Tolga Kumova

African Gold Limited | Non-Executive Director

Mr Kumova is a resource industry entrepreneur and corporate finance specialist with over 15 years' experience in stockbroking, IPOs and corporate restructuring. Mr Kumova has raised over A$500 million for ASX-listed mining companies, from early-stage explorers through to companies at the construction and operation stages.

Companies and Roles

Company	Title	Tenure	Since
A1G African Gold Limited	Non-Executive Director	8yrs, 5mth	Feb 2018
ASO Aston Minerals Limited	Non-Executive Director	3yrs, 2mth	May 2023
M4M Macro Metals Limited	Non-Executive Chairman Non-Executive Director	2yrs, 4mth	Mar 2024

Holdings

Company	Last Notice	Direct Shares	Indirect Shares	Options	Convertibles
TOR	29/04/26	3,315,649	33,527,118	25,000,000	N/A
A1G African Gold Limited	31/12/25	N/A	31,864,719	10,000,000	N/A
M4M Macro Metals Limited	18/12/25	N/A	362,293,917	155,000,000	N/A
ASO Aston Minerals Limited	28/03/25	139,565,068	122,323,689	8,333,334	N/A

Transactions

Company	Date	Type	Amount	Price	Value	Notes
M4M Macro Metals Limited	18/12/25	Issued	44,431,428	$0.007	$311,020	Placement
M4M Macro Metals Limited	18/12/25	Issued	6,992,754	$0.009	$60,000	Director remuneration
A1G African Gold Limited	27/06/25	Issued	10,000,000	$0.195	$1,950,000	Issue of options
ASO Aston Minerals Limited	28/03/25	Expiry	30,000,000	$0.019	$570,000	Options expired
M4M Macro Metals Limited	31/12/24	Buy	1,575,000	$0.020	$31,500	Exercise of options

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