Second Interim Financial Results to 31 July 2026

(LSE:AMGO) Amigo Resources PLC announced its second interim financial results for the ten months ended 31 July 2026, following its transformation into an African-focused gold and rare earth mining company with principal activities in Tanzania and Mauritania. The company completed the conversion of convertible loan note tranche 2 into 125,000,000 shares at a conversion price of 0.3p per share, extinguishing all borrowings. Amigo raised £3,073,634.87 (US$4.1 million) gross proceeds through a subscription at 2.2p per share, with £753,000 received after period end, representing a 633% premium to the mandatory convertible loan notes issued in November/December 2025. The company’s enlarged issued share capital now comprises 1,329,798,836 ordinary shares. Amigo holds a 51% interest in the Kabete Gold Project in Tanzania, with approximately 159km² of confirmed licence area, and a 50.49% interest in the Mojimoto Gold Project in Tanzania's Mara Region. Mineral licences and Processing Centre Licenses for both Kabete and Mojimoto were granted by the Government of Tanzania, enabling operational and exploration activities and supporting the establishment of scalable mineral processing infrastructure. At Kabete, 167 drill holes totaling approximately 21,400 metres have been completed historically, and 1,500 soil samples were received in June 2026 with peak gold of 1.03 ppm (1,030 ppb). At Mojimoto, 624 samples reported gold in the range of 20-580 ppb. Gold production from gravity-separation pilot plants at Kabete and Mojimoto reached 1kg in June 2026 and ramped up to 5kg in July 2026. After period end, commercial-scale expansion at both projects was accelerated, with major processing equipment arriving on-site for installation, assembly, and commissioning during Quarter 4, 2026. Amigo and AK Corporation established a UK-Singapore-Tanzania structure with 51% and 49% interests, respectively, over a 17.73 km² rare-earth element licence package in south-west Tanzania, including Prospecting Licences PL 12668/2024, PL 12667/2024, and PL 12674/2024. Initial XRF screening at Musensi Hill reported potassium oxide of 9-11.7%, calcium oxide up to 15.1%, phosphorus pentoxide up to 7.29%, strontium up to 7,000 ppm, rubidium above 500 ppm, zirconium 400-900 ppm, iron oxide up to 19%, and vanadium commonly 300-600 ppm (one result at 2,600 ppm). As of 31 July 2026, the Group held cash and cash equivalents of approximately US$1.1 million and trade and other receivables of approximately US$1.9 million, including US$1.0 million for share subscription proceeds received after period end. Cash received from share issues was US$3,094,000, with a further £753,000 of the June subscription receivable at period end. The Group invested US$563,000 in plant and paid US$157,000 in advances for capital equipment. A provision of US$487,000 was recognized for mine site rehabilitation. The Group reported a loss of US$2.4 million for the four months ended 31 July 2026 (attributable to Amigo: US$2.2 million) and a loss of US$4.5 million for the ten months ended 31 July 2026 (attributable to Amigo: US$4.0 million). Revenue for the four months was US$70,000, all from Kabete's first gold sales. Administrative expenses were US$2,031,000, including a non-cash share-based payment expense of US$269,000 for shares awarded to a nominee of the CEO. Exploration and evaluation expenditure was US$261,000. Nathan Boom was appointed Chief Executive Officer from 17 July 2026. The company is executing a phased, milestone-driven rollout, with short-term priorities including the installation and commissioning of commercial-scale processing plants at Kabete and Mojimoto, ramping up gold operations, entering long-form agreements with STAMICO, and completing the acquisition of the Kamiesberg Project, subject to conditions precedent. Medium-term priorities include defining a JORC-compliant mineral resource estimate for Kabete and Mojimoto, evaluating strategic partnerships, and assessing further acquisition opportunities. Long-term goals focus on regional replication and integration across East Africa.

Additional Mining Right Granted at Kamiesberg

(LSE: AMGO) Amigo Resources PLC announced that Zirco Roode Heuwel (Pty) Ltd, the holder of the Kamiesberg Mineral Sands Project in the Northern Cape Province of South Africa, has been granted a 20-year mining right over the Sabies and Langkuil properties. This grant means that all four properties comprising the Kamiesberg Project are now covered by mining rights. The mining right was granted by the Department of Mineral and Petroleum Resources (DMPR) under section 23(1) of the Mineral and Petroleum Resources Development Act, 2002, effective from 30 September 2026 for a period of twenty years. The Kamiesberg Project now totals approximately 26,709 hectares under mining rights, with the Sabies and Langkuil properties accounting for approximately 14,390 hectares. The mining right was granted in respect of application NC 10249 MR, lodged under section 22 of the MPRDA, and includes monazite and rare earth elements as well as the broader heavy mineral sands assemblage. Prior to this, the Sabies and Langkuil properties were held under prospecting rights and/or mining right applications. Zirco Roode will now work with the DMPR to execute the mining right before a public notary and lodge it for registration at the Mineral and Petroleum Titles Registration Office. Amigo Resources PLC's subsidiary, Rare Earths Development Pte Ltd (Amigo SPV), has entered into a share purchase agreement to acquire 100% of the Kamiesberg Project through the acquisition of the equity of Zirco Resources (SA) Holdings (Pty) Ltd and Cyndara 14 (Pty) Ltd. Completion of this proposed acquisition remains subject to several conditions, including shareholder approval, publication of the Prospectus, re-admission, and the consent of the Minister under section 11 of the MPRDA to the change of control of Zirco Roode. The company continues to target completion of the proposed acquisition on or before 31 January 2027. Nicholas Beal has stepped down as a Director of the Board of Directors of the Company with effect from 28 October 2026 but remains with the Company as Company Secretary. Craig Ransley is Executive Chair and Nathan Boom is Chief Executive Officer. The company is finalising installation and commissioning and expects to provide shareholders with imminent updates. This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014.

