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 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 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 […]
Feb 17
Today we have released results of the next set bonanza gold grade results from our Segele mine development project. “These new results support our belief that we can maintain peak production for longer than calculated in our original scoping study” Jørgen Evjen, CEO at Akobo Minerals AB Specifically, the results, from laboratory testing, inspection, certification […]
Feb 17
We’re celebrating a century, having just completed our 100th exploration drill hole at Segele! And this is just the start. Congratulations to our great Akobo operations team in Ethiopia!
Feb 07
“Our maiden resource estimate done by SRK Consulting indicates 52 000 oz at 20.9 g/t on average, which is fairly astonishing.” Jørgen Evjen, CEO Akobo Minerals Another interesting article about Akobo Minerals in Mining Review Africa. Read the original article here. This is a copy oft the original article from Mining Review January 2022. It […]
Feb 02
New major civil engineering project will benefit both the company’s mine infrastructure and the local community OSLO, 2 February 2022: The first ever flight landed at a new airstrip which Akobo Minerals has funded and built in Dima. The Super King Air 350 twin-turboprop aircraft carried representatives from Akobo Minerals and the Ethiopian Civil Aviation […]
