Akobo Minerals Ab · OSL:AKOBO
Akobo Minerals Ab — SB1M Webinar 2021
16 slides from Akobo Minerals Ab's conference presentation, Oct 19, 2021
Slide 1: Webinar SB1M
AKOBOMINERALS Webinar SB1M 19.10.2021
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: Updates since Q2 report
Updates since Q2 report • Metallurgical Testwork Drilling Successful • TS Contracted for Environmental studies • Scoping Study Completed • Mining Licence Application Submitted • Third Rig Contracted • Result of testwork • Mining Licence Approved
Slide 4: Gold Exploration and Mining Company With Significant Gold Potential
Gold Exploration and Mining Company With Significant Gold Potential 11+ 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 fro
Slide 5: Exploration Has Identified Two Main Targets – one ready to be mined
Exploration Has Identified Two Main Targets – one ready to be mined 1 Segele 2 Joru Total of 5,000m of core and RC drilling completed Total of 2,200m of core and RC drilling completed Numerous bonanza grade intersections and open at depth 4-5 km of strike length with several drill ready targ
Slide 6: Overview of Licenses
Overview of Licenses Map of the License Areas License Details Located 710 km from the capital city Addis Ababa, connected by modern highway 182 km2 exploration license in South-Western Ethiopia NEW: Mining Licence Awarded granted by the Ministry of Mines and Petroleum License expires November
Slide 7: Good international press exposure
Good international press exposure
Slide 8: Current situation in Ethiopia
Current situation in Ethiopia • Federal Parliament Elections complete. • Prime Minister Abiy Ahmed’s Prosperity Party won 410 seats out of 436 in the federal parliament • New cabinet in place as of last week • Minister of Mines Takele Uma continues, with 2 new state ministers • For first time, PM Ab
Slide 9: Milestones achieved before time
Milestones achieved before time 2021 Q2 Q3 Q4 2022 Q2 Q3 Q4 2023 Q2 Q3 Q4 2024 ON TRACK Segele and Adjacent Area Drilling DONE Scoping Study DONE SSM Mining License Application Operational EARLY SSM PFS activity SSM DFS SSM Construction, Commissioning and Ramp up ON TRACK Joru Drilling EARLY Surface
Slide 10: Ramp up of activities
Ramp up of activities 8 000 7 245 45 6 648 39 7 000 40 5 718 35 32 33 6 000 30 5 000 4 141 23 23 25 4 000 17 2 828 2 897 20 3 000 15 2 000 10 1 000 5 - - Q1 Q2 Q3 Q4 Q1 Q2 Q1 Q2 Q3 Q4 Q1 Q2 Meters drilled acc Employees 5 000 4 506 • Three drill rigs in operation 4 054 • Expect to drill up to 8.000 n
Slide 11: Scoping Study Complete
“Estimate of 243 USD per ounce for all in sustaining cost Scoping Study Complete (AISC) vs 1.048 USD per ounce as mining industry average ” Metric Figure Notes Inferred Mineral Resource 78ktonnes@ 20.9g/t SRK MRE 6th April 2021. 52,410oz CAPEX USD 8.042m Factored, including USD 1.2m contingencies To
Slide 12: Scoping Study Complete: Corporate planning for low risk operations
Scoping Study Complete: Corporate planning for low risk operations Portal Construction Incline Shaft Development Stoping Operations CONTRACT MINING OPERATIONS All Hiring, Equipment Purchase and Training and Operations completed by experienced contractor First ore planned to be produced 11months Afte
Slide 13: Scoping Study Complete: Simple gold processing operations
Scoping Study Complete: Simple gold processing operations • Better than expected gold recovery of 97.2% achieved, as compared to 90% assumed in the Segele Scoping Study – directly improving expected future revenue • The testwork confirms that good recovery is possible from a very simple industry sta
Slide 14: Environment, Society and Governance
Environment, Society and Governance • Environmental and Social Impact Assessment Underway • Complete Baseline Survey (Environment) Oct • Complete Baseline Survey (Social) Oct • Completion of Draft ESIA Report Nov • Submit the draft ESIA to EFCCC Nov • Receive ESIA Clearance Dec • Sustainable Natural
Slide 15: 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 mining operations 16
Slide 16: Q&A
Q&A 17 17