VCI Global Limited (NASDAQ:VCIG) ("VCI Global" or the "Company"), today announced that it has entered a binding term sheet in relation to a proposed strategic investment in a gold mining asset located within an established gold-producing region in Brazil.

Based on preliminary technical information provided to the Company, the asset is estimated to contain approximately 59.9 tonnes of gold resources (equivalent to approximately 1.9 million ounces). This estimate is preliminary in nature and subject to further technical validation, independent verification, and compliance with applicable mineral resource reporting standards.

Under the terms of the binding term sheet, VCI Global intends to make an initial investment in the project and is expected to assume a role as Engineering, Procurement, and Construction (EPC) partner, subject to the execution of definitive agreements. The Company will also retain an option to increase its ownership interest to up to 51%, subject to the satisfaction of agreed conditions, milestones, and the execution of definitive agreements.

The project remains at an early development stage. Any progression toward development, construction, or potential future production will be subject to technical assessments, permitting, financing arrangements, and operational execution. There can be no assurance regarding timing, development outcomes, or commercial viability.

This proposed investment is aligned with the Company's broader capital allocation strategy, including its ongoing evaluation of real-world asset (RWA) initiatives and digital asset infrastructure. The Company continues to assess how physical commodity-linked assets, such as gold, may potentially interface with structured financial frameworks under its RWA-focused initiatives. Any such development remains at an exploratory stage and is subject to regulatory, technical, and commercial considerations.

The transaction is expected to be supported by a phased capital deployment plan, which may include funding for further technical studies and development activities. Any potential fundraising activities will be undertaken in accordance with applicable regulatory requirements and prevailing market conditions.

In accordance with the terms of the transaction and for strategic reasons, the identity of the asset and counterparties has not been disclosed at this stage. Further information will be provided as and when appropriate, subject to regulatory and contractual considerations.