Update on the Acquisition of Pereira Velho Project

Ajax Resources PLC

09 February 2026

 

9 February 2026

AJAX RESOURCES PLC

("Ajax" or the "Company")

Update on the Acquisition of the Pereira Velho Gold Project

Ajax [AQSE: AJAX], the natural resources investment company, is pleased to announce that it has agreed an extension for the period of exclusivity with  Appian Capital Advisory Limited ("Appian") to 6 March 2026 for the Heads of Terms to acquire 100% of the issued share capital of Pereira Velho Exploração S.A., a Brazilian company that owns the Pereira Velho Gold Project (the "Proposed Acquisition") in Alagoas State, Brazil.

The purpose of the extension is to allow sufficient time to satisfy certain local administrative requirements necessary for completion of the Proposed Acquisition, which was first announced via regulatory news on 11 December 2025.

It is expected that Appian will become a significant shareholder in Ajax upon completion of the Proposed Acquisition on or before 6 March 2026.

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For further information: 

Ajax Resources Plc Ippolito Ingo Cattaneo, Chief Executive Officer	Tel: + 44 (0) 208 146 6345 [e-mail]
Allenby Capital Limited (AQSE Corporate Adviser) Nick Harriss / Nick Athanas	Tel: + 44 (0) 203 328 5656 [e-mail] [e-mail]

About Ajax Resources Plc

Ajax Resources Plc is a UK natural resources investment company listed on the Aquis Stock Exchange (AQSE: AJAX). The Company was previously listed on the FCA Official List of the Main Market of the London Stock Exchange as a Special Purpose Acquisition Company (SPAC) before transitioning to its current strategy as an operational natural resources investment vehicle.

Ajax is focused on identifying, acquiring and advancing assets containing copper, gold, silver, zinc, uranium and lead - commodities supported by strong long-term demand fundamentals. The Company's strategy centres on the acquisition and development of assets with historical production, significant untapped or latent potential, and substantial exploration upside, typically secured on highly advantageous terms. Ajax aims to progress these assets through development and into production, with the objective of generating revenue and long-term shareholder value.

About Appian Capital Advisory Limited

Appian Capital Advisory Ltd is the investment advisor to long-term value-focused private capital funds that invest in companies in metals, mining, and adjacent industries.

Appian holds approximately US$5 billion in assets under management, making it one of the world's largest dedicated mining-focused private equity groups.

Appian is a leading investment advisor with global experience across South America, North America, Australia and Africa and a successful track record of supporting companies in metals, mining, and adjacent industries to achieve their development targets, with a global operating portfolio overseeing approximately 6,000 employees.

Appian has a global team of 100 experienced investment professionals, combining financial and technical expertise, with presences in London, Abu Dhabi, New York, Dubai, Belo Horizonte, São Paulo, Beijing, Hong Kong, Toronto, Lima and Perth.

For more information, please visit www.appiancapitaladvisory.com, or find us on LinkedIn, Instagram or Twitter/X.

 

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