Active gold processing operations have commenced at the Libeli Mine site following the successful delivery and test-running of a pilot processing plant by Japaul Gold & Ventures Plc, signalling the company’s transition from exploration into full-scale mining activities.
In a formal notification to Nigerian Exchange Limited and the investing public, the company said the milestone marks the culmination of more than four years of geological exploration, acquisition of statutory mining titles and regulatory approvals.
Japaul Gold currently holds four gold mining leases spanning Taraba, Niger and Osun States, positioning it among emerging indigenous players seeking to deepen Nigeria’s solid minerals value chain.
Pilot Plant Capacity and Expansion Plan
According to the company, the newly commissioned pilot facility is designed to process both hard-rock and alluvial gold deposits, with an estimated production capacity of between 18,000 and 21,000 grams of gold per month at optimal performance. Commercial production is scheduled to begin in May.
As part of its long-term growth strategy, the firm disclosed that an industrial-scale processing plant is expected for delivery in the fourth quarter of 2026. The larger facility is projected to significantly boost output, with a targeted monthly processing capacity of 210,000 grams.
The expansion aligns with the company’s roadmap to scale annual production and strengthen its footprint in Nigeria’s mining sector, amid renewed government emphasis on diversifying revenue sources beyond crude oil.
Technical and Governance Strengthening
Technical operations at the Libeli site are being overseen by the company’s Canadian Managing Director (Mining), Mr. David Dawson, who brings over three decades of experience in large-scale mining operations across North and South America. He is supported by a team of expatriate and local technical specialists with operational experience across African gold fields.
The company also highlighted recent governance enhancements, including the ratification of its Board of Directors under Chairman Mr. Segun Oloketuyi. Executive management is led by Acting Group Managing Director Mr. Henry Alakhume and Chief Financial Officer Mr. Adegboyega Adebukunola.
Regulatory compliance and corporate governance oversight continue under the advisory guidance of Royal Heritage Solicitors & Advocates, as the company positions itself for increased production and investor confidence.
Industry analysts note that the commencement of processing activities at Libeli represents a significant step for Japaul Gold, as Nigeria seeks to formalise and expand its gold mining industry to boost exports, create jobs and improve foreign exchange earnings.