Akobo Minerals Ab · OSL:AKOBO
Akobo Minerals Ab — Dagens PS Invest (October 2022)
16 slides from Akobo Minerals Ab's conference presentation, Oct 5, 2022
Slide 1: Dagens PS Invest
Dagens PS Invest AKOBO MINERALS AB 5th October 2022
Slide 2: Disclaimer
Disclaimer This presentation is for information purposes only and does not constitute an offer or an invitation to buy, subscribe or sell the securities being registered on Euronext Growth (Oslo). This presentation has not been approved or reviewed by, or registered with, any public authority or sto
Slide 3: Significant gold production potential – World-leading gold grade
Significant gold production potential – World-leading gold grade Location of license in Akobo, Ethiopia Segele Mineral Resource estimate by SRK Inferred and Indicated Mineral Resource of 68.811 oz gold @ 22,7g/t Au Indicated Mineral Resources alone of 41.000 oz gold @ 40.6 g/t. Ore body is close to
Slide 4: Corporate structure and shareholder overview
Corporate structure and shareholder overview Corporate structure and listing Tradable on Avanza and Nordnet Listed on Euronext Growth in Oslo (ticker: AKOBO) with a current market capitalization of NOK 300 million (USD 30 million). The company is backed by a strong group of active shareholders i
Slide 5: Lean organizational setup with vast complementary experience
Lean organizational setup with vast complementary experience Jørgen Evjen Johan Sjöberg Dr. Matt Jackson Dr. Cathryn MacCallum Tesfaye Medhane Chief Executive Officer Chief Exploration Officer Chief Operations Officer Head of ESG General Manager (Etno) More than 20 years experience More than 18 year
Slide 6: An ESG positive exploration and mining company …
An ESG positive exploration and mining company … Akobo Minerals is a Scandinavian-based gold Dedicated to support the need for responsible exploration and boutique mining company resource stewardship • ESIA completed and approved. Exploration and mining licenses held in the Gambela region and Dima W
Slide 7: Highly successful exploration and resource definition
Highly successful exploration and resource definition Segele May Be in the Top Tier of High-Grade Gold Mines Highly Successful Exploration 25 Grade (Au gpt) Cash cost (USD/oz) 1000 Segele 22.7 21.5 900 Potentially high cash flow small-scale mining Potential to expand resources both sides within
Slide 8: High margin cash flow and a pre-tax project NPV of USD 63.5 million
High margin cash flow and a pre-tax project NPV of USD 63.5 million Project financials and key assumptions Quarterly cash flow from production start • The model, based upon Akobo Minerals’ current Mineral Resource 40 estimate, shows a highly profitable mine operation with an estimated free 35 cash f
Slide 9: Highly experienced contractors
Highly experienced contractors CONTRACT MINING OPERATIONS Mine Entrance Construction A small, focused contractor having delivered a wide range of services such as Conveyor Belt installation, Drop Raise training, Face Advance improvement, Equipment reclamation and Underground Mining stoping and devel
Slide 10: CONTRACT MINING OPERATIONS
CONTRACT MINING OPERATIONS Mine Entrance Construction Incline Shaft Development Stoping Operations Bafotech Scraper Winch Operations to be implemented by South African miners with long track records. Initial Geotechnical studies completed – further in process Equipment received from a total of
Slide 11: PROCESSING PLANT
PROCESSING PLANT Crushing and Milling Gravity Concentrator Cyanide in Leach Elution and Smelting • Process Plant is 70% complete • Steel manufacture of tanks well advanced • Much fabrication is already complete • Ahead of schedule • Major equipment already dispatched to Ethiopia Milling and gravity
Slide 12: PROCESSING PLANT
PROCESSING PLANT Crushing and Milling Gravity Concentrator Cyanide in Leach Elution and Smelting Smelt Furnace* Leach Reactor* Impact crusher* Mill discharge hopper* Grinding mill ready for dispatch to site 12 *: Nearing completion or completed
Slide 13: The Segele deposit – successful extension drilling ongoing
The Segele deposit – successful extension drilling ongoing Artisanal pit 8.9g/t 12.9g/t 6.2g/t 88g/t Key metrics Total Mineral Resource 69 kOz, 22,7 g/t New Drill Targets Indicated resource 41 kOz, 40,6 g/t Core Drilling Holes AISC USD 243/oz Conservative 81 % extraction rate Inferred Minera
Slide 14: 15km strike potential including countless exploration targets
15km strike potential including countless exploration targets Map of the license Area Ore Genesis Models and Mineralization Styles Several mineralization styles present SEGELE MINING AREA: A high- and bonanza-grade orogenic gold deposit. Free gold hosted by within metamorphosed ultramafics overpri
Slide 15: The leading exploration and mining company in Ethiopia
The leading exploration and mining company in Ethiopia Short term Medium term Long term vision Deliver on strategy Establish a solid and attractive resource base Become a leading mining company in Ethiopia Establish boutique mining operations based upon the Use cash flow from mining operations t
Slide 16: Company highlights
Company highlights Large-scale mining license with vast resource potential Attractive and well-established mining jurisdiction Experienced team and attractive corporate setup Established player with strong support from authorities 16