Announcement • May 17
Amigo Resources plc Receives Processing Licences from Mining Commission of the United Republic of Tanzania Amigo Resources PLC had been granted two Processing Licences ("PCLs") to the Company's Tanzanian operations, representing a significant operational milestone in the advancement of the Company's integrated processing and beneficiation strategy: PCL/00496/2026 - Kabete Mines, PCL/0352/2026 - Mojimoto. The grant of these Licences provides Amigo with the formal regulatory framework required to develop modular processing infrastructure supporting exploration, metallurgical evaluation, ore aggregation and small-scale mining integration across multiple project areas in Tanzania. The Company has commenced planning activities for modular processing hubs at both Kabete and Mojimoto. The hubs are intended to support the following operational functions: gravity-based mineral recovery; ore aggregation and toll treatment services; metallurgical test work and process optimisation; integration of artisanal and Primary Mining Licence ("PML") operators; evaluation of ultra-fine mineral recovery systems; and future expansion into advanced beneficiation circuits. The Company believes that the development of shared, centralised processing infrastructure may form the foundation of a scalable mineral processing platform capable of supporting multiple gold and polymetallic opportunities across the Company's Tanzanian portfolio. This positions Amigo not only as an exploration-led entity, but increasingly as a specialised mineral processing and beneficiation company. The Company's broader technical strategy seeks to integrate the following capabilities into a single operational framework: AI-assisted exploration targeting; micro-seismic interpretation; geochemical vectoring; metallurgical diagnostics; and modular processing infrastructure. Amigo is positioning itself not only as an explorer, but also as a specialised processing and beneficiation company focused on technically complex mineral systems, including sulphide-associated, refractory and ultra-fine gold mineralisation. The Company notes that conventional free-milling gold is expected to form an important component of mineralisation within the project areas. Geological observations also suggest that a portion of the gold system may occur in ultra-fine, refractory or lattice-bound forms associated with sulphide mineral assemblages. The Company is therefore evaluating metallurgical approaches designed to improve recovery from these more technically complex mineral fractions, alongside conventional gravity recovery systems. The Company believes this integrated model may improve exploration targeting efficiency, metallurgical understanding and long-term operational flexibility across its Tanzanian portfolio. The Company has continued to make consistent operational progress across its Tanzanian portfolio. These operational milestones provide the platform for the next phase of work, comprising metallurgical test work, drilling, processing hub engineering, and progressive integration of PML and artisanal feedstock into a centralised processing model. The information contained in this announcement is based on preliminary exploration observations, geochemical interpretations and ongoing metallurgical evaluation programmes. References to refractory, invisible, lattice-bound, ultra-fine or sulphide-associated gold mineralisation, and to potential PGM associations, remain conceptual and are subject to further drilling, metallurgical test work, laboratory validation and technical assessment. There can be no certainty that economically recoverable mineral resources will be defined, that any metallurgical recovery assumptions will be validated, or that any proposed processing strategy will prove commercially viable. References to recovery methodologies, including copper-collector systems and ultra-fine recovery circuits, describe technical concepts under evaluation and do not represent finalised process designs. Announcement • May 01
Amigo Resources PLC Announces Commencement of Activities Kabete Gold Project Amigo Resources PLC (LSE: AMGO) the London-listed mining development company focused on Africa, was pleased to provide an operational update on the Kabete Gold Project in Tanzania (the "Project"), in which the Group holds a 51% interest, further to its previously announced on 26 March 2026. The Company confirms that the mineral licences comprising the Kabete Gold Project have now been formally granted and released by the Government of Tanzania, enabling the commencement of on-ground operational and exploration activities. Following receipt of the licences, Amigo has mobilised its technical, operational and mining geological teams to site and has commenced systematic verification and validation of historical exploration data across priority targets, in order to bring them into production. Past data indicates that previous exploration programmes have established a strong technical foundation for the Project, including: Extensive geological mapping and a multi-phase soil sampling programme (~3,800+ samples) identified structurally controlled gold anomalism across multiple corridors. Airborne magnetics and radiometrics, supported by ground-based Induced Polarisation (IP) and resistivity surveys, defined subsurface structures and continuity of mineralised zones, subsequently validated through trenching and channel sampling. A total of 167 drill holes (~21,400 metres; RC and diamond drilling) confirmed gold mineralisation at depth, including: High-grade intersections: e.g., 16 metres @ 6.4 g/t Au; Bulk-tonnage intervals: e.g., 23 metres @ ~2.3 g/t Au. Interpretation indicates a combination of free gold and