We're Keeping An Eye On Kobo Resources' (CVE:KRI) Cash Burn Rate
There's no doubt that money can be made by owning shares of unprofitable businesses. For example, although software-as-a-service business Salesforce.com lost money for years while it grew recurring revenue, if you held shares since 2005, you'd have done very well indeed. But while the successes are well known, investors should not ignore the very many unprofitable companies that simply burn through all their cash and collapse.
So should Kobo Resources (CVE:KRI) shareholders be worried about its cash burn? In this article, we define cash burn as its annual (negative) free cash flow, which is the amount of money a company spends each year to fund its growth. Let's start with an examination of the business' cash, relative to its cash burn.
This technology could replace computers: discover the 20 stocks are working to make quantum computing a reality.
You can calculate a company's cash runway by dividing the amount of cash it has by the rate at which it is spending that cash. When Kobo Resources last reported its December 2024 balance sheet in February 2025, it had zero debt and cash worth CA$4.0m. Looking at the last year, the company burnt through CA$3.6m. So it had a cash runway of approximately 13 months from December 2024. That's not too bad, but it's fair to say the end of the cash runway is in sight, unless cash burn reduces drastically. Depicted below, you can see how its cash holdings have changed over time.
Check out our latest analysis for Kobo Resources
Kobo Resources didn't record any revenue over the last year, indicating that it's an early stage company still developing its business. Nonetheless, we can still examine its cash burn trajectory as part of our assessment of its cash burn situation. As it happens, the company's cash burn reduced by 19% over the last year, which suggests that management are maintaining a fairly steady rate of business development, albeit with a slight decrease in spending. Kobo Resources makes us a little nervous due to its lack of substantial operating revenue. So we'd generally prefer stocks from this list of stocks that have analysts forecasting growth.
While Kobo Resources is showing a solid reduction in its cash burn, it's still worth considering how easily it could raise more cash, even just to fuel faster growth. Companies can raise capital through either debt or equity. Commonly, a business will sell new shares in itself to raise cash and drive growth. By looking at a company's cash burn relative to its market capitalisation, we gain insight on how much shareholders would be diluted if the company needed to raise enough cash to cover another year's cash burn.
Since it has a market capitalisation of CA$30m, Kobo Resources' CA$3.6m in cash burn equates to about 12% of its market value. As a result, we'd venture that the company could raise more cash for growth without much trouble, albeit at the cost of some dilution.
The good news is that in our view Kobo Resources' cash burn situation gives shareholders real reason for optimism. One the one hand we have its solid cash burn reduction, while on the other it can also boast very strong cash burn relative to its market cap. While we're the kind of investors who are always a bit concerned about the risks involved with cash burning companies, the metrics we have discussed in this article leave us relatively comfortable about Kobo Resources' situation. Separately, we looked at different risks affecting the company and spotted 5 warning signs for Kobo Resources (of which 3 make us uncomfortable!) you should know about.
Of course Kobo Resources may not be the best stock to buy. So you may wish to see this free collection of companies boasting high return on equity, or this list of stocks with high insider ownership.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
3 days ago
- Yahoo
This Week In E-Commerce - Digital Commerce Insights Forecasting Future Market Dynamics
