Serabi Gold plc

Serabi is a UK based gold producer with operations in the prolific Tapajós region of Brazil. The Company’s shares are quoted on AIM, TSX, and OTCQX.

Our shorter-term strategy is to increase production to 60,000 oz pa Au by end 2026 and become a 100,000 – 200,000 oz pa Au producer within 3-5 years.

Attracted with the high-grade nature and quality of the Perron project, Edorado Gold was an initially strategic 9.9% investor in Amex but with the financing August 2025 they own ~17%.

Management Profile

Andrew Khov, Vice President, Investor Relations & Business Development

Andrew has 13 years of experience in corporate finance, capital markets, and accounting roles primarily in the metals and mining sector. Over the years, he specialized in corporate finance, M&A, valuations, financial due diligence, investor relations, and financial reporting. Prior to joining Serabi, Andrew was most recently Vice President, Investment Banking at RBC Capital Markets and prior to that, held the same role at Raymond James, providing him with deal experience with senior mining companies through to early-stage exploration companies. He previously held positions in equity research at Cormark Securities and Canaccord Genuity. Prior to that, Andrew worked in public accounting at KPMG LLP & BDO Transaction Advisory Services. In his spare time, Andrew serves as a volunteer on the St. John Ambulance Resource Committee.

Andrew has a degree in Business Administration from the Schulich School of Business (‘10) and holds the Chartered Professional Accountant and Chartered Financial Analyst designations.

What is your rationale for taking part in 121 Mining Investment?

Serabi is in the process of developing the Coringa Gold Project which will double annual production by 2026 for very low capex which is being financed from current cash-flow. Coupled with this, we discovered the Matilda Cu-Au-Mo porphyry with the first three drill holes into the target in 2022 which led to an exploration JV with Vale. Drilling and other exploration activity across the tenement package through 2023 and 2024 has resulted in further gold and copper targets identified.

What recent news would you like to highlight to investors attending?

• 26 June 2025 - AGM Statement
• 14 July 2025 - Q2‑2025 Production Results and Operational Highlights
• 23 April 2025 - Results of Placing in Serabi Gold plc
• 14 April 2025 - Q1‑2025 Production Results, Operational Highlights and Board Change
• 7 October 2024 - Updated Coringa PEA confirms improved economics
• 8 September 2024 - Operational and Corporate Update - cash holdings increasing
• 29 August 2024 - Q2 Financial Results
• 17 July 2024 - On track to meet annual guidance - Q2 Production and Operational Review
• 30 May 2024 - Q1 Financial Results
• 29 April 2024 - Audited results for 2023
• 17 April 2024 - Q1 Production and Operational Review
• 31 January 2024 - Mining license at Coringa renewed for a further three years
• 29 January 2024 - 2023 Production Results and Operating Highlights
• 19 Dec 2023 - Matilda Copper Project - Exploration results confirm project potential
• 21 November 2023 - Serabi significantly extends mine life at the Palito Complex as new 43-101 is published.
• 19 October 2023 - Serabi secures award for its Community Engagement
• 7 September 2023 - Matilda Copper Project exploration update
• 31 July 2023 - Agreement with indigenous communities- Coringa project

What are your key goals for the next 3, 6 and 12 months?

3 Months

Complete installation of crushing and ore sorting plant at Coringa and put into operation for Q4 2024.

6 Months

Maintain strong production at Palito and Coringa and progress brownfield exploration programmes for both operations.

12 Months

Continued ramp up at Coringa and deliver results from brownfield exploration programme with continued growth of mineral resources

What do you see as the key risks and challenges facing your company at the moment and how are you overcoming these?

Completing installation and commissioning of Crushing Plant and Ore Sorter will open door to allowing Cotinga to reach full potential. The ore sorter has been pre-tested and is "Plug and Play".

What do you think makes your company such a compelling investment?

Low cost, low risk doubling of production from a stable base with exceptional exploration upside.

What are the top 3 key investor takeaways?

1. Producer with stable track record

2. Doubling production in near term

3. Significant exploration upside