Akobo Minerals currently has ongoing exploration in the Akobo area through its wholly owned subsidiary Etno Mining Plc. The operations were established in 2009 by people with long experience from the public mining sector in Ethiopia and from the Norwegian oil service industry.
The Akobo project is situated in a budding gold district in Southwestern Ethiopia, where alluvial mining with hand methods is widespread. Our area is a part of the lowland of the Akobo Basin, an area dominated by flat to hilly grass- and tree-covered savannah terrain.
Akobo Minerals holds an exploration license over key targets in the area. To date placer production and exploration have outlined alluvial gold resources, and our team of geologists have worked extensively over the last 8 years to identify several potential primary gold targets.
The drill program started end of 2019 and has so far shown exceptional high-grade gold results. The results have been confirmed by the international recognized analytical laboratory ALS.