Business
Proposed Joint Development Agreement
Amigo Resources PLC is advancing its Tanzanian gold projects, Negero-Kilimamzinga and Mazoka, through its subsidiary Azima Holdings Limited and Kabete Minerals Company Limited, which Azima owns 51% of. Azima has entered a Joint Development Agreement with AK Corporation - FZCO, who will manage operational execution including exploration and plant construction. Azima will provide a minimum of USD1.2 million in funding over the next twelve months for the 159.11 km² project area. Pilot-scale production is underway, with approximately 5 kg of gold expected in April 2026. 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\nTHIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION\nFOR IMMEDIATE RELEASE 26 March 2026\n \nAmigo Resources PLC\n(\"Amigo\" or the \"Company\")\n \nProposed Joint Development Agreement - Tanzanian Gold Projects\n \nAmigo Resources PLC (LSE: AMGO) is pleased to announce that its wholly owned subsidiary incorporated in the UAE, Azima Holdings Limited (\"Azima\"), is moving forward with the operational development of the Negero-Kilimamzinga and Mazoka gold projects (\"Project\") in the Tanga Region of Tanzania.\n \nThe Project will be executed through Kabete Minerals Company Limited (\"Kabete\"), a company incorporated under the laws of Tanzania, which is 51% owned by Azima.\n \nTo support this transition into active development, Azima has established an exclusive framework through a Joint Development Agreement (\"Agreement\") with its technical collaborator, AK Corporation - FZCO (\"Technical Partner\") for the development, exploration and commercial exploitation of the Project.\n \nThe Technical Partner is an integrated enabler of the development process, providing the specialised operational execution required to transition the Project into a commercial-scale producer. The Technical Partner will lead operational execution, including licence and regulatory management, geological oversight, plant design and construction, site management, HSE compliance, and monthly technical reporting.\n \nAzima will provide a minimum of USD1.2 million in operational funding to the Project o...