Japaul Gold & Ventures Plc has taken a significant step toward full-scale mining operations with the delivery and commencement of test runs at its pilot gold processing plant located at the Libeli Mine site. The company confirmed that commercial production is expected to begin in May.
In a formal notice to the Nigerian Exchange Limited and investors, the firm said the development marks its transition from exploration activities into active mining and gold processing. The milestone follows more than four years of geological surveys, acquisition of statutory mining licences and securing of regulatory approvals.
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According to the company, it currently holds four gold mining leases spread across Taraba, Niger and Osun states, positioning it as an emerging player in Nigeria’s gold sector.
The newly installed pilot plant is designed to process both hard-rock and alluvial gold deposits. At full capacity, the facility is expected to handle between 18,000 and 21,000 grams of gold per month, providing an initial production base as the company scales operations.
“In accordance with the company’s strategic roadmap to scale annual production, an industrial-scale processing facility is slated for delivery in the fourth quarter of 2026.
This high-capacity plant will significantly expand the company’s output, with a projected monthly processing volume of 210,000 grams,” the statement read in part.
The company said its mining operations are being overseen by its Canadian Managing Director (Mining), Mr. David Dawson, who brings over three decades of experience in large-scale mining projects across North and South America. He is supported by a team of expatriate professionals and technical specialists with operational experience in African gold mining.
Beyond operational updates, Japaul Gold also pointed to recent governance changes within the organisation. The company confirmed the ratification of its Board of Directors under Chairman Mr. Segun Oloketuyi. The executive management team includes Acting Group Managing Director, Mr. Henry Alakhume, and Chief Financial Officer, Mr. Adegboyega Adebukunola.
The firm added that regulatory compliance and corporate governance oversight are being maintained with advisory support from Royal Heritage Solicitors & Advocates.
With test runs now underway and commercial production set to begin in May, Japaul Gold’s move signals a new phase in its growth strategy, as it positions itself to scale output and strengthen its presence in Nigeria’s mining industry.
