GoldCoast Resource

Offshore placer gold on Ghana’s continental shelf

CSE: GCRListed 10 August 2026

GoldCoast Resource Corp. holds ten offshore reconnaissance licenses over ~10,000 km² of Ghana’s western continental shelf, ~53% of the country’s offshore coastline. It trades on the Canadian Securities Exchange as GCR, following the reverse takeover of Psyence Group Inc. that closed on 27 July 2026.

News and articles

Overview

GoldCoast is a placer gold company, not a deep sea miner. Its own presentation draws the distinction directly.

• The target is free gold in unconsolidated sediment on the shallow shelf, at water depths of 10 to 20 meters, expected within the first 2 to 3 meters of the seabed.
• Recovery is by dredging and 100% gravity separation. The company says its method uses no blasting, cyanide, reagents or tailings dams.
• Three major rivers carrying gold eroded from Ghana’s onshore gold belts converge on this stretch of shelf. Robert J. Griffis, the company’s senior vice president of exploration and senior author of The Gold Deposits of Ghana, puts the eroded inventory carried to the shelf at ~200 million ounces. That is his regional estimate, not a resource for GoldCoast’s licenses.
• GoldCoast has published no mineral resource or reserve estimate. Its work to date is reconnaissance sampling.
• Ghana is Africa’s largest gold producer and sixth largest in the world.

The license

Sampling to date

• 30 samples taken across beach sands, the Ankobra River and the ocean floor averaged 0.44 g/m³, against a projected cutoff of 0.08 g/m³ at a US$3,000 gold price.
• 14 samples from the Ankobra River and continental shelf averaged 0.492 g/m³; 10 beach sand samples averaged 0.535 g/m³; 6 ocean floor samples averaged 0.16 g/m³.
• A 200 km coastal random sampling program in 2026 returned gold grains in beach sands at points ~50 km apart, from 5 litre samples, up to 13 grains per sample.
• These are company figures from its corporate presentation. None of it is a compliant resource estimate.

Work program

• 2026: airborne magnetic survey over the full 10,000 km² concession, then a seaborne survey to map the seafloor and subsurface and define areas of interest.
• 2027: continued sampling and interpretation, pilot testing and in-country operations, budgeted at ~US$270,000 a quarter.
• 2028: initiate near-shore contract dredging and migrate to commercial production.
• The 24 month Ghana work program is budgeted at US$8.65 million.
• The company argues shallow water contract dredging can reach production in ~24 months, against 10 to 15 years for a greenfield onshore gold project, because dredge vessels can be contracted rather than built.

Presentations

Ownership

Every current director and officer on the SEDI register as at 25 August 2026, on their most recent filed balance. Non-derivative common shares only, so options, warrants and rights are excluded, and a director whose holding is entirely options shows nil. People who have ceased to be insiders are excluded, as are records left open by former insiders who never filed a notice of ceasing.

Directors and officers hold 32,877,634 common shares between them, 47.10% of the 69,808,269 outstanding, which is what the listing statement of 30 July 2026 reports. Only Sir Sam Jonah and Michael Nikiforuk hold 10% or more.

Sir Sam Jonah separately holds 10% of the Ghanaian licence-holding subsidiary directly, alongside the Canadian parent’s 90%.

Insider filings

No current director or officer has reported a purchase or sale in the past year. The filings on record for them are opening balances and incentive grants, and the positions those produce are in the ownership table.

Filing archive

GoldCoast reports in Canada, so its filings sit on SEDAR+. Everything filed since the reverse takeover closed and the company took the GoldCoast name is below, starting with the listing statement and the technical report. Every document is hosted here.