Akobo Minerals Ab (AKOBF) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning and welcome to the first quarter presentation for Acobo Minerals. We are sending out of Addis Ababa today. The weather is fine so far. It is rainy season down here. So I hope the internet will be with us all the time. If not, you'll have to bear with me. So I will take you through the update on my own this time. And we'll just start with the short summary of Akobo Minerals, an Ethiopian gold producer. We've been operating in Ethiopia for 15 years. We have a mining and an exploration license. You can see on the map that we're located close to the border of South Sudan in the southwestern part of Ethiopia. We're listed on the Euronext Growth in Oslo, and we have started commercial mining of our Segele mine. You can see some of the results here on the right hand side. Some very nice, very high grade gold coming out of the shaking table. This is not often seen, so this is extremely exciting when we get this out of a shaking table. so as you can see from the text here this is part of the mineral resource of the 69 000 ounces where the indicated part of 41 000 ounces has an average of 40.6 gram per ton and that's close to the upper part of the ore body and in the areas that we are mining these days. We've seen that some of the ore that we are producing these days are actually outside of the block model, which is encouraging, but still we expect the main ore body to be followed going forward. It's still open at that and we expect it to continue and also that we will be able to continue finding new targets in vicinity so that the life of mine will continue way beyond the 69,000 ounces. Now that the Segele mine is up and running and producing gold, we expect also the growth in our cash flow and we will be looking at targeting more areas also in the wider explorat...