Highlights

  • Drilling expands Blaffo Guetto mineralisation with large 100-metre step outs intersecting gold.
  • Metallurgical tests indicate non-refractory ore with recoveries above 90 percent.
  • Updated resource estimate targeted for 1H 2026 with focus on open-pit ounces.

African Gold (ASX:A1G) has released new drilling and metallurgical results from its Blaffo Guetto deposit within the Didievi Gold Project in Côte d’Ivoire. The latest program of aggressive 100-metre step-out diamond drilling has continued to extend mineralisation along strike and at depth, adding further continuity to the growing gold system.

Recent drill intercepts include:

  • 8.5 m at 6.5 g/t Au from 375 m (BGDD25-011)
  • 11.1 m at 4.2 g/t Au from 421 m (BGDD25-017)
  • 12.0 m at 2.8 g/t Au from 474 m (BGDD25-016)

All holes in the current phase intersected mineralisation. The results contribute to an expanded geological model, building on the existing ~1 Moz inferred resource base, which starts from surface. A resource update is underway and is targeted for completion in 1H 2026 with an emphasis on open-pit constrained ounces.

Metallurgical Results Reinforcing Processing Characteristics

A total of 132 cyanide leach screening (BLEG) tests were completed across the Blaffo Guetto resource area using fresh rock samples from the ongoing drilling program. Most samples returned recoveries above 90 percent. The full dataset, including all outliers, averaged approximately 84 percent recovery.

Test work showed no material lock-up issues at this stage, supporting previous petrography findings indicating gold is not locked within sulphide species. Follow-up variability and optimisation programs are now being planned to further refine metallurgical understanding.

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Advancing Studies and Project Development Workstreams

Alongside drilling and metallurgical testing, African Gold is progressing environmental baseline studies and associated technical programs as part of broader project derisking efforts. With the wet season concluded, drilling activity is increasing, and up to four rigs are scheduled to be active on site.

The Didievi Project continues to emerge as a significant gold system within Côte d’Ivoire’s developing gold corridor. Blaffo Guetto remains the primary deposit, supported by previous high-grade intercepts and nearly 1 Moz of inferred resources at 2.5 g/t Au. Additional prospects, including Pranoi and the 9-kilometre Poku Trend, have shown early mineralisation continuity and intercepts, reinforcing the broader district-scale potential.

African Gold has approximately USD 15 m in cash and liquid assets to support ongoing exploration and study programs across its Côte d’Ivoire portfolio.

Share Performance of A1G

A1G was trading 4.76% lower at AUD 0.300 per share as of 17 November 2025.