Core Viewpoint - AJN Resources Inc. has signed a non-binding term sheet to acquire a 55% indirect interest in the Giro Gold Project, aiming to become a significant player in the Democratic Republic of the Congo's gold sector [1][3]. Group 1: Acquisition Details - The non-binding term sheet allows AJN to purchase a 55% registered and beneficial interest in Giro Goldfields through the issuance of 250 million common shares [15]. - The acquisition is subject to conditions including satisfactory due diligence and necessary approvals [15]. - Upon closing, AJN will have the option to acquire an additional 10% interest for either $30 million within 12 months or $50 million within 24 months [15]. Group 2: Project Overview - The Giro Gold Project consists of two exploitation permits covering approximately 497 km² in the Kilo Moto Greenstone Belt, located about 35 km west of the Kibali Mine [2]. - The project includes two main deposits: Kebigada and Douze Match, both of which exhibit similar mineralization styles to the Kibali Deposit [5][12]. Group 3: Mineral Resource Estimates - The Kebigada deposit has a historic JORC 2012 mineral resource estimate of 141.1 million tonnes at 0.97 g/t Au, containing approximately 4.4 million ounces of gold [10]. - The Douze Match deposit has a historic estimate of 84,879 ounces at 1.2 g/t Au [12]. - Previous drilling at Kebigada confirmed mineralization over 1.3 to 1.5 km with widths of up to 350-400 m and depths exceeding 300 m [9]. Group 4: Financial Activities - AJN has announced a non-brokered private placement offering of up to 3 million units at a price of 16.5 cents per unit, aiming for gross proceeds of up to $495,000 [18]. - The proceeds will be allocated for due diligence on Giro Goldfields and the Giro Gold Project, as well as for exploration activities [18]. - The company has also issued 666,666 common shares to each of three finders as part of finder's fee agreements [17].