Papillon Resources Limited (Papillon) is engaged in the exploration and development of resource projects located in Mali. The Company has joint venture interests in a portfolio of gold tenements (granted licences and applications) in western and southern Mali. The Company’s primary focus continued to be the advancement of the Fekola Project (Fekola or Project) located in south western Mali adjacent to the border with Senegal. Papillon completed its pre-feasibility study (PFS) for the project. The Company’s subsidiaries include Mali Goldfields SARL, Songhoi Resources SARL, Bamagold SARL, Waraba Resources SARL, PIR Mali SARL, Papillon Exploration (AUS), Papillon Mining (AUS), Papillon Exploration (UK) and Papillon Mining (UK).