Akobo Minerals Ab · OSL:AKOBO
Akobo Minerals Ab — Q4 2021 Earnings Presentation
26 slides from Akobo Minerals Ab's earnings presentation, Feb 21, 2022
Slide 1: Q4 Presentation 2021
2021 Q4 Presentation AKOBO MINERALS AB (publ) - 21.02.2022
Slide 2: Disclaimer
Disclaimer This document has been used during an oral presentation. Therefore, this document is incomplete without the oral explanations, comments and supporting instruments that were submitted during the referred presentation. To the extent permitted by law, no representation or warranty is given,
Slide 3: Table of Contents
Table of Contents I Introduction II Operational update III Financial update IV Q&A 3
Slide 4: Gold Exploration and Mining Company With Significant Gold Potential
Gold Exploration and Mining Company With Significant Gold Potential 12 years on-the-ground experience Location of License in Akobo, Ethiopia Experienced team and good relationship with local authorities 182 km2 exploration license An attractive gold-mining jurisdiction 710 km from Addis 16 km2 minin
Slide 5: Overview of Licenses
Overview of Licenses Map of the License Areas License Details Located 710 km from the capital city Addis Ababa, connected by modern highway 182 km2 exploration license in South-Western Ethiopia granted by the Ministry of Mines and Petroleum License expires November 2023 Extension to be final
Slide 6: Key events fourth quarter 2021
Key events fourth quarter 2021 Events during fourth quarter Events after the period • Increased low-cost drilling capacity following the • Lifting of state of emergency in Ethiopia acquisition of three second-hand drill rigs • Airstrip completed and maiden trip undertaken • Shortlisted for prestigio
Slide 7: Ramp up of activities continued in Q4
Ramp up of activities continued in Q4 41 15,359 39 38 32 33 9,393 23 23 6,648 7,245 17 5,718 4,141 2,828 2,897 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Meters drilled acc Employees • 100 holes drilled at Segele, and 18.000 meters drilled as of 21st February 2022 8,410 • Three drill rigs in op
Slide 8: Current situation in Ethiopia - State of emergency lifted
Current situation in Ethiopia - State of emergency lifted • The political situation has improved lately, and the state of emergency has been lifted No major challenges seen ahead with an increasingly clear and improved security • Continued operations without significant interruption during the fourt
Slide 9: Table of Contents
Table of Contents I Introduction II Operational update III Financial update IV Q&A 9
Slide 10: Milestones achieved before time
Milestones achieved before time 2021 Q2 Q3 Q4 2022 Q2 Q3 Q4 2023 Q2 Q3 Q4 2024 ON TRACK Segele and Adjacent Area Drilling DONE Scoping Study DONE SSM Mining License Application Operational UNDERWAY SSM PFS activity SSM DFS START EARLY SSM Construction, Commissioning and Ramp up PHASE 1 COMPLETE. UND
Slide 11: Corporate planning for low-risk operations
Corporate planning for low-risk operations Mine Entrance Construction Incline Shaft Development Stoping Operations CONTRACT MINING OPERATIONS All Hiring, Equipment Purchase and Training and Operations completed by experienced contractor First limited production expected before end 2022 with gradual
Slide 12: Basic and well-known gold mining operations expected
Basic and well-known gold mining operations expected • The ore will be accessed by an incline shaft, currently planned to be 290 m in length, reaching a vertical depth of 160 m below surface. Easily extendable to reach deeper ore Airstrip Segele Resource • The ore will be extracted using shrinkage s
Slide 13: Standard gold processing operations to be implemented
Standard gold processing operations to be implemented Cyanidation Crushing Circuit Mills Gravity Circuit • Shortlisted contractors are in communication with Akobo and • Better than expected gold recovery of 97.2% achieved in test work* Goshawk Network Technologies • Legal and technical review is com
Slide 14: Environment, Society and Governance
Environment, Society and Governance • Akobo Minerals recognizes the importance of sound ESG performance in meeting its strategic and operational goals. As such, we are in the process of developing and implementing a series of measures that will enable Akobo Minerals to comply with sound internationa
Slide 15: Sustainable Natural Resources Management Plan
Sustainable Natural Resources Management Plan Six key outputs from management plan • Establishment of a governance structure to manage sustainable natural resource use • Capacity building training for artisanal miners in HSE, technical skills and environmental safeguarding • Agriculture and livestoc
Slide 16: Segele status – Successful Extension Drilling Ongoing
Segele status – Successful Extension Drilling Ongoing • Since the SRK Resource Estimate a total of 9.243 meters in 57 holes has been completed • Infill drilling and extension drilling as of 21st February 2022 • Holes range up to 285m in depth • Visible gold seen in every single cross section • A tot
Slide 17: Segele status
Segele status 8.9g/t 12.9g/t 6.2g/t 88g/t Assay results from 370 samples from artisanal pits around the resource estimate have shown 88.0g/t, 8.9g/t, 12.9g/t and 6.15g/t. New drilling is planned to follow up these results The reliability of these grab sample results is relatively diminished when com
Slide 18: Exploration around Segele
Exploration around Segele • In addition to resource extension drilling around Segele our Trench 30 Shear zones exploration efforts have been focused on follow-up of Segele Extension Possible pyroxenite outcrops previous trenching Resource Drilling Quartz-carbonate veins Applitic dykes • Two targets
Slide 19: Joru Central Status
Joru Central Status First Detailed Investigation of the Joru Target Joru Core Drilling Completed A total of 2.264m of core drilling has been completed at the Joru target – 695 samples awaiting assay Significant Intersections: 28.10g/t over 0.85m and 20g/t over 0.75 in drill hole JODD03 29.10
Slide 20: Table of Contents
Table of Contents I Introduction II Operational update III Financial update IV Q&A 20
Slide 21: Income statement – Group
Income statement – Group Comments to figures All P&L related to operations in Sweden and Norway • Other expenses mainly relate to consulting services such as accounting, audit and legal • Personnel costs are primarily salaries for fixed employees • The positive result of SEK 227 216 for the period i
Slide 22: Balance sheet – Group
Balance sheet – Group 22 • Strong cash position • No external debt • Fixed assets relate to operational activity in Ethiopia
Slide 23: Cash flow – Group
Cash flow – Group Comments to figures • Cash flow from operating activities relate to operations in Sweden and Norway • Change in working capital during the period relates to all entities • Cash flow from investing activities relates to operational activities capitalised in Ethiopia • Translation di
Slide 24: Key metrics
Key metrics Meters drilled (RC+DDH) 1.244 1577 - 1292 5,420 Accumulated 1.501 4.570 2.814 4391 5.061 5,061 6.353 1773 Assays samples generated 497 29 439 47 132 - 283 2,051 (incl @AQC) Accumulated 4092 4921 4,560 2,036 2.168 2.168 2,451 4502 Inferred Resources ounces na na na na 52.410 52.410 52,410
Slide 25: Company Highlights
Company Highlights Potential to establish significant gold resources Attractive and well-established mining jurisdiction Experienced team and attractive corporate set-up Strategy of high-impact exploration and boutique mining 25
Slide 26: Q&A
Q&A 26 26