• Enegex to buy Famien Resources and its seven gold permits in Côte d’Ivoire

• Transaction valued at 4 million AUD ($2.6 million), paid in new shares

• Company plans exploration drilling on Gogo and Tougbe projects

Australian junior miner Enegex Limited announced on September 23 it has signed binding agreements to acquire Famien Resources Pty in Côte d’Ivoire, marking its first step into Africa. The deal, subject to shareholder approval, will give Enegex control of seven gold exploration permits in a country with an estimated potential of 600 tons of gold.

Famien Resources holds the Gogo, Tougbe, Abengourou, Kineta, Bouna, Dimbokro, and Toumodi projects, covering a total of 3,700 km². Under the agreement, Enegex will acquire 100% of Famien’s capital in exchange for 80,000,000 new shares priced at 0.05 Australian dollars each, or about 4 million AUD ($2.6 million). Additional payments to some Famien shareholders are tied to future project milestones.

“This transaction represents an important step for Enegex. By acquiring a substantial wholly owned portfolio in Côte d’Ivoire, alongside our Australian projects, we are positioning the Company for significant growth. With funding in place, Enegex now has a powerful platform to deliver growth and shareholder value,” said Roger Steinepreis, chairman of Enegex Limited.

The acquisition makes Enegex the latest junior miner to move into Côte d’Ivoire’s gold sector this year, highlighting rising investor interest in the country. Justin Tremain, CEO of Turaco Gold, recently described Côte d’Ivoire as the best place in the world to build a gold mine.

Although still far from development, Enegex plans to begin exploration once the transaction closes. The initial program includes detailed sampling and auger drilling at the Gogo and Tougbe permits. To support the plan, the company also expects to raise 5 million AUD through a share placement.