Slide 1: Akobo Minerals – From explorer to producer in Ethiopia
AKOBO MINERALS - From explorer to producer in Ethiopia Mining Indaba 10th February 2026 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: Scandinavian-based Ethiopian Gold Producer and Explorer
Scandinavian-based Ethiopian Gold Producer and Explorer Strong corporate foundation to Strong local foothold after 15 Low-cost and flexible support continued growth of years of uninterrupted operations supported by cash resources and discovery of operations, developing solid flow from current mining
Slide 4: Akobo Minerals – Snapshot
Akobo Minerals – Snapshot ▪ First international gold mine to start production in Ethiopia since 1993 ▪ One of the very few juniors to progress from discovery to production 3.000 shareholders + Ethiopian ▪ Small high-grade deposit, developed over 15 years from pure greenfield into Investment Holding
Slide 5: Segele High Grade
Segele High Grade ▪ Segele grade remains far above typical gold mines, supporting low unit costs and stronger margins ▪ Segele Mineral Resource (SRK, April 2022) • Indicated: 41,000 oz @ 40.6 g/t • Total: 68,811 oz @ 22.7 g/t ▪ First high-grade gold production started in Oct 2024 ▪ Open at depth wit
Slide 6: Ethiopia – Positive Investment Climate
Ethiopia – Positive Investment Climate ▪ Mining positioned as a core pillar in national economic development ▪ Mining prioritised at federal level ▪ Offshore account established ▪ First gold export to LBMA refinery in preparation ▪ FX convertibility in place 6
Slide 7: Responsible Operations – Doing it Right
Responsible Operations – Doing it Right ▪ Safety, environmental and compliance standards embedded in operations ▪ Underground mine with low environmental footprint ▪ Gravity based processing ▪ Predominantly Ethiopian workforce ▪ Workforce training supported by experienced expats 7
Slide 8: Current Operations
Current Operations ▪ Steady production of 6–8 kg per month ▪ Operational break-even per month around ~4 kg ▪ Cash-flow positive operations ▪ Gravity-only yielding ~86% recovery and 22-23 karat purity ▪ Tailings facility preparations for future CIL start up
Slide 9: Vertical shaft development
Vertical shaft development ▪ Development underway, 80m left to sink ▪ Capacity increase 10–20 tpd → 100–150 tpd ▪ Designed for up to ~50 kg gold/month ▪ Replaces winzes | lower unit costs ▪ Target commissioning in Aug/Sept 2026 9
Slide 10: Geological Potential and Growth Pipeline
Geological Potential and Growth Pipeline ▪ Under-explored greenstone belt ▪ First-mover position in a favourable greenstone belt ▪ Multiple gold occurrences on existing licences GINGIBIL ▪ Pending 1,200 km² Gilo licence ▪ District-scale optionality 10
Slide 11: Summary
Summary ▪ Producing, high-grade gold asset ▪ Clear path to scale ▪ Disciplined operating model ▪ Supportive regulatory environment ▪ Improving cash generation ▪ District-scale exploration upside 11
Slide 12: Q&A
Q&A 12 12