REG - Amigo Holdings PLC - Corporate Update: Mojimoto Gold Project, Tanzania

Amigo ResourcesAnnouncement

23/02/2026 09:15

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RNS Number : 0070U  Amigo Holdings PLC  23 February 2026

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THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION

 

FOR IMMEDIATE
RELEASE
23 February 2026

 

Amigo Holdings PLC

("Amigo" "PLC" or the "Company")

 

Corporate Update: Mojimoto Gold Project, Tanzania

 

Amigo Holdings PLC (LSE: AMGO) provides an update on exploration activities
and corporate restructuring related to the Mojimoto Gold Project in the Mara
Region of Tanzania.

Following its preliminary update on 19 January 2026, Amigo's group of
companies ("Group") has advanced technical work to assess the potential of its
licences within the Lake Victoria Gold Belt. To support the next phase of
development, the Company has also incorporated three new group subsidiaries.

 

Exploration Progress and Technology Deployment

In partnership with technical collaborator AK Corporation, the Group has
completed the following initial exploration work:

·   Regional Analysis: Completed regional structural analysis and surface
geological reconnaissance.

·   Target Ranking: Ranked exploration targets across all licence areas.

·   Subsurface Imaging: Conducted micro-seismic subsurface structural
imaging across priority zones.

·   Data Integration: Initiated workflows to integrate surface and
subsurface datasets for structural interpretation.

The Group is utilising advanced technologies to minimise geological risk
before drilling, including AI-assisted satellite alteration mapping, rapid
spectral analysis, and integrated geospatial modeling.

 

Regional Context

The Mojimoto Project is located in the Mara Region, a premier gold province
hosting several multi-million-ounce operations. The project is situated within
the Lake Victoria Gold Belt, near established large-scale mines such as:

·   North Mara Gold Mine (Barrick Gold Corp): Reported reserves of
approximately 3 million ounces.

·   Geita Gold Mine (AngloGold Ashanti): Reported reserves of approximately
3.5 million ounces.

The presence of these mines demonstrates the structural continuity of
gold-bearing systems in the region, providing a foundation for systematic
exploration at Mojimoto.

 

Corporate Restructuring

Amigo has established a new corporate structure to manage its regional
interests:

·   Amigo Capital FZE (Dubai): Wholly owned by Amigo Holdings PLC; serves
as the holding company for mining opportunities in Tanzania.

·   Kivuli Holdings Ltd (Ras Al Khaimah): 51% owned by Amigo Capital FZE;
acts as an intermediate holding company for Tanzanian operations.

·   Afri Core Resources Limited (Tanzania): 99% owned by Kivuli Holdings
Ltd; this entity is a holding company for exploration licences granted in
Tanzania.

 

Next Steps

The Group's forthcoming technical objectives include:

·  Completing integrated structural modeling.

·  Conducting targeted trenching in high-priority zones.

·  Refining drill-ready targets.

·  Continuing systematic exploration using advanced methodologies.

The primary goal is to expedite the technical understanding of the licences
while maintaining prudent capital allocation.

 

Project Status and Cautionary Statement

The Mojimoto Gold Project remains at an early exploration stage. Current
exploration is insufficient to define a Mineral Resource or Mineral Reserve
under applicable reporting codes. References to nearby large-scale mines are
for regional context only and do not imply that similar mineralisation exists
on the Group's licences. The exploration activities and corporate
restructuring have been executed through internal resources.

 

Contacts:

 Amigo Holdings PLC  investors@amigo.me (mailto:investors@amigo.me)
 Craig Ransley       Executive Chair
 Nick Beal           Chief Executive

 Sponsor             Beaumont Cornish

                     0207 628 3396

 

This announcement contains inside information for the purposes of Regulation
11 of the Market Abuse (Amendment) (EU Exit) Regulations 2019/310
(as amended). The person responsible for this announcement is Nicholas
Beal, Company Secretary.

About Amigo Holdings PLC

Amigo is a public limited company registered in England and Wales with
registered number 10024479. The Amigo Shares are listed on the Official List
of the London Stock Exchange.

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