Kobo Resources Intersects 10.0 m at 2.50 g/t Au and 13.0 m at 1.49 g/t Au, Confirming Strong Gold Mineralisation Along the Contact Zone Fault at Kossou

Kobo Resources announced new diamond drilling results from 10 holes at its Kossou Gold Project in Côte d'Ivoire. The headline intercepts from the Road Cut Zone include 10.0 metres (m) at 2.50 grams per tonne (g/t) gold (Au) and 13.0 m at 1.49 g/t Au. Other notable intercepts include 2.0 m at 11.45 g/t Au and 1.0 m at 17.3 g/t Au from the Jagger Zone.

According to CEO Edward Gosselin, these results confirm "strong, continuous gold mineralisation" and reinforce the company's confidence in the scale of the system at both the Road Cut and Jagger zones. He stated the drilling outlined broad mineralized zones consistent with their geological model.

The latest drill results are incremental and do not materially alter the investment thesis. While the company is consistently hitting gold mineralization, which is a positive, the headline intercepts in this release (10.0 m @ 2.50 g/t Au) are less impressive than those in the prior release on October 8, 2025 (17.0 m @ 3.87 g/t Au, including a higher-grade core of 9.0 m @ 6.84 g/t Au).

The market's reaction following the October 8 news was decidedly negative, with the stock falling from $0.34 to a recent low of $0.25. This suggests that even those better results were not sufficient to meet investor expectations or reverse the stock's downtrend. Given that today's results are of lower grade, they are unlikely to act as a positive catalyst.

The CEO's commentary about confirming the geological model is standard for an exploration company. However, for an early-stage project, the market needs to see improving grades and widths to justify a higher valuation. These results, while confirming the presence of gold, do not demonstrate an improvement in quality. They are routine in the context of an ongoing drill program and are therefore rated as neutral. The results are not negative, as they add data points to the model, but they are not positive enough to change the current market sentiment.

Kobo Resources Inc. is a Canadian-based gold exploration company focused on advancing its 100%-owned Kossou Gold Project in Côte d'Ivoire, West Africa. The project is located adjacent to a major operating gold mine, providing access to established infrastructure.

The flagship Kossou project consists of several target zones along a 9-kilometer mineralized trend. The primary focus of recent and ongoing drilling has been on the Jagger, Road Cut, Kadie, and Contact zones. The company's stated goal is to systematically explore these targets to define a maiden mineral resource estimate.