REG - Amigo Resources PLC - Grant of Processing Licences

Amigo ResourcesAnnouncement

14/05/2026 07:01

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RNS Number : 2222E  Amigo Resources PLC  14 May 2026

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THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION

FOR IMMEDIATE RELEASE
 
                                   14 May 2026

 

Amigo Resources PLC

("Amigo" or the "Company")

 

Grant of Processing Licences and Advancement of Integrated Mineral Processing
Strategy in Tanzania

 

Amigo Resources PLC (LSE: AMGO), the London-listed mining development company
focused on Africa is pleased to announce that the Mining Commission of the
United Republic of Tanzania has 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.

Development of Strategic Processing Hubs

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.

Integrated Technical and Processing Strategy

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.

Operational Progress to Date

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.

Executive Commentary

Anil Kumar Reddy, Chief Executive Officer - Mining Operations Africa,
commented:

"The grant of these Processing Licences represents an important operational
milestone for the Company and supports our strategy of establishing scalable
mineral processing infrastructure within Tanzania. Kabete provides an
opportunity to evaluate specialised recovery methodologies for
sulphide-associated and potentially refractory gold systems, while Mojimoto
advances our integrated exploration and processing strategy within the Lake
Victoria Goldfield region. We believe the combination of gold anomalism
together with nickel, chromium and early-stage PGM indicators at Mojimoto
warrants further systematic exploration and metallurgical assessment."

Craig Ransley, Chairman of Amigo Resources PLC, commented:

"These Processing Licences advance Amigo's strategy of integrating modular
processing, AI-assisted exploration and advanced metallurgical evaluation into
a differentiated platform for both exploration and specialised beneficiation
of complex mineral systems. Conventional free-milling gold is expected to be a
significant component at Kabete and Mojimoto, but the Company is also
evaluating recovery methods for ultra-fine and refractory-associated gold
fractions, alongside nickel, chromium and early-stage PGM indicators at
Mojimoto, which warrant further systematic assessment."

Cautionary Statement

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.

Forward-looking statements, including those relating to the development of
processing hubs, metallurgical recovery, exploration outcomes and operational
timelines, involve known and unknown risks and uncertainties. Actual results,
performance or achievements may differ materially from those expressed or
implied. The Company undertakes no obligation to update forward-looking
statements except as required by applicable law or regulation.

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

 

Important Notice & Forward-Looking Statements

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.

This announcement contains forward-looking statements relating to the proposed
Joint Venture, the licence portfolio and exploration plans. Such statements
are based on current expectations and assumptions and are subject to risks and
uncertainties, including the completion of due diligence, definitive
documentation, regulatory approvals, exploration outcomes, commodity prices,
and operational conditions. Historical exploration results referenced herein
are derived from third-party reports and have not yet been independently
verified by a Qualified Person under JORC or NI 43-101 standards. Actual
results may differ materially from those expressed or implied. This document
is for informational purposes only and does not constitute an offer or
solicitation to buy or sell securities.

 

-ENDS-

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