BUNIA, Democratic Republic of Congo, September 8, 2025 — Black & Yellow Minerals Corp. ("BYM" or the "Company") today announced the successful activation of mining operations at Concession P1, designated the "Northern Anchor" site, marking the Company's expansion from single-site to multi-site operations within its contiguous concession corridor in the Territory of Djugu.
Equipment mobilization to P1 commenced on August 25, 2025, with one XCMG 335 excavator, one HOWO dump truck, and one wheel loader redeployed from the P3 fleet alongside newly arrived supplemental units. Site preparation, including access road improvement and water management infrastructure, was completed over a 14-day period. Initial ore extraction began on September 5, 2025.
"Activating P1 is a critical step in our growth strategy," stated the Chief Executive Officer. "Geological assessment indicates grade profiles at P1 that are comparable to or exceed those at P3, and the contiguous layout of our concessions allows us to share logistics infrastructure, reducing the marginal cost of expansion. We expect P1 to achieve steady-state production of 150 grams per day within 60 days of activation."
Concession P1 encompasses approximately 48 hectares of licensed exploitation area, with historical artisanal workings indicating consistent alluvial gold mineralization along a 2.3-kilometer strike length. BYM's geological team has identified three priority working zones within P1, with estimated mineable reserves sufficient for a minimum 36-month production horizon at targeted extraction rates.
The expansion to dual-site operations increases BYM's combined daily production capacity to 550 grams, well above the 400-gram base-case target. Workforce at P1 comprises 45 employees, including 32 community members recruited locally and 13 experienced operators transferred from P3 to ensure operational consistency and knowledge transfer.
BYM continues to evaluate the optimal timing for activation of Concessions P2 and P4, which remain in the pre-development assessment phase. Contact: BYM Investor Relations — info@blackyellowminerals.com.