• Blaffo Guetto: Initial results confirm consistent grades, near-true thicknesses, and downdip continuity
• Konahiri North: 5 km mineralised trend confirmed, maiden diamond drilling scheduled for November 2025
• Montage share sale completed, cash balance now ~A$16 million

African Gold Ltd announced its activities report for the quarter ended 30 September 2025. The company advanced exploration at Blaffo Guetto, where drilling delivered consistent high-grade results, and at Konahiri North, where a 5 km gold anomaly was defined ahead of a maiden diamond drilling program in November 2025. African Gold also completed the sale of 2.03 million Montage Gold shares for ~A$14.96 million, increasing its cash balance to ~A$16 million and providing financial flexibility to accelerate exploration across its Didievi and Konahiri projects in Côte d'Ivoire. The Didievi project, with the Blaffo Guetto prospect as the cornerstone, is emerging as one of Côte d'Ivoire's most exciting gold opportunities, with the potential to host a multi-million-ounce gold resource. The Konahiri project, situated in a proven gold-bearing corridor, also offers outstanding greenfields exploration potential, with the current work programs focused on defining and refining drill targets ahead of the maiden drilling campaign.

African Gold will continue its systematic exploration across the Didievi and Konahiri projects, with a four-rig program including resource expansion drilling at Blaffo Guetto and first-pass regional programs targeting new satellite discoveries within the Didievi corridor. The company is also preparing for a maiden 5,000 m+ diamond drilling program at Konahiri North in November 2025.