Akobo Minerals Ab · OSL:AKOBO
Akobo Minerals Ab — Q1 2024 Earnings Presentation
27 slides from Akobo Minerals Ab's earnings presentation, Jun 27, 2024
Slide 1: Q1 Operational update
Q1 Operational update AKOBO MINERALS AB (publ) 27.06.2024 Euronext – AKOBO OTCQX – AKOBF www.akobominerals.com
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 Q&A 3
Slide 4: Operational update highlights
Operational update highlights Completion of Tailings Storage Facility (TSF), Diesel infrastructure, Electrical work and Piping Phased commissioning started at site by Universal Power Africa and Solo Resources Successful synchronization, testing and operation of all generators Completion of pro
Slide 5: Akobo Minerals is an exploration and mining company
Akobo Minerals is an exploration and mining company Akobo Minerals is a Scandinavian-based gold exploration Listed on Euronext Growth in Oslo, Norway mining company Exploration and mining licenses held in the Gambella region and Dima Woreda, Ethiopia The leading gold exploration company in Ethiopia
Slide 6: … with significant gold production potential
… with significant gold production potential 182 km2 exploration license • An attractive gold-mining jurisdiction 710 km from Addis • Ambition of developing world class deposits of 1.5 to 2 Moz • Several targets identified with high volume potential 16 km2 mining license • Potential for significant
Slide 7: 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 Natural Resource Management 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 t
Slide 8: Environmental Social and Governance
Environmental Social and Governance Akobo Minerals continues to stand out as a junior exploration and mining company that sees ESG as an essential and embedded part of its operations, demonstrated through: ▪ Co-developing the tailings plan and to include innovate solutions such as constructed wetlan
Slide 9: Looking forwards
Looking forwards ▪ Completed and submitted our annual report to the Ethiopian Environmental Protection Agency ▪ Initiated development of a mine closure plan and registered with the Science Based Targets initiative to support a zero- carbon economy ▪ Hiring of environmental performance coordinator to
Slide 10: Table of contents
Table of contents I Introduction II Operational update III Q&A 10
Slide 11: Mining operations
Mining operations Mine development ▪ Eastern Winze Length: 66 m (of 77 m before cross-cut to Western winze) Will reach ore body in Eastern Winze any day now! ▪ Western Winze Length: 53 m (of 65 m) Then start crosscutting and stoping ▪ Incline Shaft Length: 52 m (of 202 m before cross-cut to other wi
Slide 12: Mining operations – new mine plan
Mining operations – new mine plan Key mine metrics Total Mineral Resource 69 kOz, 22,7 g/t Indicated resource 41 kOz, 40,6 g/t AISC USD 243/oz (early scoping study) Conservative 81 % extraction rate 10 t/h plant capacity Peak production rate 4,000 oz/month Excellent resource extension po
Slide 13: Blasting in the Eastern Winze
Blasting in the Eastern Winze First picture: marking the wall where to drill, second picture: loading explosives into borehole after drilling. 13
Slide 14: Processing Plant
• Plant construction completed Processing Plant • Commissioning started • Plan to start production in July 14
Slide 15: Plant construction completed
Plant construction completed Completed TSF Key Recent Developments with fencing ▪ The plant completed as of 26th June ▪ Major recent developments: • TSF lining completed and; • TSF facility with fencing approved by ESG • MCC (motor control centre) wiring completed • Water pipeline to factory laid do
Slide 16: Commissioning started
Commissioning started Key Recent Developments ▪ Pre commissioning started in May (filling tanks etc.) ▪ Generator commissioning started 25th June ▪ Plant commissioning started 25th June ▪ Mill running 27th June Going Forward Commissioning of generators on site ▪ Cold commissioning expected to contin
Slide 17: Plant ready
Plant ready ▪ To the left: crushing circuit completed ▪ To the right: plant ready for commissioning 17
Slide 18: Fuel and imports – challenges overcome
Fuel and imports – challenges overcome Recent fuel solutions Ongoing fuel improvements ▪ 20,000 liter fuel truck engaged to receive fuel from capital ▪ 60,000 liter site storage capacity completed ▪ Agreement with National Oil Corporation ▪ Twice monthly deliveries of 50,000 liters FUEL AND IMPORTS
Slide 19: Fuel and imports – challenges overcome
Fuel and imports – challenges overcome Recent Import Solutions Future Improvements ▪ Single expeditor engaged to manage preparation of export/import ▪ Upskilling of staff in accurate request writing to decrease lead time paperwork and transport. Reduce complexity and reduces cost. with 3rd party pro
Slide 20: DRA - A global, diversified engineering services group
DRA - A global, diversified engineering services group 20
Slide 21: DRA – Engaged to accelerate mining and supply chain
DRA – Engaged to accelerate mining and supply chain Q1 2024: Technical Due Diligence Assessment Full technical review of mine viability on behalf of lenders • Ensure that demand planning is set up and managed properly • Assist with the capital purchases Supply Chain Consulting • Identify risk areas
Slide 22: Several attractive exploration targets identified
Several attractive exploration targets identified West Segele Gingibil Deep and Surface (GD, GS) • Gold rich sheared ultramafics • Widespread Visible Gold at surface • 601m of trenching • Positive grades from surface bulk sampling Segele Hilltop • Drilling successfully intersecting deeper • 423m dri
Slide 23: West Segele – ready to drill
West Segele – ready to drill West Segele Drill Planning completed 1.5km from Segele mine 24g gold nugget found in West Segele Trench Sheared ultramafic rocks with gold nuggets - analogous to those rocks which surround the Segele Bonanza Mineralisation Similar contact zones to the Segele Mine
Slide 24: Part of the Arabian Nubian shield – home to gold
Part of the Arabian Nubian shield – home to gold One of the least explored Precambian terranes world-wide1 A total of 48 million ounces of gold resources and reserves so far defined1 Exceptional geological setting with potential to host numerous mineral deposit styles.1 Ma’aden2 • 335,207 ou
Slide 25: Clearly defined strategy to move from exploration to mining
Clearly defined strategy to move from exploration to mining Mining of the Segele deposit Exploration growth strategy Potential to accelerate the current exploration plan with cash-flow from the Affordable Exploring the right Tipping the table to Segele mine technology and places success logistics
Slide 26: Table of contents
Table of contents I Introduction II Operational update III Q&A 26
Slide 27: Q&A
Q&A 27 27