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Pelangio Exploration Inc

www: www.pelangio.com   email: ir@pelangio.com
Category: Junior: Late Stage Developer
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Symbol Data

Symbol Currency
CVE:PX CAD
OTCMKTS:PGXPF USD

Description

Pelangio Exploration Inc are a gold focused junior, late stage developer with one mine in development in Ghana and exploration properties. They have approximately 0.5Moz. of gold in the reserves and resources category of which 0.2Moz. are in the measured and indicated category. They have a market capitalisation of ~C$17.21M which is a rise of roughly 129% over the last three months. As of 02/14/2025 they have no debt and ~C$0.37M cash. They have 173M shares outstanding and trade on the Canadian Venture Exchange and the over-the-counter markets.

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General Details

Financial 02/14/2025
Last
Analysis
Data
Current Data
Change
Item Value Value Updated Value
MCap (FD): $7.52M $17.21M 02/14/2025 $9.69M
Total Assets: $0.41M $0.42M 02/14/2025 $0.01M
Total Liabilities: $0.71M $0.72M 02/14/2025 $0.01M
Current Assets: $0.41M $0.42M 02/14/2025 $0.01M
Current Liabilities: $0.71M $0.72M 02/14/2025 $0.01M
Total Debt: $0.00M $0.00M 02/14/2025 $0.00M
Cash: $0.36M $0.37M 02/14/2025 $0.01M
Enterprise Value: $7.16M $16.85M 07/14/1970 $9.68M
Cash Flow: $0.00M $0.00M never $0.00M
Cash Flow Multiple: 0.00 0.00 never 0.00
Net Debt to
Cash Flow Ratio:		 n/a n/a never 0.00
Finance within 1 year: 02/14/2025 n/a
Misc 02/14/2025
Last
Analysis
Data
Current Data
Change
Item Value Value Updated Value
Shares Outstanding: 172,660,219 172,660,219 02/14/2025 0
Shares (FD): 266,765,383 266,765,383 02/14/2025 0
Insider Ownership: n/a n/a never n/a
Dividend (Annual): n/a n/a never n/a
Company Type: Mostly Gold Mostly Gold never n/a
Production ETA: n/a n/a 02/14/2025 n/a
Production (Gold Eq Oz.): (guess) 
0		 (guess) 
0		 02/14/2025 0
Production (Silver Eq Oz.): (guess) 
0		 (guess) 
0		 02/14/2025 0
Initial CapEx (Outstanding): n/a n/a 02/14/2025 n/a
Funding Option: n/a n/a 02/14/2025 n/a
Documentation: none none 02/14/2025 n/a
Future MCap Modifier: 0.05
Developer: Early Development
 0.05
Developer: Early Development
 08/27/2024 0
Cash Flow Multiplier: 2 2 08/27/2024 0.00

