African Gold Ltd has initiated a major 40,000‐metre drilling campaign at its Didievi Gold Project in Côte d’Ivoire, marking the largest program in the Company’s history. The campaign follows the successful delineation of a near-surface inferred gold resource measuring 989,000 ounces at an average grade of 2.5 grams per tonne. The drilling program will combine diamond and reverse circulation techniques, with operations planned to continue through 2025 into 2026. The initial phase features the deployment of the first diamond drill rig on site, with additional rigs expected to augment the effort progressively. The project, strategically located just 35 kilometers from the capital Yamoussoukro, benefits from its proximity to existing low-grade mining operations and over 8 million tonnes of nearby processing capacity. This favorable location offers significant development optionality for accelerated production and multiple operational scenarios. Alongside the primary resource zone, additional targets such as the Pranoi prospect and the Poku trend have demonstrated encouraging initial results, reinforcing the potential for the project to evolve into a multi-million-ounce gold resource. The current campaign aims not only to extend the current mineral resource but also to systematically explore both previously defined and overlooked regional targets. The exploration effort is being led by Montage Gold Corp’s experienced on-ground team, which brings advanced technical expertise to the execution of this expansive program. Both Montage Gold’s technical manager and African Gold Ltd’s Managing Director expressed confidence that the drilling initiative will unlock further resource growth and reveal the broader regional potential of the project area, reinforcing the Company’s strategic development goals. Bullish vs Bearish Sentiment: The news is largely bullish for African Gold Ltd. On the bullish side, the commencement of a fully funded, large-scale drilling campaign following the identification of a high-grade near-surface resource signals strong technical potential and management commitment toward unlocking additional value. The presence of established strategic partners and the proximity to existing processing facilities further enhance the project’s development prospects. From a bearish perspective, risks remain typical of the exploration phase, such as uncertainties related to confirming economic viability and the challenges inherent in resource expansion. Nonetheless, the positive technical indicators and strategic positioning of the Didievi Gold Project suggest a favorable long-term outlook for the Company.