MASI operates its gold mining concessions through its subsidiary, “Mingo Gold”. Mingo Or (MG) is organized under Senegalese law (registration number SN-DKR-2013-B-17644) and structured similarly to a US LLC. Mingo Gold holds its own individual Exploration, Prospection d'autorisation et de permis. The company’s five mining concessions consist of the “Seekoto Benkanto” Concession, the” Sining Kang” concession, the Bencoutou Concession, Livre Voon concession et l'or Diakha et Diamond Mine concession. MASI has tentative agreements for additional concessions to be signed in the very near future and mining expansion plans in the DRC, Liberia and Guinea.