Active Projects
Mining & Resources
Investment-grade gold exploration permits in West Africa's premier geological corridors.
Gold Exploration · West Africa
WTA001
A high-potential gold exploration permit located on a major transcurrent shear zone in West Africa, surrounded by multi-million ounce deposits. The permit is in full administrative standing with an active exploration program underway.
Permit Area
175 km²
Validity
Renewed 2025 — 3 years
Stage
Geochemistry & Infill Sampling
Next Steps
AirCore drilling on priority anomalies upon infill geochemistry completion.
Key Highlights
- 11+ structured gold anomalies identified (30–600 ppb Au)
- Located on a major transcurrent shear zone hosting multi-million oz deposits
- First-phase termite mound survey (4,100 samples) completed
- Infill sampling program underway at 200m × 50m grid
- Permit in full administrative standing with state convention
- 25% of renewed permit surface available for partnership
Gold Exploration · West Africa
GMC875
An advanced-stage gold exploration permit with publicly confirmed high-grade drilling results. The mandatory restitution of 25% of the permit surface at renewal creates a strategic entry opportunity for investors.
Permit Area
Confidential
Validity
Under renewal — 25% restitution
Stage
Advanced Exploration
Next Steps
Arendal Spirit is pursuing initiatives to secure rights over the restituted portion of this permit.
Key Highlights
- High-grade drilling results publicly announced by permit operator
- Expanding gold footprint confirmed across the permit
- Strategic restitution of 25% of permit surface creates entry opportunity
- Located in a proven gold-producing geological corridor
- Active exploration program with significant discoveries
Active Projects
Engineering & Infrastructure
Large-scale infrastructure opportunities across West Africa — from railways and ports to airports and public works.
Railway Infrastructure · West Africa
Standard Gauge Railway Line
Construction of a new 464 km standard gauge railway line connecting coastal and inland regions, including port branches and logistics hubs, targeting >20 million tonnes/year transport capacity.
Length
464 km
Timeline
2025–2029
Stage
Feasibility Finalisation
Key Highlights
- 464 km standard gauge railway (1435mm) — coast to inland terminus
- Includes 2 branch lines totalling 70 km serving key economic zones
- Maritime port branch connections along the Atlantic corridor
- Integrated logistics and maritime hub network
- Investment opportunity: 2.8 MT and 4.8 MT cross-border trade flows
- Project Finance: SPV creation, EPC+F 25–35 years
Port Infrastructure · West Africa
Deep-Water Port Development
Construction of an international deep-water port at a prime Atlantic coastal location, designed to position the country as West Africa's premier maritime hub with direct global shipping links.
Draught
16–18 metres
Timeline
TBD by studies
Stage
Feasibility Structuring
Key Highlights
- Strategic Atlantic coastal location with natural deep-water access
- Targets 16–18m water draught — competing with emerging West African ports
- Direct maritime links between West Africa, the Mediterranean and the Americas
- PPP financing structure — Phase I: feasibility, Phase II: construction, Phase III: operation
- Road infrastructure component to connect site to border zones
Airport Infrastructure · West Africa
International Airport Terminal Extension
Extension of the passenger terminal at a major international airport to accommodate 10 million passengers by 2035 and support a national carrier's growth plan.
Target Capacity
10M pax by 2035
Timeline
2026–2027
Stage
Technical Programme Complete
Key Highlights
- Capacity target: 5M passengers (2025) → 10M passengers (2035)
- 30% transit passenger target by 2027
- +3 aircraft contact positions added
- VIP full-service zone and upgraded baggage/transit systems
- Functional & technical programme and tender documents available
- Partners in research — financing open
Public Infrastructure · West Africa
Judicial Infrastructure Modernisation
National programme for construction and rehabilitation of judicial infrastructure, covering supreme court buildings, penitentiary facilities, and 73 regional courts across the country.
