Gold Mining & Export · Operating in the Chunya District of Tanzania
Where capital
meets the earth.

Archimidas Limited is a Tanzanian registered gold mining and export company operating in the Chunya District of Tanzania. We are structured for investors who want direct hard asset exposure to African gold production.

Request Investor Access → View operations
Phase I · Mining Concession Acquisition
Complete
100%
Concession acquisition complete
Phase II · Mine Development & Initial Production
Funding Completed Under Development
100%
Equipment Setup, Mine Shaft Development, Processing Infrastructure
Phase III · Advanced Processing & Expansion
Exploring Options
Exploring
Formal Geophysical Survey · Carbon Processing Plant · Additional Mining Shafts
Phase IV · Industrial Scale Build-Out
Planned
Future
Full Mine Expansion · Mining License Conversion · Institutional Capital Raise
CHUNYA DISTRICT · TANZANIA PML••••MBY ~100m N
Primary Mining
License Type
Chunya, TZ
Location
Phase II
Current Stage
Company Overview

Built on the ground.
Structured for capital.

Archimidas Limited is a Tanzanian registered gold mining and export company holding Primary Mining License PML••••MBY in one of Tanzania's most historically productive goldfields.

By keeping the operation cycle of extraction, processing, and sales within the borders of one of Africa's most stable mining nations we eliminate the logistical and regulatory difficulties that can be associated with exporting commodities.

Entity Archimidas Limited
Registered BRELA of Tanzania
License
PML••••MBY Full license number in investor package →
License Type Primary Mining Licence
Location Chunya District
Gold Offtake Bank of Tanzania (BOT)
Current Status

Fully funded.
Already building.

Phase I and Phase II are complete and fully funded. Our team is on the ground in Chunya District, actively constructing our first mine shaft along with the supporting infrastructure for our processing site.

Production has not started yet, first output is expected in the coming months as construction progresses. We are now exploring Phase III, additional shafts, advanced processing, to accelerate our timeline and scale production.

✓
Phase I · Concession Acquired
Complete and fully funded
✓
Phase II · Development Funded
Complete and fully funded
Mine Shaft Construction
In progress, on site in Chunya District
First Production
Expected in the coming months
Phase III · Advanced Processing & Expansion
Exploring options, no active raise
Gold Market Context

Gold is in a
structural bull market.

Central bank accumulation and safe-haven demand have driven gold to repeated all-time highs since 2024. Tanzanian small-scale producers with low-cost structures, like Archimidas, are positioned to capture strong margins in this environment.

Gold Spot Price
$4,782
↑ +45% in 2025 · Near all-time highs
Gold has set over 50 new all-time highs since 2024, driven by central bank buying and safe-haven demand.
Central Bank Demand
863t
↓ Moderated from 2024 peak · Still 4th-highest year on record
Central banks bought 863t in 2025, still the 4th-highest year on record despite easing from the 2022–2024 peak.
Tanzania Gold Output
> 60t
↑ Record output · 2024–2025
Tanzania is Africa's fourth-largest gold producer. Gold exports rose 37% to $4.7B in 2025, driven by record national output.
Mining Operations

From ore body
to refined gold.

Our five-stage gold processing operation takes gold trapped in the earth's crust and turns it into a refined, sellable product.

On the Ground
Our team is actively building our first mine shaft on site, along with the infrastructure to support our team and processing zone area.
01
Drilling & Blasting
Precise drilling and controlled blasting breaks up lode deposits. Blasting dust is properly ventilated out of the mine shaft and ore is left to settle overnight.
02
Primary Crushing
Chunks of rock and ore are retrieved and mechanically crushed into smaller fragments.
03
Secondary Milling
A steel-ball mill grinds the crushed ore into a fine powder, maximizing surface area.
04
VAT Leaching
The powdered ore is placed into sealed Vat (Vat Acid Treatment) tanks with a mineral leaching solution over a 14-day cycle.
05
Gold Recovery & Export
Gold is recovered and refined into doré, a semi-pure alloy of gold and silver ready for final refining.
Detailed production plan available on request. Our investor package includes full throughput projections, equipment specifications, crew structure, and a site-by-site operational breakdown. Request access →
Revenue Model

Strong margins.
Real returns.

At current gold spot prices, our vertically integrated processing model generates strong net monthly margins after all operating costs and statutory charges. Gold is sold directly to the Bank of Tanzania at prevailing market rates, one of the most cost efficient offtake structures available to small scale producers globally.

What drives the model
•Vertically integrated processing
•Gold sold directly to the Bank of Tanzania at the prevailing market spot price, reducing import/export taxes and fees
•Revenue scales directly with gold spot price and throughput
Risks & Considerations

Grounded in reality.
Not just upside.

Archimidas is a pre-production, small-scale gold mining operation. Phase I and Phase II are complete and funded. Mine shaft construction is underway on site; first production has not yet occurred and is expected in the coming months.

There is currently no independently verified (JORC or NI 43-101) resource estimate for this concession. The figures and projections throughout this site are model outputs based on stated assumptions, not guarantees of future performance. We believe presenting the risks plainly, alongside the opportunity, is part of operating with integrity.

