Akobo Minerals Ab · OSL:AKOBO
Akobo Minerals Ab — Investor Presentation (May 2021)
32 slides from Akobo Minerals Ab's investor presentation, May 25, 2021
Slide 1: Company Presentation
Company Presentation 25 May 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, Resources and Mineralization III Business Plan 3
Slide 4: Gold Exploration Company With Significant Gold Reserves Potential
Gold Exploration Company With Significant Gold Reserves Potential 10+ years on-the-ground experience Location of License in Akobo, Ethiopia Experienced team and good relationship with local authorities 182 km2 exploration license in Akobo, Ethiopia An attractive gold-mining jurisdiction 710 km from
Slide 5: Company Highlights
Company Highlights Potential to 8,455m drilled in total and first inferred resource estimate recently announced – 52,410oz Au @20.9g/t1 1 establish significant Large resource potential to be targeted through a well-defined drilling program in 2021-23 gold reserves Several potential low-cost de
Slide 6: Corporate Structure and Shareholders
Corporate Structure and Shareholders Corporate Structure Shareholder Overview Shareholder # of shares % ownership Akobo Minerals AB (publ.) Pir Invest Holding AS 5 257 536 15,2 % Nautilus Invest AS 2 970 065 8,6 % Bernhd. Brekke A/S 2 547 450 7,4 % 100% Kørven AS 1 785 926 5,2 % Jørn Christiansen 1
Slide 7: Lean Organizational Set-up with Significant Experience
Lean Organizational Set-up with Significant Experience Extensive Track-Record of Exploration in Ethiopia Well-Established Local Organization Experienced management team Salaries With over 10 years of on-the-ground exploration experience in Ethiopia and Competitive but not market leading good relatio
Slide 8: Overview Management Team and BoD members
Overview Management Team and BoD members Group Management Etno Mining Management Board of Directors Jørgen Evjen – CEO Tesfaye Medhane – GM & COO Hans Olav Torsen – Chairman of the Board Experienced manager and leader with extensive 14 years of international and Ethiopian exploration Experienc
Slide 9: Akobo History and Key Milestones
Akobo History and Key Milestones 2010: Company established 2020 and 2021 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 Bonanza grades discovered A
Slide 10: 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 Growing at an average rate of 9.7% between 2009 and 2019 makes Ethiopia one of the fastest growing economies1 The new government (since 2018) has taken a strong stance ag
Slide 11: Akobo is “Low-Hanging Fruit” for Modern Gold Exploration
Akobo is “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 Legadembi proj
Slide 12: Akobo Minerals is Well-Established in the Akobo Area
Akobo Minerals is Well-Established in the Akobo Area Built a 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 good infrastructure – most of the 710 km essential groundwork in the process o
Slide 13: Strong ESG Policy and Active Involvement With the Local Community
Strong ESG Policy and Active Involvement With the Local Community Sustainable Natural ESG Plan Resource Management Plan SAZANI WORKS GLOBALLY TO SUPPORT ENABLING EFFECTIVE MANAGEMENT SUSTAINABLE LIVELIHOODS OF THE NATURAL RESOURCES THE HOST COMMUNITIES DEPEND UPON Sazani is an international not-fo
Slide 14: Table of Contents
Table of Contents I Company Overview II License, Resources and Mineralization III Business Plan 14
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Slide 16: Overview of License
Overview of License Map of the License Area 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
Slide 17: Exploration Has Identified Two Main Targets
Exploration Has Identified Two Main Targets 1 Segele 2 Joru 595m of RC drilling and 4,555m of core drilling completed 1,325m RC drilling and 852m of core drilling completed to date Numerous bonanza grade intersections and open at depth 4-5 km of strike length with several drill ready targets
Slide 18: The Segele Deposit
The Segele Deposit Segele Comments Artisanal mining The gold zone is about 150m from the outcrop at surface to the deepest drill-intersection, from 5-20m thick and about 30m wide Recently announced resource estimate gives 78,000t @20.9g/t Au for 52,410 Oz, inferred resources The zone is open a