Resource Data

GOLD 02/14/2025
Last Analysis
Data
Current Data
Change
Item Value Value Updated Value
O
U
N
C
E
S		 T
O
T
A
L
 Proven & Probable: n/a n/a 02/14/2025 0.00M
Measured & Indicated: 0.20M 0.20M 02/14/2025 0.00M
Inferred: 0.30M 0.30M 02/14/2025 0.00M
Reserves & Resources: 0.50M 0.50M never 0.00M
P
L
A
U
S
I
B
L
E		 Proven & Probable: n/a n/a 02/14/2025 0.00M
Measured & Indicated: 0.14M 0.14M 02/14/2025 0.00M
Inferred: 0.14M 0.14M 02/14/2025 0.00M
Reserves & Resources: 0.28M 0.28M never 0.00M
C
U
R
R
E
N
T		 Annual Production: n/a n/a 0oz.
Cash Cost: n/a n/a 02/14/2025 $0.00
Extra Operating Cost: n/a n/a 02/14/2025 $0.00
Total: $1,600 $1,600 02/14/2025 $0.00
Margin (Free Cash Flow): n/a $0.00
G
R
A
D
E		 Underground (Avg): n/a n/a 02/14/2025 n/a
Open Pit (Avg): n/a 1.00 g/t 08/27/2024 1.00 g/t
Recovery Rate: (CG)  90.00% (CG)  90.00% 02/14/2025 0.00%
F
U
T
U
R
E		 Proven & Probable: 0.40M 0.40M 02/14/2025 0.00M
Annual Production: 35,000oz. 35,000oz. 02/14/2025 0oz.
Cash Cost: $1,000 $1,000 02/14/2025 $0
Extra Operating Cost: $600 $600 02/14/2025 $0
SILVER 02/14/2025
Last Analysis
Data
Current Data
Change
Item Value Value Updated Value
O
U
N
C
E
S		 T
O
T
A
L
 Proven & Probable: n/a n/a 02/14/2025 0.00M
Measured & Indicated: n/a n/a 02/14/2025 0.00M
Inferred: n/a n/a 02/14/2025 0.00M
Reserves & Resources: n/a n/a never 0.00M
P
L
A
U
S
I
B
L
E		 Proven & Probable: n/a n/a 02/14/2025 0.00M
Measured & Indicated: n/a n/a 02/14/2025 0.00M
Inferred: n/a n/a 02/14/2025 0.00M
Reserves & Resources: n/a n/a never 0.00M
C
U
R
R
E
N
T		 Annual Production: n/a n/a 0oz.
Cash Cost: n/a n/a 02/14/2025 $0.00
Extra Operating Cost: n/a n/a 02/14/2025 $0.00
Total: n/a n/a 02/14/2025 $0.00
Margin (Free Cash Flow): n/a $0.00
G
R
A
D
E		 Underground (Avg): n/a n/a 02/14/2025 n/a
Open Pit (Avg): n/a n/a 03/19/2023 n/a
Recovery Rate: n/a n/a 02/14/2025 0.00%
F
U
T
U
R
E		 Proven & Probable: n/a n/a 02/14/2025 0.00M
Annual Production: n/a n/a 02/14/2025 n/a
Cash Cost: n/a n/a 02/14/2025 n/a
Extra Operating Cost: n/a n/a 02/14/2025 n/a

Property

Last Analysis Data  (02/14/2025)
Stage Name Owned Au Ag Cu Notes
Exp Birch Lake 20% show
They entered to a JV with First Mining Finance which can earn 80% . I is adjacent to their Springpole project.
Exp Dalton 10% show
Early exploration.
On August 26, 2020, the Company relinquished its option to earn a 90% interest in the Dalton
Property.
Exp Grenfell 20% n/a
Exp Hailstone 90% n/a
Exp Kenogaming 100% n/a
Exp Poirier 100% n/a
Dev Manfo 90% show
500,000 oz shallow deposit (1 gpt). Still early exploration, but they appear to be advancing it toward production.
Exp Dankran 100% show
Adjacent to historic Obuom mine which in the 1930’s produced 29,000 ounces at an average grade of 16 g/t Au, with recent extensive artisanal mining activity evident extending from the mine site into the Dankran property;

Very limited exploration to date.

In order to acquire 100% interest in the Dankran property, Pelangio must pay to BNT Ghana an aggregate of $300,000, and issue 1,000,000 shares
Exp Obuasi 100% show
Large property next door to a 30 million oz deposit.
Total Land Package Size (ha): 118,928  
Current Data
Stage Name Owned Au Ag Cu Notes
Exp Birch Lake 20% show
They entered to a JV with First Mining Finance which can earn 80% . I is adjacent to their Springpole project.
Exp Dalton 10% show
Early exploration.
On August 26, 2020, the Company relinquished its option to earn a 90% interest in the Dalton
Property.
Exp Grenfell 20% n/a
Exp Hailstone 90% n/a
Exp Kenogaming 100% n/a
Exp Poirier 100% n/a
Dev Manfo 90% show
500,000 oz shallow deposit (1 gpt). Still early exploration, but they appear to be advancing it toward production.
Exp Dankran 100% show
Adjacent to historic Obuom mine which in the 1930’s produced 29,000 ounces at an average grade of 16 g/t Au, with recent extensive artisanal mining activity evident extending from the mine site into the Dankran property;

Very limited exploration to date.

