African Gold Ltd (a1g) Logo

African Gold Ltd (A1G)

___:___ · Basic Materials

A1G Chart


A1G's Principal Activity is the exploration and evaluation of mineral resources.

Share Price Activity

Last (Price)
Change 0.00 (0.00)
Bid / Ask -
Volume (4w avg)
Day Range -
Prev Close
Last Trade


1 Week
1 Month
2022 YTD
1 Year
vs Sector (1yr) -37.86%
vs ASX 200 (1yr) -38.23%


Market Cap Question Mark Icon
Excludes mandatory escrowed shares and foreign shares.
ASX Rank 1,825 of 2,413
Sector Rank 592 of 887

Key Fundamentals

Shares Issued
Sector Basic Materials
Similar Companies CHK / QML / MM1
EPS -$0.027
DPS $0.00
Book Value Per Share $0.09

Broker Consensus

A1G is not covered by a major broker, or data from most recent compilation was omitted due to not meeting QA guidelines.


Date Heading Pages File Size Time

Corporate Overview

African Gold Limited (A1G) is involved in exploration and evaluation of mineral resources and pursuing various investment opportunities in the resources sector designed to add shareholder value by acquiring, exploring, evaluating and exploiting mineral resource project opportunities in Africa.

Incorporation Details

No incorporation details available.

Corporate Details

Head Office Subiaco WA 6008
Registry Automic Group
Auditor Grant Thornton Audit Pty Ltd
Date Listed 14 Feb 2019

Upcoming Calendar (Forecasted)

Date Event
29/07/2022 Report (Quarterly)
28/10/2022 Report (Quarterly)
30/01/2023 Report (Quarterly)
30/03/2023 Report (Annual)

Dividend History

DPS and Yield calculations use the Pay Date.

Ex-Date Amount Franking Gross Type Payable
No dividends paid.

See Upcoming Dividends for all ASX companies.

Directors & Management

Directors & Management

Name Title Since Bio
Mr Peter Williams Non-Executive Director Feb 2021

Mr Peter Williams

Non-Executive Director

Mr Williams is the former Chief Geophysicist and Manager of Geoscience Technology for WMC Resources. He was one of the founding members of Independence Group Limited and developed high powered three-component 3D time domain electromagnetic applications that led to the discovery of nickel at the Victor Long Nickel Mine in Kambalda. Peter has experience in exploration for different mineral systems around the world, in both Greenfields, Brownfields and In-mine exploration, including porphyry, orogenic and epithermal gold, skarns and IOCG deposits. He has been involved in the development of new global exploration techniques and work-flows. He was a co-founder of the International Resource Sector Intelligence company, Intierra, and was a co-founder of the first dedicated hard rock mineral seismic company in the world, HiSeis. He was involved in the target identification and acquisition of gold in West Africa, including the Wahignion and Batie Gold Deposit in Burkina Faso and Papillion's Gold Deposit in Mali. Peter is an Adjunct Professor of the Centre for Exploration Targeting at the University of Western Australia and is on the Advisory Board of the Institute of Mineral and Energy Resources at the University of Adelaide. He is currently Managing Director of ASX listed Alderan Resources Ltd and is a Non-Executive Director of Benz Mining Corp. (TSX-V and ASX listed).

Mr Simon Bolster Non-Executive Director Feb 2021

Mr Simon Bolster

Non-Executive Director

Mr Bolster has over 30 years of experience in the gold industry and has worked in over 30 countries across 5 continents including 15 countries in Africa. Mr Bolster also has knowledge in regolith, geochemistry and remote sensing. Mr Bolster has worked for mining companies including Normandy, Anglo American and Newmont where he held the roles of Consulting Geochemist and Global Manager of Remote Sensing and Spectral Geology. During his tenure with Newmont, he received an innovation award for new practical ways of mapping landscapes using 3D remote sensing techniques. He was also head of exploration for the successful Gryphon Minerals in West Africa, managing teams that that resulted in new economic discoveries at a number of projects. He co-founded and is Managing Director of Portable PPB which is researching and developing techniques to enable gold explorers to discover gold faster and explore smarter. He is a Non-Executive Director of ASX listed Riversgold Ltd.