Slide 19: Resource Growth Adjacent to Segele
Resource Growth Adjacent to Segele Segele Open Host sequence • Only a small portion of the Test trenches host sequence has been Drill holes drill tested Potential for additional Assays ore shoots pending Outline of current resource • Trenches indicate a long and continous host sequence to the west w
Slide 20: Resource Growth Adjacent to Segele
Resource Growth Adjacent to Segele Segele Host sequence • Plan view of the Test trenches Segele resource Drill holes model, note the relatively small area covered compared to the extent of the host sequence Segele block model grades • The past artisanal mining activity can < 0.00 be recogniced from
Slide 21: Exciting potential in the wider Segele area
Exciting potential in the wider Segele area Segele Segele Area Map Comments Shear zones Initial exploration work in the surrounding 500-1,500m Possible pyroxenite outcrops has uncovered possible pyroxenite outcrops which Quartz-carbonate veins share some of the characteristics of the Segele Deposi
Slide 22: Recent Landmark Resource Estimate Verifies Potential
Recent Landmark Resource Estimate Verifies Potential Segele Mineral Resources as of 6 April 2021 JORC Mineral Resource Estimate Summary Classification Cut-off Ktonnes Au Au (Au g/t) (g/t) ounces The April 2021 Segele Gold Deposit Mineral Resource estimate has been Measured ≥0.5 0 0 0 classified in a
Slide 23: The Joru Deposit Has Identified Significant Trench Results
The Joru Deposit Has Identified Significant Trench Results Joru Trenching Results Joru Geology Map Trench Grade Intersection (g/t) length (m) JOTR001 1.3 2 JOTR002 1.3 2 1.1 4 2.2 2 JOTR004 1.3 1 1.4 2 JOTR005 1.1 2 JOTR013 9.6 1 Trench 12 + Trench 17: Continuous 1.9 1 section 69m @ 1.45ppmAu. Withi
Slide 24: Joru Central Drilling
Joru Central Drilling Joru First Detailed Investigation of the Joru Target Joru Core Drilling Disseminated sulphide mineralization and a highly encouraging Silica-Sericite-Carbonate alteration assemblage and has been intersected in all holes Fine grained visible gold seen at 39.5m and 142.2 dept
Slide 25: 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 Hole Length (m) Grade (g/t) Excellent potential to be a large-scale low-grade JORC001 1 0.5 mineral deposit with high grade cores JORC001 2 1.3 ‒ Drilling with the objective of def
Slide 26: Table of Contents
Table of Contents I Company Overview II License, Resources and Mineralization III Business Plan 26
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Slide 28: Strategy Focused on Monetizing High-Impact Exploration
Strategy Focused on Monetizing High-Impact Exploration Clearly-Defined Strategy of Proving Resources Market and Financing Strategy Clearly-defined strategy of building a material portfolio of gold NOK 37m raised in capital during 2020 and shares are currently resources through high-impact explor
Slide 29: Potential for High Cash Flow From Small Scale Mining at Segele
Potential for High Cash Flow From Small Scale Mining at Segele Soft Factors Standard Process Positive indication and support from Ethiopian government Small-Scale Mining License Application Ore body close to surface Studies to provide OPEX and CAPEX estimates. ASM has mined by hand 1.000 k
Slide 30: High Activity Level and Numerous Triggers in the Near Term
High Activity Level and Numerous Triggers in the Near Term 2021 Q2 Q3 Q4 2022 Q2 Q3 Q4 2023 Q2 Q3 Q4 2024 Segele and Adjacent Area Drilling Scoping Study SSM Mining License Application Operational SSM PFS activity SSM DFS SSM Construction, Commissioning and Ramp up Joru Drilling Surface Exploration
Slide 31: Highly Successful Exploration and Resource Definition
Highly Successful Exploration and Resource Definition Segele May Be in the Top Tier of High-Grade Gold Mines Highly Successful Exploration 25,0 800 Segele Grade (Au gpt) Cash cost (USD/oz) 21,5 Potentially high cash flow small-scale mining 20,9 700 20,0 ‒ Scoping Study Underway 17,6 17,5 600 ‒ Sma
Slide 32: Company Highlights
Company Highlights Potential to establish significant gold resources Attractive and well-established mining jurisdiction Experienced team and attractive corporate setup Strategy of high-impact exploration and small-scale mining 32