African Eagle Resources has now regained full control and ownership of the project, but said it would consider new partners for Miyabi and would follow up a number of approaches that it could not pursue until now.

"We are pleased with the investment and progress made at Miyabi by Randgold under the JV," said MD Mark Parker.

"We will now resume work building on the existing gold resources, using the extensive results of the regional exploration, geological drilling and structural modelling generated by Randgold's team over the past 15 months, together with the gold mineralised targets identified from our own exploration," he stated.

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