Stories a File Quarterly Manufacturing in Q3-2025 of 12,090 Gold Ounces and Offers Operational Highlights

Stories a File Quarterly Manufacturing in Q3-2025 of 12,090 Gold Ounces and Offers Operational Highlights

Serabi Gold plc (“Serabi” or the “Firm”) (AIM:SRB, TSX:SBI, OTCQX:SRBIF), the Brazilian centered gold mining and improvement firm, is happy to announce the Firm’s third quarter manufacturing outcomes and working highlights for FY2025 (all monetary quantities are expressed in U.S. {dollars} until in any other case indicated).

Q3-2025 OPERATIONAL HIGHLIGHTS

• File quarterly gold manufacturing of 12,090 ounces, a 27% improve from Q3-2024.
• A complete of three,875 metres of horizontal improvement for the quarter, a 17% improve on Q3-2024.
• Money as at 30 September 2025 of $38.8 million, vs $30.4 million as at 30 June 2025, a rise of $8.4 million throughout the quarter.
• Web money at quarter-end (after curiosity bearing loans and lease liabilities) of $33.0 million (Q2-2025: $24.6 million).
• The Firm stays on monitor to realize 2025 consolidated manufacturing steering of 44,000 – 47,000 ounces gold.

• On 9 September 2025, Serabi supplied an replace on the 30,000m 2025 brownfield floor drill programme as a part of Part II of the Firm’s development technique, which is evenly divided between the Palito Complicated and Coringa ( Hyperlink to press launch ). Key highlights of the programme year-to-date together with:
  • Discovery of latest orebody at Coringa (Serra South zone) positioned ~500 meters south of Serra mine
  • Strike extension of the Meio zone development at Coringa
  • Vital extensions of the Senna orebody to each the north and south at Palito Complicated
• Spotlight intercepts from the 2025 brownfield floor drill programme embrace:
  • Gap 25-SR-010 – 0.53m @ 151.00 g/t Au from 60.68m (ALS lab @ Serra)
  • Gap 25-SE-004 – 1.36m @ 17.99 g/t Au from 195.50m together with 0.33 m 58.40 g/t (ALS lab @ Senna)
  • Gap 25-SE-005 – 0.41m @ 13.95 g/t Au from 40.72m (ALS lab @ Senna)
  • Gap 25-SE-001 – 3.40m @ 6.64 g/t Au from 274.00m together with 0.60 m 26.80 g/t (ALS lab @ Senna)
  • Gap 25-SR-005 – 0.79m @ 25.66 g/t Au from 117.70m (ALS lab @ Serra)
  • Gap 25-SR-004 – 0.25m @ 58.80 g/t Au from 233.62m (ALS lab @ Serra)
  • Gap 25-ME-002 – 0.52m @ 18.45 g/t Au from 380.94m (ALS lab @ Meio)
  • Gap 25-PI-003 – 1.00m @ 8.90 g/t Au from 373.00m (ALS lab @ Piaui)
  • Gap 25-AR-001 – 0.30m @ 24.20 g/t Au from 167.90m (ALS lab @ Arantes)
  • Gap 25-SR-022 – 0.25m @ 67.91 g/t Au from 223.92m (Palito lab @ Serra)
  • Gap 25-SR-024 – 0.35m @ 64.17 g/t Au from 192.09m (Palito lab @ Serra)
  • Gap 25-SR-028 – 0.87m @ 137.48 g/t Au from 303.00m together with 0.32m @ 322.10 g/t Au (Palito lab @ Serra)
  • Gap 25-GA-009 – 0.31m @ 25.70 g/t Au from 308.94m (ALS lab @ Galena)

Be aware: All drill outcomes above have been despatched to ALS for assay testing. ‘ALS lab’ denotes the outcomes had been assayed and check outcomes acquired from ALS whereas ‘Palito lab’ denotes assays drill outcomes despatched to ALS for testing however check outcomes aren’t but acquired and subsequently signify Serabi inner assay outcomes.

