Former Osino Resources founders Heye Daun and Alan Friedman are teaming up with Trigon Metals CEO Jed Richardson to create a premier African gold exploration company with assets in Namibia, Egypt and a pipeline of other potential gold and copper opportunities in southern Africa.
Daun and Friedman are now with Koryx Copper, while Richardson is with Great Quest and Trigon Metals.
Gold Quest Gold has set the foundation of the new company by signing a letter of intent to acquire Lotus Gold, a private Canadian gold exploration and development company with interests that include mineral properties covering approximately 2,000 km2 within the highly prospective Arabian-Nubian Shield.
Great Quest and Lotus will enter into a definitive agreement regarding the proposed transaction on or before September 30, 2025.
A new leadership and technical team with a track record will be appointed to unlock shareholder value in Namibia and Egypt through funding, discovery, development, and numerous exits with a combined transaction value of over $1 billion.
Daun and Friedman’s track record starts at Auryx Gold, which they sold to B2 Gold for $200m in 2012 and Osino Resources, which they sold to Shanjing International for $400m in 2024.
The duo is now at Koryx Copper, a TSX Venture 50 2025 top performer with copper assets in Namibia and Zambia.
Koryx Copper owns the Haib project in Namibia, a large copper-molybdenum deposit located in the Karas region of southern Namibia, 30km from the Orange River and the South African border.
The deposit is a porphyry copper-molybdenum dating from the Archean age.
Koryx holds 51% and an option to acquire up to 80% of three Large Scale Exploration Licences in the heart of the copper belt in Zambia, known as one of the most prolific copper belts in the world.
Great Quest’s flagship asset is the Damara Gold Project in Namibia, which includes the Khorixas, Omatjete, and Outjo projects, covering over 300,000 hectares.
Great Quest also has assets in Mali: the Tilemsi Phosphate project, the Sanoukou gold project, and the Geulmin gold project in Morocco.
The company will dispose of these assets once the agreement is completed.
Trigon Metals’ flagship asset is the Kombat copper mine, and it owns the Kalahari Copper Project, which spans 280 kilometres along the renowned Kalahari Copper Belt.
In Morocco, Trigon Metals holds the Silver Hill and Addana projects, which are highly prospective copper and silver exploration projects.