Mr Mathew James O'Hara Non-Executive Director Apr 2020

Mr Mathew James O'Hara

Non-Executive Director

Mr O'Hara have experience in corporate finance, accounting and governance and has been employed by, and acted as, company secretary and CFO of several companies in the resources sector. Prior to these roles, Mr O'Hara spent 12 years at an international public practice firm in the Corporate Finance, Advisory and Audit divisions in Melbourne and Perth gaining experience with ASX, TSX and AIM listed clients across a diverse range of industries. Mathew is currently CFO and Company Secretary for ASX-listed companies Boss Energy Limited and Alderan Resources Limited.

Ms Oonagh Jane Malone Company Secretary Apr 2020
Mr Evan Alexander George Cranston Executive Chairman,Executive Director Mar 2018

Mr Evan Alexander George Cranston

Executive Chairman,Executive Director

Mr Cranston is an experienced mining executive with a background in corporate and mining law. He is the principal of corporate advisory and administration firm Konkera Corporate and has experience in the areas of equity capital markets, corporate finance, structuring, asset acquisition, corporate governance and external stakeholder relations. He is director of Benz Mining Corp., Carbine Resources Limited, Vital Metals Limited and Firebird Metals Limited and he was director of Boss Energy Limited, New Century Resources Limited, Primary Gold Limited and RareX Limited.

Mr Tolga Kumova Non-Executive Director Feb 2018

Mr Tolga Kumova

Non-Executive Director

Mr Kumova has 16 years experience in stockbroking, corporate finance and corporate restructuring, and has specialised in initial public offerings and capital requirements of mining focused companies. He has raised in excess of $500 million for mining ventures, varying from inception stage through to construction and development. Mr Kumova was a founding shareholder of Syrah Resources in 2010 and served as an Executive Director from May 2013 to October 2016, and as Managing Director from October 2014 to October 2016. During his tenure at Syrah Resources, Mr Kumova led the business from resource stage through to full funding through to development, gaining experience negotiating offtake agreements with numerous globally recognised counterparties. He is director of Aston Minerals Ltd and was director of Copper Strike Limited and New Century Resources Limited.

Mr Glenn Edwards Chief Executive Officer,Exploration Manager N/A

Director Transactions

A1G directors must report any change in shareholding to the ASX within 5 business days.

See Director Transactions for all ASX companies.

Date Director Type Amount Price Value Notes
31/08/21 Peter Williams Issued 2,000,000 $0.175 $350,000 Issue of options
31/08/21 Mathew O'Hara Issued 2,000,000 $0.175 $350,000 Issue of options
31/08/21 Simon Bolster Issued 2,000,000 $0.175 $350,000 Issue of options
22/02/21 Mathew O'Hara Issued 150,000 $0.10 $15,000 Placement
22/02/21 Evan Cranston Issued 2,500,000 $0.195 $487,500 Issue of options
22/01/21 Tolga Kumova Issued 2,000,000 $0.10 $200,000 Placement
22/01/21 Tolga Kumova Issued 2,500,000 $0.245 $612,500 Issue of options
12/01/21 Tolga Kumova Issued 648,192 $0.10 $64,819 Rights issue
30/12/20 Tolga Kumova Issued 950,001 $0.10 $95,000 Rights issue
30/12/20 Evan Cranston Issued 310 $0.10 $31 Rights issue
30/12/20 Mathew O'Hara Issued 2,084 $0.10 $208 Rights issue
30/12/20 Mathew O'Hara Issued 2,084 $0.10 $208 Rights issue
19/12/19 Evan Cranston Buy +1,858 $0.166 $309 On-market trade
02/10/19 Steven (Stephen) Parsons Buy +14,627 $0.207 $3,028 On-market trade
02/10/19 Tolga Kumova Buy +50,000 $0.201 $10,055 On-market trade
01/10/19 Steven (Stephen) Parsons Buy +2,500 $0.215 $538 On-market trade
01/10/19 Tolga Kumova Buy +150,000 $0.209 $31,397 On-market trade
30/09/19 Steven (Stephen) Parsons Buy +232,873 $0.209 $48,560 On-market trade

Director Interests

The current holdings of A1G directors.

