May 09
We have reached an agreement with the South African company Solo Resources (Pty) Ltd for delivery of a processing plant for production of gold at the Segele Mine. An important milestone for our mining operation and targeted cash flow. With this agreement, I am confident that we will be produce gold from the Segele mine […]
May 03
Our ongoing exploration activities unveil new encouraging findings as we drill tested two new targets around Segele within 500m distance. Our exploration team has discovered a new gold mineralisation zone including a visible gold intersection. Moving on, we are preparing for a soil geochemical sampling program between Segele and Joru, and for a ground geophysical […]
Apr 25
Few, if any, other commercial gold mines are operating at a gold grade of 40,6 gram per ton indicated mineral resource. Now it’s time to start collect the gold underneath our feets. A significant gold mineral resource increase and classification upgrade will make our mining project in Segele unique in a global perspective. 22 April […]
Mar 11
Today we have appointed SpareBank 1 Markets AS (SB1) to advise on project financing for our upcoming gold mining operation for the Segele deposit. As financial adviser, SB1 will work closely with the Company to explore relevant funding opportunities such as equity, bank debt and offtake agreements, along with other strategic options that are available […]
Mar 07
An important milestone for our company as we performed in a ceremony to mark the start of the company’s next phase towards mining and gold production in Segele. Initial production is expected to commence by the end of 2022, ramping-up into 2023. Once fully operational, we estimate an annual production at Segele of around 45,000 […]
Mar 04
Today we renewed our existing exploration license of 182 km2 in the Akobo region. This will secure a strong long-term position for both mining and exploration activities for the company. The renewal is a result of many years of positive relationships with the Ministry of Mines, and the continued efforts to develop and progress our […]
Mar 02
Today we intersected visible gold at 282 metres vertical depth, as well as seeing signs of further potential gold mineralisation in several sections along this latest hole. All indicators point to a belief that our Segele mine can be sustained for much longer than previously envisaged. The previous deepest intersection of gold mineralisation was at […]
Feb 24
Dr Cathryn MacCallum is head of ESG, responsible for furthering the company’s environmental, social and governance (ESG) initiatives. In this interview, she explains who Akobo Minerals is and why she believes every business should be investing in a robust company-wide ESG program. Cathryn also explains why it reduces business risk and has a positive impact […]
Feb 21
MON, FEB 21, 2022 08:30 CET Akobo Minerals AB (publ) (EURONEXT: AKOBO) today reported its fourth quarter 2021 results. Akobo Minerals is still in a project development phase and consequently had no income in the fourth quarter. The net profit for the period was SEK 0.22 million due to significant positive foreign exchange effects. In […]
Feb 21
We have signed a memorandum of understanding (MOU) with the Ethiopian commercial bank, Oromia Bank. A cooperation aimed to develop domestic services related to financing new exploration and mining projects with international standards. Together, these services can support the advancement of Ethiopia’s domestic mining industry. With this collaboration, we aim to become the leading industry […]
