Akobo Minerals Ab · OSL:AKOBO
Akobo Minerals Ab — Investor Presentation (January 2021)
30 slides from Akobo Minerals Ab's investor presentation, January 2021
Slide 1: Company Presentation
Company Presentation January 2021
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 NOTC. This presentation has not been approved or reviewed by, or registered with, any public authority or stock exchange. This
Slide 3: Table of contents
Table of contents I Company overview II License and mineralization III Business plan 3
Slide 4: Gold exploration company with potential world-class gold reserves
Gold exploration company with potential world-class gold reserves Location of license in Akobo, Ethiopia 10+ years on-the-ground experience experienced team and good relationship with local authorities 182 km2 exploration license in Akobo, Ethiopia an attractive gold-mining jurisdiction Located clos
Slide 5: Company highlights
Company highlights ✓ Massive resource potential to be targeted through a well-defined drilling program in 2020/21 Potential to 1 establish world-class ✓ 4,000m drilled and mineral resource estimate imminent1 gold reserves ✓ Several potential low-cost development options that will ensure low all-in s
Slide 6: Corporate structure and shareholders
Corporate structure and shareholders Corporate structure Shareholder overview Shareholder # of shares % ownership Akobo Minerals AB Pir Invest Holding AS 5,257,536.00.. 15.27%.. (publ.) Nautilus Invest AS 2,970,065.00.. 8.63%.. Bernhd. Brekke A/S 2,547,450.00.. 7.40%.. 100% Kørven AS 1,785,927.00..
Slide 7: Akobo Minerals
@) AKOBOMINERALS
Slide 8: Introduction to Akobo Minerals
Introduction to Akobo Minerals Experienced gold exploration company Extensive track-record in Ethiopia Established in 2009 by Norwegian investors and oil-service professionals, & local team from the public mining sector of Ethiopia Located in Akobo, Ethiopia an unexplored and highly prospective part
Slide 9: Experienced management team and board
Experienced management team and board Executive management Board and organization Jørgen Evjen – CEO Board with demonstrated track-record ▪ Experienced manager and leader with extensive experience in of corporate development, M&As, start-ups, and finance strategy, finance, governance and external re
Slide 10: Strong ESG policy and active involvement with the local community
Strong ESG policy and active involvement with the local community Environmental Social/Safety Governance ✓ Akobo Minerals strives to minimize the ✓ The company has history of local ✓ Akobo Minerals is committed to achieving environmental impacts of our contributions and is devoted to support the the
Slide 11: Akobo Minerals
@) AKOBOMINERALS
Slide 12: Ethiopia is a well-established and pro-mining jurisdiction
Ethiopia is a well-established and pro-mining jurisdiction The economy of Ethiopia Key players in the Ethiopian mining sector ▪ Average GDP growth of 10%1 makes Ethiopia one of the fastest growing economies ▪ The new government (since 2018) has taken a strong stance against corruption ▪ The mining s
Slide 13: Akobo is a “low-hanging fruit” for modern gold exploration
Akobo is a “low-hanging fruit” for modern gold exploration Known for high artisanal mining activity1 A new frontier for gold exploration ▪ Located in the Western Ethiopian Shield, an ancient mining region largely ignored by modern exploration ▪ 1,000 kg extracted by hand in 18 months2 ▪ Tulu Kapi pr
Slide 14: Akobo Minerals is well-established in the Akobo area
Akobo Minerals is well-established in the Akobo area Built solid position in Akobo since 2009 Ideal infrastructure and modern equipment ▪ Akobo Minerals is well established in the area and completed ▪ The Akobo area has ideal infrastructure – most of the 720 km essential groundwork in the process of
Slide 15: Akobo history and key milestones
Akobo history and key milestones 2010: Company established 2020 and onwards 1998-1999: 2010: Established camp with machinery and permanent ❑ Started new core drilling program according to plan Predecessors to Akobo organization in both Norway and Ethiopia Minerals explored the ❑ Camp upgrades and ne
Slide 16: Table of contents
Table of contents I Company overview II License and mineralization III Business plan 16
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Slide 18: Valuable exploration license secured
Valuable exploration license secured License details ▪ 182 km2 license in South-Western Ethiopia granted by the Ministry of Mines and Petroleum ▪ Located 710 km from the capital city Addis Ababa, connected by modern highway ▪ License renewed for 3 years on Nov 1st 2020 ▪ 3-year work plan with aim to
Slide 19: Systematic exploration has identified two main targets
Systematic exploration has identified two main targets 1 Segele 2 Joru ✓ Almost 4.000m of diamond drilling completed ✓ Approx. 3.600m RC drilling ✓ Numerous bonanza grade intersections and open at depth ✓ 3-4km of strike length. Exploration drilling/trenching completed ✓ Maiden resource estimate imm
Slide 20: Preliminary results from Segele shows world-class mineralization
Preliminary results from Segele shows world-class mineralization Segele Exceptional high-grade results Results from the 21 first drill holes1 Hole Length (m) Grade (g/t) ▪ Results from the current drilling has proven Segele to be very SEDD001 0.80 17.30 gold rich, with several bonanza grade intersec
Slide 21: 3D model of the Segele deposit
3D model of the Segele deposit Segele License details ▪ Drilling has defined a narrow high grade shoot dipping NW ▪ Highly productive government controlled artisanal mining at surface, also intersected by drilling ▪ The gold zone is about 150m from the outcrop at surface to the deepest drill-interse
Slide 22: Goal of proving more than 1 million oz gold in Joru
Goal of proving more than 1 million oz gold in Joru Joru Large-scale potential Results from the first 14 drill holes1 ▪ Excellent potential to be a massive large-scale low-grade Hole Length (m) Grade (g/t) JORC001 1 0.5 mineral deposit with high grade cores JORC001 2 1.3 ‒ Drilling with the objectiv
Slide 23: Table of contents
Table of contents I Company overview II License and mineralization III Business plan 23
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Slide 25: Strategy of high-impact exploration and monetization
Strategy of high-impact exploration and monetization Clearly-defined strategy of proving resources Supported by strong market sentiment ▪ Akobo Minerals has a clear strategy that is aimed at building ▪ Akobo’s strategy is supported by very strong macro sentiment a portfolio of gold resources through
Slide 26: Clearly defined work plan to achieve company milestones
Clearly defined work plan to achieve company milestones Clear work plan submitted to Ministry of Mines How to do it ✓ Resource drilling, totaling 5,000 meters ✓ Detailed geological mapping of the Segele outcrop The plan for 2021 will be focused on drilling the two established area targets referred t
Slide 27: High activity level and numerous triggers in the near term
High activity level and numerous triggers in the near term 2021 Q1 Q2 Q3 Q4 2022 Q1 Q2 Q3 Q4 2023 Q1 Q2 Q3 Q4 2024 Segele Joru Wolleta +++ Operational activity New areas existing license New adjacent area New area Hire additional drillers Build geologist capacity Organizational development Upgrade c
Slide 28: 2021 work plan focused on drilling Segele and Joru
2021 work plan focused on drilling Segele and Joru Important milestones in the 2021 work plan Q1 Q2 Q3 ▪ Continue resource drilling at Segele ▪ Delivery of second drilling rig in ▪ Second update resource estimate April/May Segele ▪ Expecting first resource estimate Segele in February 2021 ▪ Will inc
Slide 29: Company highlights
Company highlights Potential to establish world-class gold reserves Attractive and well-established mining jurisdiction Experienced team and attractive corporate setup Strategy of high-impact exploration and monetization 29
Slide 30: Competent Person’s Consent Form
Competent Person’s Consent Form 30 Source: Company
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