• On 31 July 2025, The Firm revealed an up to date NI 43-101 mineral useful resource estimate and mineral reserve estimate for its 100% owned Palito Complicated, positioned in Pará State, Brazil, inside the Tapajós area. The Technical Report was ready by NCL Ingeniería y Construcción SpA of Santiago de Chile ( Hyperlink to press launch ).

Mike Hodgson, CEO of Serabi, commented:

“We’re happy to report a superb third quarter, producing 12,090 ounces, by far the very best quarter of gold manufacturing in Serabi’s historical past. Yr-to-date Q3-2025 gold manufacturing of 32,635 ounces is monitoring properly in direction of steering. Improvement charges stay wonderful, with one other 3,875m of horizontal improvement metres recorded.

Gold manufacturing elevated by 27% vs. Q3-2024, pushed by grade enhancements at each the Palito Complicated and Coringa. A yr in the past, plant feed grades had been averaging 5.43 g/t Au, whereas in YTD Q3-2025, grades are virtually 7.0 g/t Au.

At Coringa, the ore sorter has been a recreation changer, working for 9 consecutive months with wonderful efficiency. As reported final quarter, we took benefit of beneficial economics and have been utilizing the ore sorter to course of low grade ore stockpiled because the Coringa mine opened, while larger grade run of mine (ROM) has been transported on to the Palito Complicated processing plant. This technique enabled us to supply extra ounces from Coringa this yr than initially deliberate. With this low-grade stockpile now run down, extra ROM ore is now passing by the sorter.

Mining exercise at Coringa is from two sectors, the Serra and Meio zones. The Serra zone has been the spine of manufacturing for the previous 3 years, with Meio now in improvement with the primary stopes beginning. Each zones are nonetheless shallow, with all exercise inside 200m from floor. On the Serra zone, we’re blessed with wonderful floor circumstances, and as reported final quarter, the Meio zone’s floor circumstances are weaker, largely because of its proximity to floor and the weathered zone. The primary makes an attempt at mechanised mining have proved difficult, nevertheless I’m happy to say after quite a few trials, elevated systematic cable bolting, decreased drilling degree spacing and improved blasting expertise introduced very beneficial outcomes. The proximity to floor and rock circumstances stays considerably weathered, however as we deepen, we count on circumstances to enhance, and the event on decrease ranges is proving this to be the case.

On the Serra zone, good rock circumstances and excellent efficiency of this ore by the ore sorter has allowed us to introduce extra mechanised stoping, which though equates to extra dilution, might be merely eliminated by the ore sorter with the online impact being that mechanised mining is safer, reduces mining prices, and hurries up manufacturing.

In the course of the quarter, the ramp up of Coringa continued, as we initiated the preparation of the Galena zone, which would be the third portal at Coringa. The Galena zone is anticipated to contribute important improvement ore throughout 2026.

On the Palito Complicated, grade continued to enhance because the year-to-date 2025 mined grades of 6.21 g/t Au is a major enchancment from 4.56 g/t Au for a similar 9 months of 2024. A lot of this enchancment has come from stoping the Barrichello zone, together with improved grades from the G3 vein on ranges -20m and -85m.

Our brownfield exploration programme continued at tempo, with three lively drill rigs on the Palito Complicated and three at Coringa, as we goal 30,000 metres of drilling this yr. The standout outcomes have been the invention of the Serra South zone at Coringa, roughly 500 metres south of the at present producing Serra zone. We have now three rigs at Serra South as we anticipate important useful resource development on the Serra orebody. We have additionally efficiently prolonged the Meio zone development. On the Palito Complicated, the principle success up to now has been the north and south extensions of the Senna zone. These successes point out we stay on monitor of acquiring our Part II development objective of accelerating the present mineral useful resource stock to 1.5Moz Au – 2.0Moz Au.

Our money steadiness continues to develop, pushed by the robust operational efficiency of our mines. It’s with nice timing for our money steadiness, that the development in our gold grades on the Palito Complicated and the success of the ore sorter at Coringa has come at a time of unprecedented gold costs. We anticipate additional success into the fourth quarter, as our manufacturing profile stays on monitor to satisfy steering.”

