Megado Gold Limited (ASX:MEG)
Megado Gold Limited is an Australia-based gold exploration company. The Company has approximately five gold exploration assets covering around 511 square kilometer (km2) and one license application covering approximately 227km2 in Southern and Western Ethiopia. Its projects include Chakata Project, Babicho Project, Mormora Project, Dawa Project, Dermi Dama Project and Chochi Project. The Chakata Project comprises a 62 km2 exploration license, located approximately five kilometers (km) south along strike from the Lega Dembi and Sakaro mines. Babicho Project has 132 km2 exploration license. Mormora Project comprises approximately 139 km2 granted exploration license located around 40 kilometers south of the Lega Dembi and Sakaro mines. Dawa Project comprises a 41 km2 approved exploration license. Dermi Dama Project comprises a 227 km2 exploration license application, focusing on Kenticha Belt. Chochi Project is a 137 km2 project located within the western greenstone belt of Ethiopia.