More Gold the Deeper We Go

Recent drilling has intersected visible gold at 205 meter. This result indicates that the high-grade gold mineralisation continues 50m further down dip than previously known. In addition to the visible gold previously reported on the extension drilling program at Segele, these latest results underpin the company’s belief that the Segele project can sustain a significant […]

Akobo Minerals feature in Business Enquirer magazine

Enjoy reading the Akobo story in the latest issue of Business Enquirer. People around the world are noticing our activity and, with Business Enquirers reach, we believe this will get the word out even further. “The new license gives us future-proofed flexibility and options and fuels our capability to be a leading player in the […]

2021 – What a Golden Year!

We have concluded yet another transformative year for Akobo Minerals and would like to send special thanks to all our supporters – not least employees, shareholders, advisers, the Ministry of Mines, and more. Moving from an exploration company to mining gold is a dream come true for all of us. The long journey started back in […]

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  […]

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