OPERATIONAL RESULTS

(1)   The desk might not sum because of rounding.

(2)   Manufacturing numbers are topic to vary pending remaining assay evaluation from refineries.

Group manufacturing for the third quarter was 12,090 ounces. Group ore mined throughout the quarter was 51,625 tonnes @ 7.24 g/t Au in comparison with 52,032 tonnes at 6.72 g/t Au for the second quarter of 2025. The Palito Complicated course of plant handled 53,991 tonnes @ 7.18 g/t Au in comparison with 51,246 tonnes at 6.67 g/t Au for Q2-2025.

A complete of three,875 metres of horizontal improvement has been accomplished for the quarter of which 2,016 metres was ore improvement. The steadiness was the ramp, crosscuts and stope preparation improvement.

The Coringa Mine continues to carry out properly. On the Serra zone, manufacturing was centered on the degrees of 260m, 225m, 195m, and 158m, with improvement on ranges 158m, 143m and 125m. The newly intersected Meio zone is in improvement with ranges 356m, 336m and 318m superior and stoping ongoing on ranges 356m and 336m.

The Palito Complicated manufacturing and improvement is different, with manufacturing from the Barrichello and G3 zones. Improvement is ongoing on the Senna, Piquet, G3 and Ramo Senna zones, starting from higher ranges 167m right down to -210m degree on G3.

FINANCE UPDATE

Money balances on the finish of September 2025 had been $38.8 million, compared to the money balances on the finish of December 2024 of $22.2 million. On 6 January 2025 the Firm absolutely repaid its $5.0 million unsecured mortgage association with Itau Financial institution in Brazil which carried an curiosity coupon of 8.47%. On 22 January 2025, the Group secured a brand new $5.0 million mortgage from Banco Santander. The Banco Santander mortgage is repayable as a bullet fee on 21 January 2026 and carries an curiosity coupon of 6.16%. The Firm had a web money steadiness on the finish of Q3-2025 (after curiosity bearing loans and lease liabilities) of $33.0 million (31 December 2024: web money $16.2 million).

FY2025 PRODUCTION GUIDANCE

The Firm stays on monitor to realize 2025 consolidated manufacturing steering of 44,000 – 47,000 ounces gold.

About Serabi Gold plc
Serabi Gold plc is a gold exploration, improvement and manufacturing firm centered on the prolific Tapajós area in Para State, northern Brazil. The Firm has persistently produced 30,000 to 40,000 ounces per yr with the Palito Complicated and is planning to double manufacturing within the coming years with the development of the Coringa Gold mission. Serabi Gold plc not too long ago made a copper-gold porphyry discovery on its intensive exploration licence. The Firm is headquartered in the UK with a secondary workplace in Toronto, Ontario, Canada.

The data contained inside this announcement is deemed by the Firm to represent inside info as stipulated underneath the Market Abuse Rules (EU) No. 596/2014 because it kinds a part of UK Home Legislation by advantage of the European Union (Withdrawal) Act 2018.

The one that organized for the discharge of this announcement on behalf of the Firm was Andrew Khov, Vice President, Investor Relations & Enterprise Improvement.

Enquiries

SERABI GOLD plc
Michael Hodgson t + 44 (0)20 7246 6830
Chief Govt m +44 (0)7799 473621

Colm Howlin
Chief Monetary Officer m +353 89 6078171

Andrew Khov m +1 647 885 4874
Vice President, Investor Relations &
Enterprise Improvement
e contact@serabigold.com

www.serabigold.com

BEAUMONT CORNISH Restricted
Nominated Adviser & Monetary Adviser
Roland Cornish / Michael Cornish t +44 (0)20 7628 3396

PEEL HUNT LLP
Joint UK Dealer
Ross Allister / Georgia Langoulant t +44 (0)20 7418 9000

TAMESIS PARTNERS LLP
Joint UK Dealer
Charlie Bendon/ Richard Greenfield t +44 (0)20 3882 2868

