September 15, 2020
The Ethiopian Ministry of Mining and Petroleum has released a very informative investment guide for those interested in learning more. The guide is designed to provide a clear picture of EtRead More
is a gold exploration company focusing on projects along the Akobo river in southwestern Ethiopia, a prolific area with extensive alluvial gold production. Our story starts in 2009 with the launch of alluvial production as well as exploration in the Akobo area. The initial alluvial mining continued until 2013 when the decision was taken to focus on exploration rather than production. Since then Akobo Minerals has been a pure exploration company and our team has gathered extensive data from the area. Extensive and successful drill programs have been planned and started.About
The Akobo gold project is located in southwestern Ethiopia, south of the Akobo River, roughly 720 km SW from the Ethiopian capital Addis Ababa. The project area currently covers 182 km2 of highly prospective geology within to the Arabian-Nubian Shield. The area is considered as lowland by Ethiopian standards, the elevation varies between 600 and 800 meter above sea level and is made up of a gently rolling savanna landscape.
Between 2010 and 2017 more than 4000 soil samples have been collected and analyzed, 7.5 line kilometers of trenching has been completed and over 3000m of reverse circulation drilling has been performed. This has led to the successful identification of two main targets Segele and Joru. Additionally, numerous smaller targets have been identified based on soil-sampling, only two of these smaller targets have been investigated by trenching and drilling. The two main targets exhibit remarkable differences in style of mineralization, inherent variability grades and size.
To find out more about our exploration field work, read the whole Competent Person’s Report here.
We support the local community.More
We maintain an excellent relationship with the local community by following high international standards on corporate governance and social responsibility.
We are developing several local initiatives in order to achieve a good working relationship with the local community and population.
We seek to comply with Scandinavian corporate governance standards, including the proper direction and control of all activities.
We have more than 3.500 shareholders, whereof 80% of shares are held by Norwegian investors, 10 % by Ethiopian management and 10% are held by Swedish investors.