WorldStage– Japaul Gold and Ventures is set to turn out 21,000 grams of gold monthly after the test run of its pilot processing plant at Libeli, Niger.
Company Secretary Chindima Okolo said in an announcement on the Nigerian Exchange Group during the week the new plant features capabilities that can extract gold from hard rock and alluvial deposits.
“Upon full installation at the Libeli site, commercial gold production is scheduled to commence in May 2026,” Okolo said.
Japaul Gold and Ventures, a division of the maritime player Japaul Group, is the second listed gold explorer in Nigeria.
It follows Segilola Gold Mine, a subsidiary of the Canadian giant Thors Explorations, producing 7,000 to 7,700 ounces of gold per month.
At full capacity, Okolo said the Libeli facility will process between 18,000 and 21,000 grams monthly. By Q4 of 2026, an industrial-scale plant will amp up production to 210,000 grams monthly in the lead-up to the 30 million ounces it targets by 2028.
Libeli is one of the four sites for which Japaul Gold and Ventures has secured licenses. According to the company, $1.6 billion worth of gold sits in one of the mines.
The pilot phase began following more than four years of exploration, lease acquisition, and regulatory approvals.
Other solid mineral resources Japaul explores include copper, lithium, lead, and zinc.
