Akobo Minerals Ab · OSL:AKOBO
Akobo Minerals Ab — Q1 2025 Earnings Presentation
18 slides from Akobo Minerals Ab's earnings presentation, Jun 26, 2025
Slide 1: First quarter 2025 presentation
First quarter 2025 presentation AKOBO MINERALS AB (publ) 26th June 2025 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: Akobo Minerals – an Ethiopian gold producer
Akobo Minerals – an Ethiopian gold producer Operating in Ethiopia • Exploration and mining licenses in the Gambella region and Dima Woreda • Over 15 years of continuous, on-the-ground presence • Strong local foothold based on ethics, transparency, and communication • Listed on Euronext Growth, Oslo
Slide 4: Latest key events
Latest key events Record High Gold Price • Gold remains at historically high levels, driven by global uncertainty and increased demand for safe- 20.5 kg smelted to date haven assets • Continues to support Akobo Minerals’ near-term production strategy Strong momentum from mining operations Mining Pro
Slide 5: Current mining operations
Current mining operations Production Status • Two blasts per day now regularly executed • Daily production reaching 15–20 tons • Monthly production potential of 400–500 tons • Mining progressing into higher-grade, higher-tonnage areas Gold concentrate • Access established to multiple high-grade zone
Slide 6: Gold production and sales
Gold production and sales Gold Inventory Build-Up • A small gold stockpile is being established in tailings, to be recovered during future CIL plant startup Purity and Recovery Optimization • The existing ILR setup was not optimal for processing lower-grade material affecting the purity • Transition
Slide 7: ESG, Health and Safety
ESG, Health and Safety Environmental Monitoring ▪ Wastewater & TSF: Regular sampling and testing; continuous water level monitoring ▪ Noise & Air Quality: Monitored in line with national and WHO standards Regulatory Compliance ▪ Annual environmental report submitted to EPA and Ministry of Mines ▪ Re
Slide 8: Exploration
Exploration Drilling ▪ Two diamond drill holes completed, totalling 143 metres, targeting the western extension of the Segele ore body ▪ Drilling temporarily paused due to rig breakdown Core Relogging ▪ Five previously drilled holes re-logged in detail ▪ Purpose: to refine geological, structural, mi
Slide 9: Update on funding processes
Update on funding processes Offtake Agreement ▪ Ongoing discussions with two large international buyers ▪ Potential deal value approximately USD 6 million ▪ Supported by strong relationships with Sutton Global and Monetary Metals Equity raise ▪ Coordinated with SpareBank 1 Markets (SB1M) All funding
Slide 10: Focus going forward
Focus going forward Operational Priorities ▪ Stabilise production at current levels with a focus on safety ▪ Strengthen on-site security and screening procedures ▪ Enhance processing efficiency and improve gold recovery ▪ Advance deeper development in the Eastern winze to unlock new high- grade ore
Slide 11: Financial performance overview
Financial performance overview All figures in mSEK P&L Development Equity & Debt Development 10,6 316,3 282,8 4,5 218,6 186,3 Q2-24 Q3-24 Q4-24 Q1-25 - 3,9 Q2-24 Q3-24 Q4-24 Q1-25 - 10,0 - 4,6 - 53,1 - 14,5 - 14,5 - 96,2 - 16,2 - 16,2 - 16,7 - 16,7 - 157,8 Revenues Op. ex EBITDA Equity Debt • The co
Slide 12: Corporate structure and top shareholders
Corporate structure and top shareholders Corporate structure and listing Transparent corporate structure Top shareholders Rank Shares % Name 1 20 050 509 10,66 % ATOLI AS • Stock listed on Euronext Growth in Oslo and 2 17 553 012 9,33 % Bernhd. Brekke A/S Frankfurt Stock exchange (ticker AKOBO) Akob
Slide 13: Financial update
Financial update &) AKOBOMINERALS 13
Slide 14: Key metrics
Key metrics — a a Ce ——— . . . . oe . : —— Lea te = — = —= oe = _ _ Total Resources ounces 68,000 68,000 68,000 68,000 68,000 ‘Longterm oan SEK wNcten. a | «| 0 a Employees intotalend quater 1 200 28 zs a Assays samples generated (cl QAQC) : ‘Accumulated 188. 158 150 158 198 AKOBOMINERALS 14
Slide 15: Income statement – Group
Income statement – Group Comments to figures • SEK 4.5 million gold sold to NBE • SEK 1.8 million in other expenses mainly relate to consulting services such as accounting, auditing and legal both in Norway and Sweden • SEK 6.3 million in other expenses mainly relate to mining activities in Ethiopia
Slide 16: Balance sheet – Group
Balance sheet – Group Comments to figures • Fixed assets are capitalised exploration costs and local mining equipment in Ethiopia • Long term debt is the 8,680 ounces gold loan from Monetary Metals and the NOK 25.5m convertible loan 16
Slide 17: Cash flow – Group
Cash flow – Group Comments to figures • Cash flow from operating activities relates to all entities • Cash flow from investing activities relates only to operational activities capitalised in Ethiopia • Translation differences relates to changes in foreign exchange values on bank deposits 17
Slide 18: Q&A
Q&A 18 18