Papillon Resources Limited engaged in the exploration and development of resource projects. The company primarily held a 90% interest in the Fekola gold project located in western Mali. It also had joint venture interests in a portfolio of gold tenements totaling approximately 1,200 square kilometers in western and southern Mali. The company changed its name from Colonial Resources in March 2010. Papillon Resources was delisted from the ASX on 3 October 2014, following completion of its takeover by B2Gold.