Akobo Minerals Ab · OSL:AKOBO
Akobo Minerals Ab — Investor Presentation (October 2024)
21 slides from Akobo Minerals Ab's investor presentation, October 2024
Slide 1: Company presentation
Company presentation - October 2024 AKOBO MINERALS AB (publ) Euronext – AKOBO OTCQX – 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 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 in Oslo, Norway mining company Exploration and mining licenses held in the Gambella region and Dima Woreda, Ethiopia The leading gold exploration company in Ethiopia
Slide 4: Significant gold production potential
Significant gold production potential 182 km 2 exploration license • An attractive gold-mining jurisdiction 710 km from Addis • Ambition of developing world class deposits of 1.5 to 2 Moz in the current Akobo license • Several targets identified with high bulk volume potential 16 km2 mining license
Slide 5: 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 6: Latest developments
Latest developments ▪ Successfully commissioned the processing plant at Segele ▪ Produced the first gold from the Segele ore body ▪ Achieved daily mining operations, consistently moving ore from the mine to the processing plant ▪ Applied for a new large exploration license, ensuring future growth an
Slide 7: First Segele gold poured
First Segele gold poured • Approximately 170 tons of lower-grade material collected and processed from development tunnels, located on the edge of the Segele ore body • This initial batch yielded an average grade of 8 grams per ton 7
Slide 8: Gold price development with positive effect on the Segele mine
FOR ILLUSTRATION Gold price development with positive effect on the Segele mine Value of the Segele resource Operational cash flow from Segele 108 mUSD 206 mUSD 179 89 151 70 2200 2600 3000 2200 2600 3000 USD/oz USD/oz • Record high gold price above 2.600 USD/oz • The value of the 69’ ounces SRK res
Slide 9: Ongoing external processes
Ongoing external processes • The company has reached a more mature phase, with significantly reduced operational risk, which has led to increased interest from potential partners. As we move forward, we will remain focused on securing the best opportunities to support our long-term growth and shareh
Slide 10: Mining operations
Mining operations Key mine metrics ▪ Total Mineral Resource 69 kOz, 22,7 g/t ▪ Indicated resource 41 kOz, 40,6 g/t ▪ Conservative 81 % extraction rate ▪ 10 t/h plant capacity ▪ Peak production rate 4,000 oz/month ▪ Trial stope contains about 12,800 grams of gold ▪ Stope 1 contains about 300,000 gram
Slide 11: Production sensitivity
FOR ILLUSTRATION Production sensitivity Key metrics Revenue per month in USD Production tons per day Acces to ore body from the Winzes G/t Oz USD 283 065 10 15 20 25 30 35 40 1 (group) 74.61 10 248 26 644 800 5 62 903 94 355 125 806 157 258 188 710 220 161 251 613 2 (group) 43.78 8 680 22 568 000 10
Slide 12: 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 defined 1 ▪ Exceptional geological setting with potential to host numerous mineral deposit styles.1 ▪ Ma’aden2 • 335,207 o
Slide 13: Gambela Region – Unexplored Arabian Nubian Shield
Gambela Region – Unexplored Arabian Nubian Shield ▪ Allied Gold and Kefi Minerals soon to commit a total of US $665m in CAPEX in coming years (Kefi US $320m and Allied US $345m) ▪ Both Allied Gold and Kefi Minerals are continuing to discover more resources around their mine development projects ▪ Ar
Slide 14: The Gilo Exploration - license application delivered
The Gilo Exploration - license application delivered 60km to Gambela City ▪ 1220km2 ▪ Uninhabited savannah grassland ▪ One gravel road connecting Gambela city and Mizan Teferi ▪ Arabian Nubian Shield. ▪ Same geological structures that host the Segele Mine and the Tulu Kapi Project. ▪ No known explor
Slide 15: Akobo Licence: Many exploration targets under investigation
Akobo Licence: Many exploration targets under investigation 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 i
Slide 16: 1.5 – 2 million ounces – tipping the table towards success
1.5 – 2 million ounces – tipping the table towards success G G G G Gold G K M Copper G J W G S S G Nickel G B S S 1 H G G B Cobalt 2 S D $ G B A 3 B N Lithium S B J A 4 C N A S W W N S 3 4 Opportunistic A N W S W 2 and A N S 1 Commodity A 1. Prioritisation of Akobo Licence targets. Maximise N Agnost
Slide 17: High activity level and numerous triggers in the near term
High activity level and numerous triggers in the near term Q4 2025 Q2 Q3 Q4 2026 Q2 Q3 Q4 2027 Q2 Q3 Q4 2028 Phase 1. Segele Ore Phase 2: Segele and Shallow Bulk Targets Phase 3: Shallow and Deep Segele and Bulk Targets Segele Gold Production Processing Plant Upgrade from 10t//hr to 20t/hr EPCM Larg
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 Affordable Exploring the right Tipping the table to Segele mine technology and places success logistics
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Slide 20: Summary of Risk Factors (1/2)
Summary of Risk Factors (1/2) RISKS RELATED TO THE BUSINESS AND INDUSTRY IN WHICH THE GROUP OPERATES • Political and economic risk: The Group operates in Ethiopia. This exposes the Group to various political and economic risks and uncertainties. These factors may limit the Group's ability to conduct
Slide 21: Summary of Risk Factors (2/2)
Summary of Risk Factors (2/2) FINANCIAL RISKS (CONT.) • Risks related to capital- and operating expenditures: There is an inherent risk related to cost overruns related to the construction and operation related to the Segele Project. • The Group is dependent on maintaining sufficient liquidity to ma
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