The latest "Digital Commerce Market: 2025-2029" report offers an exhaustive examination of the rapidly expanding digital commerce sector, providing detailed analysis and strategic recommendations for stakeholders. This comprehensive research covers pivotal segments such as Digital Banking, eCommerce, and Proximity Payments, analyzing market trends and challenges across 60 countries. It offers critical insights into key growth drivers and constraints, enabling stakeholders to refine their strategies within digital commerce. Accompanied by extensive benchmark forecasts, the report serves as a crucial resource for understanding market dynamics and preparing for future developments within this evolving industry. In other market news, was a notable mover up 15.8% and ending trading at CA$22.72, close to the 52-week high. This week, the company raised its earnings guidance for 2025, projecting higher comparable store sales growth. At the same time, trailed, down 20% to end trading at $1.00. Seize the opportunity as Amazon leverages AI to boost AWS and ads. Dive into the full narrative to explore Amazon's growth potential and strategic moves. For a deeper understanding of the e-commerce landscape, revisit our Market Insights article highlighting the pivotal role of logistics automation in driving industry growth; essential reading as the landscape rapidly evolves. ended the day at $59.51 down 0.8%. On Tuesday, Cathleen Benko informed the company of her decision to retire from the Board of Directors effective after the 2025 annual meeting. closed at $212.52 down 1.1%. This week, Amazon saw key partnerships with Tufin and CSG to enhance cloud security and transformation solutions. settled at $113.49 down 1.3%. Alibaba recently presented at MWC Shanghai 2025, two days ago, highlighting insights from Vice President Steven Hoi. Unlock our comprehensive list of 252 E-Commerce Stocks like Arvind Fashions, STO ExpressLtd and Weimob by clicking here. Interested In Other Possibilities? AI is about to change healthcare. These 22 stocks are working on everything from early diagnostics to drug discovery. The best part - they are all under $10b in market cap - there's still time to get in early. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Sources: Simply Wall St "Digital Commerce Market Report 2025: Benchmark Forecasts Highlight Market Trends Across 60 Countries" from Research and Markets on GlobeNewswire (published 17 June 2025) Companies discussed in this article include TSX:GRGD NYSE:NKE NasdaqGS:AMZN NYSE:BABA and OTCPK:MALG. This article was originally published by Simply Wall St. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@
Yahoo
3 days ago
- Yahoo
Kobo Resources Intersects 21.5 m at 1.14 g/t Au and 20.0 m at 1.41 g/t Au at the Jagger Zone and Files FY 2025 Financial Results
All reported holes intersected gold mineralization, reinforcing continuity and improving structural understanding at the Jagger Zone Results support the Company's systematic exploration and targeting approach for further resource definition at Kossou QUEBEC CITY, June 19, 2025--(BUSINESS WIRE)--Kobo Resources Inc. ("Kobo" or the "Company") (TSX.V: KRI) is pleased to announce additional diamond drill results from the ongoing exploration program at its 100%-owned Kossou Gold Project ("Kossou") in Côte d'Ivoire. Results from the Jagger Zone continue to confirm broad zones of mineralisation and extend the footprint of gold-bearing structures along strike and at depth. Diamond Drill Results – Highlights: Jagger Zone: KDD0081 8.0 m at 2.13 g/t Au from 140.0 metres ("m"), including 2.0 m at 7.00 g/t Au from 140.0 m KDD0082 30.0 m at 0.64 g/t Au from 128.0 m, including 10.25 m at 0.80 g/t Au, from 128.0 m and 2.0 m at 1.90 g/t Au from 143.0 m KDD0083 7.0 m at 1.18 g/t Au from 123.0 m 6.0 m at 2.07 g/t Au from 138.0 m, including 1.0 m at 8.47 g/t Au from 64.0 m 7.3 m at 1.63 g/t Au from 95.0 m KDD0084 8.0 m at 1.41 g/t Au from 88.0 m 21.5* m at 1.14 g/t Au from 106.0 m, including 4.0 m at 1.98 g/t Au from 106.0 m, 4.0 m at 1.27 g/t Au from 115.0 m, and 1.5 m at 4.93 g/t Au from 126.0 m KDD0085 20.0 m at 1.41* g/t Au from 106.0 m, including 5.0 m at 3.70 g/t Au from 121.0 m and including 2.0 m at 8.47 g/t Au from 123.0 m Edward Gosselin, CEO and Director of Kobo commented: "These latest results reinforce the scale and continuity of gold mineralisation at the Jagger Zone. We are encouraged by the width and tenor of the intercepts, which continue to validate our structural model and further support our systematic exploration approach at Kossou. With drilling still underway across our other high-priority targets, we are well-positioned to advance Kossou toward its maiden resource estimate next year as our exploration work continues." Jagger Zone Drilling Highlights Scale and Continuity Results from seven diamond drill holes (KDD0080 to KDD0086), completed on sections JZ 525 to JZ 725 within the Jagger Zone, have been received and continue to expand the Company's understanding of this highly prospective target (see Figure 1). Gold mineralisation is hosted within and along the contacts of quartz feldspar porphyry and diorite intrusions, as well as within sheared contacts of basaltic massive and pillowed flow units. These structures define significant, laterally and vertically continuous gold-bearing zones that are traceable