BUNIA, Democratic Republic of Congo, May 12, 2025 — Black & Yellow Minerals Corp. ("BYM" or the "Company") is pleased to announce its inaugural gold pour from Concession P3, the "Central Hub" site, marking the transition from development to active commercial production. The first pour, completed on May 10, 2025, yielded 1.8 kilograms of gold dore from approximately 12 tonnes of processed alluvial ore.
Independent assay results confirm a gold purity of 96.2%, consistent with the high-grade alluvial deposits characteristic of the Djugu corridor. Initial processing utilized gravity separation methods, including a combination of sluice boxes and shaking tables, achieving a recovery rate of 82%. The Company expects recovery rates to improve to 88-92% as processing circuits are optimized over the coming weeks.
"The first gold pour is always a defining moment for any mining operation, and today marks the realization of months of planning, investment, and hard work," said the Chief Executive Officer. "Our team — from the equipment operators to the geological surveyors to the cooperative partners who have entrusted us with their concessions — should take immense pride in this achievement. We are now a producing gold company."
Initial production rates during the first week of operations averaged 260 grams per day, which is in line with the Company's ramp-up projections. BYM targets a steady-state daily production rate of 400 grams per day within 90 days as equipment utilization, processing efficiency, and ore feed consistency improve. The P3 Central Hub is currently operating with two XCMG 335 excavators, one wheel loader, and one dump truck on a single 10-hour shift.
Ore is sourced from the P3-South working zone, where geological mapping has identified a primary alluvial channel extending 1.7 kilometers with an average depth of 4.2 meters. Preliminary sampling indicates grades ranging from 2.0 to 4.5 grams of gold per tonne across the identified ore body, supporting a multi-year production horizon at current extraction rates.
BYM intends to provide monthly production updates to investors and stakeholders going forward. Contact: BYM Investor Relations — info@blackyellowminerals.com.