Famien Resources Hits Gold Across 400m Trend as Ivory Coast Ground Grows 871km²

Famien Resources advances on three fronts as Côte d’Ivoire footprint grows by 871 km²

Famien Resources (ASX: FMN) delivered a multi-pronged exploration update on 3 September 2026, combining a net ground position increase of 871 km² in Côte d’Ivoire with new RC drill results confirming gold mineralisation across a 400m strike window and a newly identified geochemical target on the Toumodi Permit.

The ground expansion was achieved through the grant of the Korhogo Exploration Permit (376 km²), the acquisition of the Ferkessedougou permit application group (757 km²), and the surrender of the lower-priority northern Abengourou Permit (262 km²).

Bonougbara Trend RC drilling confirms gold mineralisation across a 400m strike window

RC drilling beneath artisanal workings on the Bonougbara Trend in the Gogo Permit has confirmed consistent gold mineralisation down-dip, with encouraging intercepts recorded across all five drill sections completed to date. Results have been received from 13 of the 16 holes planned on the Northern Drill Target.

Better intercepts include:

• GOERC0006: 8m at 0.94g/t Au from 94m including 4m at 1.69g/t Au; plus 6m at 1.29g/t Au from 108m including 2m at 2.81g/t Au
• GOERC0007: 6m at 1.13g/t Au from 52m
• GOERC0008: 8m at 1.27g/t Au from 52m including 1m at 3.84g/t Au
• GOERC0010: 2m at 3.82g/t Au from 64m
• GOERC0016: 4m at 2.44g/t Au from 54m including 2m at 4.02g/t Au
• GOERC0017: 4m at 1.76g/t Au from 64m

Additional context from the drilling program:

1. Gold mineralisation is hosted in foliated, sericite-altered mafic volcanics with minor pyrite and quartz veining, dipping approximately 45° NW, consistent hole to hole.
2. Four shallower holes intersected artisanal mining voids at vertical depths of 41m to 56m, suggesting recorded grades are likely understated relative to what intact vein material would have returned. Historical rock chip sampling of mined quartz vein material at surface has recorded values of up to 92.6g/t Au.
3. The thickest cumulative mineralised widths intersected to date were in the deeper hole on the northernmost section — specifically GOERC0006 — indicating that follow-up drilling to the north and at depth is required.
4. To date, only 400m of the 5km Bonougbara Trend has been drill-tested, with gold mineralisation or artisanal mining voids confirmed on every cross-section drilled.
5. Results for 13 of 16 planned Northern Target holes have been received; Central Target drilling is now complete; the drill rig is expected to mobilise to Kalama Bave on the Tougbo Permit within the next week.

What the Bonougbara Trend tells you about system scale

An orogenic gold trend is a structurally controlled zone where gold-bearing fluids have migrated through the Earth’s crust along fault and shear systems, depositing gold in quartz veins over kilometres of strike length. The consistency of mineralisation across every section drilled on the Bonougbara Trend — hole after hole, 400m of strike — suggests a coherent system rather than isolated pockets.

The fact that artisanal miners have worked this ground is actually an encouraging signal for exploration investors. Those workings exist because the gold was rich enough to mine by hand, which historical rock chip values of up to 92.6g/t Au confirm. Where drill holes intersected those voids, the grades recorded are a floor, not a ceiling. With less than 20% of the 5km trend tested and the best widths sitting at the northern limit of current coverage, the system appears open in the direction that matters most.

New ground adds strategic optionality — Korhogo and Ferkessedougou target lightly explored belts

Each new tenure addition was guided by Famien’s proprietary Tier 1 Targeting System, which uses advanced geophysical interpretation to map deep crustal structures with increased probability of hosting large orogenic gold deposits.

Korhogo Permit — 376 km² on a major structural corridor

The Korhogo Permit straddles a major NNE structure separating the large greenstone belt that hosts the Tongon Mine in Côte d’Ivoire from granitic rocks to the east, a belt that also extends to the Wahgnion gold deposit in Burkina Faso. As far as the company is aware, this area has seen little or no modern exploration. A BLEG (Bulk Leach Extractable Gold) stream sediment survey — a low-cost geochemical technique used to identify gold anomalies draining large catchment areas — is planned and expected to commence in the coming months.

Ferkessedougou permit group — 757 km² on a greenstone belt linking Tongon to Abujar

The Ferkessedougou permit application group is now 100% owned by Famien subsidiaries. It sits on the next greenstone belt to the east of the Tongon belt, on a major structural trend extending south to the Abujar gold deposit in southern Côte d’Ivoire. The ground is subject to a Withdrawal Agreement with previous holders under which Famien will pay up to US$300,000 in staged payments over 12 to 20 months, with US$100,000 payable shortly. Previous holders retain a 2% NSR on mined gold production, half of which Famien may purchase for US$5 million.

Toumodi Permit — a large new target just 20km from Blaffo Guetto

BLEG stream sediment sampling conducted in May–June 2026 across the western Toumodi Permit has returned peak values of 15.7ppb Au and 19.4ppb Au, considered highly anomalous for a survey of this type, particularly given the limited artisanal mine activity in the relevant catchment areas. The Toumodi Permit lies approximately 20km along strike from Montage Gold’s Blaffo Guetto gold deposit, providing useful geological context for the belt. A follow-up soil sampling programme covering a 28km² area is planned to commence within the next fortnight.

What comes next for Famien’s Côte d’Ivoire programme

The near-term activity pipeline is sequential with no idle periods flagged across the portfolio.

Paul Roberts, Managing Director

“Our ongoing RC drilling on the Bonougbara Trend has obtained encouraging gold intercepts on less than 20% of the known gold-anomalous trend, which has the hallmarks of a large gold mineralised system. Plainly, there is a lot more work to be done here and we look forward to undertaking a larger RC program when we return to Gogo in a few months’ time after following up on our highly encouraging AC drill results at Kalama Bave in the Tougbo permit. In keeping with our strategy, we continue to expand our ground position into large, lightly explored prospective project areas prioritised by our country-scale targeting system… We are also pleased to have generated a large new target from initial sampling on our new Toumodi permit, just 20km along strike from Montage Gold’s Blaffo Guetto gold deposit.”

The upcoming activity sequence across the portfolio:

1. Drill rig mobilises to Kalama Bave (Tougbo Permit) — within the next week
2. BLEG stream sediment survey commences at Korhogo Permit — coming months
3. Soil sampling programme over 28km² at Toumodi — commencing within the fortnight
4. Follow-up RC drilling on the Bonougbara Trend (north extension and depth) — planned after Tougbo and Kalama Bave programmes are completed
5. Work commences on the Ferkessedougou ground package — later in 2026 once permits are granted

The Bonougbara Trend, with less than 20% of its 5km strike tested and the best cumulative widths sitting at the northern limit of current coverage, represents the most significant near-term value catalyst in Famien’s Côte d’Ivoire portfolio.

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