along strike and down dip. Notably, wide mineralised intervals in hole KDD0084, including 8.0 m at 1.41 g/t Au from 88.0 m and 21.5 m at 1.14 g/t Au* from 106.0 m (see Figure 2), demonstrate the presence of multiple stacked gold zones across the broader Jagger Shear Zone. On section JZ 700, gold mineralisation continues to demonstrate strong continuity and consistent geological associations observed in earlier drilling. Notable intercepts include 20.0 m at 1.41 g/t Au* from 106.0 m, including 5.0 m at 3.70 g/t Au, and 7.0 m at 1.20 g/t Au from 154.0 m. These results support the broader interpretation of the Jagger Shear Zone as a robust, multi-zone gold system and correlate well with previously reported drill holes and surface trench KTR030a (see Figure 3 for Section JZ 700.) Geological and Structural Setting of Gold Mineralisation at Kossou and the Jagger Zone Gold mineralisation at Kossou is hosted within a N-S trending, steeply west-dipping deformation corridor associated with the regional Contact Zone Fault, which separates basaltic volcanic flows from volcano-sedimentary rocks. Within this corridor, the "Jagger Shear Corridor", brittle-ductile shear zones act as the primary structural controls on gold emplacement, particularly where lithological contrasts occur between basaltic units and intrusive rocks, including diorite and quartz-feldspar porphyry dykes. At the Jagger Zone, the main shear system is developed within a zone approximately 70-m wide and is closely associated with intrusive contacts. Drill core analysis has identified multiple quartz vein generations related to mineralisation. The V1 vein set consists of quartz veins and veinlets parallel to the S1 foliation, commonly occurring within the main shear zones and bearing gold. The dominant mineralized structures, however, are V2A veins, which trend west-northwest to northwest and are prominent both within and adjacent to the shears. A secondary vein set, V2B, is characterized by sub-horizontal hairline fractures and veinlets, which carry only sporadic gold mineralisation. Drilling to date indicates that gold mineralisation pinches and swells along strike and at depth, consistent with structurally controlled orogenic gold systems commonly found within the Birimian terrane of West Africa. Table 1: Summary of Significant Diamond Drill Hole Results BHID East North Elev. Az. Dip Length From(m) To (m) Int.(m) Aug/t Target KDD0080 228997 775340 338 70 -50 233.05 32.00 34.00 2.00 1.80 Jagger 49.00 51.00 2.00 2.18 Jagger 60.00 61.00 1.00 2.31 Jagger 70.00 76.00 6.00 0.91 Jagger 100.00 102.20 2.20 0.99 Jagger 115.00 117.00 2.00 0.59 Jagger 126.00 127.00 1.00 1.86 Jagger 181.00 182.00 1.00 1.10 Jagger 201.00 207.05 6.05 0.67 Jagger incl. 205.00 207.05 2.05 1.43 Jagger 221.85 223.00 1.15 1.19 Jagger KDD0081 228958 775353 333 70 -50 266.05 31.00 32.00 1.00 2.02 Jagger 45.00 46.00 1.00 1.52 Jagger 70.00 72.40 2.40 1.04 Jagger 78.00 80.00 2.00 0.67 Jagger 123.00 124.00 1.00 1.49 Jagger 130.00 133.00 3.00 1.15 Jagger 140.00 148.00 8.00 2.13 Jagger incl. 140.00 142.00 2.00 7.00 Jagger 175.10 176.20 1.10 1.79 Jagger KDD0082 228973 775257 364 70 -50 293.05 22.00 23.00 1.00 1.51 Jagger 104.00 105.00 1.00 6.61 Jagger 110.00 111.00 1.00 1.42 Jagger 128.00 158.00 30.00 0.64* Jagger incl. 128.00 138.25 10.25 0.80 Jagger incl. 143.00 145.00 2.00 1.90 Jagger incl. 148.00 158.00 10.00 0.60 Jagger 161.40 164.00 2.60 0.65 Jagger KDD0083 229013 775240 361 70 -50 236.05 32.00 33.00 1.00 3.73 Jagger 62.00 63.00 1.00 3.17 Jagger 71.00 72.00 1.00 8.42 Jagger 80.00 84.00 4.00 0.87 Jagger 100.00 101.00 1.00 1.33 Jagger 104.00 105.00 2.00 1.29 Jagger 109.40 117.00 7.60 0.35 Jagger 123.00 130.00 7.00 1.18 Jagger 138.00 144.00 6.00 2.07 Jagger 161.00 163.60 2.60 1.04 Jagger KDD0084 229018 775216 361 70 -50 164.05 67.00 69.00 2.00 0.83 Jagger 80.00 83.00 3.00 1.00 Jagger 88.00 96.00 8.00 1.41 Jagger 106.00 127.50 21.50 1.14* Jagger incl. 106.00 110.00 4.00 1.99 Jagger incl. 115.00 119.00 4.00 1.27 Jagger incl. 126.00 127.50 1.50 4.93 Jagger KDD0085 228982 775175 358 70 -50 182.05 83.00 84.00 1.00 2.38 Jagger 106.00 126.00 20.00 1.41* Jagger incl. 113.00 117.00 4.00 1.25 Jagger incl. 121.00 126.00 5.00 3.70 Jagger incl. 123.00 125.00 2.00 8.47 Jagger 154.00 161.00 7.00 1.20 Jagger 169.00 172.00 3.00 1.38 Jagger KDD0086 229024 775165 345 70 -50 143.00 71.60 73.00 1.40 1.63 Jagger 82.00 89.00 7.00 1.04 Jagger 95.00 107.00 12.00 0.68 Jagger 118.00 123.00 5.00 0.69 Jagger Notes: Cut-off using 2.0 m at 0.30 g/t Au Intervals are reported with no more than 3 m of internal dilution of less than 0.3 g/t Au except where indicated* An accurate dip and strike and controls of mineralisation