The Segele Gold Deposit is a high‑grade orogenic gold system hosted in altered ultramafic rocks within the Akobo Gold District of southwest Ethiopia. Mineralisation is structurally controlled and occurs in a series of narrow, stacked lenses dipping approximately 40–45 degrees to the north.
Based on an extensive diamond drilling programme totalling approximately 20,000 metres, an updated Inferred Mineral Resource has been estimated by SRK Consulting in accordance with JORC (2012). The current Mineral Resource totals approximately 69,000 ounces of gold at an average grade of 22.7 g/t Au, reported above a cut‑off grade of 2.65 g/t Au.
The deposit is characterised by a high nugget effect and significant grade variability, which is typical for narrow, high‑grade orogenic gold systems. A substantial portion of the mineralisation is located close to surface, and the system remains open at depth.
In SRK’s opinion, the defined Mineral Resource demonstrates reasonable prospects for eventual economic extraction using conventional underground mining methods.
