Amigo Resources (LSE:AMGO) is moving forward with the operational development of the Negero-Kilimamzinga and Mazoka gold projects in the Tanga region of Tanzania.
The project will be executed through Kabete Minerals, a company incorporated under the laws of Tanzania, which is 51% owned by Azima.
To support the transition into active development, Azima has established an exclusive framework through a joint development agreement with its technical collaborator AK Corporation – FZCO for the development, exploration and commercial exploitation of the project.
Azima will also provide a minimum of US$1.2 million ($1.73 million) in operational funding to the project over the next 12 months.
Amigo says the technical partner is an integrated enabler of the development process, providing the specialised operational execution required to transition the project into a commercial-scale producer.
The partner will lead operational execution, including licence and regulatory management, geological oversight, plant design and construction, site management, HSE compliance and monthly technical reporting.
Amigo Executive Chairman Craig Ransley says Azima kicking off development marks a step forward in the strategy to develop high-potential gold assets.
“By partnering with an experienced technical operator, we are positioning Kabete for efficient execution and value creation,” Ransley says.
“Pilot scale production is currently underway, with approximately 5kg of gold production expected in April 2026.”
The Negero-Kilimamzinga and Mazoka gold projects comprises multiple prospecting licences covering 159.11km2, with additional contiguous licences forming a district-scale exploration package within the Kilindi-Handeni Goldfields.
Amigo Resources is a gold and rare earth-focused explorer and developer.
Write to Aaliyah Rogan at Mining.com.au
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