Enegex Ltd Uncovers Exceptional Gold Anomalies at Gogo Project

Enegex Strikes High-Grade Gold at Côte d'Ivoire Project

Enegex Limited (ASX: ENX) has delivered exceptional soil sampling results from its newly acquired Gogo project by Enegex Ltd in Côte d'Ivoire, with 174 samples out of 888 containing gold values above 100ppb and peak values reaching 4.14g/t Au. The extensive soil anomalies cover more than 26 hectares across the 5km Bonoubana Trend, signalling the potential for a substantial gold mineralised system.

Outstanding Gold Results Define Major Target

The soil sampling programme has outlined three distinct gold anomaly clusters along the Bonoubana Trend, with the northeastern anomaly emerging as the primary target. This 700m long by 200m wide anomaly contains the highest gold values and remains open to the south, suggesting significant expansion potential.

Key Soil Sampling Results:

"The strength of the gold values along with the continuity and scale of the soil anomalies have exceeded my expectations and suggest that we are dealing with a large gold mineralised system in the Bonoubana Trend," commented Managing Director Paul Roberts.

Furthermore, the northeastern Bonoubana anomaly stands out as the most compelling target, featuring the largest contiguous anomaly with peak values and clear evidence of southern extension potential. Importantly, soil anomalism extends well beyond current artisanal workings, indicating fresh mineralisation beyond surface disturbance.

Understanding Soil Geochemistry in Gold Exploration

Soil geochemistry represents one of the most cost-effective and reliable methods for identifying buried gold mineralisation. When gold-bearing bedrock weathers over time, trace amounts of gold migrate upward through the soil profile, creating detectable anomalies at surface levels.

Why 100ppb matters: The 100ppb Au (0.1g/t Au) threshold used by Enegex represents a significant anomaly level for soil sampling. Values above this threshold typically indicate nearby gold mineralisation in bedrock, making them prime targets for follow-up drilling programmes.

For instance, for investors, strong soil geochemistry results like those at the Gogo project by Enegex Ltd provide high-confidence targets before expensive drilling programmes commence. This significantly improves the probability of discovery success.

This systematic approach reduces exploration risk whilst maximising potential returns through targeted drilling campaigns. Moreover, it allows companies to focus resources on the most prospective areas.

Aggressive Follow-Up Programme Accelerates Discovery Timeline

The company has outlined a comprehensive three-phase programme to rapidly advance the Bonoubana discovery:

Phase 1: Trenching Programme (Commencing This Week)

• Target the largest northeastern anomaly
• Understand mineralisation style and bedrock continuity
• Sample below surface contamination levels
• Guide drilling design and targeting

Phase 2: Power Auger Programme (December 2025)

• Test the central "gap" between anomaly clusters
• Penetrate transported overburden covering potential extensions
• Evaluate 5km trend continuity potential

Phase 3: Drilling Programme (January 2026)

• Air core (AC) or reverse circulation (RC) drilling
• Target definition based on trench results
• Test bedrock mineralisation directly

This accelerated timeline positions the Gogo project by Enegex Ltd for potential drilling results within 60-90 days, creating multiple near-term catalysts for share price appreciation. The rapid progression from soil results to drilling demonstrates management's commitment to maintaining exploration momentum.

Strategic Position in World-Class Gold Province

The Gogo-Tougbe permit group covers 1,534km² along the southern extension of the Hounde Belt, which hosts major gold deposits including:

What Makes This Location So Promising?

Geological Advantage: The Birimian Supergroup geology at Gogo consists of meta-sediments (compressed ancient seafloor deposits), mafic volcanics (volcanic rocks rich in iron and magnesium), and felsic intrusions (light-coloured igneous rocks). This geological package represents the exact formation that hosts West Africa's largest gold deposits.

Structural Framework: Multiple northeast-trending structural corridors provide ideal pathways for orogenic gold mineralisation. These structures form when tectonic forces create fractures and zones of weakness that allow gold-bearing fluids to move through and deposit minerals.

Infrastructure Benefits: Unlike many African exploration projects, the Gogo project by Enegex Ltd benefits from established artisanal mining activity confirming near-surface gold presence. Additionally, regional infrastructure supports cost-effective exploration and potential development activities.

Why Should Investors Track Enegex's African Expansion?

Proven Management: Incoming Managing Director Paul Roberts brings extensive West African experience, having previously worked on successful gold projects across the region. His surprise at the strength of these initial results adds credibility to the discovery potential at the Gogo project.

Strategic Timing: Enegex acquired these projects through Famien Resources in October 2025, positioning investors to capture value from day one of systematic exploration. The rapid progression from acquisition to significant soil results demonstrates management's ability to execute quickly in challenging jurisdictions.

Multiple Discovery Opportunities: With the Tougbe project scheduled for power auger drilling this week, Enegex offers investors exposure to multiple discovery opportunities across a 65km wide position in proven gold terrain. This portfolio approach spreads risk whilst maximising discovery potential.

However, the combination of strong surface geochemistry, proven geological setting, and systematic follow-up creates an attractive risk-adjusted opportunity ahead of drilling programmes. The 100ppb Au threshold anomalies provide statistical confidence for drilling success.

Investment Highlights Worth Considering

Enegex has positioned itself as a major exploration player in Côte d'Ivoire's underexplored gold province. With exceptional soil results now confirmed at the Gogo project by Enegex Ltd and drilling scheduled for early 2026, the company offers investors leveraged exposure to potential discovery success in one of Africa's most prospective gold regions.

Technical Validation: The soil anomaly results align with historical exploration data from previous operators including Newcrest Mining, providing additional confidence in the geological interpretation. The correlation between historical and current soil geochemistry supports the systematic approach being employed.

Financial Positioning: The company's acquisition of advanced exploration projects through Famien Resources provides immediate access to drill-ready targets. This eliminates the typical 2-3 year lead time required to generate prospects from greenfield exploration.

In addition, the convergence of outstanding geochemistry results, aggressive follow-up timelines, and proven geological setting makes Enegex a compelling exploration story entering a critical phase of discovery testing. With multiple catalysts scheduled over the next 90 days, the company offers investors exposure to potential resource discovery in a tier-one gold province.

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