A unique partnership opportunity
The global demand for natural resources, minerals and precious metals has never been greater.
Seventy Ninth Global DMCC is a direct equity offering that gives partners the opportunity to participate in the desirable growth opportunities presented by West Africa’s natural resources.
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The Partnership Opportunity
At Seventy Ninth Global DMCC, our aim is to unlock the potential of the Republic of Guinea, a country rich with natural resources, minerals and metals – including gold, bauxite, iron ore and diamonds.
We have been operating in Guinea since 2011, and we use our decades of experience gained within the real estate industry to turn undervalued assets into commercial opportunities.
This partnership approach leverages the experience and on-the-ground resources of the Seventy Ninth Group, as well as the input from appointed representatives, including SRK Exploration Services.
About Seventy Ninth Global DMCC
Seventy Ninth Global DMCC is a private equity offering registered in 2022 with the Dubai Multi Commodities Centre (DMCC) in the United Arab Emirates (UAE). The DMCC is the global centre of commodities investing, serving as a commodities exchange for more than 21,000 registered members.
The Advantages of a DMCC Structure
The Dubai government offers several tax incentives for partners in DMCC-listed companies. These include:
- 0% tax rate on dividends and capital gains.
- 50% reduction in tax on repatriation of profits.
- No exchange controls and no restrictions on repatriation of capital and profits abroad.
Additionally, DMCC-listed companies are eligible for certain exemptions from customs duties and value-added tax.
The UAE has signed a multilateral tax treaty with West African countries to promote trade between the two regions. Under the treaty, businesses will benefit from lower taxes on profits and dividends earned from partnerships in both regions.
Our Projects
Our Lusso South concession borders the AngloGold Ashanti mine. The Lusso South sampling results indicated anomalous gold values in several areas. The initial exploration was to determine the viability of one location within this concession for drilling, but the sampling results showed up to six sites qualified for a drilling programme. Independent verification recommended we proceed immediately to diamond drilling based on sampling figures of up to 6.7 grams of gold per tonne.
Our Lusso North concession is situated in the Kankan district of north eastern Guinea, within the Siguiri Basin. Sampling results of the exploration at Lusso North indicated significant potential mineralisation, with highly anomalous gold values found.
Lusso Mandiana was recognised as a target site of very significant value due to known and historical explorations.
Partnership Objectives
The partnership objective is to raise additional capital to take Seventy Ninth Resources beyond the drilling phase of exploration onto the Mineral Resource Estimation stage and develop the three concessions at the Lusso North, South and Mandiana sites in preparation for a listing on the TSXV.
The offering is open to all partners interested in leveraging the pivotal stage of concession exploration following substantially positive results in the key initial phases.
The aim is to source strategic partnerships that will support the expedited extraction process of our operational concessions.
The company’s objective to list on the TSXV, alongside confirmed exit routes and potential joint ventures with established mining companies, will enable us to progress to full extraction of the commodity on our concession sites.
Our Strategic Advisors
Our years of experience in the natural resources sector mean we understand the importance of abiding by all applicable industry regulations and codes across every jurisdiction we operate in.
To achieve this, we work with several highly trusted and highly accredited international firms, including SRK Exploration, Ernst & Young, Fieldfisher LLP and Ardalan & Associates. These firms advise our operations and ensure the highest compliance standards are adhered to.
By working alongside a strong group of strategic partners, we are building an entrepreneurial gold mining business, rewriting the resource extraction playbook, and accelerating the process from targeting mineral-rich assets to drilling, resource validation and exit.
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