 71 g/t gold, indicating strong potential for further discoveries along strike.
David Kol said the program is intended to build on previous successes and unlock the broader potential of the corridor.
He added that the company’s strong treasury, following the recent $6.1 million financing, allows for a disciplined exploration approach with meaningful results expected throughout the year.
Liberia’s Gold Sector
Liberia produced about 13.6 tonnes of gold in 2023, up from 11.7 tonnes in 2022, with declared exports valued near $600 million.
Gold accounts for more than 40 percent of the country’s mining export value.
While Liberia is still an emerging gold producer compared with Ghana, Mali, and South Africa, its geology, part of the Birimian gold belt, offers strong potential for further exploration and production.
Zodiac Gold’s investment highlights Liberia’s growing appeal to foreign investors and aligns with government efforts to expand the mining sector.
