Akobo Minerals Ab · OSL:AKOBO
Akobo Minerals Ab — Investor Presentation (February 2024)
27 slides from Akobo Minerals Ab's investor presentation, February 2024
Slide 1: Akobo Minerals Company update
Akobo Minerals Company update February 2024 Euronext – AKOBO OTCQX – AKOBF www.akobominerals.com
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 Euronext Growth (Oslo). This presentation has not been approved or reviewed by, or registered with, any public authority or sto
Slide 3: 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 mining company in Oslo, Norway Exploration and mining licenses held in the Gambela region and Dima Woreda, Ethiopia The leading gold exploration company in Ethiopia t
Slide 4: … with significant gold production potential
… with significant gold production potential Exploration since 1939 with consistent results Location of license in Akobo, Ethiopia No previous modern mining undertaken in the region 182 km2 exploration license An attractive gold-mining jurisdiction 710 km from Addis 16 km2 mining license Potential f
Slide 5: The only modern explorer in the overlooked Southwest Ethiopia
The only modern explorer in the overlooked Southwest Ethiopia 114 1100 83 900 63 43 Ethiopia Universities in country Population (m) Land area ('000,000 km2) Kenya 2700 12 Ethiopia is Modern Exploration Skills considered a highly + overlooked Tanzania Modern Exploration Technology exploration region,
Slide 6: Akobo is a «low-hanging fruit» for modern gold exploration
Akobo is a «low-hanging fruit» for modern gold exploration From pure-play exploration to an New Near-Mine Akobo Exploration Ethiopia-wide Mineral Resources Upside Expansion expansion established mining company 1. Bulk sampling under Aim to increase the Many opportunities for Segele Mine way to ident
Slide 7: High margin cash flow from operations at Segele – USD 58 million
High margin cash flow from operations at Segele – USD 58 million Project financials and key assumptions Yearly operational cash flow from production Segele project financials Value 58.5 Gold price 1,950 USD/oz NPV of cash flow from operations @12.0% USD 48 million 34.4 Period 4 years Recovered ounce
Slide 8: 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
Slide 9: Lean organizational setup with vast complementary experience
Lean organizational setup with vast complementary experience Jørgen Evjen Helge Rushfeldt Dr. Matt Jackson Dr. Cathryn MacCallum Tesfaye Medhane Chief Executive Officer Head of Mining Operations Chief Operational Officer Head of ESG General Manager (Etno) More than 20 years experience Experience fro
Slide 10: Strong ESG policy and active involvement with the local community
Strong ESG policy and active involvement with the local community Dedicated to support the need for responsible resource Sustainable Natural Resources stewardship Management Plan (“SNRMP”) Development of a structure for managing • Akobo Minerals is dedicated to supporting the local community through
Slide 11: 182 km2 exploration and 16 km2 mining license with vast resource potential
182 km2 exploration and 16 km2 mining license with vast resource potential Map of the license Area Attractive licenses recently awarded and renewed Licenses granted by the ministry of Mines and Petroleum ensures Akobo Minerals the following: ✓ The right to continue exploration in the 182 km2 for a m
Slide 12: The Segele deposit has highly attractive resource extension potential
The Segele deposit has highly attractive resource extension potential Artisanal pit 8.9g/t 12.9g/t 6.2g/t 88g/t Key metrics New Drill Targets ▪ Total Mineral Resource 69 kOz, 22,7 g/t Core Drilling Holes ▪ Indicated resource 41 kOz, 40,6 g/t ▪ AISC USD 243/oz (from early scoping study) Inferred Mine
Slide 13: To be extracted by using basic and well-known mining operations
To be extracted by using basic and well-known mining operations The ore will be accessed by Area map of Segele an incline shaft, currently planned to be 290m in length, reaching a vertical depth of 160m below surface. Easily Airstrip extendable to reach deeper Segele ore at low incremental cost Reso
