Comprehensive Update on African Mining Division

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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:

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:

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.

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