EcoGraf Ltd Gold Discovery Yields Exceptional Tanzania Results

EcoGraf Limited has announced exceptional results from its inaugural gold exploration program across Tanzania's highly prospective Golden Frontiers projects, delivering high-grade gold intercepts including 4.45 g/t gold from rock chip sampling and 8.82 g/t gold from stream sediment analysis at the Hazina prospect. The EcoGraf Ltd gold discovery in Tanzania represents a significant milestone for the company, which has achieved these results alongside an active US$9.0 million farm-in agreement with major mining house AngloGold Ashanti.

The results position EcoGraf to unlock substantial value from its 3,000+ km² of gold tenure across three frontier regions. The maiden exploration program has successfully identified 21 highly prospective gold prospects across the Southern, Northern and Western Frontiers, with initial results at the Hazina prospect demonstrating the potential for a major Proterozoic gold discovery comparable to Tanzania's established gold deposits.

Hazina Prospect Delivers Exceptional Gold Results

High-Grade Discovery at Southern Frontier

The Southern Frontier Gold Project, located 15 km south of EcoGraf's flagship Epanko Graphite Project, has emerged as a priority target following outstanding results from the Hazina prospect. Furthermore, these results highlight the significant potential of the EcoGraf Ltd gold discovery in Tanzania across multiple prospects.

Key Results:

• 4.45 g/t gold rock chip sample (sample SL-MH-RC-E-2)
• 8,820 ppb (8.82 g/t) gold stream sediment sample
• Visible gold observed in 5 stream sediment samples
• 3+ km geochemical anomaly remaining open in both directions
• 50% of stream sediment samples returned >100 ppb gold (20x background)

The results align with a significant magnetic geophysical anomaly, providing dual validation for the discovery potential. However, the company notes this represents "potential for a substantial Proterozoic gold discovery similar to Handani (1.0 Moz) or New Luika (1.1 Moz) gold deposits."

Strategic Positioning in Proven Gold Terrain

Southern Frontier benefits from its location within Tanzania's established gold infrastructure, positioned in the same administrative district as the Epanko Graphite Project. In addition, the presence of artisanal gold workings in nearby river gravels provides additional validation of the area's gold prospectivity.

AngloGold Ashanti Partnership Accelerates Golden Eagle Development

Major Mining House Validation

The US$9.0 million farm-in agreement with AngloGold Ashanti for the Golden Eagle Gold Project commenced in December 2025, providing immediate validation of EcoGraf's geological assessment and exploration strategy. Moreover, this partnership demonstrates industry confidence in the company's mineral exploration techniques and methodologies.

Under the agreement:

• AngloGold Ashanti earns 70% through US$9.0M expenditure over 5 years
• EcoGraf retains 30% carried interest
• A$491.6k initial payment received from AngloGold Ashanti
• 575.23 km² of prospecting licences granted

World-Class Geological Setting

Golden Eagle is strategically positioned on the eastern margin of the +70 million ounce Lake Victoria Goldfields, in the same structural corridor as the historic 3.4 million ounce Golden Pride gold mine. Consequently, the project covers the direct northeast continuation of the Banded Iron Formation hosting the high-grade Winston gold deposit, which has returned drill intercepts of 16m @ 55.23 g/t gold.

Understanding Proterozoic Gold Systems

What are Proterozoic Gold Deposits?

Proterozoic gold deposits form in ancient rock formations dating from 2.5 billion to 540 million years ago. These systems are characterised by:

• Orogenic gold mineralisation associated with mountain-building processes
• High-grade metamorphic settings that concentrate gold-bearing fluids
• Structural controls including shear zones and fault systems
• Metasedimentary host rocks that provide favourable chemical environments

Why This Matters for Investors

Proterozoic terrains historically received less exploration attention than Archean goldfields, creating opportunities for significant discoveries. Furthermore, recent Australian successes in similar geological settings, including Greatland's Havieron and Rio Tinto's Winu projects, demonstrate the discovery potential in these underexplored terrains.

