Liberty Metals Ltd (ASX: LIB), an Australian-listed mineral exploration company focused on identifying and developing gold opportunities, announced on 12 August 2026 that it has entered a binding four-year option agreement to acquire a 90% interest in the Oko North and Oko South Gold Projects. This strategic acquisition covers approximately 180 square kilometres across 40 granted mining permits in two consolidated blocks within Guyana’s prolific Cuyuni Mining District. The move places Liberty within the highly prospective +9-million-ounce Oko gold district, which the company views as one of the most significant new gold camps globally still in its early discovery cycle. In conjunction with the acquisition, Liberty Metals has secured firm commitments for an A$5.0 million share placement to fund its initial exploration and growth initiatives.
The Oko North project directly abuts ground held by G2 Goldfields, recently consolidated into TSX-listed G Mining Ventures (TSX: GMIN), a major player in the district with a market capitalisation of approximately CA$14.9 billion. The Oko South project is located about 30 kilometres south of the main Oko deposits, interpreted by Liberty to cover the southern continuation of the district’s mineralised trend. Liberty Metals Director and Non-Executive Chair, Mr. Nicholas Katris, highlighted the acquisition as delivering a district-scale footprint in what has rapidly become one of the world’s most exciting gold camps, noting the significant value creation witnessed in the district over the past five years.
The newly acquired tenure is underlain by greenstone-belt rocks of the Cuyuni belt within the Barama-Mazaruni Group of the Guiana Shield, geological formations analogous to those underpinning world-class gold discoveries in West Africa. Liberty Metals plans to immediately commence data compilation, geological mapping, and a maiden geochemical sampling program to define drill targets, with first fieldwork scheduled to begin in the coming week. The A$5.0 million placement was priced at A$0.0025 per share and saw strong support from domestic and international institutional investors, with funds allocated to the initial exploration program, associated costs, and general working capital.