sulphide-associated gold (pyrite, arsenopyrite, pyrrhotite, with graphite association), occurring as high-grade shoots within kilometre-scale mineralised envelopes which remain open at depth. Select historical analyses indicate the presence of PGM signatures and rubidium occurrences within certain zones of the concession. These remain early-stage indications and will be subject to further validation and confirmatory analysis. As part of its rapid verification and targeting strategy, the Group is deploying a hybrid exploration approach combining conventional and advanced methodologies, including: Passive seismic and micro-seismic data acquisition; Integrated modelling of geological, geophysical and geochemical datasets; and AI-assisted, data-driven targeting for structural interpretation and drill prioritisation. These techniques are intended to enhance past data verification, targeting efficiency and accelerating the delineation of mineralised zones. In parallel with exploration, the Group is advancing plans for a scale processing facility aimed at: Processing tailings and historically mined material; Supporting metallurgical test work and process optimisation; and Generating early-stage production data. The plant will incorporate a proprietary gravity-based concentration module designed to enhance recovery of fine and ultra-fine mineral fractions. This forms part of the Group's patent-pending technology programme under PCT Application No. PCT/IB2026/052808, developed by members of the Group's management team. The Group's near-term objectives include: Completion of ground validation of historical datasets; Advancement toward a JORC-compliant exploration framework; Expansion of target definition and drill planning; Initiation of bulk sampling and metallurgical test work; Development of processing capabilities; and Bringing the Project into production rapidly. The commencement of field operations represents a key milestone in the development of the Kabete Gold Project. With licences secured and technical work underway, the Group is positioned to progress towards production. The technical information contained in this announcement has been reviewed by a qualified geologist with relevant experience in gold exploration. The information disclosed relates to exploration activities and results and does not constitute a mineral resource estimate. Announcement • Apr 10
Amigo Resources plc Implements Production-First Critical Minerals Platform in Africa Amigo Resources PLC was implementing an unprecedented, production-first, asset-light strategy to establish Amigo as a major aggregation, processing, and commercialisation platform for critical minerals across Africa. The Company was currently implementing an unprecedented, production-first, asset-light strategy to establish Amigo as a major aggregation, processing, and commercialisation platform for critical minerals across Africa. Amigo's primary growth driver involves establishing processing hubs in mineral-rich regions that serve as central nodes for thousands of artisanal and small-scale miners (ASM), semi-industrial operators, and licence holders. In exchange for modular infrastructure and AI-driven technical support, Amigo secures production participation of 50-80%, captures processing margins, and maintains complete offtake control. These hubs are rapidly launch-ready, typically becoming operational within 3-6 months with minimal upfront expenditure, as demonstrated by our 2 current projects. Amigo selects anchor assets only where geological scale and continuity are evidenced, ensuring ownership follows proven production rather than speculation. This feeds into our broader Mineral Aggregation Network, creating a long-term competitive moat where multiple producers feed centralised infrastructure, granting us increasing control over regional supply chains. Amigo's operations target a universe of 28 essential minerals structured to ensure exponential growth and cash flow: Tier 1 (Immediate Scale): Graphite, Nickel, Lithium, Gold, Copper, Tin, Tantalum, and Niobium. Tier 2 (Strategic Upside): Platinum Group Metals (PGMs), Rare Earth Elements (REEs), and Vanadium. Tier 3 (Tech-Led Opportunity): Cesium, Rubidium, and Hafnium. By integrating proprietary pyro-fusion thermochemical processing and AI-driven exploration targeting, Amigo expects to reduce the time from exploration to production by a staggering 60-80%. Current initiatives include: Kabete Gold Cluster: Actively integrating ASM feedstock into our production-first model. Northern Tanzania Graphite Hub: Establishing a processing-led hub to capture immediate scale in spherical graphite. Mojimoto Project: Progressing rapidly toward a near-term production trigger. Nickel /Battery Pathway: Advancing our integration strategy to meet global EV demand. Amigo expects to achieve the following strategic milestones over the next 6-12 months: Hub Commissioning: Launch of multiple processing hubs across Tanzania, Africa, and Latin America. Network Expansion: Scaling the mineral aggregation network through new ASM and semi-industrial partnerships. Strategic Offtake: Securing long-term agreements aligned with EU and U.S. critical mineral requirements. Anchor Asset: Progressing ventures on high-scale assets confirmed through rapid validation protocols. The synergy between Amigo's visionary leadership and aggressive operational execution has created a platform of Tier-One potential. By controlling the processing nodes and the information layer of the African mineral economy, we are delivering a new standard of transparency and growth. We stand at a pivotal inflection point, uniquely positioned to capture the multi-billion-dollar industrial upside of African mineral beneficiation. 
