AJN Resources Inc

Promotional Strapline: Looking for the next world class asset in the DRC & Ethiopia
Primary Ticker: CSE:AJN, Frankfurt:5AT
Stage of Development: Exploration
Primary Minerals: Gold, Lithium
Country / Region: DR Congo, Ethiopia
Market Cap 15M
Website: AJN Resources Inc

AJN recently entered into a non-binding term sheet with Amani Consulting, Giro Goldfields & Mabanga Mining where AJN can acquire a 55% direct interest in the Giro Gold Project. The Giro Gold Project comprises two exploitation permits, PE 5046 and PE 5049, that cover a surface area of about 497km² and lie within the Kilo Moto Greenstone Belt in the Haute-Uele Province in the north-east of the DRC, c.35km west of the renowned Kibali Mine. AJN is also looking at other projects with significant resources as well as old gold mining areas in the DRC.

AJN also has the option to acquire 70% of the highly prospective Okote Gold Project in Southern Ethiopia; on strike to the ~4.5moz Lega Dembi gold mine 60km to the north. Gold mineralisation identified over 2,400m at Okote (reported up to 13m at 8.71g/t Au & 11.65m @ 4.59g/t from historic drilling). Previous studies have confirmed multi-million ounce potential.

AJN continues to have an option agreement on the highly prospective Kabunda Litium project, located c.120km to the SE of Manono, DRC. Pegmatites with visible spodumene have been identified over 7km (widths of 50m - 300m).

 

Management Profile

Klaus Eckhof, President & CEO

Mr. Eckhof is a geologist with more than 30 years of experience developing mineral deposits throughout the globe including more than 20 years in the DRC. Mr Eckhof worked for Mount Edon Gold Mines Ltd as Business Development Manager before it was acquired by Canadian mining company Teck. In 1994, he founded Spinifex Gold Ltd and Lafayette Mining Ltd, both of which successfully delineated gold and base metal deposits. In late 2003, Mr. Eckhof founded Moto Goldmines which acquired the Moto Gold Project in the DRC. There, Mr. Eckhof and his team delineated more than 20 million ounces of gold and delivered a feasibility study within four years from the commencement of exploration. Moto Goldmines was subsequently acquired by Randgold Resources (NASD: GOLD) (LSE: RRS) who poured first gold in September 2013 (600,000 ozs per year producer). Mr. Eckhof was the Executive Chairman of AVZ Minerals Ltd (ASX: AVZ). AVZ was a mineral exploration company focused on developing the Manono Project, potentially one of the world’s largest lithium-rich LCT (lithium, caesium, tantalum) pegmatite deposits, located in the southeast of the DRC.

 

What are your key goals for the next 3, 6 and 12 months?

3 Months:

Settle the Giro Gold Project deal announced on December 8th 2025 and several other deals, which are in the pipeline and again mainly focused on the DRC. Commence drilling imminently at the Okote Gold Project in Southern Ethiopia.

6 Months:

Commence an aggressive drilling program on all new acquisitions.

12 Months:

Complete Maiden Resources on some of the acquisitions or where there already are resources, complete an upgrade and continue to expand exposure to DRC.

 

What do you think makes your company such a compelling investment?

A strong highly credentialed Management team & Board who have an extensive network and significant experience operating in the DRC. Management have successfully delivered 3 world class deposits including the Kibali Gold deposit, AVZ Manono Lithium deposit and AFM's Tin deposit. Furthermore, management has developed excellent relations with mining and Congolese authorities which is key in mitigating any unforeseen issues.

The senior team at AJN have worked in-country for over 23 years and have a strong affinity and desire to assist local communities through the development and provision of health, education and employment initiatives.