Carbine Resources Limited (Carbine) is an Australia-based company engaged in exploration for gold in the northwest of Burkina Faso (West Africa). Carbine operates in two segments: Western Australia and Burkina Faso (West Africa). During the year ended December 31, 211, the Company is focused on gold exploration in the northwest of Burkina Faso, West Africa at the Madougou Project. The project is located in the Hounde Greenstone Belt in northwest Burkina Faso, West Africa. It consists of a contiguous land holding of 1,932 square kilometer comprising 10 granted Exploration Permits; Madougou, Kandy, Lossa, Dere, Dabinyan I, Ban, Koumbri, Madougou 2, Nongodoum, and Magel . In August 2012, Phoenix Gold Limited acquired Red Dam from the Company.