Slide 14: Tailored process plant designed to process 10 tons of mass per hour
Tailored process plant designed to process 10 tons of mass per hour Main plant ✓ Tailored to possess the highly Cyanidation gold rich Segele mine ore with and inferred and Indicated Mineral Resource Estimate of 69 kOz gold @ 22.7 g/t ✓ Significantly higher than expected grade of 31.03 g/t seen from
Slide 15: First part of main plant commissioning underway
First part of main plant commissioning underway 1 2 Crushing circuit Water tanks Mill and gravity tower 1 CIL tanks Gold room/lab Thickeners 2 Cyanide destruction system Source: Company information 23 Note: Section provided is for illustrative purposes, schematic and not to scale
Slide 16: Several attractive exploration targets identified
Several attractive exploration targets identified West Segele 10km (approximate) 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 intersectin
Slide 17: 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 18: 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 Exploring the right Tipping the table to Affordable Segele mine technology and places success logistics
Slide 19: Growth strategy leveraging 13 years of local knowledge and experience
Growth strategy leveraging 13 years of local knowledge and experience A N S A N S A N S A N Gold A N S K S M A Copper A N S J W N S S S G Nickel A N B S S A S 1 H N S B G Cobalt A N S B 2 S D $ A N 3 B Lithium S B J A 4 C N A N S W W S 3 4 Opportunistic A N W A S W 2 and N S 1 Commodity A N 1. Prior
Slide 20: High activity level and numerous triggers in the near term
High activity level and numerous triggers in the near term Q4 2024 Q2 Q3 Q4 2025 Q2 Q3 Q4 2026 Q2 Q3 Q4 2027 Phase 1. Segele Ore Phase 2: Segele and Shallow Gingibil Ore Phase 3: Extended Segele and Gingibil Ore Processing Plant Processing Plant Upgrade from 10t//hr to 20t/hr EPCM Large Scale Gingib
Slide 21: Key takeaways
Key takeaways Large-scale mining license with vast resource potential in an attractive mining jurisdiction Long-term visibility with current exploration and mining licenses in place Experienced team and attractive corporate setup with a dedicates strategy of “doing it right” Established player with
Slide 22: Main mineralization types found within existing license area
Main mineralization types found within existing license area I. High-grade gold I. Extensive veins of gold I. Outcropping quartz veins of mineralization (up to bearing quartz veins (cm- considerable size (meter- >10.000 g/t) in pervasively dm) in quartzofeldspathic tens of meters), showing altered a
Slide 23: Exploration targets – West Segele
Exploration targets – West Segele Key Facts Sheared ultramafic rocks with gold nuggets - analogous to those rocks which surround 24 gram gold nugget found the Segele Bonanza in West Segele Trench Mineralisation 1.5km from Segele mine and Processing 601m of trenching completed 40-line kilometres of g
Slide 24: Exploration targets – Gingibil: tangible and prospective
Exploration targets – Gingibil: tangible and prospective AT SURFACE Mineralised quartz float. Low-cost, low-risk target AT DEPTH 30m Mineralised quartz 30m veins. Growth target Gingibil Key Facts 10min drive from Segele Processing Plant to Gingibil Bulk Sampling has produced gold from surface (1.8 –
Slide 25: Joru Central Target
Joru Central Target Detailed Investigation through core drilling Joru Core Drilling Completed ▪ A total of 2.264m of core drilling has been completed at The Joru target has the potential to be a large-low the Joru target – 695 samples awaiting assay grade (1-2g/t) mineral deposit with high grade cor
Slide 26: Novel award winning technology – to fill the funnel faster
Novel award winning technology – to fill the funnel faster DetectOre Key Facts ▪ Shortens assay turnaround from months to days – faster decisions, faster discovery. ▪ Uses proprietary sample digestion to enable high quality analysis with hand-held XRF ▪ Not JORC compliant (yet), but minimizes sample
Slide 27: Akobo Minerals
&) AKOBOMINERALS
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