Director Last Notice Direct Shares Indirect Shares Options Convertibles
Simon Bolster 31/12/2021 N/A 642,858 2,000,000 N/A
Mathew O'Hara 31/12/2021 230,359 N/A 2,000,000 N/A
Tolga Kumova 31/12/2021 N/A 11,954,821 12,500,000 N/A
Evan Cranston 31/12/2021 N/A 2,788 2,500,000 N/A
Peter Williams 31/12/2021 N/A 1,157,143 2,000,000 N/A

Shareholder Info

Top 20 Shareholders

Data supplied by Morningstar and accurate on Mar 22, 2022.

It's not possible to publish a real-time Top 20 Shareholder list. Companies are not obliged to report this data (with the exception of Substantial Shareholders above 5%). If a company chooses to publish the data, it's usually once a year in their Annual Report.

All data is manually compiled so there might be a delay between the Annual Report being published and the data appearing on Market Index (<7 days for ASX 300 and up to 30 days for micro-caps).

Name Shares Capital
Kingslane Pty Ltd <Cranston Super Pension A/C> 8,250,001 6.91%
Kitara Investments Pty Ltd <Kumova Family A/C> 8,250,001 6.91%
HSBC Custody Nominees (Australia) Limited 8,236,370 6.90%
BNP Paribas Nominees Pty Ltd Acf Clearstream 6,023,510 5.04%
Redstar Resources Limited 4,455,000 3.73%
BNP Paribas Noms Pty Ltd <Drp> 4,180,152 3.50%
Mr Mohamed Niare 3,976,747 3.33%
Kitara Investments Pty Ltd <Kumova Family A/C> (i) 3,629,819 3.04%
BNP Paribas Nominees Pty Ltd <IB AU Noms Retail Client DRP> 3,111,117 2.61%
Mr Stanislas De Stabernrath 2,862,484 2.40%
BNP Paribas Nominees Pty Ltd Six Sis Ltd <DRP A/C> 2,163,024 1.81%
Mr Mark John Bahen & Mrs Margaret Patricia Bahen <MJ Bahen Super Fund A/C> 2,024,723 1.70%
Mr Glen Warren Edwards 2,014,287 1.69%
Symorgh Investments Pty Ltd <Symorgh A/C> 2,000,000 1.67%
Kobia Holdings Pty Ltd 1,800,000 1.51%
Hunter Capital Advisors P/L 1,800,000 1.51%
Citicorp Nominees Pty Limited 1,744,406 1.46%
Mr Eric Kondo 1,500,000 1.26%
Antman Holdings Pty Ltd 1,424,994 1.19%
Malekula Projects Pty Ltd 1,392,859 1.17%

Shareholder Distribution

As reported in the most recent Annual Report.

Holding Size 1 - 1,000 1,001 - 5,000 5,001 - 10,000 10,001 - 100,000 100,001+ Total
No. of Shareholders 36 119 89 203 121 568

Substantial Shareholders

A substantial shareholder is a person or entity that owns 5% or more of the voting shares in a company. Shares can be held through multiple entities, so the Substantial Shareholders list differs from the Top 20 Shareholders list.

Shareholding changes less than 1% do not require notification to the market. When all “Last Notice” dates are identical, it suggests that no (or minimal) change has occurred since the most recent Annual Report.

Name Last Notice Total Shares Shares Held (%)
Kitara Investments Pty Ltd 22/03/2022 11,879,820 9.95
Kingslane Pty Ltd 22/03/2022 9,006,428 7.54

Shareholders Buying

12 month transaction history compiled from ASX announcements.

No buy transactions reported by Substantial Shareholders in the past 12 months.

Shareholders Selling

12 month transaction history compiled from ASX announcements.

No sell transactions reported by Substantial Shareholders in the past 12 months.

Historical Data

Share Price History

Date Close Change %Chg Open High Low Volume Turnover

Historical Data

Year Closing Price Last Trade
2021 $0.23 30 June
2020 $0.125 30 June
2019 $0.155 28 June
A1G Historical Price Data (CSV)
Up to 20 years of EOD share price history
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