Letter from Craig Ransley, Executive Chair
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THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION
FOR IMMEDIATE RELEASE 26 February 2026
Amigo Holdings PLC
("Amigo" "PLC" or the "Company")
Letter from Craig Ransley, Executive Chair
Dear Shareholders,
Monday, 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.
While 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.
Strategic Focus: Mining over Overheads
As 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.
Building a Digital-First Mining Operation
Amigo 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.
· Advanced Exploration: We leverage cutting-edge technology to de-risk our exploration, including:
• Hyperspectral Satellite Imaging to pinpoint mineral potential, allowing us to focus our resources on the most promising targets.
• Micro-Seismic Mapping to identify tiny natural vibrations in the ground, mapping hidden cracks, faults, and structures deep underground that could host gold.
By utilising these advanced technologies, we can de-risk exploration from the outset and significantly increase our discovery accuracy. This targeted approach ensures that capital is rigorously prioritised for high-potential targets "on the ground," where tangible asset growth and shareholder value are created.
· Automation: We are committed to automating as much of the extraction process as possible. As announced on 25 February 2026, we are collaborating with Magnus Labs LLC to develop humanoid miners, which are designed to reduce human risk and increase production efficiency.
· AI and Machine Learning: Where full automation is not yet feasible, we will use these tools to optimise our decision-making and operations.
Operational Activity
In line with this strategy, I am currently at the centre of our regional activity, personally overseeing the development of the Mojimoto Gold Project. This region presents significant potential for Amigo's mining activities. My presence at this hub is required to discuss terms, oversee technical assessments, and meet with national decision-makers. I believe this hands-on approach is essential to securing the Company's position while avoiding unnecessary costs.
AGM Attendance and Governance
As a result of these critical operational requirements, I will not be able to attend the AGM in person. This was not a decision I took lightly, but I believe my time is best utilised securing these mining opportunities for the benefit of all shareholders.
It is important to note that this AGM is primarily backward-looking. The meeting will focus on approving the Annual Report and Accounts for the period when Amigo was in wind-down, which was prior to my appointment to the Board. Consequently, I have asked Jonathan Roe, Non-Executive Director and former Chair, to chair the meeting. He is fully briefed on all matters and will ensure the proceedings are conducted smoothly.
Future Outlook
My focus remains on delivering future results and building significant shareholder value by executing our exploration strategy. I am committed to strengthening the Company's foundation through tangible asset growth and operational excellence. Amigo presents a significant opportunity, and I look forward to announcing further developments regarding our progress shortly.
We remain committed to delivering results through action. Thank you for your continued support as we execute this strategy.
Yours sincerely,
Craig Ransley
Executive Chair, Amigo Holdings PLC
Contacts:
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Amigo Holdings PLC |
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Craig Ransley |
Executive Chair |
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Nick Beal |
Chief Executive |
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Sponsor
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Beaumont Cornish 0207 628 3396 |
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This announcement contains inside information for the purposes of Regulation 11 of the Market Abuse (Amendment) (EU Exit) Regulations 2019/310 (as amended). The person responsible for this announcement is Nicholas Beal, Company Secretary.
About Amigo Holdings PLC
Amigo is a public limited company registered in England and Wales with registered number 10024479. The Amigo Shares are listed on the Official List of the London Stock Exchange.
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