are unconfirmed at this time and the true width of mineralisation are unconfirmed at this time. Drill holes are planned to intersect mineralised zones perpendicular to interpreted targets. All intercepts reported are downhole distances. The Company also reports the filing of its audited consolidated financial statements for the twelve-month period ended March 31, 2025, and related management's discussion and analysis. Copies of these financial statements and related management's discussion and analysis can be found on the Company's issuer profile on SEDAR+ at as well as on the Company's website at Sampling, QA/QC, and Analytical Procedures Drill core was logged and sampled by Kobo personnel at site. Drill cores were sawn in half, with one half remaining in the core box and the other half secured into new plastic sample bags with sample number tickets. Core samples are drilled HQ to below oxidation level and then is reduced to NQ for the remainder of the drill hole. Samples are transported to the SGS Côte d'Ivoire facility in Yamoussoukro by Kobo personnel where the entire sample was prepared for analysis (prep code PRP86/PRP94). Sample splits of 50 grams were then analysed for gold using 50g Fire Assay as per SGS Geochem Method FAA505. QA/QC procedures for the drill program include insertion of a certificated standards every 20 samples, a blank every 20 samples and a duplicate sample (split of the 1 m original sample) every 20 samples. All QAQC control samples returned values within acceptable limits. Review of Technical Information The scientific and technical information in this press release has been reviewed and approved by Paul Sarjeant, who is a Qualified Persons as defined in National Instrument 43-101. Mr. Sarjeant is the President and Chief Operating Officer and Director of Kobo. About Kobo Resources Inc. Kobo Resources is a growth-focused gold exploration company with a compelling new gold discovery in Côte d'Ivoire, one of West Africa's most prolific and developing gold districts, hosting several multi-million-ounce gold mines. The Company's 100%-owned Kossou Gold Project is located approximately 20 km northwest of the capital city of Yamoussoukro and is directly adjacent to one of the region's largest gold mines with established processing facilities. With over 15,000 metres of diamond drilling, nearly 5,900 metres of reverse circulation (RC) drilling, and 5,900 metres of trenching completed since 2023, Kobo has made significant progress in defining the scale and prospectivity of its Kossou's Gold Project. Exploration has focused on multiple high-priority targets within a 9+ km strike length of highly prospective gold-in-soil geochemical anomalies, with drilling confirming extensive mineralisation at the Jagger, Road Cut, and Kadie Zones. The latest phase of drilling has further refined structural controls on gold mineralisation, setting the stage for the next phase of systematic exploration and resource development. Beyond Kossou, the Company is advancing exploration at its Kotobi Permit and is actively expanding its land position in Côte d'Ivoire with prospective ground, aligning with its strategic vision for long-term growth in-country. Kobo remains committed to identifying and developing new opportunities to enhance its exploration portfolio within highly prospective gold regions of West Africa. Kobo offers investors the exciting combination of high-quality gold prospects led by an experienced leadership team with in-country experience. Kobo's common shares trade on the TSX Venture Exchange under the symbol "KRI". For more information, please visit Twitter: @KoboResources | LinkedIn: Kobo Resources Inc. NEITHER THE TSXV NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSXV) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE. Cautionary Statement on Forward-looking Information: This news release contains "forward-looking information" and "forward-looking statements" (collectively, "forward-looking statements") within the meaning of the applicable Canadian securities legislation. All statements, other than statements of historical fact, are forward-looking statements and are based on expectations, estimates and projections as at the date of this news release. Any statement that involves discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as "expects", or "does not expect", "is expected", "anticipates" or "does not anticipate", "plans", "budget", "scheduled", "forecasts", "estimates", "believes" or "intends" or variations of such words and phrases or stating that certain actions, events or results "may" or "could", "would", "might" or "will" be taken to occur or be achieved) are not statements of historical fact and may be forward-looking statements Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements. Such factors include, but are not limited to: general business, economic, competitive, political and social uncertainties; and the delay or failure to receive board, shareholder or regulatory approvals. