Akobo Minerals shortlisted for prestigious ESG award for Ethiopian gold exploration project

OSLO, 3 December 2021: Akobo Minerals (Euronext Oslo – “AKOBO”) 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. Organisations were considered based on how well they have…

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Akobo Minerals – Third quarter 2021 results

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. The company has no external debt…

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Akobo Minerals maintains its fast development pace at Segele with ongoing successful extension drilling, hints of new mineralisation targets and production planning well underway

During the first part of 2021, the Segele project was accelerated by the resource estimate, award of the mining licence and the scoping study. Since receiving the mining licence, resource extension drilling, surface exploration and multidisciplinary project development work has been ongoing to advance the project towards gold production. The fast pace of development has…

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Invitation to presentation of third quarter results 2021, Thursday 25.11 at 13.00 CEST

Akobo Minerals AB (publ) will release its third quarter results 2021 on Thursday 25 November at 08.30 CEST. The results will be presented in a webcast with CEO Jørgen Evjen and COO Matt Jackson at 13.00 CEST. The presentation and subsequent Q&A session will be held in English and may be viewed live at https://inqrate.com/xtravideos/akobo-minerals-q3-21-presentasjon/…

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Notice of Extraordinary General Meeting - Akobo Minerals elects Helge Rushfeldt as new board member while Erik Haugane steps down

As part of the company’s focus on more mining related activities, we are very pleased to have Helge Rushfeldt on as a new board member. Helge Rushfeldt has extensive experience from working with early phase mining companies and will bring with him knowledge highly relevant to our development. Helge Rushfeldt is the owner and general…

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Akobo Minerals continues to intersect visible gold, in addition to ongoing exploration and mining studies - despite announcement of Ethiopian State of Emergency

Despite the announcement of the State of Emergency in Ethiopia (3rd November 2021), Akobo Minerals is continuing its operations with the completion of a successful hole which has intersected around 10m* of core with visible gold today (hole SEDD55). Akobo Minerals has an organisation consisting of highly qualified Ethiopian staff and is not reliant on…

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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 of Mines (MoM) entered into an agreement governing the future mining of the Segele project, and also opening up the Ethiopian mining sector by agreeing to the right to hold foreign currency on offshore accounts, and to repatriate profits from the same accounts. This has been…

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Akobo Minerals completes its Segele scoping study with very favorable project economics and low production cost anticipated

Akobo Minerals continues to deliver on its timetable and promises. After 10 years of exploration work culminating in a JORC compliant Maiden Resource Estimate earlier this year, followed recently by grant of a large scale gold mining license, we now release our scoping study for the Segele deposit. The results are very encouraging and exceeds…

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