CAMARCO
Monetary PR – Europe
Gordon Poole / Emily Corridor t +44 (0)20 3757 4980

Assay Outcomes
Assay outcomes reported inside this launch embrace these supplied by the Firm’s personal on-site laboratory amenities at Palito and haven’t but been independently verified. Serabi intently displays the efficiency of its personal facility in opposition to outcomes from impartial laboratory evaluation for high quality management objective. As a matter of regular observe, the Firm sends duplicate samples derived from quite a lot of the Firm’s actions to accredited laboratory amenities for impartial verification. Since mid-2019, over 10,000 exploration drill core samples have been assayed at each the Palito laboratory and licensed exterior laboratory, normally the ALS laboratory in Belo Horizonte, Brazil. When evaluating important assays with grades exceeding 1 g/t gold, comparability between Palito versus exterior outcomes file a median over-estimation by the Palito laboratory of 6.7% over this era. Based mostly on the outcomes of this work, the Firm’s administration are happy that the Firm’s personal facility exhibits sufficiently good correlation with impartial laboratory amenities for exploration drill samples. The Firm would count on that within the preparation of any future impartial Reserve/Useful resource assertion undertaken in compliance with a acknowledged customary, the impartial authors of such a press release wouldn’t use Palito assay outcomes with out enough duplicates from an appropriately certificated laboratory.

Ahead-looking statements
Sure statements on this announcement are, or could also be deemed to be, ahead trying statements. Ahead trying statements are identified by their use of phrases and phrases comparable to ‘‘consider”, ‘‘might”, “ought to” ‘‘envisage”, ‘‘estimate”, ‘‘intend”, ‘‘might”, ‘‘plan”, ‘‘will” or the unfavourable of these, variations or comparable expressions, together with references to assumptions. These forward-looking statements aren’t primarily based on historic information however fairly on the Administrators’ present expectations and assumptions concerning the Firm’s future development, outcomes of operations, efficiency, future capital and different expenditures (together with the quantity, nature and sources of funding thereof), aggressive benefits, enterprise prospects and alternatives. Such ahead trying statements reflect the Administrators’ present beliefs and assumptions and are primarily based on info at present out there to the Administrators. A number of elements might trigger precise outcomes to vary materially from the outcomes mentioned within the forward-looking statements together with dangers related to vulnerability to common financial and enterprise circumstances, competitors, environmental and different regulatory modifications, actions by governmental authorities, the supply of capital markets, reliance on key personnel, uninsured and underinsured losses and different elements, a lot of that are past the management of the Firm. Though any forward-looking statements contained on this announcement are primarily based upon what the Administrators consider to be affordable assumptions, the Firm can’t guarantee traders that precise outcomes shall be per such ahead trying statements.

Certified Individuals Assertion
The scientific and technical info contained inside this announcement has been reviewed and accredited by Michael Hodgson, a Director of the Firm. Mr Hodgson is an Financial Geologist by coaching with over 30 years’ expertise within the mining trade. He holds a BSc (Hons) Geology, College of London, a MSc Mining Geology, College of Leicester and is a Fellow of the Institute of Supplies, Minerals and Mining and a Chartered Engineer of the Engineering Council of UK, recognizing him as each a Certified Individual for the needs of Canadian Nationwide Instrument 43-101 and by the AIM Steerage Be aware on Mining and Oil & Gasoline Corporations dated June 2009.

Discover
Beaumont Cornish Restricted, which is authorised and controlled in the UK by the Monetary Conduct Authority, is appearing as nominated adviser to the Firm in relation to the issues referred herein. Beaumont Cornish Restricted is appearing solely for the Firm and for nobody else in relation to the issues described on this announcement and isn’t advising some other particular person and accordingly won’t be accountable to anybody aside from the Firm for offering the protections afforded to shoppers of Beaumont Cornish Restricted, or for offering recommendation in relation to the contents of this announcement or any matter referred to in it.

Neither the Toronto Inventory Trade, nor some other securities regulatory authority, has accredited or disapproved of the contents of this information launch

See www.serabigold.com for extra info and comply with us on X @Serabi_Gold

• 2025.10.14 – Q3 2025 Operational Launch – vF