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on the forward-looking statements and information contained in this news release. Except as required by law, Kobo assumes no obligation and/or liability to update the forward-looking statements of beliefs, opinions, projections, or other factors, should they change, except as required by law. View source version on Contacts For further information, please contact: Edward GosselinChief Executive Officer and Director1-418-609-3587ir@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Associated Press
3 days ago
- Associated Press
Kobo Resources Intersects 21.5 m at 1.14 g/t Au and 20.0 m at 1.41 g/t Au at the Jagger Zone and Files FY 2025 Financial Results
QUEBEC CITY--(BUSINESS WIRE)--Jun 19, 2025-- Kobo Resources Inc. (" Kobo' or the " Company ") ( TSX.V: KRI ) is pleased to announce additional diamond drill results from the ongoing exploration program at its 100%-owned Kossou Gold Project (' Kossou ') in Côte d'Ivoire. Results from the Jagger Zone continue to confirm broad zones of mineralisation and extend the footprint of gold-bearing structures along strike and at depth. This press release features multimedia. View the full release here: Diamond Drill Results – Highlights: Jagger Zone: Edward Gosselin, CEO and Director of Kobo commented: 'These latest results reinforce the scale and continuity of gold mineralisation at the Jagger Zone. We are encouraged by the width and tenor of the intercepts, which continue to validate our structural model and further support our systematic exploration approach at Kossou. With drilling still underway across our other high-priority targets, we are well-positioned to advance Kossou toward its maiden resource estimate next year as our exploration work continues.' Jagger Zone Drilling Highlights Scale and Continuity Results from seven diamond drill holes (KDD0080 to KDD0086), completed on sections JZ 525 to JZ 725 within the Jagger Zone, have been received and continue to expand the Company's understanding of this highly prospective target (see Figure 1). Gold mineralisation is hosted within and along the contacts of quartz feldspar porphyry and diorite intrusions, as well as within sheared contacts of basaltic massive and pillowed flow units. These structures define significant, laterally and vertically continuous gold-bearing zones that are traceable along strike and down dip. Notably, wide mineralised intervals in hole KDD0084, including 8.0 m at 1.41 g/t Au from 88.0 m and 21.5 m at 1.14 g/t Au* from 106.0 m (see Figure 2), demonstrate the presence of multiple stacked gold zones across the broader Jagger Shear Zone. On section JZ 700, gold mineralisation continues to demonstrate strong continuity and consistent geological associations observed in earlier drilling. Notable intercepts include 20.0 m at 1.41 g/t Au* from 106.0 m, including 5.0 m at 3.70 g/t Au, and 7.0 m at 1.20 g/t Au from 154.0 m. These results support the broader interpretation of the Jagger Shear Zone as a robust, multi-zone gold system and correlate well with previously reported drill holes and surface trench KTR030a (see Figure 3 for Section JZ 700.) Geological and Structural Setting of Gold Mineralisation at Kossou and the Jagger Zone Gold mineralisation at Kossou is hosted within a N-S trending, steeply west-dipping deformation corridor associated with the regional Contact Zone Fault, which separates basaltic volcanic flows from volcano-sedimentary rocks. Within this corridor, the 'Jagger Shear Corridor', brittle-ductile shear zones act as the primary structural controls on gold emplacement, particularly where lithological contrasts occur between basaltic units and intrusive rocks, including diorite and quartz-feldspar porphyry dykes. At the Jagger Zone, the main shear system is developed within a zone approximately 70-m wide and is closely associated with intrusive contacts. Drill core analysis has identified multiple quartz vein generations related to mineralisation. The V1 vein set consists of quartz veins and veinlets parallel to the S1 foliation, commonly occurring within the main shear zones and bearing gold. The dominant mineralized structures, however, are V2A veins, which trend west-northwest to northwest and are prominent both within and adjacent to the shears. A secondary vein set, V2B, is