Announcement • May 26
Kobo Resources Reports Diamond Drill Results from Jagger and Road Cut Zones At Kossou Gold Project
Kobo Resources Inc. reported diamond drill results from eight additional holes completed at the Jagger and Road Cut Zones at its 100%-owned Kossou Gold Project in Côte d’Ivoire. Results continue to confirm strong gold mineralisation along strike and at depth across multiple target areas, including the southern extension of the Jagger Zone and the main shear system at the Road Cut Zone. Recent drilling continues to support the Company’s structural interpretation at Kossou, with gold mineralisation consistently intersected within expected shear corridors and associated V2 quartz vein systems. With more than 42,000 m of drilling now completed across 222 holes, Kobo continues to expand mineralisation across the project’s three primary target areas and broader 9+ km prospective strike length as it advances toward a maiden Mineral Resource Estimate. Diamond Drill Results – Highlights: Road Cut Zone: KDD0154: 5.0 metres at 1.27 g/t Au from 200.0 m; 1.0 m at 3.72 g/t Au from 216.0 m; 7.0 m at 5.67 g/t Au from 279.0 m; 8.0 m at 0.63 g/t Au from 457.0 m. Jagger Zone: KDD0156: 1.0 m at 3.89 g/t Au from 75.0 m; 2.0 m at 75.29 g/t Au from 99.0 m, incl. 1.0 m at 150.0 g/t Au; 4.0 m at 0.91 g/t Au from 145.0 m. KDD0157: 2.0 m at 3.57 g/t Au from 142.0 m, incl. 1.0 m at 6.47 g/t Au; 5.0 m at 1.81 g/t Au from 270.0 m; 12.0 m at 0.59 g/t Au from 295.0 m, incl. 2.0 m at 1.57 g/t Au. KDD0158: 4.0 m at 1.31 g/t Au from 294.0 m. KDD0159: 7.0 m at 1.23 g/t Au from 286.0 m; 7.0 m at 1.09 g/t Au from 298.0 m; 4.0 m at 1.14 g/t Au from 327.0 m. KDD0160: 3.0 m at 1.27 g/t Au from 271.0 m; 22.0 m at 0.65 g/t Au from 279.0 m, incl. 7.0 m at 1.20 g/t Au. Kobo continues to advance an extensive exploration program across the Kossou, where more than 42,000 m of drilling has now been completed across 222 holes. Ongoing work is focused on expanding and defining gold mineralisation within the Jagger, Road Cut and Kadie Zones, including the broader Contact Zone corridor, while continuing to evaluate additional targets across the project’s 9+ km prospective strike length. In 2026 the Company has drilled completed 5,330 m of drilling in 22 drill holes and are planning for a total drill program in 2026 of between 10,000 m to 15,000 m. To support the next phase of exploration, the Company expects to mobilise a second drill rig to Kossou in June, accelerating resource definition and exploration drilling ahead of a maiden Mineral Resource Estimate currently expected in the second half of 2026. Metallurgical test work is also underway on composite samples collected from the Jagger and Road Cut Zones, while ongoing soil geochemical surveys, mapping, rock sampling and trenching continue to advance additional targets across the broader property, particularly along the western side of the Kossou, where multiple geochemical anomalies have been identified for follow-up work. Two drill holes were completed on section RCZ650 to test the main shear system at the Road Cut Zone beneath previously reported mineralisation. Results confirmed down-dip continuity of multiple gold-bearing shear structures intersected in earlier drilling, including holes KDD0007, KDD0066 and KDD0068. Drill hole KDD0154 returned several significant intercepts, highlighted by 7.0 m at 5.67 g/t Au from 279.0 m, associated with intense quartz-carbonate veining and brecciation characteristic of the strongest mineralisation encountered at both the Road Cut and Jagger Zones. Additional drilling is planned to test mineralisation below KDD0154 and extend the system along strike on section RCZ650. Based on recent drilling success south of the core Jagger Zone, the Company completed four additional drill holes between sections JZ750 and JZ900 to test the down-dip extension of gold mineralisation along the southern portion of the system. On section JZ750, drill hole KDD0157 intersected several zones of gold mineralisation within interpreted shear structures, including 5.0 m at 1.81 g/t Au from 270.0 m and 12.0 m at 0.59 g/t Au from 295.0 m. The results extend mineralisation on the section to approximately 200 m below surface and continue to support depth continuity within the southern Jagger system. Drill hole KDD0160 on section JZ800 intersected multiple zones of gold mineralisation within the expected sheared corridor, including 22.0 m at 0.65 g/t Au from 279.0 m, including 7.0 m at 1.20 g/t Au. Results from this section continue to demonstrate increasing widths and consistent grades at depth within the southern extension of the Jagger system. Stepping approximately 50 m further south, drill hole KDD0159 on section JZ850 intersected multiple zones of gold mineralisation, including 7.0 m at 1.23 g/t Au from 286.0 m, 7.0 m at 1.09 g/t Au from 298.0 m, and 4.0 m at 1.14 g/t Au from 327.0 m. These results continue to confirm continuity of mineralisation within the interpreted shear system at depths between approximately 100 and 150 m below surface. Drill hole KDD0158 on section JZ900 intersected multiple zones of gold mineralisation within the predicted shear corridor at depths between approximately 175 and 200 m below surface. Significant results included 4.0 m at 1.31 g/t Au from 294.0 m and 4.0 m at 0.75 g/t Au from 302.0 m, confirming continuity of mineralisation along the southern extension of the Jagger system. The results complement previously reported drilling on section JZ950, including 4.0 m at 1.57 g/t Au and 7.0 m at 1.14 g/t Au in KDD0143, and continue to support additional drilling both at depth and further south of section JZ1000. Preparations for the Company’s inaugural drill program at the Kotobi Permit are advancing, with camp construction and site preparation activities now underway. A water well has been successfully completed to support camp operations, and initial drill pad construction is expected to commence shortly. The Company continues to target an initial drill start in late June 2026 at Kotobi, where previous exploration identified multiple large gold-in-soil anomalies across a structurally prospective corridor. Initial drilling is expected to test several priority targets identified through earlier geochemical and structural work. The Company notes that assay turnaround times from third-party laboratories operating in Côte d’Ivoire were impacted by frequent temporary power disruptions in Yamoussoukro, which affected assay processing capacities.
