Lipari Mining reports Financial Year 2025 diamond sales; suspension of operations at Brauna Mine 

Lipari Mining Ltd. reports production and sales results for the Financial Year ended December 31, 2025 from the Company’s wholly-owned Braúna Diamond Mine in Brazil, the suspension of operations at the mine due to the weak global market for natural diamonds, and announces a planned transition in its Chief Financial Officer role.

During the FY-2025, 104,508 carats of natural diamonds were sold for revenues of $21,821,275 (US$ 16,405,929), averaging $209 per carat (US$157 per carat). This compares to 29,135 carats sold in FY-2024 for $5,919,820 (US$4,652,368) at an average of $203 per carat (US$160 per carat). The Company experienced a significant decline in sales revenue during Q4-2025 due to the weakening global diamond market, as well as reduced diamond production due to lower recovered diamond grades as a result of higher dilution by waste rock.

 The final year-end sale conducted in December 2025 only achieved an average value of $179 per carat (US$136 per carat), representing a significant decline from the previous sale in September 2025 which resulted in an average unit sales value of $212 per carat (US$161 per carat), and well below the mine’s historic average unit sales value of US$183 per carat.

Due to the weak global market for natural diamonds, and lower diamond recoveries, operations at the Braúna mine have been suspended and the mine has been put on care and maintenance until such time as the global diamond market improves and a new mine plan is developed to effectively address the issue of dilution of the ore.Lipari will concentrate its capital and technical resources to advance its flagship Tchitengo Diamond Project in northeastern Angola, where the Company holds a 75% interest.