WASHINGTON, D.C. — Shares of junior miner Dalaroo Metals jumped 67% in early trade to 12.5 U.S. cents after the company announced a high‑grade gold discovery in Côte d’Ivoire, reporting 18 million tonnes grading 7.31 g/t gold and a broader 23 million‑tonne zone at 2.14 g/t.

The find comes as the Ivorian government continues to liberalise its mining sector, offering tax incentives and streamlining permit processes to attract foreign investment. Dalaroo, which listed on the London Stock Exchange’s AIM market last year, said the strike aligns with its strategic plan to expand production in West Africa, a region that accounted for roughly 12% of global gold output in 2023.

Investors greeted the news with optimism, pushing the stock’s market capitalisation past the US$200 million threshold. Analysts at Bloomberg noted that the high‑grade core could support a rapid ramp‑up, potentially adding 30,000 oz of gold to Dalaroo’s pipeline within two years, subject to financing and infrastructure development.

“The Côte d’Ivoire resource is the highest‑grade material we have ever encountered in our portfolio,” said Michael O’Leary, chief executive officer of Dalaroo Metals, in a statement. “We are now positioned to deliver meaningful shareholder value while contributing to the country’s economic diversification goals.”

Market commentator Jane Liu of Citi Research added, “If Dalaroo can convert the indicated resources into proven reserves, the company could become a notable mid‑tier producer, attracting both equity and debt capital at favourable terms.”

Key Takeaways

• Gold strike: 18 Mt at 7.31 g/t and 23 Mt at 2.14 g/t reported.
• Share price surged 67% to 12.5 cents, lifting market cap above US$200 million.
• Ivory Coast’s mining reforms are expected to ease project financing and export logistics.

While the discovery boosts Dalaroo’s growth outlook, the company must still navigate local infrastructure constraints and secure additional funding to move from exploration to production, a process that could take 18‑24 months.