OUR COMPANY WAS SUCCESSFULLY VERIFIED BY THE MINISTRY OF ENERGY AND MINERAL DEVELOPMENT OF UGANDA; SEE DOCUMENT BELLOW
Major gold deposits discovered in Uganda: 2026 report
Ether Royals Gold Miners Uganda Limited discovered that in June, Ugandan officials announced that approximately 31 million metric tonnes of gold ore had been discovered in the country. This could result in as much as 320,158 metric tonnes of refined gold, worth an estimated US$12 trillion. The discovery has the potential to instigate a surge in investment in the sector in the region. The only firm currently licensed to mine the new deposits is the Chinese mining firm Wagagai, which will likely pave the way for increased Chinese engagement in the sector. The largest deposits were found in the Karamoja area of the Northern region; however, gold reserves were also discovered in the country’s eastern, central, and western regions. The discovery follows a two-year countrywide geophysical and geochemical survey. If accurate, this discovery would make Uganda the most gold-rich state on earth. For context, according to the United States (US) Geological Survey (USGS), only 244,000 ...
