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Beskrivning
| Land | Sverige |
|---|---|
| Lista | Euronext Growth Oslo |
| Sektor | Råvaror |
| Industri | Gruvdrift & metaller |
Oslo, Norway, 11 September 2025 - Akobo Minerals AB (publ) ("Akobo" or the "Company") (Euronext Growth Oslo: AKOBO), the Scandinavian-based gold producer operating in Ethiopia, provides its operational update for August 2025.
Highlights
- Doré gold production of ~7 kg (5 kg smelted, 2 kg in process ~ 700.000 USD), exceeding our minimum target of 5 kg
- Total doré gold production to date: ~45 kg
- Successful closing of the Ethiopian Investment Holdings (EIH) private placement
- Appointment of new Operations Manager at site, Johnny Swanepoel from Sutton. Johnny brings extensive experience from mining and processing, with a proven track record of maximizing gold recovery and ensuring high purity from ore
- All time high gold price contributing positively to operational cash flow
New shaking table operational
Operational Developments
- Two new large shaking tables were installed and successfully tested, improving efficiency in gold recovery
- Headgear for the new vertical shaft, identified as the long-lead item, is in production following payment of the first deposit
- The team maintained strong performance despite heavy rain and challenging site conditions
- The sink shaft team is expected on site in the coming weeks, with equipment mobilization currently in progress
As Ethiopia celebrates its New Year today, Akobo Minerals extends its best wishes to our employees, partners, and the wider community for a prosperous and peaceful year ahead.
For more information, contact
Jørgen Evjen, CEO, Akobo Minerals
Mob: (+47) 92 80 40 14
Mail: jorgen@akobominerals.com
LinkedIn: www.linkedin.com/company/akobominerals
About Akobo Minerals
Akobo Minerals is a Scandinavian-based gold producer, currently holding an exploration license covering 182 km2 and a mining license covering 16 km2 in the Gambela region and Dima Woreda, Ethiopia. With over 15 years of active operations on the ground, the company has established a strong foothold in Ethiopian mining industry.
Akobo Minerals' Segele mine has an Inferred and Indicated Mineral Resource of 68,000 ounces, yielding a world-class gold grade of 22.7 g/ton The mineralized zone remains open at depth, supporting future resource estimates and extending the mine's life. The exploration license holds numerous promising exploration resource-building prospects in both the vicinity of Segele and in the wider license area.
Akobo Minerals maintains strong relationships with local communities and government authorities, placing ESG principles at the core of its operations. The company's commitment to sound ethics, transparency, and stakeholder engagement is evident through its industry-leading extended shared value program.
Akobo Minerals is ready to take on new opportunities and ventures as they arise. The company is uniquely positioned to become a major player in the future development of the very promising Ethiopian mining industry.
The company is headquartered in Oslo and is publicly listed on the Euronext Growth Oslo Exchange and the Frankfurt Stock Exchange under the ticker symbol AKOBO. For US investors, the company is traded on the OTC Pink Market (OTC: AKOBF).
Akobo Minerals places great emphasis on meeting and exceeding industry standards, fully complying with all aspects of the JORC code, 2012. For detailed information on their adherence to this code, please refer to https://www.jorc.org/.