GOTHENBURG, 7 December 2021: Akobo Minerals (Euronext Oslo – “AKOBO”). The shareholders of Akobo Minerals AB (publ) (“Akobo” or the “Company”) have held an Extraordinary General Meeting on December 7, 2021 (the “EGM”) whereby the following main decision was made.
Election of board of directors
The EGM resolved to elect Helge Rushfeldt as a new board member of the Company while Erik Haugane resigned as a board member in connection with the EGM. Hans Olav Torsen and Jørn Christiansen remain as board members of the Company.
For more detailed information on the content of the resolution, please refer to the notice convening the EGM and the complete proposals that are available on the Company’s website. All decisions were made unanimously.
For more information, contact:
Jørgen Evjen, CEO, Akobo Minerals
Mob: (+47) 92 80 40 14
About Akobo Minerals:
Akobo Minerals is a Norway-based gold exploration company, currently with ongoing exploration and small-scale mine development in the Gambela region and Dima Woreda, southwest Ethiopia. The operations were established in 2009 by people with long experience from the public mining sector in Ethiopia and from the Norwegian oil service industry. Akobo Minerals holds a mining licence and an exploration license over key targets in the area. Economic mineralisation was discovered and the company is engaged in mining studies to advance the project to production, alongside exploration core drilling. Akobo Minerals is transforming its organisation to support an increased pace of core drilling. At both the key targets Segele and Joru the company has so far released exceptionally high-grade gold results including the Segele deposit with an Inferred Mineral Resource of 78ktons at 20.9g/t. A scoping study for Segele includes an up-front capital expenditure of USD $8m and all-in sustaining cost of USD $243 per ounce of gold produced. Core-drilling and trenching at Joru have intersected both high-grade gold zones and large wide zones near surface. The company has an excellent partnership with national authorities and places ESG at the heart of its activities – a ground-breaking community program is being planned.