Akobo Minerals Ab · OSL:AKOBO
Akobo Minerals Ab — Q1 2022 Earnings Presentation
24 slides from Akobo Minerals Ab's earnings presentation, May 23, 2022
Slide 1: Q1 Presentation 2022
Q1 Presentation 2022 AKOBO MINERALS AB (publ) - 23.05.2022
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: Table of Contents
Table of Contents I Introduction II Operational update III Financial update IV Q&A 3
Slide 4: Key events first quarter 2022
Key events first quarter 2022 Events during first quarter Events after the period • Awarded extension of exploration license • Solo Resources (Pty) Ltd contracted for delivery of a • Construction and approval of airstrip processing plant for production of gold at the Segele mine • Hiring of Dr Cathr
Slide 5: Akobo is “low-hanging fruit” for modern gold exploration
Akobo is “low-hanging fruit” for modern gold exploration A New Frontier for Gold Exploration Part of the Arabian Nubian shield – home to gold Located in the Western Ethiopian Shield, an ancient mining region largely ignored by modern exploration 1,000 kg extracted by hand in 18 months1 Legadem
Slide 6: Gold Exploration and Mining Company With Significant Gold Potential
Gold Exploration and Mining Company With Significant Gold Potential Exploration since 1940 with consistent results Location of License in Akobo, Ethiopia No previous modern mining undertaken in the region 182 km2 exploration license – recently renewed An attractive gold-mining jurisdiction 710 km fr
Slide 7: Mining and exploration license awarded – major milestones
Mining and exploration license awarded – major milestones 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 minimum of 3 years
Slide 8: Segele Resource Estimate Verifies Outstanding Potential
Segele Resource Estimate Verifies Outstanding Potential Mineral Resources as of 22 April 2022 Definition of grading (gold grams per tonne)1 Classification Cut-off grade 1 Ktonnes Au Gold Ounces Open Pit Open Pit Underground Mine (Au g/t) (g/t) (kOz) Low grade 0 – 0.5 gold grams per tonne 0 – 0.5 gol
Slide 9: Table of Contents
Table of Contents I Introduction II Operational update III Financial update IV Q&A 9
Slide 10: Uninterrupted operations and prudent ramp-up of activities
Uninterrupted operations and prudent ramp-up of activities Significant drilling activity Accumulated assays Employees 10,684 69 19,768 8,410 15,359 39 41 5,594 38 32 33 9,393 4,506 4,054 6,648 7,245 2,887 3,363 23 23 5,718 2,419 2,448 17 4,141 2,828 2,897 1Q'20 2Q'20 3Q'20 4Q'20 1Q'21 2Q'21 3Q'21 4Q
Slide 11: Corporate planning for low-risk operations
Corporate planning for low-risk operations Mine Entrance Construction Incline Shaft Development Stoping Operations CONTRACT MINING OPERATIONS All Hiring, Equipment Purchase and Training and Operations completed by experienced contractor First limited production expected before end 2022 with gradual
Slide 12: Basic and well-known gold mining operations expected
Basic and well-known gold mining operations expected Segele Map Area Comments • The ore will be accessed by an incline shaft, currently planned to Airstrip be 290m in length, reaching a vertical depth of 160m below Segele surface. Easily extendable to reach deeper ore at low Resource Area incrementa
Slide 13: Signed contract for delivery of processing plant – a fundamental milestone
Signed contract for delivery of processing plant – a fundamental milestone Commissioning expected to start end of Q1 2023 Cyanidation Crushing Circuit Key highlights Mills Tailored to process the highly gold rich Segele Mine ore with an Inferred and Indicated Mineral Resource Estimate of 69 kOz go
Slide 14: The Segele deposit – successful extension drilling ongoing
The Segele deposit – successful extension drilling ongoing Artisanal pit 8.9g/t 12.9g/t 6.2g/t 88g/t Key metrics Total Mineral Resource 69 kOz, 22,7 g/t New Drill Targets Indicated resource 41 kOz, 40,6 g/t Core Drilling Holes AISC USD 243/oz Conservative 81 % extraction rate Inferred Minera
Slide 15: Great potential from identified exploration targets in the Segele area
Great potential from identified exploration targets in the Segele area Trench 30 Comments Segele Resource Extension Drilling Visible gold and new mineralisation style identified from geology section in the area Segele Mine Project Also provides an improved 3D geological model to place the resour
Slide 16: Environment, Society and Governance
Environment, Society and Governance
Slide 17: Proposed Outputs and next steps
Proposed Outputs and next steps Akobo Minerals recognizes the importance of sound ESG performance in meeting its strategic and operational goals. As such, we are in the process of developing and implementing a series of measures that will enable Akobo Minerals to comply with sound international indu
Slide 18: Table of Contents
Table of Contents I Introduction II Operational update III Financial update IV Q&A 19
Slide 19: Income statement – Group
Income statement – Group Comments to figures All P&L related to operations in Sweden and Norway • Other expenses mainly relate to consulting services such as accounting, audit and legal • Personnel costs are primarily salaries for fixed employees • The result of SEK 372 799 for the period is primari
Slide 20: Balance sheet – Group
Balance sheet – Group 21 • Strong cash position • No external debt • Fixed assets relate to operational activity in Ethiopia
Slide 21: Cash flow – Group
Cash flow – Group Comments to figures • Cash flow from operating activities relate to operations in Sweden and Norway • Change in working capital during the period relates to all entities • Cash flow from investing activities relates to operational activities capitalised in Ethiopia • Cash flow from
Slide 22: Key metrics
Key metrics Metres drilled (RC+DDH) 1.292 5,420 4410 Accumulated 5,061 5,061 6353 1773 16.183, Assays samples generated 132 - 283 2,051 2.274 (incl Qaac) Accumulated 2.168 2168 2.451 4,502 6776 Inferred Resources ounces 52.410 52.410 52,410 52,410 52,410 ‘Avg grams per ton, 209 209 209 209 209 Metre
Slide 23: Company Highlights
Company Highlights Potential to establish significant gold resources Attractive and well-established mining jurisdiction Experienced team and attractive corporate set-up Strategy of high-impact exploration and boutique mining 24
Slide 24: Q&A
Q&A 25 25