Akobo Minerals Ab · OSL:AKOBO
Akobo Minerals Ab — Investor Presentation (February 2026)
11 slides from Akobo Minerals Ab's investor presentation, Feb 19, 2026
Slide 1: Akobo Minerals - From explorer to producer in Ethiopia
AKOBO MINERALS - From explorer to producer in Ethiopia Aktiespararne 19th February 2026 Euronext – AKOBO OTC – 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: Scandinavian-based Ethiopian Gold Producer and Explorer
Scandinavian-based Ethiopian Gold Producer and Explorer ▪ First international gold mine to start production in Ethiopia since 1993 ▪ One of the very few juniors to progress from discovery to production ▪ Small high-grade deposit, developed over 15 years from pure greenfield into a producing mine 3.0
Slide 4: Segele High Grade
Segele High Grade ▪ Segele grade remains far above typical gold mines, supporting low unit costs and stronger margins ▪ Segele Mineral Resource (SRK, April 2022) • Indicated: 41,000 oz @ 40.6 g/t • Total: 68,811 oz @ 22.7 g/t ▪ First high-grade gold production started in Oct 2024 ▪ Open at depth wit
Slide 5: Ethiopia – Positive Investment Climate
Ethiopia – Positive Investment Climate ▪ Mining positioned as a core pillar in national economic development ▪ Mining prioritised at federal level ▪ Offshore account established ▪ First gold export to LBMA refinery in preparation ▪ FX convertibility in place ▪ Operating successfully within existing
Slide 6: Responsible Operations – Doing it Right
Responsible Operations – Doing it Right ▪ Safety, environmental and compliance standards embedded in operations ▪ Underground mine with low environmental footprint ▪ Gravity based processing ▪ Predominantly Ethiopian workforce ▪ Workforce training supported by experienced expats 6
Slide 7: Current Operations
Current Operations ▪ Steady production of 6–8 kg per month, USD 0.9–1.3 million per month ▪ Operational break-even per month around ~4 kg ▪ Cash-flow positive operations ▪ Gravity-only yielding ~86% recovery and 22-23 karat purity ▪ Tailings facility preparations for future CIL start up
Slide 8: Vertical shaft development
Vertical shaft development ▪ Fully funded and development underway, 80m left to sink ▪ No major equipment procurement risk ▪ Capacity increase 10 – 20 tpd → 100 – 150 tpd ▪ Designed for up to ~50 kg gold/month ▪ Increased monthly gold sales from ~USD 1 million to ~USD 8 million at full ramp-up capac
Slide 9: Geological Potential and Growth Pipeline
Geological Potential and Growth Pipeline ▪ Under-explored greenstone belt ▪ First-mover position in a favourable greenstone belt ▪ Multiple gold occurrences on existing licences GINGIBIL ▪ Pending 1,200 km² Gilo licence ▪ District-scale optionality 9
Slide 10: Development of gold loan and cash flow with increased gold price
Development of gold loan and cash flow with increased gold price Assumptions and rough estimates for pre-tax cash generation FOR ILLUSTRATION ▪ Ounces gold loan 10 000 ▪ Ounces produced 69 000 ▪ Cost assumption of USD 1,500/oz (industry reference level) Illustration ▪ Gold price from USD 3,500/oz to
Slide 11: How to Trade Akobo Minerals Shares (AKOBO)
How to Trade Akobo Minerals Shares (AKOBO) The share is listed on Euronext Growth Oslo (ISIN: SE0015193412, ticker: AKOBO). Nordic investors can trade via: – Avanza Bank – Nordnet Bank AB – Other Nordic banks with Oslo membership For international investors: – Saxo Bank – Interactive Brokers (IBKR)
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