Application to admit Employee Shares

(LSE:AMGO) Amigo Resources PLC announced the application to admit 10,000,000 fully paid new ordinary shares of 0.25p each in the Company (the "Employee Shares") to trading on the London Stock Exchange. The Employee Shares are being issued as an inducement for Nathan Boom to join the Company as Chief Executive Officer, following his appointment with immediate effect as announced on 17 July 2026. Admission of the Employee Shares is expected to become effective on or around 14 September 2026. Amigo Resources PLC 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 Financial Conduct Authority and traded on the Main Market of the London Stock Exchange. Craig Ransley is Executive Chair and Nick Beal is Executive Director.

Memorandum of Understanding

(LSE: AMGO) Amigo Resources PLC announced that it has entered into a Memorandum of Understanding with the State Mining Corporation of Tanzania (STAMICO) to establish a strategic collaboration framework for evaluating a significant graphite tailings recovery and beneficiation project in Tanzania. The MOU grants Amigo exclusivity regarding third-party discussions for the term of the MOU. Amigo will direct and finance a comprehensive technical due diligence programme, including sampling, metallurgical testing, and independent laboratory analysis. STAMICO will coordinate engagement with relevant Tanzanian Government institutions and local artisanal mining communities. The MOU records the parties' present intentions to determine the feasibility of the Project and establishes a pathway toward binding long-form contracts. Amigo retains sole and exclusive ownership of its pre-existing intellectual property, including proprietary methodologies. Specific provisions relating to exclusivity, confidentiality, costs, term, governing law, and dispute resolution are legally binding.

Change of Accounting Reference Date

(LSE:AMGO) Amigo Resources PLC announced a change of its accounting reference date from 30 September to 31 December with immediate effect. The Company's next audited financial statements will be prepared for the 15-month period ending 31 December 2026 and must be published on or before 30 April 2027. Thereafter, unaudited interim results for the 6 months ending 30 June will be published by 30 September, and audited financial statements for the 12 months ending 31 December will be published by 30 April. The change aligns Amigo's financial year end with that of its subsidiaries, including Amigo London Ltd and Amigo Capital FZE. The Company will also publish unaudited interim accounts for the period ending 30 September 2026 on or before 31 December 2026. Amigo Resources PLC is focused on gold and rare earth mining opportunities in Africa, principally in Tanzania and Mauritania.

Amigo Holdings — Musensi Hill Rare Earth Elements Project, Tanzania

(LSE: AMGO) Amigo Resources PLC announced an exploration update for the Musensi Hill Rare Earth Elements Project in Tanzania, following an earlier announcement on 1 July 2026. The company's geological team completed an initial programme of systematic geological mapping, GPS-referenced rock sampling, and geochemical screening across the project area. Laboratory results included potassium oxide values of approximately 9% to 11.7%, calcium oxide values up to approximately 15.1%, phosphorus pentoxide values locally reaching approximately 7.29%, and strontium values in several samples up to approximately 7,000 ppm. Other results included rubidium values exceeding 500 ppm, zirconium values within approximately 400-900 ppm, iron oxide values up to approximately 19%, and vanadium values commonly within approximately 300-600 ppm, with one result of approximately 2,600 ppm. Gold values for all samples were below the reported detection limit of 0.003 g/t. The company projects that the next phase will include complete REE analysis, analysis for niobium, tantalum, thorium, uranium, barium, confirmatory strontium, and definition of targets for a future first-pass drilling programme.

Operational Update: From Vision to Execution

(LSE: AMGO) Amigo Resources PLC announced an operational update on its Tanzanian operations, highlighting the successful grant of Processing Centre Licences (PCLs) at Mojimoto and Kabete. The company has completed water supply infrastructure through dedicated borehole drilling and connected electrical power to the project sites. Approximately 6,000 tonnes of historical tailings have already been relocated and prepared for processing, and around 1 million tonnes of historical tailings suitable for reprocessing have been identified. Civil works are progressing for two pilot processing facilities, each designed to process approximately 200,000 tonnes per annum per site, with each facility targeting an initial production of approximately 20 kg of gold per month per plant. Exploration activity at the Big Mine area is ongoing, including micro-seismic survey work and a trenching programme to test surface mineralisation. The company projects that it will replicate the Processing Centre model across Tanzania and aims to create one of Africa's first fully integrated artisanal mining ecosystems.

Licence Grant and Commencement

Amigo Resources PLC (LSE: AMGO) announced the formal grant of mineral licences for the Kabete Gold Project in Tanzania, enabling the commencement of on-ground operational and exploration activities. The company has mobilised its technical, operational, and mining geological teams to site and begun systematic verification and validation of historical exploration data. Historical work includes 3,800+ soil samples, 167 drill holes (~21,400 metres), and high-grade gold intersections such as 16 metres @ 6.4 g/t Au. The Group is also advancing plans for a scale processing facility and deploying advanced exploration techniques. These developments mark a significant operational milestone and position the company to progress towards production.