characterized by sub-horizontal hairline fractures and veinlets, which carry only sporadic gold mineralisation. Drilling to date indicates that gold mineralisation pinches and swells along strike and at depth, consistent with structurally controlled orogenic gold systems commonly found within the Birimian terrane of West Africa. Table 1: Summary of Significant Diamond Drill Hole Results An accurate dip and strike and controls of mineralisation are unconfirmed at this time and the true width of mineralisation are unconfirmed at this time. Drill holes are planned to intersect mineralised zones perpendicular to interpreted targets. All intercepts reported are downhole distances. The Company also reports the filing of its audited consolidated financial statements for the twelve-month period ended March 31, 2025, and related management's discussion and analysis. Copies of these financial statements and related management's discussion and analysis can be found on the Company's issuer profile on SEDAR+ at as well as on the Company's website at Sampling, QA/QC, and Analytical Procedures Drill core was logged and sampled by Kobo personnel at site. Drill cores were sawn in half, with one half remaining in the core box and the other half secured into new plastic sample bags with sample number tickets. Core samples are drilled HQ to below oxidation level and then is reduced to NQ for the remainder of the drill hole. Samples are transported to the SGS Côte d'Ivoire facility in Yamoussoukro by Kobo personnel where the entire sample was prepared for analysis (prep code PRP86/PRP94). Sample splits of 50 grams were then analysed for gold using 50g Fire Assay as per SGS Geochem Method FAA505. QA/QC procedures for the drill program include insertion of a certificated standards every 20 samples, a blank every 20 samples and a duplicate sample (split of the 1 m original sample) every 20 samples. All QAQC control samples returned values within acceptable limits. Review of Technical Information The scientific and technical information in this press release has been reviewed and approved by Paul Sarjeant, who is a Qualified Persons as defined in National Instrument 43-101. Mr. Sarjeant is the President and Chief Operating Officer and Director of Kobo. About Kobo Resources Inc. Kobo Resources is a growth-focused gold exploration company with a compelling new gold discovery in Côte d'Ivoire, one of West Africa's most prolific and developing gold districts, hosting several multi-million-ounce gold mines. The Company's 100%-owned Kossou Gold Project is located approximately 20 km northwest of the capital city of Yamoussoukro and is directly adjacent to one of the region's largest gold mines with established processing facilities. With over 15,000 metres of diamond drilling, nearly 5,900 metres of reverse circulation (RC) drilling, and 5,900 metres of trenching completed since 2023, Kobo has made significant progress in defining the scale and prospectivity of its Kossou's Gold Project. Exploration has focused on multiple high-priority targets within a 9+ km strike length of highly prospective gold-in-soil geochemical anomalies, with drilling confirming extensive mineralisation at the Jagger, Road Cut, and Kadie Zones. The latest phase of drilling has further refined structural controls on gold mineralisation, setting the stage for the next phase of systematic exploration and resource development. Beyond Kossou, the Company is advancing exploration at its Kotobi Permit and is actively expanding its land position in Côte d'Ivoire with prospective ground, aligning with its strategic vision for long-term growth in-country. Kobo remains committed to identifying and developing new opportunities to enhance its exploration portfolio within highly prospective gold regions of West Africa. Kobo offers investors the exciting combination of high-quality gold prospects led by an experienced leadership team with in-country experience. Kobo's common shares trade on the TSX Venture Exchange under the symbol 'KRI'. For more information, please visit Twitter: @KoboResources | LinkedIn: Kobo Resources Inc. NEITHER THE TSXV NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSXV) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE. Cautionary Statement on Forward-looking Information:View source version on CONTACT: For further information, please contact:Edward Gosselin Chief Executive Officer and Director 1-418-609-3587 [email protected] KEYWORD: EUROPE UNITED KINGDOM NORTH AMERICA CANADA INDUSTRY KEYWORD: MINING/MINERALS NATURAL RESOURCES SOURCE: Kobo Resources Inc. Copyright Business Wire 2025. PUB: 06/19/2025 07:30 AM/DISC: 06/19/2025 07:28 AM
