Magnolia Mining

Magnolia Mining Group Kenya Limited has been engaged in mining operations in the Republic of Kenya, Africa, since 2015.

In 2020, the company embarked on the development of the Kabarogin Mine in Kisumu County.

Magnolia Mining Limited, as a distinguished entity epitomizes excellence in the exploration and extraction of valuable resources, contributing significantly to sustainable development in the region.

With a commitment to environmental stewardship and community engagement, Magnolia Mining Limited exemplifies a harmonious synergy between industry and responsible resource management in the heart of Africa.

About US

The Kaborogin Mine, developed by Magnolia Mining Limited, is strategically situated approximately 300 kilometers from Nairobi, the capital of Kenya, at an elevation of 1,900 meters. Spanning a 5-square-kilometer mining area, the project focuses on the utilization of approximately 400 square meters for mining operations.

Upon conducting a definitive reserve assessment exclusively for the currently developed mining zone, an impressive confirmation of approximately 1.2 tons of gold has been established. In the Kaborogin region, major gold mining corporations are actively advancing mining endeavors, and the contiguous gold veins in this area present an aura reminiscent of a 21st-century gold rush.

Magnolia Mining Limited stands at the forefront of this venture, exemplifying a commitment to responsible resource management and sustainable development. As the exploration and extraction of gold in the Kaborogin Mine unfold, the company plays a pivotal role in shaping the landscape of this promising gold-rich region.

CURRENT STATUS AND FUTURE PROSPECTS

Bullion Japan Ltd., the trading representative for Bullion Vault, a premier global physical gold trading firm, stands as our parent company in Japan.

Owing to the recent surge in global demand for gold, we observe a continuous ascent in gold prices. Purchase orders for gold from domestic financial institutions in Japan are on the rise, fortifying the operational foundation of Brion Japan Ltd. within the nation.

Under the auspices of Bullion Japan Ltd., Magnolia Mining Group Kenya Limited has successfully acquired a 5-kilometer by 5-kilometer square mining area in the renowned Gold Rush region of Western Kenya. In close proximity, a mining area belonging to Kenya's largest mining company is situated, with mineral veins seamlessly extending towards our designated mining area.

At present, our company is actively developing four tunnels within this mining zone. Recently, we conducted the inaugural confirmed reserve survey around one of these tunnels.

The primary objective of the survey was to ascertain the viability of our operations. It was imperative to assess in advance the potential yield of gold ore at a depth of approximately 150 meters underground, establish the financial feasibility of the business plan, and gauge the future prospects.

The survey results are largely promising, with an estimated reserve of approximately 1200 kilograms. Ore with a gold content exceeding 2 grams per ton is being extracted from relatively shallow strata, revealing a significant extension of the mineral vein below 150 meters underground.

Reports from neighboring mines further affirm ongoing extraction of ore containing 200 to 700 grams of gold per ton at around 400 meters underground. We hold confidence that a comparable equilibrium ore will be extracted from depths exceeding 150 meters in our Kabologin mine.

Our plan encompasses the necessary investments in equipment to extract the targeted 1200 kilograms of gold, marking the commencement of mining operations. This phased process is anticipated to span approximately four years, commencing with the installation of large-scale equipment. Simultaneously, we will undertake the second and third confirmed reserve surveys, projecting a confirmed reserve of approximately 20 tons to augment the company's asset value.

Presently, the operational management of our Kabologin mine involves three resident Japanese staff and four administrative staff in the UK, alongside approximately 60 local personnel, all contributing to the progressive development of the mining venture.

Routine updates on our on-site activities are shared through YouTube videos and blogs.