Kobo Resources Identifies Multiple High-Priority Gold Targets at its Kotobi Project in Cote d'Ivoire

The most recent news, dated November 13, 2025, announces the identification of four high-priority gold targets at the company's Kotobi Project in Côte d'Ivoire, based on soil geochemistry. Initial first-pass trenching at the Kotobi 1 target has confirmed a bedrock source for the surface anomalies, with highlighted intercepts including 4.0 metres at 3.10 g/t Au and 4.0 metres at 2.68 g/t Au. The company plans to initiate an aggressive mechanized trenching program to better define the mineralization before commencing drilling, which is anticipated for early 2026.

The news is positive as it demonstrates progress on a secondary asset and begins to build out a longer-term exploration pipeline beyond the flagship Kossou project. The trenching results are encouraging for an early-stage program and successfully confirm the presence of gold in bedrock associated with strong soil anomalies. This de-risks the Kotobi project to a small degree and justifies further expenditure.

However, the impact is assessed as routine and not material in the short term. The market's primary focus is, and will remain, on the aggressive drilling campaign at the more advanced Kossou Gold Project and its path toward a maiden Mineral Resource Estimate (MRE). The Kotobi project is at a much earlier stage, with drilling not expected until 2026. Therefore, this news adds long-term optionality but does not fundamentally alter the company's current valuation or near-term catalysts. Given the stock's recent decline to 52-week lows, this news is unlikely to serve as a significant catalyst to reverse the bearish trend.

Looking at the historical news flow, the company has consistently delivered solid drill results from its Kossou project throughout the year. - Oct 8 & Oct 30, 2025: Reported strong, continuous gold mineralization at Kossou, with highlights like 17.0 m at 3.87 g/t Au and 10.0 m at 2.50 g/t Au. These results successfully confirmed the geological model. - Sept 2025: Successfully closed an upsized financing of nearly $4.0 million at $0.30 per share, ensuring it was funded for its planned 12,000-15,000 m drill program. - Aug 28, 2025: Announced the commencement of the large drill program at Kossou, starting September 4, 2025.

The latest news from the Kotobi project is consistent with the company's strategy of building a portfolio in Côte d'Ivoire but pales in significance compared to the ongoing, resource-defining work at Kossou.

Kobo Resources Inc. is a Canadian-based gold exploration company focused on acquiring, exploring, and developing prospective gold properties in Côte d'Ivoire. Its flagship asset is the 100%-owned Kossou Gold Project, which covers 147.36 km² and is located directly adjacent to a large operating gold mine. The company has conducted extensive drilling, soil sampling, and trenching at Kossou, defining multiple mineralized zones, including Jagger, Road Cut, and Kadie. The primary corporate objective is to advance the Kossou project towards a maiden Mineral Resource Estimate. Kobo also holds other exploration permits, such as Kotobi, and is expanding its footprint through earn-in agreements.