Increasing drilling capacity at low cost.

OSLO, 20 December 2021: Akobo Minerals (Euronext Oslo – “AKOBO”) announces that it has acquired 3 drill rigs from Protek Norr AB. The agreed tender is 400 000 SEK, including following items: Three Diamec 262 core drill rigs – two which are operational and one to be upgraded Three electrically powered hydraulic units Several spare […]

Shortlisted for prestigious ESG award for Ethiopian gold exploration project

Akobo Minerals is delighted to announce it was shortlisted as ESG (Environmental, Social, and Governance) Explorer/Developer Mining Company of the Year at this week’s Mines & Money London, the premier European forum for mining investment and capital raising. Every employee can be proud of the part they have played in helping to build our world […]

Q3 2021 report – Another transformative quarter for the company

THU, NOV 25, 2021 08:42 CET Akobo Minerals AB (publ) (EURONEXT: AKOBO) today reported its third quarter 2021 results. Akobo Minerals is in a project development phase and consequently had no income in the third quarter. The net loss for the period was SEK 5.1 million, and SEK 10,1 million for the first three quarters. […]

A Break Trough Milestone – License to Mining Gold in Ethiopia

As part of our strategy to start mining gold in addition to the successful exploring business, Akobo Minerals paves the way for a resurgent Ethiopian mining industry clearing a major hurdle for investors being granted the right to hold and repatriate foreign currency from offshore accounts. On the 30th of September, Akobo Minerals and the Ministry […]

Akobo Minerals receives very positive results from its metallurgical testwork with potential for greater than previously expected revenue generation

Akobo Minerals has received the testwork results from the Peacocke and Simpson Laboratory. The positive results of these gold extraction tests give potential for greater than expected revenue generation to that proposed in the Scoping Study (27.09.2021), at similar operating costs. The metallurgical testwork gives an indication of how much gold is expected to be […]

Akobo Minerals signs contract with MIDROC for a second core-drilling rig – significantly expanding production capacity

Akobo Minerals will soon be working with a total of three core drilling rigs in field, including one company owned drill rig. The experience and performance with the first drill rig from MIDROC Geo/Exploration Services PLC (“MIDROC”) has met expectations hence a contract amendment has been signed for a second drill rig to be engaged. […]

Akobo Minerals engages TS Environment Technology to complete the Segele Environmental and Social Impact Assessment

Akobo Minerals continues development of its Environmental and Social Impact Assessment (“ESIA”) – an important step in the development towards start of mining at the Segele Project. An ESIA contract has been awarded to TS Environment Technology Plc, a leading provider of such services in Ethiopia; TS  Environment  has  undertaken  over  50  ESIA studies  and  […]

Akobo Minerals completes its Segele scoping study

Very favorable project economics and low production cost anticipated Akobo Minerals continues to deliver on its timetable and promises. After 10 years of exploration work culminating in a JORC compliant Maiden Resource Estimate earlier this year, followed recently by grant of a large scale gold mining license, we now release our scoping study for the […]

Akobo Minerals to be awarded large scale gold mining license

Akobo Minerals is pleased to announce that the Ethiopian Council of Ministers has today accepted the Large Scale Mining Licence application submitted by the company on the 7th of September 2021. The application was developed in close dialogue with the Ministry of Mines and Petroleum with whom the company intends to continue its successful partnership. […]

Registration of new share capital in Akobo Minerals AB (publ)

Akobo Minerals AB (publ) (“Akobo” or the “Company”) announces that the total number of shares in the Company has increased by 1,358,000 from 41,154,606 to 42,512,606 as of September 15, 2021 as a result of registration with the Swedish Companies Registration Office of new shares subscribed for with the support of warrants issued at the […]

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