Processing Gold, Generating Returns, Uplifting Communities
A Different Approach to Gold
We partner with artisanal operators who have proven gold deposits. They bring the ore. We bring modern processing.
Our Approach
Traditional gold projects spend years and tens of millions exploring before knowing if there's commercial gold.
Our approach is different.
We structure joint ventures with artisanal mining operators in Zambia who have already identified gold deposits.
They continue mining. We provide processing infrastructure designed to improve recovery rates.
The result: a shorter path to potential production, with less capital at risk.
Traditional gold approaches spend years and millions hoping to find gold. We partner with artisanal miners who've already found it.
Why GSMCo
GSM offers exposure to a toll processing model in Zambia's artisanal gold sector, led by an experienced board with backgrounds in gold markets, African mining and processing operations.
Why We Are Different
Working with deposits where gold has already been identified by artisanal mining activity
Lower capital requirements compared to traditional exploration-to-production projects
Board experience across gold markets, African mining, and processing operations
Partnership structures designed to align interests with local operators
The Opportunity
Zambia's artisanal gold sector uses manual processing methods with recovery rates typically estimated at 30-40%.
Modern processing technology is designed to achieve higher recovery from the same material.
GSMCo's model: partner with artisanal operators, deploy processing infrastructure and share the incremental value captured.
Directors
Chaired by the former CEO of the World Gold Council
Haruko Fukuda OBE
Chairman
Former CEO, World Gold Council
NED Investec Plc
40+ years in financial services, automotive and mining sectors
Awarded OBE in 2000 for services to UK-Japanese relations
Dr. Elena Clarici
Non-Executive Director
PhD, Imperial College London
Co-Founder, Electrum Discovery Corp
25+ years mining experience
Director, Aya Gold & Silver (TSXV: AYA)
Former CIO OCIM precious metals firms
Christian West
Executive Director
25+ years capital markets
Founder, 14,000 tpd copper toll processor (Philippines)
Director RDP Limited
Director, Anglo-African Minerals
Built and operated toll processing at scale
Stewart Lund
Non-Executive Director
Director Chartered Accountant
Former CFO, CD Processing Ltd (Mining Services)
Former Finance Director, Redstone Telecom
Eric Tembo
Non-Executive Director
Director, Sutton Zambia
Licensed broker, Lusaka Stock Exchange
Simon Purkiss
Non-Executive Director
Founder, European Nickel PLC
Experience across Zambian copper and gold projects
Nicholas A. Gregory
Non-Executive Director
Software engineer & technology thought-leader
2016 to 2024 CEO of CommerceBlock
Board member of a NASDAQ-listed company
Held management roles at Wall Street banks
Founded an asset management fund
Projects
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Rufunsa District, Zambia
Joint venture agreement signed with local artisanal operators. Processing infrastructure deployment targeted for 2026.
Structure: 70% GSM / 30% JV Partner
Status: JV agreement in place
Funding: From current raise Feed
Grade: Sampling indicates 2.5–10 g/t range
This is GSM's initial project. Production outcomes will depend on successful equipment deployment, feed quality, and operational factors.
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Copperbelt Province, Zambia
A historically producing gold site with documented production of approximately 38,000 ounces.
Structure: 70% GSM / 30% JV Partner
Status: Agreement signed
Funding: Targeted from Mukunka cashflows
Target: Commissioning targeted for late 2026
Historical production does not guarantee future results. Project advancement subject to Mukunka performance.
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Pipeline Opportunity
Early-stage opportunity currently under evaluation. Indicated grades of 4–8 g/t based on preliminary sampling.
Status: Due diligence phase
Timeline: 2027
Funding: Targeted from operational cashflows
Subject to due diligence outcomes and capital availability.
Zambia Operations Team
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Adrian Kalimina
Financial Controller & Company
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David Kauseni
Director Security and Logistics (DSL)
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Dr. Stephens M. Kambani PhD
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Francis Daka
Zambia
GSM's operations are based in Zambia, a country with an established mining sector and legal framework.
GSM has a Lusaka-based team managing local operations, partner relationships, and regulatory compliance.
Mining Context
Zambia has been a mining jurisdiction since the 1920s, primarily known for copper production. The country has an English common law legal system and a defined mining code. The artisanal gold sector represents an estimated 15-20% of Zambia's gold production, operating alongside the formal mining sector.
Infrastructure
National power grid
Road network connecting major mining regions
International airport in Lusaka
Established banking system
Sustainability & Working Responsibly
GSMCo is committed to developing its operations in partnership with local communities and with attention to environmental practices.
We believe modern processing can play a role in improving outcomes for artisanal mining communities, through partnership structures that share value locally and processing methods designed with environmental considerations in mind.
We're at an early stage, and our approach will develop as our operations grow.
News & Updates
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December 2025
Pre-IPO Round Opens
Golden Sovereign Mines announces opening of £750K–£1M pre-IPO round at 5p per share. -
November 2025
Mukunka JV Finalised
GSM completes 70:30 JV agreement with VCFD for Mukunka Mining (Rufunsa Project). -
October 2025
Iron Cap Agreement Signed
GSM secures 70:30 JV with Gold Tungsten Progress Africa for Iron Cap Gold Project. -
September 2025
Board Appointments
Haruko Fukuda OBE appointed Chairman. Dr. Elena Clarici and Simon Purkiss join as Non-Executive Directors.
Contact
Contact Us
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We look forward to connecting with you.