REG - Amigo Resources PLC - Appointment of CEO – Mining Operations Africa

Amigo ResourcesAnnouncement

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RNS Number : 6362Y  Amigo Resources PLC  30 March 2026

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THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION

FOR IMMEDIATE RELEASE
 
                                 30 March 2026

 

Amigo Resources PLC

("Amigo" or the "Company")

 

Appointment of CEO - Mining Operations Africa

Amigo Resources PLC (LSE: AMGO) is pleased to announce that its wholly owned
subsidiary Amigo Capital FZE has appointed Mr Anil Kumar Reddy Yerrapareddy as
Chief Executive Officer of African Mining Operations effective 1 April 2026.

In this key executive role, Anil will report directly to the Executive Chair
of Amigo Resources PLC and will be responsible for the strategic
identification, technical due diligence, acquisition, and operational
management of the Group's mining assets across the African continent, with
initial focus on the Company's priority projects in Tanzania and Mauritania.

Professional Background and Track Record

Anil is a highly accomplished mining entrepreneur with over 15 years of global
experience spanning mineral exploration, processing, and industrial
development across Africa, India, and the Middle East.  He is founder,
director and ultimate beneficial owner of AK Corporation FZCO ("AK"). AK is
headquartered in Dubai, with offices in: Tanzania, Zimbabwe, and Zambia. AK is
the strategic technical partner working with Amigo on the two projects that it
has announced.

 

Strategic Alignment

The appointment of Anil is intended to significantly accelerate Amigo's goal
of transitioning from exploration to commercial production. By leveraging his
unique technical network and proven track record in project de-risking and
processing infrastructure development, Amigo aims to expedite the expansion of
its resource base and unlock the full value of its district-scale assets in
the Kilindi-Handeni Goldfields and the Lake Victoria Gold Belt.

 

Remuneration and Incentives

In addition to a market-based salary, Anil's remuneration package is designed
to align his interests directly with tangible asset growth and shareholder
value. Under the terms of his employment agreement, he (or his nominated
vehicle) will receive 25% equity in any mining venture, project entity or
special purpose vehicle that he introduces to the Group (as an absolute
property right).  These interests vest automatically upon the acquisition or
incorporation of the relevant project and are protected against dilution.

 

Craig Ransley, Executive Chair, commented:

"We are delighted to welcome Anil to Amigo in this pivotal leadership role.
His extensive on-the-ground experience across African mining jurisdictions,
combined with a proven track record in project de-risking, processing
infrastructure development, makes him the ideal leader to advance our
strategic growth ambitions in Africa. Anil's appointment reinforces our
commitment to operational excellence and sustainable value creation for
shareholders."

Anil Kumar Reddy commented:

"I am honoured to join Amigo at an exciting stage of its development. Africa
holds immense mineral potential, and I look forward to working with the Board
and local stakeholders to unlock value through disciplined exploration,
responsible development and community-focused operations."

 

This announcement contains inside information for the purposes of Article 7 of
the Market Abuse Regulation (EU) 596/2014. The person responsible for this
announcement is Nicholas Beal, Chief Executive.

 

 Amigo Holdings PLC         investors@amigo.me
 Craig Ransley              Executive Chair
 Nick Beal                  Chief Executive

 Sponsor                    Beaumont Cornish

                            0207 628 3396

 

About Amigo Resources PLC

Amigo is a public limited company registered in England and Wales with
registered number 10024479. Amigo is focussed on gold and rare earth mining
opportunities in Africa, principally in Tanzania and Mauritania. The Amigo
Shares are listed on the Official List of the London Stock Exchange

 

Additional Information

This announcement is not intended to, and does not, constitute or form part of
any offer, invitation, or the solicitation of an offer to purchase, otherwise
acquire, subscribe for, sell, or otherwise dispose of, any securities, or the
solicitation of any vote or approval in any jurisdiction, pursuant to this
announcement or otherwise.

-ENDS-

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