Akobo Minerals Ab · OSL:AKOBO
Akobo Minerals Ab — H1 2021 Earnings Presentation
21 slides from Akobo Minerals Ab's earnings presentation, August 2021
Slide 1: Interim presentation 01.01 – 30.06 2021
Interim presentation 01.01 – 30.06 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: Table of Contents
Table of Contents I Introduction II Operational update III Financial update IV Q&A 3
Slide 4: Gold Exploration Company With Significant Gold Reserves Potential
Gold Exploration Company With Significant Gold Reserves Potential 10+ 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 from
Slide 5: Exploration Has Identified Two Main Targets
Exploration Has Identified Two Main Targets 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 targets Maiden resource es
Slide 6: Overview of License
Overview of License Map of the License Area License Details 182 km2 license in South-Western Ethiopia granted by the Ministry of Mines and Petroleum Located 710 km from the capital city Addis Ababa, connected by modern highway License expires November 2023 Work plan with aim to establish JOR
Slide 7: Key events first half year 2021
Key events first half year 2021 • Registered on Euronext NOTC Events after the period • Bonanza Grade intersections discovered at Segele • Listing on Euronext Growth • ESG study started with Sazani Associates • Second drill rig in field, sourced from Midroc • First Maiden resource estimate Segele re
Slide 8: Table of Contents
Table of Contents I Introduction II Operational update III Financial update IV Q&A 8
Slide 9: 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 • Second drill rig sourced from Midroc and third drill rig in negotiation 5 000 4
Slide 10: 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 EARLY Scoping Study EARLY SSM Mining License Application Operational EARLY SSM PFS activity SSM DFS SSM Construction, Commissioning and Ramp up ON TRACK Joru Drilling EARLY Surfa
Slide 11: Scoping Study Progress for SSM at Segele
Scoping Study Progress for SSM at Segele Main Objectives 1: Create economic, OPEX and CAPEX, assessments (Accuracy +/-50%) 2: Allow public release of OPEX and CAPEX Technical Study Steps Complete • 100% Complete Geology and Resources • 100% Complete Metallurgy Studies • 100% Complete Mining Engineer
Slide 12: Environment, Society and Governance
Environment, Society and Governance • Sazani ESG Review Received - work ongoing • Hired local ESG team • Sustainable Natural Resources Management Plan – • Guiding effective and progressive management of relationships, determining ecosystem services that the community depend up on and how access, con
Slide 13: Segele status
Segele status Segele • 4555 m drilled in the first pass in 41 holes • All assays have been delivered and released to the market • Last batch of assays show that the mineralisation is open down plunge • 2rd drill rig from Midroc expected to Segele in near future • Midroc will continue with resource d
Slide 14: Joru Central Status
Joru Central Status Joru First Detailed Investigation of the Joru Target Joru Core Drilling A total of 852 m of core drilling has been completed at the Joru target to date, drilling is ongoing Significant Intersections: 28.10g/t over 0.85m and 20g/t over 0.75 in drill hole JODD03 29.10g/t ov
Slide 15: Table of Contents
Table of Contents I Introduction II Operational update III Financial update IV Q&A 15
Slide 16: Income statement – Group
Income statement – Group Comments to figures All P&L related to operations in Sweden and Norway • Other expenses mainly related to consulting services like accounting, auditors and legal • Personnel cost mainly salaries for fixed employees • Interest expenses related to convertible loan interest and
Slide 17: Balance sheet – Group
Balance sheet – Group Comments to figures • No external debt • Private placement of 50mNOK will be registered and booked in Q3 • Tangible and intangible assets relates to operational activity in Ethiopia 17
Slide 18: Cash flow – Group
Cash flow – Group Comments to figures • Cash flow from operating activities relates to operations in Sweden and Norway. Other general change in working capital during the period from relates to all entities • Cash flow from investing activities relates to operational activities activated in Ethiopia
Slide 19: Key metrics
Key metrics Meters drilled (RC+CD) 4,244 1577 Accumulated 1,501 1,570 2,814 4,391 5,061 5,061 Assays done 497 29 439 476 132 - Accumulated 1,092 1,121 1,560 2,036 2.168 2168 Inferred Resources ounces na na na na 52,410 52,410 Avg grams per ton 20.9 209 Meters drilled (RC+CD) Accumulated 1,327 1,327
Slide 20: 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 small-scale mining 20
Slide 21: Q&A
Q&A 21 21