Tanzania's Proterozoic belts have already yielded success with Shanta Gold's 1.1 million ounce New Luika Gold Mine, yet large areas remain underexplored despite hosting similar geological characteristics. For instance, geological surveys have identified numerous target areas that warrant further investigation.

Comprehensive Golden Frontiers Strategy Across Three Regions

Northern and Western Frontiers Add Scale

Beyond the Southern Frontier success, EcoGraf has systematically identified 16 additional priority prospects across the Northern and Western Frontier projects. This systematic approach reinforces the significance of the EcoGraf Ltd gold discovery in Tanzania across multiple geological terrains.

Northern Frontier (Kagera Region):

• 10 priority gold prospects identified
• Located in same belt as world-class Kabanga Nickel Sulphide Project
• Lithium pegmatite potential from granitic intrusions
• Historic exploration focused on nickel, not gold

Western Frontier:

• 6 priority gold prospects across 1,150 km²
• Multiple historic gold and copper occurrences
• Proximity to Mpanda gold mining district
• Government of Tanzania designated as priority survey area

Why Investors Should Follow EcoGraf's Gold Strategy

Multiple Value Creation Pathways

EcoGraf's gold assets provide significant optionality as the company advances its primary Epanko graphite development. With gold prices surging past US$4,500/oz and forecasts suggesting US$5,000/oz potential, the timing for gold asset development has never been more favourable.

However, the company's investment strategies must balance multiple development priorities across its portfolio.

Strategic Options Under Review:

• Major producer partnerships (validated by AngloGold Ashanti deal)
• Independent exploration advancement
• Strategic divestment at optimal valuations
• Integrated development with Tanzanian operations

Established Government Relationships

EcoGraf's strong relationship with the Government of Tanzania, built through the Epanko graphite development, provides a solid foundation for gold exploration advancement. Tanzania's mining sector contribution has recently surpassed 10% of GDP, with government policy actively supporting foreign investment and development.

In addition, the company's mining project management experience in Tanzania provides valuable operational insights for future developments.

Proven Management Team

The company's leadership, including Chairman and Managing Director involvement in the original 3.4 million ounce Golden Pride gold mine development, brings proven experience in Tanzanian gold discovery and development. This expertise has been instrumental in the success of the EcoGraf Ltd gold discovery in Tanzania.

"Our team is extremely excited to share the latest update from these projects, which hold massive potential to create shareholder value in-parallel to our priority development of Epanko and the downstream graphite business," said Andrew Spinks, Managing Director.

Investment Thesis Summary

Consequently, EcoGraf's Golden Frontiers represent a compelling value proposition – systematic exploration across highly prospective, underexplored terrain, with early high-grade results and major industry validation. This occurs during a period of exceptional gold market strength, positioning the company for potential significant value creation.

Furthermore, the combination of technical excellence, strategic partnerships, and favourable market conditions positions the company for substantial growth. The resource development projects demonstrate EcoGraf's ability to advance multiple assets simultaneously whilst maintaining focus on its primary graphite development objectives.

Are You Ready to Capitalise on EcoGraf's High-Grade Gold Discovery?

With exceptional results delivering 4.45 g/t gold at rock chip level and 8.82 g/t gold in stream sediments, plus a transformative US$9.0 million farm-in partnership with AngloGold Ashanti, EcoGraf's Golden Frontiers projects represent a compelling investment opportunity in Tanzania's underexplored Proterozoic gold terrain. The company's systematic approach has identified 21 priority prospects across 3,000+ km² of highly prospective tenure, positioning investors to benefit from multiple discovery pathways during unprecedented gold market strength. Don't miss this opportunity to learn more about EcoGraf's expanding portfolio and strategic positioning in Tanzania's mining sector. Visit EcoGraf's official website to access comprehensive project details, technical reports, and investor resources that could shape your investment decisions in this dynamic gold exploration story.