Provides Operational and Exploration Update for 2025 Brownfield Drilling Campaigns at Palito Complex and Coringa; Announces 2026 Brownfield Exploration Programme

Core Insights - Serabi Gold plc provides an operational and exploration update focusing on the Palito Complex and Coringa Mine, highlighting significant developments and future plans for growth in gold production [1] Operational Update Highlights - Installation of a fourth ball mill at the Palito Complex is expected to increase annual processing throughput to 330,000 tonnes per annum (ktpa) by Q4-2026, addressing capacity challenges and allowing for the processing of lower-grade stockpiles [5] - Consolidated production guidance for 2026 is set at 53,000 to 57,000 ounces of gold [35] - The Coringa Mine is currently operating under a 3-year GUIA license, with discussions ongoing regarding future licensing and necessary approvals from regulatory bodies [5][8] Exploration Update Highlights - The 2025 brownfield exploration program has been completed, totaling 38,400 meters of drilling, with 154 diamond drill holes, of which 65 returned grades over 3 grams per tonne (g/t) [5][11] - Notable drill results include high-grade intercepts such as 0.25m at 395.00 g/t Au and 1.19m at 17.54 g/t Au from various holes [5][13] - A $9 million 2026 brownfield exploration program has been approved, aiming for 30,000 meters of diamond drilling to grow the mineral inventory to over 1.5 million ounces [11][31] Future Plans and Developments - The company plans to reevaluate the São Chico Mine due to favorable gold prices and increased plant capacity, with potential rehabilitation of upper levels being assessed [7] - The 2026 exploration program will focus on testing extensions of mineralized structures at both the Palito Complex and Coringa, with specific targets identified for further drilling [32][33] - The company is optimistic about the updated mineral resource estimates expected in Q1-2026, which will reflect the results of the 2025 drilling activities [30][34]