Akobo Minerals Ab · OSL:AKOBO

Akobo Minerals Ab — OTC Markets Precious Metals Conference 2023

16 slides from Akobo Minerals Ab's conference presentation, Dec 6, 2023

1. Slide 1: Akobo Minerals

   Akobo Minerals OTC Markets Precious Metals Conference December 6th, 2023 Euronext – AKOBO OTCQX – AKOBF www.akobominerals.com

2. 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,

3. Slide 3: Scandinavian based Ethiopian gold exploration and mining company

   Scandinavian based Ethiopian gold exploration and mining company Corporate Foundation Ethical Local Presence Cost-Efficient Operations • Established and robust corporate • Strong local foothold rooted in • Implementation of low-cost and foundation facilitating ongoing principles of ethics, transpare

4. Slide 4: Significant exploration and high margin gold production potential

   Significant exploration and high margin gold production potential Segele Mineral Resource estimate by SRK • Indicated Mineral Resources alone of 41.000 oz gold @ 40,6g/t • Inferred and Indicated Mineral Resource of 68.811oz gold @ 22,7g/t Au • Still open at depth • Near mine targets High margin gold

5. Slide 5: More than a decade of experience in the Akobo region

   More than a decade of experience in the Akobo region 2010 2010-19 2020 2021 2022 • Akobo Minerals • Significant exploration • Renewed exploration • Established resource • Signed contract with established work done on the license license for three additional estimates on Segele and process plant prov

6. Slide 6: Doing It Right – an integral and vital part of the company

   Doing It Right – an integral and vital part of the company Award winning ESG program developed with Sazani Associates - Sustainable Resource Plan Winner of the INDABA ESG Nature award in 2023 2 times runner up as ESG explorer of the year at M&M London Technology-driven solutions that enable communit

7. Slide 7: Slide 7

8. Slide 8: Mineral Deposits in the Arabian Nubian Shield (ANS)

   Mineral Deposits in the Arabian Nubian Shield (ANS) ▪ The ANS has been exploited for gold since the Pharaohs of Ancient Egypt ▪ The ANS is similar to mining prolific Precambrian shields of Australia and Canada ▪ ANS is a large, underexplored area of Precambrian terrane ▪ Akobo Minerals is centred al

9. Slide 9: Akobo is “low-hanging fruit” for modern gold exploration

   Akobo is “low-hanging fruit” for modern gold exploration  1,000 kg extracted by hand in 18 months1 immediately above the Segele Part of the Arabian Nubian shield – home to gold underground mine (production imminent)  Lega Dembi project 400 km to the East • Main Ethiopian gold producer for 20+ year

10. Slide 10: Exploration targets

    Exploration targets West Segele (WS) Exploration Licence: 182km2. Mining Licence 16km2 Gingibil Deep and Surface (GD, GS) • Gold rich sheared ultramafics • Widespread Visible Gold at surface • 601m of trenching • Positive grades from surface bulk sampling • Drilling successfully intersecting deeper

11. Slide 11: 1.5 – 2 million ounces– Tipping the table towards success

    1.5 – 2 million ounces– Tipping the table towards success A N S A N S A N S A Gold A N N S K S M Copper A N W S J A S N S S G Nickel A N B S S A S 1 H N S B G Cobalt A 2 S D $ N B A N S 3 B Lithium S B J A 4 C N A N S W W S 3 4 Opportunistic A N W S W 2 and A N S 1 Commodity A N 1. Prioritisation un

12. Slide 12: Bonanza grade intersections caught our attention

    Bonanza grade intersections caught our attention ▪ Pictures from drill hole SEDD03 ▪ Picture to the left shows the core taken at 40,0- 40,4 meters ▪ Picture to the right is from the end at 40,4 meter, after split of the core in 4 parts ▪ All yellow is gold ▪ Grade in this 40cm section, reported by A

13. Slide 13: The Segele deposit

    The Segele deposit Artisanal pits 8.9g/t 12.9g/t 6.2g/t 88g/t Key metrics  Total mineral resource 69,000 oz, 22,7 g/t New Drill Targets  Indicated resource 41,00 oz, 40,6 g/t  AISC USD 243/oz Core Drilling Holes  Conservative 81% extraction rate Inferred Mineral Resource  10 t/h plant – upgrada

14. Slide 14: Mining Operations

    Mining Operations First gold was extracted from the Western Winze Nov. 27 • Upper left: Morning meeting for the mine team. • Lower left: Artisanal miner's hole coming down to the mine from the hang-wall. • Right: Investigating the face for gold after cleaning.

15. Slide 15: Main Plant Status

    Pilot Plant Key metrics ▪ 6 t/shift throughput Main Plant Status ▪ 50% recovery of gold • All major structures erected ▪ Fully installed and manned. ▪ Expansion options being investigated • Most plant pipework completed • Remaining tasks: electricals, generator-setup with diesel Main Plant Key metri

16. Slide 16: Key takeaways

    Key takeaways  International recognised ESG program in place  Long-term visibility with current exploration and mining licenses in place 1. Short term – deliver on strategy - exploration company supported by boutique mining operations  Processing capacity available 2. Medium term – establish a so

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