Lipari Mining Reports Financial Year 2025 Diamond Sales, Suspension of Operations at The Brauna Mine and CFO Transition

Executive Summary

• Lipari Mining reports FY‑2025 production of 574,466 t ore mined and 83,350 carats recovered, generating $21.82 M revenue—still a sharp decline in sales price per carat in Q4 due to weak global diamond markets and U.S. tariffs.
• Operations at the Braúna mine have been placed on care‑and‑maintenance pending market recovery and a revised mine plan to address ore dilution issues.
• The company is shifting focus to its Tchitengo Diamond Project in Angola and announces an interim CFO appointment following the departure of the long‑time CFO.

Key Details

• FY‑2025 Production – Ore mined: 574,466 t (up from 286,033 t FY‑2024); ore processed: 571,665 t; diamonds recovered: 83,350 carats (vs. 46,026 c FY‑2024).
• Sales & Revenue – Diamonds sold: 104,508 carats for $21,821,275 CAD ($16.41 M USD); average price $209/ct (down from $203/ct FY‑2024). Final December 2025 sale averaged $179/ct, well below the historic $183/ct benchmark.
• Market Impact – Q4‑2025 revenue fell sharply due to a 50 % U.S. tariff on Indian diamond manufacturers and lower recovered grades caused by waste‑rock dilution.
• Operations Suspension – Braúna mine placed in care‑and‑maintenance; company will monitor market conditions and develop a new mine plan to mitigate ore dilution before restarting.
• Tchitengo Project Focus – 75 % interest in the Angolan project; NI 43‑101 resource (May 1 2025) of 28.8 Mt indicated (13.6 Mcts @ 47.2 cpht) and 6.5 Mt inferred (2.0 Mcts @ 30.7 cpht).
• Equipment Shipment – On Dec 18 2025, a 5 tph kimberlite processing plant was shipped from Canada to Angola for pilot‑scale testing of the Tchiuzo pipe.
• CFO Transition – Geovani Mariz departed Jan 31 2026 after 12 years; Diego Nascimento appointed Interim CFO/Corporate Secretary effective Feb 1 2026.
• Upcoming Disclosure – Q4‑2025 financial statements and MD&A to be released on or before March 31 2026 via the company website and SEDAR+.

Notable Quotes

“The decline in sales revenue experienced during the last three financial quarters of 2025 reflects the global impact that the United States tariffs has had on the natural diamond industry… We remain committed to our mine, our employees and the local community…” – Ken Johnson, President & CEO.

All boilerplate, forward‑looking statements, and company background sections have been omitted for brevity.