Quarterly Activities/Appendix 5B Cash Flow Report

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Stock African Gold Ltd (A1G.ASX)
Release Time 31 Jul 2025, 5:52 p.m.
Price Sensitive Yes
 Didievi Gold Project Resource Surges 119% to 989,000oz
Key Points
  • Low-cost growth: Discovery cost under US$5/oz (all-in)
  • High-grade, near-surface: Mineralisation open at depth/strike, confirmed over 1.8 km
  • Expansion potential: Recent drilling at Pranoi and Poku not yet included
Full Summary

African Gold Ltd (ASX: A1G) announced a 119% increase in the Inferred Mineral Resource at its Blaffo Guetto deposit in Côte d'Ivoire, now totalling 989,000oz at 2.5g/t Au (12.4Mt at 0.8g/t Au cut-off), exceeding 1,000,000oz at lower cut-offs. The upgrade supports African Gold's long-term plan to build a multi-million-ounce gold system with support from Montage Gold Corp. Drilling at the Pranoi Prospect, 11 km north of Blaffo Guetto, confirmed high-grade, shallow, gold mineralisation over a 600m strike, with potential to extend beyond 1.5 km. African Gold has commenced a 40,000m diamond and RC drilling campaign at the Didievi Gold Project, the largest in the Company's history, to expand the current resource and test high-priority regional targets. The Didievi Project is strategically located in central Côte d'Ivoire, approximately 35km from the capital, Yamoussoukro, and 60km from operating mines. African Gold has also made significant progress in unlocking the potential of the Didievi Gold Project with promising regional drilling results at the Poku Trend, located just south-east 3km from the Blaffo Guetto deposit, revealing a large gold system with increasing grade and thickness to the south.

Outlook

African Gold is fully funded to continue the aggressive exploration at the Didievi Project, with further drilling planned to define the full scale of the gold system and unlock the project's multi-million ounce potential.