Appointment of CEO – Mining Operations Africa

Amigo Resources PLC

30 March 2026

 

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THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION

FOR IMMEDIATE RELEASE                                                                                                                30 March 2026

Amigo Resources PLC

("Amigo" or the "Company")

Appointment of CEO - Mining Operations Africa

Amigo Resources PLC (LSE: AMGO) is pleased to announce that its wholly owned subsidiary Amigo Capital FZE has appointed Mr Anil Kumar Reddy Yerrapareddy as Chief Executive Officer of African Mining Operations effective 1 April 2026.

In this key executive role, Anil will report directly to the Executive Chair of Amigo Resources PLC and will be responsible for the strategic identification, technical due diligence, acquisition, and operational management of the Group's mining assets across the African continent, with initial focus on the Company's priority projects in Tanzania and Mauritania.

Professional Background and Track Record

Anil is a highly accomplished mining entrepreneur with over 15 years of global experience spanning mineral exploration, processing, and industrial development across Africa, India, and the Middle East.  He is founder, director and ultimate beneficial owner of AK Corporation FZCO ("AK"). AK is headquartered in Dubai, with offices in: Tanzania, Zimbabwe, and Zambia. AK is the strategic technical partner working with Amigo on the two projects that it has announced.

Strategic Alignment

The appointment of Anil is intended to significantly accelerate Amigo's goal of transitioning from exploration to commercial production. By leveraging his unique technical network and proven track record in project de-risking and processing infrastructure development, Amigo aims to expedite the expansion of its resource base and unlock the full value of its district-scale assets in the Kilindi-Handeni Goldfields and the Lake Victoria Gold Belt.

Remuneration and Incentives

In addition to a market-based salary, Anil's remuneration package is designed to align his interests directly with tangible asset growth and shareholder value. Under the terms of his employment agreement, he (or his nominated vehicle) will receive 25% equity in any mining venture, project entity or special purpose vehicle that he introduces to the Group (as an absolute property right).  These interests vest automatically upon the acquisition or incorporation of the relevant project and are protected against dilution.

Craig Ransley, Executive Chair, commented:

"We are delighted to welcome Anil to Amigo in this pivotal leadership role. His extensive on-the-ground experience across African mining jurisdictions, combined with a proven track record in project de-risking, processing infrastructure development, makes him the ideal leader to advance our strategic growth ambitions in Africa. Anil's appointment reinforces our commitment to operational excellence and sustainable value creation for shareholders."

Anil Kumar Reddy commented:

"I am honoured to join Amigo at an exciting stage of its development. Africa holds immense mineral potential, and I look forward to working with the Board and local stakeholders to unlock value through disciplined exploration, responsible development and community-focused operations."

This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014. The person responsible for this announcement is Nicholas Beal, Chief Executive.

Amigo Holdings PLC	[e-mail]
Craig Ransley	Executive Chair
Nick Beal	Chief Executive
Sponsor	Beaumont Cornish 0207 628 3396

About Amigo Resources PLC

Amigo is a public limited company registered in England and Wales with registered number 10024479. Amigo is focussed on gold and rare earth mining opportunities in Africa, principally in Tanzania and Mauritania. The Amigo Shares are listed on the Official List of the London Stock Exchange

Additional Information

This announcement is not intended to, and does not, constitute or form part of any offer, invitation, or the solicitation of an offer to purchase, otherwise acquire, subscribe for, sell, or otherwise dispose of, any securities, or the solicitation of any vote or approval in any jurisdiction, pursuant to this announcement or otherwise.

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