Aya Delivers Strongest Drill Intercept Yet at Boumadine, Unlocking Major Growth Potential

Aya Gold and Silver’s latest drilling update from the Boumadine polymetallic project in Morocco marks a significant step forward in unlocking the asset’s full geological and economic potential. The new results demonstrate not only the continuity of high grade mineralization along the main trend, but also the emergence of a newly confirmed parallel structure that could substantially expand the project’s resource base. Together with recent economic studies, these findings provide a strong foundation for long term development planning and investor confidence.

The standout result from hole BOU MP25 087, which intersected 15 metres of robust mineralization containing 3.31 grams per tonne of gold, 1,900 grams per tonne of silver and notable zinc, lead and copper values, confirms the strength of Boumadine’s core high grade zones. Within this interval, an even richer segment of 8.7 metres graded 5.37 grams per tonne of gold and an impressive 3,208 grams per tonne of silver, highlighting the project’s potential to deliver exceptionally valuable ore. The identification of a new high grade structure through hole BOU DD25 623, which returned 47 metres at 0.94 grams per tonne of gold and 399 grams per tonne of silver, further strengthens the geological model. Additional intercepts, including 6 metres at 37.03 grams per tonne of gold from hole BOU RC25 026, continue to demonstrate the presence of robust gold mineralization across multiple zones.

These technical successes come on the heels of a Preliminary Economic Assessment that outlined a rapid 1.2 year payback period at higher gold price assumptions, underscoring Boumadine’s compelling project economics. The broader mineralized system, which extends over 5.4 kilometres on the main trend and remains open in all directions along with the Tizi and Imariren zones, suggests considerable upside for future expansion. Aya’s aggressive plan to complete 360,000 metres of infill drilling over the next 24 months, utilizing up to 16 rigs, reflects a commitment to accelerating resource conversion and delineation. In parallel, the company’s development vision includes six open pits and three underground mines capable of sustaining a throughput rate of 8,000 tonnes per day, supported by an updated resource of 5.2 million indicated tonnes and 29.2 million inferred tonnes containing significant precious and base metal content.

From a market perspective, investor sentiment responded positively, with Aya’s share price rising 7.7 percent following the announcement and lifting its market capitalization to approximately 2.3 billion dollars. This market reaction highlights confidence in the project’s scalability and operational potential. Looking ahead, Boumadine’s strengthening geological profile, expanding resource envelope and supportive economic metrics are poised to enhance Morocco’s mining landscape. The combination of high grade discoveries, open extensions and large scale drilling initiatives positions the project to become a major contributor to regional economic activity and could significantly reshape the competitive dynamics of Africa’s broader mining sector.

Mini Glossary

• Polymetallic project: A mining project containing multiple types of valuable metals, often including gold, silver, zinc and lead.
• Intercept: A section of rock drilled that contains measurable mineralization.
• Grade: The concentration of a metal within the rock, usually expressed in grams per tonne or percent.
• Parallel structure: A separate mineralized zone running alongside the main deposit.
• PEA (Preliminary Economic Assessment): An early stage economic study used to evaluate a project’s potential viability.
• Infill drilling: Drilling done to increase confidence in a mineral resource by reducing spacing between drill holes.
• Throughput: The volume of material processed by a mining operation, usually measured per day.
• Indicated and inferred tonnes: Categories of mineral resource confidence, with indicated being higher confidence than inferred.