REG - Amigo Resources PLC - Comprehensive Update on African Mining Division

Amigo ResourcesAnnouncement

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RNS Number : 6275Z  Amigo Resources PLC  08 April 2026

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THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION

FOR IMMEDIATE RELEASE
 
                                     8 April
2026

 

Amigo Resources PLC

("Amigo" or the "Company")

 

Transformational Operational Progress

Amigo Redefines African Mining through its Production-First Critical Minerals
Platform

 

Amigo Resources PLC (LSE: AMGO) is pleased to provide a comprehensive update
on its African Mining Division. The Company is 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.

 

 

Executive Chair's Strategic Review

A Statement from Craig Ransley, Executive Chair:

"Over my decades of navigating multiple industrial cycles within the global
resource sector, I have witnessed the inherent limitations of traditional
mining models, which are often burdened by high capital intensity, decade-long
development timelines, and uncertain revenue. At Amigo, we have reached a
definitive turning point by moving beyond these legacy constraints toward
operational excellence.

Our core premise is that value in Africa is not created merely by owning
mines, but by controlling production and processing. By converting working
capital into mining control, we have unlocked the potential of fragmented
mineral systems that are already active but lacked Tier-1 organisation.

This strategy is perfectly aligned with the EU Critical Raw Materials Act and
U.S. strategic mineral directives, providing a vital bridge between active
African supply and hungry Western demand markets. We are delivering secure,
non-China diversified supply chains through ESG-aligned and traceable mineral
sourcing, positioning Amigo as a fundamental contributor to the global energy
transition".

 

 

CEO's Operational Report

A Report from Anil Kumar Reddy, CEO of African Mining Operations:

"Our current execution is no longer theoretical; it is a robust and tangible
trajectory of active progress, built upon three mutually reinforcing pillars
that are driving operational transformation across our organisation. Each
pillar delivers measurable advancements, ensuring that our strategic vision is
being realised on the ground and that momentum is accelerating at every level
of the business. We are fusing world-class African mineral potential with
state-of-the-art digital oversight and advanced technological integration to
redefine efficiency in mineral extraction and set a new benchmark for
responsible, scalable growth across the continent."

 

 

Pillar 1: PCL-Led Processing & Aggregation Hubs

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.

 

 

Pillar 2 & 3: Selective Anchor Assets and the Aggregation Network

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.

 

 

The Critical Minerals Portfolio: A Tiered Strategy

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.

 

 

Technological Supremacy and Site-Specific Wins

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.

 

 

The Catalyst Pipeline: Upcoming Value Drivers for 2026

Amigo expects to achieve the following strategic milestones over the next 6-12
months:

 Milestone          Strategic Objective

 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.

 

 

Conclusion: Redefining the African Mineral Frontier

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.

 

Craig Ransley

Executive Chair

 

Anil Kumar Reddy

Chief Executive Officer - African Mining Operations

 

This announcement contains inside information for the purposes of Article 7 of
the Market Abuse Regulation (EU) 596/2014.

 

Contacts:

 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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