(Ecofin Agency) - Ivorian gold has drawn into the country several companies in recent years, thanks to a steady output increase. The country, however, is one of the top 10 manganese producers in the world.

Mako Gold seeks a strategic partner to develop its Korhogo manganese project in Côte d'Ivoire. The Australian firm announced in a statement dated March 19 that it was negotiating with potential parties.

Mako Gold(ASX:MKG) is delighted that the complimentary IP geophysical survey has proved to be successful in identifying manganese. Napié gold project remains the priority focus for exploration for Mako​. https://t.co/SEcPgwNrzG pic.twitter.com/3D8vZxQGjx

— Mako Gold (@MakoGoldLtd) March 18, 2024

The selected partner must fund the exploration and potential development of a mine. The Korhogo project has already undergone several exploration works, identifying multiple high-grade manganese mineralization zones. The project is 100% owned by Mako.

While Mako is more focused on its flagship asset in Côte d’Ivoire, the Napié gold project, the projected partnership could speed up exploration at the Korhogo project, with the new investor’s money and engagement.

Côte d'Ivoire is one of the 10 biggest manganese producers worldwide. The Korhogo project could bolster the country’s position in this market, provided exploration works confirm the presence of economically viable deposits.