In order to acquire 100% interest in the Dankran property, Pelangio must pay to BNT Ghana an aggregate of $300,000, and issue 1,000,000 shares
Exp Obuasi 100% show
Large property next door to a 30 million oz deposit.
Total Land Package Size (ha): 118,928  

Profitability (by resource)

Proven &
Probable		 02/14/2025
Last Analysis
Data
Current Data
Change
Item Value Value Updated Value
Percentage Gold: n/a n/a n/a 0.00%
Percentage Silver: n/a n/a n/a 0.00%
Total (Gold Eq. Oz.): n/a n/a n/a 0.00M
Total (Silver Eq. Oz.): n/a n/a n/a 0.00M
P

L

A

U

S

I

B

L

E		 Gold Eq. Oz.: n/a n/a n/a 0.00M
Silver Eq. Oz.: n/a n/a n/a 0.00M
Maximum Profit (Gold): n/a n/a n/a $0.00M
Maximum Profit (Silver): n/a n/a n/a $0.00M
Total Maximum Profit: n/a n/a n/a $0.00M
Max Profit / Current MCap: n/a n/a n/a 0.000
Max Profit Per Share (Gold): n/a n/a n/a $0.00
Max Profit Per Share (Silver): n/a n/a n/a $0.00
Total Max Profit Per Share: n/a n/a n/a $0.00
Total Free Profit Per Share: n/a n/a n/a $0.00
FD MCap / Gold Eq.: n/a n/a n/a $0.00
FD MCap / Silver Eq.: n/a n/a n/a $0.00
FD MCap / Per Metal
as % Spot Price:		 n/a n/a n/a 0.00%
Measured &
Indicated		 02/14/2025
Last Analysis
Data
Current Data
Change
Item Value Value Updated Value
Percentage Gold: 100.00% 100.00% n/a 0.00%
Percentage Silver: n/a n/a n/a 0.00%
Total (Gold Eq. Oz.): 0.20M 0.20M n/a 0.00M
Total (Silver Eq. Oz.): n/a n/a n/a 2.06M
P

L

A

U

S

I

B

L

E		 Gold Eq. Oz.: 0.14M 0.14M n/a 0.00M
Silver Eq. Oz.: n/a n/a n/a 1.49M
Maximum Profit (Gold): $185.27M $244.25M n/a $58.98M
Maximum Profit (Silver): n/a n/a n/a $0.00M
Total Maximum Profit: $185.27M $244.25M n/a $58.98M
Max Profit / Current MCap: 24.621 14.190 n/a -10.432
Max Profit Per Share (Gold): $0.69 $0.92 n/a $0.22
Max Profit Per Share (Silver): n/a n/a n/a $0.00
Total Max Profit Per Share: $0.69 $0.92 n/a $0.22
Total Free Profit Per Share: $0.65 $0.83 n/a $0.17
FD MCap / Gold Eq.: $52.26 $119.54 n/a $67.28
FD MCap / Silver Eq.: $0.59 $1.20 n/a $0.62
FD MCap / Per Metal
as % Spot Price:		 1.81% 3.63% n/a 1.82%

Reserves &
Resources		 02/14/2025
Last Analysis
Data
Current Data
Change
Item Value Value Updated Value
Percentage Gold: 100.00% 100.00% n/a 0.00%
Percentage Silver: n/a n/a n/a 0.00%
Total (Gold Eq. Oz.): 0.50M 0.50M n/a 0.00M
Total (Silver Eq. Oz.): n/a n/a n/a 5.16M
P

L

A

U

S

I

B

L

E		 Gold Eq. Oz.: 0.28M 0.28M n/a 0.00M
Silver Eq. Oz.: n/a n/a n/a 2.88M
Maximum Profit (Gold): $358.96M $473.24M n/a $114.28M
Maximum Profit (Silver): n/a n/a n/a $0.00M
Total Maximum Profit: $358.96M $473.24M n/a $114.28M
Max Profit / Current MCap: 47.703 27.492 n/a -20.211
Max Profit Per Share (Gold): $1.35 $1.77 n/a $0.43
Max Profit Per Share (Silver): n/a n/a n/a $0.00
Total Max Profit Per Share: $1.35 $1.77 n/a $0.43
Total Free Profit Per Share: $1.31 $1.68 n/a $0.38
FD MCap / Gold Eq.: $26.97 $61.70 n/a $34.73
FD MCap / Silver Eq.: $0.30 $0.62 n/a $0.32
FD MCap / Per Metal
as % Spot Price:		 0.93% 1.87% n/a 0.94%

Future Valuation (Cash Flow & Totals)

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