Budget
339 billion FCFA
Timeline
Multi-year programme
Stage
Construction Underway
Key Highlights
- Total budget: 339 billion FCFA — 4 major infrastructure poles
- 237,915 m² total built surface across 101 principal units
- 73 courts and courts of appeal — 88,036 m²
- 11 penitentiary administration buildings — 82,768 m²
- 4 supreme court / ministry seats — 31,891 m²
- Systematic VRD integration and green space landscaping
Road & Bridge Infrastructure · West Africa
Urban Toll Bypass & River Crossing
A proposed toll bypass road and river crossing bridge designed to relieve congestion around a capital region, structured as a BOT concession through international competitive bidding.
Structure
BOT Toll Road / PPP
Timeline
Feasibility in progress
Stage
Bankability Structuring
Next Steps
Government seeking a private concessionaire to structure and finance the crossing.
Key Highlights
- BOT toll concession preferred, via international competitive tender
- Feasibility study currently under way
- Partial credit guarantee from a multilateral proposed to improve bankability
- Companion river crossing bridge planned on BOT or bilateral aid basis
- Positioned to unlock a key urban transport corridor
Road Infrastructure · West Africa
National Road Network Upgrade
A large-scale programme to upgrade national, urban and rural road networks, with the government open to a blend of budget, donor and private BOT financing.
Scope
1,200 km of roads
Structure
Design-Bid-Build / BOT
Stage
Feasibility Pending
Key Highlights
- 1,200 km of national, urban and rural roads targeted
- Financing options include budget, donor and BOT structures
- Feasibility studies still to be commissioned
- Complementary urban storm water and sewerage component available
- Early entry point for a private infrastructure partner
Transport Infrastructure · West Africa
Bus Rapid Transit Network
A proposed electric or biogas bus rapid transit network for a greater metropolitan area, with feeder services from taxis and tricycles, seeking a PPP or blended-finance partner.
Corridors
5 planned corridors
Structure
PPP / Blended Finance
Stage
Concept Note
Key Highlights
- Five corridors planned across a greater metropolitan area
- Electric or biogas fleet with feeder integration
- PPP or blended finance structure under consideration
- Multilateral development partners named as potential co-financiers
- Currently at concept-note stage — open for a lead partner
Digital Infrastructure · West Africa
National Tier-4 Data Centre
A national Tier-4 data centre planned as a PPP or BOT project to support digital economy growth, alongside a fibre backbone and submarine cable landing already in operation.
Standard
Tier-4
Structure
PPP / BOT
Stage
Proposal Preparation
Key Highlights
- Tier-4 standard national data centre, PPP/BOT structure sought
- Complements an existing operational fibre backbone and submarine cable landing
- Ministry preparing a formal proposal with a dedicated PPP unit
- Positions the country as a regional digital infrastructure hub
- Open for a technology or infrastructure investment partner
Energy Infrastructure · West Africa
Regional Solar Power Project
A 150 MW regional solar power project identified as a priority within a national power pool, with no investor or power purchase agreement in place yet.
Capacity
150 MW
Structure
Independent Power Producer
Stage
Priority Project — Unfunded
Key Highlights
- 150 MW capacity, listed as a regional power pool priority
- Independent power producer model targeted
- No investor or power purchase agreement signed to date
- Complementary transmission extension identified to reach underserved areas
- Clear entry point for a renewable energy investor
Logistics Infrastructure · West Africa
Inland Dry Port & Logistics Platform
An inland freight logistics platform with an MoU already signed between a port authority and international infrastructure partners, upgrading a river wharf and adding barge capacity, with land acquisition near completion.
Structure
Special-Purpose Company
Investment
~USD 10M (estimate)
Stage
Shareholder Agreement Pending
Next Steps
Closest-to-execution opportunity — needs a co-investor to close the shareholder agreement.
Key Highlights
- MoU signed between port authority and international infrastructure partners
- Scope: wharf upgrade plus a river barge, ~USD 10M estimated
- Structured through a dedicated special-purpose company
- Land acquisition near completion
- Shareholder agreement with investors still to be signed — capital not yet raised