REG - Amigo Resources PLC - Strategic Update re. Tanzanian Mineral Ecosystem

Amigo ResourcesAnnouncement

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RNS Number : 4270Z  Amigo Resources PLC  07 April 2026

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THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION

FOR IMMEDIATE RELEASE
 
                                     7 April
2026

 

Amigo Resources PLC

("Amigo" or the "Company")

Update: Strategic Positioning to Capitalise on the Tanzanian Integrated
Mineral Ecosystem

Letter from Craig Ransley, Executive Chair

Dear Shareholders,

I am writing to provide a comprehensive strategic update on the evolution of
Amigo Resources PLC.

We are entering a transformative phase, positioning the Company to capture and
benefit from a unique, generational opportunity at the intersection of
resource ownership, structured finance, and global commodity market access
within East Africa.

 

Digital Transformation: A New Standard for Transparency

A key pillar of our evolution is our commitment to digital transformation and
enhanced engagement with our global investment community.

I am pleased to announce the formal launch of our new corporate website
(www.amigoplc.com) and our new branding as Amigo Resources PLC.

This digital platform serves as more than just an information portal; it
signifies our shift toward becoming a digital-first mining operation,
providing shareholders with access to our strategic roadmaps, regulatory
disclosures, and branding that reflects our integrated multi-mineral focus.

 

Capitalising on the Tanzanian Macro Advantage

Our strategic decision to focus on Tanzania is based on the Company's ability
to benefit directly from a premier jurisdiction with a compelling
macroeconomic environment. Tanzania currently offers real GDP growth projected
at 6.1% - 6.3% for 2026, and 6.5% for 2027 and a stable average inflation rate
of approximately 3.3%.

Amigo further benefits from a significant geographic moat, specifically the
Dar es Salaam Port, the largest in East Africa, which serves as a vital
logistics gateway for landlocked mining economies including Zambia and the
Democratic Republic of Congo.

While minerals already account for more than half of the country's
non-traditional exports, the region remains vastly under-explored; only
approximately 16% of Tanzania has been mapped with high-resolution airborne
geophysics. We are aligning our tactical expertise to secure a first-mover
entry point ahead of the government's ambitious target to increase this
coverage to 50% by 2030.

 

The Three-Engine Strategy: Maximising Corporate Value

Amigo utilises an integrated platform designed to capture value at multiple
points along the mineral chain through three reinforcing engines:

1.      Engine 1: Gold Platform (Production-First Monetisation): Gold
remains the country's most mature mineral sector. We are pursuing a
production-first strategy in proven districts, underwriting existing
geological data to achieve faster routes to monetisation. Crucially,
Tanzania's large Artisanal and Small-scale Mining ("ASM") base creates
significant sourcing depth and partnership potential, allowing us to scale
small-scale operations toward medium-scale production efficiently.

2.      Engine 2: Rare Earths Platform (Strategic Upside): We will
targeting high-demand critical minerals essential to the global EV and
electronics supply chains. Our primary focus will include Spherical Graphite
(a US$400-650m annual value opportunity) and REE Metals Nd-Pr (a US$320-400m
annual value opportunity). This will provide Amigo with vital supply chain
diversification exposure in a market where global governments are seeking
secure alternatives to traditional concentrated sources.

3.      Engine 3: Mining Finance Platform (The Intelligence Layer): This
engine acts as Amigo's primary information and deal-origination tool. By
providing specialist capital and tailored lending products to the
capital-constrained ASM sector, we will gain an exclusive intelligence layer.
This will grant Amigo privileged visibility into production rates, repayment
history, and on-the-ground geological reality, allowing us to de-risk our own
operations and originate the highest-quality joint-venture and offtake
opportunities before they reach the wider market.

 

The Integrated Ecosystem: A Closed-Loop Benefit

The true strength of our model lies in a closed-loop feedback system where all
three engines will reinforce one another. Finance leads to data, data leads to
better asset sourcing, and production reinforces our technical expertise,
continuously improving our risk selection and operational economics.

By leveraging targeted infrastructure, we are positioning Amigo to capture the
industrial upside of domestic value addition, a sector with an estimated
annual value creation potential of US$7.2bn-US$11.7bn.

 

Growth Roadmap and Strategic Outlook

Amigo is executing a phased, milestone-driven rollout where capital follows
asset readiness:

·    Short Term: Secure targeted production-ready assets, launch initial
gold operations, and structure the finance-platform entry and create a
self-funding platform.

·    Medium Term: Expand physical production footprint, roll out tailored
lending products, and lock in robust international offtake channels.

·    Long Term: Achieve regional replication across the wider East African
corridor and solidify our position as a completely integrated mineral
ecosystem.

Amigo stands at a pivotal inflection point.

Supported by national policy tailwinds and a robust resource base, we are
committed to delivering sustainable long-term value through operational
excellence.

 

Yours sincerely,

Craig Ransley

Executive Chair

Amigo Resources PLC

 

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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