Montage Gold provides exploration update at its Didievi project in Cote d'Ivoire which is poised to be its next development asset

Montage Gold Corp. (MAU) has released high-grade gold intercepts from the Blaffo Guetto deposit at its Didievi project in Côte d’Ivoire. Key recent diamond-drill results include BGDD26-093, which returned 27.4 m @ 8.46 g/t Au from 184.1 m. Other notable intercepts include BGDD26-090, with 15.0 m @ 20.97 g/t Au from 127.0 m and 12.5 m @ 4.75 g/t Au from 167.5 m, as well as BGDD26-095, which yielded 8.5 m @ 15.44 g/t Au from 152.0 m and 18.1 m @ 3.75 g/t Au from 265.1 m.

A new shallow, high-grade reverse circulation intercept was identified to the southeast, with BGRC26-058 returning 4.0 m @ 86.47 g/t Au from 20.0 m. Mineralization has been extended along more than 1.3 km of strike and down-dip, with parallel lineaments also identified.

Drilling since the June 2025 Inferred resource totals 39,963 m. The company has launched a new US$13.5M, 60,000-m program.

Montage Gold Corp. (MAU) reported drill results from its Didievi asset, an early-stage exploration project with an existing Inferred resource. These findings confirm and expand high-grade zones, providing incremental progress toward a future resource upgrade. The current Inferred resource stands at 989 koz, and the market was already aware of the high-grade nature of the deposit from prior releases and due diligence conducted during the acquisition of the asset.

The stock has risen from approximately $4.50 to $15 over the past year, driven largely by construction progress at the Koné mine and resource growth. Koné holds a 6.3 moz Measured and Indicated resource, with development upside already reflected in the company’s market capitalization. On July 13, the day before the release, the stock closed at $15.43, down from a recent high of $17.22, indicating some profit-taking. While the news may offer a short-term lift, the lack of critical QA/QC and the early-stage nature of Didievi suggest it is unlikely to re-rate the company.

As an explorer transitioning to a producer, a single set of drill results does not materially alter the investment thesis. The results are categorized as confirmatory and encouraging rather than representing a game-changing discovery.

Montage Gold Corp. is advancing its flagship Koné gold project in Côte d’Ivoire toward a first gold pour in late Q4-2026 via an oxide circuit. As of a mid-2026 update, Koné hosts 6.3 moz Measured and Indicated resources at 0.80 g/t Au, plus 2.0 moz Inferred resources.

In April 2026, Montage acquired African Gold Ltd., adding the Didievi project, which contains 989 koz Inferred resources at 2.5 g/t Au, along with further exploration tenements. The company also holds greenfield tenements in Mauritania and the Wendé property.

Montage has a fully financed construction with $440M liquidity as of Q1-2026 and a clear path to production. The current development plan targets over 300 koz/year over an initial 16-year life, with satellite higher-grade deposits feeding the centralized mill.