▲
Grade & Resource Estimate
Our mill feed grade assumption is a planning estimate benchmarked against regional analogs and our own field data, not an independently verified resource. Actual results may vary.
▲
Recovery Performance
Modeled recovery rates are based on comparable processing methods. Actual recovery depends on ore characteristics and equipment performance once production begins.
▲
Gold Price Sensitivity
Projected returns are directly tied to the market price of gold, which is volatile and outside our control.
▲
Timeline Risk
Construction and production timelines are estimates. Delays can occur due to equipment procurement, weather, or on-site conditions common to small-scale operations.
Investment Structure

An operation
built on transparency.

We structure investor participation directly with Archimidas Limited, providing direct economic potential to Tanzanian gold production.

Investment Opportunity
Archimidas Limited · Chunya District, Tanzania
Phase III · Exploring
Structure Direct Investment Agreement
Reporting Quarterly · Full visibility
Participation Structured individually
What Investment Partners Receive
Quarterly production and financial reporting
Direct line of communications to US management team
Operational site visitation and introductions to mining crew available for investors
First to be notified for scale-up decisions as production grows
Full investment documentation available upon request. Structure terms are negotiated individually based on capital amount and partner objectives.
Request Full Terms →
The Team

Operators,
not promoters.

From US based entrepreneurs to seasoned Tanzanian mine operators, the Archimidas team is structured for success.

Joshua Eaton
Joshua Eaton
Founder & Managing Director
Entrepreneur and operator with a background in technology, commodity trade, and capital structuring. Leads investor relations, deal structuring, and strategic direction for Archimidas Ltd from the US.
📍 Louisiana, USA
Akeem Batundu
Akeem Batundu
Co-Founder & Operations Director
On-ground operations partner based in Tanzania. Leads day-to-day mining operations, crew management, regulatory compliance, and Bank of Tanzania gold sales logistics in Chunya District.
📍 Tanzania
Cheston Schayot
Cheston Schayot
Equity Partner & Executive Advisor
With a master's in science, Cheston is a successful business owner and operator leading corporate strategy, investor relations, and business development. Provides both remote executive leadership and on-site operational oversight, working alongside the Tanzanian management team to build responsible, scalable gold mining operations.
📍 Louisiana, USA
Investors
Glenn Davis
Glenn Davis
Investor · The Estate Company
Dillon Glapion
Dillon Glapion
Investor · The Glapion Family
Phase III · Exploring Options
Interested in Phase III?

We're exploring options to accelerate our timeline and scale production.
Reach out to learn more and stay informed.

Get in Touch →
Common Questions

Answers to the
right questions.

What exactly does Archimidas own and operate?
+

Archimidas Limited is a Tanzanian registered company holding Primary Mining Licence PML••••MBY in Chunya District, Mbeya Region. The license grants us the legal right to mine and export gold from the concession. We are building out a vertically integrated processing operation including jaw crushing, ball milling, and VAT leach gold recovery, with all output sold directly to the Bank of Tanzania.

How is gold sold and how are revenues collected?
+

Initially, we plan to sell our gold directly to the Bank of Tanzania (BOT), which removes export risk. In the future, we can expand to exporting to international locations. All gold sold domestically to the BOT is paid out into our company bank account directly from the government.

What stage is the operation currently at?
+

We have completed Phase I and Phase II, the concession acquisition is fully funded, the Primary Mining License is secured, and Phase II mine development capital is in place. We are currently well underway building our first mine shaft on site, along with the infrastructure to support our team and processing zone area. First production is expected in the coming months. We are now exploring Phase III, focused on advanced processing, additional mining shafts, and expanding our processing infrastructure to accelerate our timeline.

Is Phase III currently raising capital?
+

We are open to different financing and investment offers. The company is currently evaluating options for our next funding rounds to scale operations.

Can I verify the operation before committing?
+

Yes, and we encourage it. Qualified investors are welcome to visit the Chunya concession in person to verify the license, meet the on-ground team, and see the operation firsthand.

Why Tanzania, and why Chunya District specifically?
+

Tanzania is Africa's fourth-largest gold producer and has a well-established legal framework for foreign-held mining licenses. Chunya District in the Mbeya Region has a long history of artisanal and small scale gold production with proven ore bodies. The regulatory structure, including the BOT offtake program, gives operators a clear, institutionally supported path to monetize production. Operating costs in the region are also significantly lower than comparable operations in North America or Australia.

Do you have an independent resource report (JORC / NI 43-101)?
+

Not yet. Our current grade and production assumptions are planning estimates based on our own field data and benchmarking against comparable, independently verified operations in the same goldfield, not an independently verified resource report for this specific concession. A JORC or NI 43-101 report is a funded objective of Phase III and represents a key milestone on the path to institutional-scale capital. We disclose this directly because it's a fair question to ask before committing.

What is the minimum investment and how do I get started?
+

We have several ways to scale operations which allow us to work with different investment sizes. Most importantly, this depends on the type of investor and deal structure that is agreed upon with Archimidas.

Investor Access

Ready to
dig deeper?

Reach out to us and we can discuss the current strategy and direction of the company. We are open to creative directions from those in the mining space or from financial backgrounds who want to become involved in funding the operation further.

📍
Site Visit Available
Qualified investors are welcome to visit the Chunya concession and verify operations in person.
🤝
Investment Structure
Terms are structured individually. We work with investors to build the right participation format.

By submitting, you agree to our Privacy Policy and Terms of Use.