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KRI: Strong Drill Results Leading to Maiden Resource in Q1/26

What you need to know:
• Kobo reported strong assay results from the Road Cut and Jagger Zones, including 2.50 g/t Au over 10.0m and 17.30 g/t Au over 1.0m, confirming high grade mineralization along the Contact Fault.
• Drilling continues to validate strong grade continuity within key shear zones, reinforcing the scale and growth potential at Kossou.
• The 12,000m-15,000m drill program continues, with additional drill results expected over the coming months, ahead of the Maiden Resource Estimate planned to be released in Q1/26.

This morning, Kobo Resources (KRI:TSXV) announced additional diamond drill results from its 100%-owned Kossou Gold Project. Today’s results include holes KDD0100-KDD0109, come from the Road Cut and Jagger Zones and continue to demonstrate strong continuity and grade along the Contact Zone Fault, the primary structural control on gold mineralization at the Project. Highlights include 2.50 g/t Au over 10.0m (including 3.77 g/t Au over 6.0m) at the Road Cut Zone and 17.30 g/t Au over 1.0m at the Jagger Zone. These results further validate Kobo’s geological model and strengthen confidence in the scale and continuity of the gold system as the Company advances toward a Maiden Resource Estimate in Q1/26.
We are maintaining our BUY rating and $0.55/share target price on KRI.

Highlights Include:
Road Cut Zone
• KDD0104: 1.20 g/t Au over 7.0m from 72.0m, and 1.49 g/t over 13.0m from 93.0m.
• KDD0109: 2.50 g/t Au over 10.0m from 41.0m, including 3.77 g/t over 6.0m, and 1.86 g/t over 10.0m from 204.0m, and 0.51 g/t over 11.0m from 229.0m.
Jagger Zone
• KDD0100: 17.3 g/t Au over 1.0m from 38.0m, and 3.72 g/t over 1.0m from 94.0m, and 1.04 g/t over 9.0m from 172.0m, and 1.26 g/t over 11.0m from 188.0m.