Resource LedgerMVP v0.2.0
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Nigeria

West Africa

NGA
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Gold

Strategic Resource

Metal • gold • 2 deposit(s)

CONTESTED FIGURES: "21.37 tonnes reserves" widely cited but unverified by independent audit. Only ONE industrial mine (Segilola) operating. SECURITY CRISIS: Zamfara (largest producing state) effectively controlled by bandits - no formal surveys possible. Artisanal gold smuggled out unmeasured. Actual national production unknown.

Ilesha Gold Belt (Segilola Mine)

Osun

producingExport Ready
Grade: 4.2 g/t - High-grade orogenic gold. Open pit mining.
Security:2/5Regulatory:2/5Environmental:2/5
Proved350.00K oz_troy(recoverable)

📊Data Quality

Quality Tier:proved
Confidence:85%
As of:2024-12-31
✓No data quality warnings

Sources

  • Segilola Gold Mine Annual Report 2024
    Thor Exploration, 2024
  • Nigeria Gold Reserves Assessment
    Central Bank of Nigeria, 2024
Base Case

Basis: recoverable (not applied)

= 30.0%

Gross Value

$1.59Bmodeled

State Value

$477.75Mmodeled
Conservative

Basis: recoverable (not applied)

= 30.0%

Gross Value

$1.40Bmodeled

State Value

$420.00Mmodeled
Optimistic

Basis: recoverable (not applied)

= 30.0%

Gross Value

$1.75Bmodeled

State Value

$525.00Mmodeled
Notes: Segilola mine reserves. Ilesha belt estimated >$5 billion gold value.

Zamfara Gold Fields

Zamfara, Kebbi, Niger, Kaduna

exploration
Security:5/5Regulatory:4/5Environmental:4/5
Inferred⚠400.00K oz_troy(in-place)

📊Data Quality

Quality Tier:inferred
Confidence:35%
As of:2024-06-30

Warnings

⚠️Inferred estimate with low geological certainty. Confidence capped at 60%.
⚠️Low effective confidence: 35%

Sources

  • Nigeria Gold Rush Report
    Nigerian Geological Survey Agency, 2024
Base Case

Basis: in-place (applied)

= 30.0%

Gross Value

$1.09Bmodeled

State Value

$327.60Mmodeled
Notes: HIGHLY UNCERTAIN: "Largest gold producing state" claim impossible to verify. Last formal survey was 2012. All current production is illegal artisanal mining, unreported and unmeasured.
Occurrence Only⚠2.00M oz_troy(in-place)

📊Data Quality

Quality Tier:occurrence_only
Confidence:15%
As of:2024-06-30

Warnings

⚠️Occurrence-only estimate with no confirmed reserves. Cannot contribute to headline totals.
⚠️Low effective confidence: 15%

Sources

  • Informal Mining Sector Analysis
    World Bank Africa Region, 2023
Base Case

Basis: in-place (applied)

= 30.0%

Gross Value

$3.64Bmodeled

State Value

$1.09Bmodeled
Notes: SPECULATIVE: Some industry analysts believe Zamfara could hold 2M+ oz based on artisanal output patterns. Completely unverified. Included to illustrate uncertainty range.