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Stellar AfricaGold Inc (2)
Symbol SPX
Shares Issued 64,970,784
Close 2026-03-16 C$ 0.12
Market Cap C$ 7,796,494
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Stellar JV starts mapping, lidar at Zuenoula

2026-03-16 16:20 ET - News Release

Mr. Francois Lalonde reports

STELLAR AFRICAGOLD - REGOLITH MAPPING AND LIDAR SURVEY COMMENCED AT ZUENOULA GOLD PROJECT, COTE D'IVOIRE

Stellar AfricaGold Inc. has provided an update on the exploration progress at the Stellar-MetalsGrove joint venture Zuenoula gold project, Ivory Coast.

Highlights

  • SEMS Exploration Cote d'Ivoire SARL was engaged to undertake an integrated regolith mapping, rock chip sampling and high-resolution lidar (light detection and ranging) survey at the Zuenoula project in central Ivory Coast.
  • Regolith land form mapping program will cover the target area using field traverses, rock chip sampling, and integration with soil geochemistry and remote sensing data.
  • UAV lidar survey covering approximately 21 square kilometres will generate high-resolution Digital Terrain Models (DTM) and orthophoto imagery to support structural interpretation and target generation.
  • Lidar survey to be completed using DJI Matrice RTK drone with Zenmuse L2 lidar sensor, delivering approximately 94 points/square metre density with five-centimetre horizontal and four cm vertical accuracy.
  • Combined programs designed to refine structural interpretation, improve regolith understanding and prioritize future drilling targets within the Zuenoula permit area.
  • Programs expected to be completed by the end of March subject to weather conditions.

Stellar-MetalsGrove joint venture Zuenoula gold project, Ivory Coast

The Stellar-MetalsGrove Zuenoula gold project is a joint venture exploration project between Stellar's Ivorian subsidiary, Aucrest SARL, and MetalsGrove Mining Ltd., subsidiary MetalsGrove CDI Pty. Ltd. (MetalsGrove), to advance Stellar's 395.78-square-kilometre early stage exploration permit called Zuenoula in Ivory Coast. Pursuant to the joint venture agreement MetalsGrove, the project operator, may earn up to a 50-per-cent interest in the Zuenoula gold project by incurring $3-million (U.S.) in exploration expenditures and up to an 80-per-cent interest in the Zuenoula gold project by incurring a total of $6-million (U.S.) in exploration expenditures.

For further details of the Stellar-MetalsGrove joint venture agreement see Stellar news release dated Dec. 9, 2025.

Stellar management commentary

Stellar president and chief executive officer J. Francois Lalonde commented:

"Zuenoula project operator MetalsGrove's commencement of detailed regolith mapping and high-resolution lidar surveying at Zuenoula represents an important step in advancing the exploration strategy for the Zuenoula gold project.

"These programs will provide critical data sets to better understand regolith development, structural controls and gold dispersion patterns across the project area.

"By integrating lidar topography with geological mapping and geochemical data sets, the Stellar/MetalsGrove joint venture aims to rapidly refine priority targets for future drilling programs and further unlock the gold potential of this highly prospective exploration permit in central Cote d'Ivoire."

Zuenoula regolith mapping and high-resolution lidar survey program

Stellar is pleased to announce is pleased to announce the commencement of a regolith mapping and high-resolution lidar survey program at its Zuenoula project, located within the company's Central West gold project in Ivory Coast.

Regolith mapping and rock chip sampling program

The regolith mapping program is designed to improve understanding of surface landforms, regolith development and gold dispersion patterns across the target area where outcrop is limited.

The program will include:

  • Systematic geological traverses across the area of interest;
  • Rock chip sampling and field observations during mapping traverses;
  • Integration of soil geochemistry datasets with regolith interpretation;
  • Interpretation using the RED/FRED regolith classification system (relict erosional depositional/ferruginous relict erosional depositional).

The mapping program will utilise both field data collection and remote sensing interpretation, enabling the development of a regolith landform map and digital GIS data sets to guide the next stage of geochemical and drilling programs.

The work will be led by an experienced West African regolith specialist with more than three decades of exploration experience across Birimian terrains.

UAV lidar survey

In parallel with the regolith mapping program, MetalsGrove will undertake a UAV-based lidar survey covering approximately 21 square km over priority areas of the Zuenoula permit.

The survey will generate high-resolution topographic data sets including:

  • Digital terrain model (DTM);
  • High-resolution orthophotography.

The lidar survey will be conducted using a DJI Matrice 300 RTK drone equipped with a Zenmuse L2 lidar sensor, flown at approximately 150 m above ground level.

Key technical parameters include:

  • Point cloud density: approximately 94 points per m;
  • Horizontal accuracy: approximately five cm;
  • Vertical accuracy: approximately four cm;
  • Optical imagery resolution: one to three cm orthophoto accuracy.

To ensure high positional accuracy, the survey will utilize DGPS base stations, RTK positioning and multiple ground control points established across the survey area.

The survey is expected to require approximately 38 to 42 drone flights and is anticipated to be completed within a week, subject to weather and site access conditions.

Program objectives

The integrated dat asets from these programs will significantly enhance the company's understanding of:

  • Structural architecture and subtle topographic features;
  • Regolith development and gold dispersion pathways;
  • Potential structural controls on mineralization.

This information will be used to refine priority exploration targets and guide future drill planning within the Zuenoula permit.

About the Zuenoula gold project

The Stellar-MetalsGrove Zuenoula gold project is a joint venture exploration project between Stellar's Ivorian subsidiary, Aucrest, and MetalsGrove Mining Ltd. subsidiary MetalsGrove CDI Pty. Ltd. (MetalsGrove) to advance Stellar's 395.78-square-kilometre early stage exploration permit in Ivory Coast. The Zuenoula permit is strategically situated along the Abujar-Napie gold trend within the Oume-Fetekro Birimian greenstone belt in central Ivory Coast, 100 kilometres north of the Abujar gold mine and 160 km south of the Napie gold deposit.

Qualified person

The technical information contained in this release has been reviewed and approved by Robert Perring, a current member of the Australian Institute of Geoscientists (MAIG) and exploration manager of MetalsGrove Mining. Mr. Perring is a qualified person under National Instrument 43-101.

About Stellar Africagold Inc.

Stellar AfricaGold is a Canadian precious metal exploration company focused on precious metals in North and West Africa, with active programs in Morocco and Ivory Coast. Stellar's principal exploration projects are its advancing gold discovery at the Tichka Est gold project in Morocco, and its early stage exploration Zuenoula gold project in Ivory Coast, which is operated in joint venture with MetalsGrove Mining subsidiary MetalsGrove CDI.

The company maintains its head office in Vancouver, B.C., and has a country office in Marrakech, Morocco.

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