Business
Letter from Craig Ransley, Executive Chair
Amigo Holdings PLC is undergoing a strategic shift towards mining exploration, prioritizing capital allocation to on-the-ground activities and advanced technologies like hyperspectral satellite imaging and micro-seismic mapping to de-risk exploration and increase discovery accuracy. The company is also pursuing automation in extraction processes, including collaboration with Magnus Labs LLC for humanoid miners, and leveraging AI and machine learning for operational optimization. Executive Chair Craig Ransley is personally overseeing the development of the Mojimoto Gold Project, necessitating his absence from the upcoming Annual General Meeting, which will focus on the prior period's Annual Report and Accounts. Disclaimer*
About this update from Amigo Resources Plc
[{"type":"text","content":"\n\nNOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION\n \nTHIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION\n \nFOR IMMEDIATE RELEASE 26 February 2026\n \n \nAmigo Holdings PLC\n(\"Amigo\" \"PLC\" or the \"Company\")\n \nLetter from Craig Ransley, Executive Chair\n \nDear Shareholders,\nMonday, 2 March 2026, marks the first Annual General Meeting (AGM) since I joined the Board. I am writing to provide an update on our strategic shift toward mining exploration and to explain my physical absence from the AGM.\nWhile I will not attend the meeting in person, I remain at the centre of our mining activity to ensure we secure the best possible results for Amigo.\nStrategic Focus: Mining over Overheads\nAs outlined in our announcement on 23 February 2026, my primary mandate is to maximise shareholder value through tangible asset growth. To achieve this, we are rigorously prioritising capital allocation toward mining exploration and operations rather than administrative overheads. We are focusing our resources \"on the ground\" where we believe real value is created.\nBuilding a Digital-First Mining Operation\nAmigo has a distinct advantage over established major players: we operate without the burden of legacy analogue systems, allowing us to build a digital-first mining business from the outset.\n· Advanced Exploration: We leverage cutting-edge technology to de-risk our exploration, including:\n• Hyperspectral Satellite Imaging to pinpoint mineral potential, allowing us to focus our resources on the most promising targets.\n• Micro-Seismic Mapping to identify tiny natural vibrations in the ground, mapping hidden cracks, faults, and ...