Akobo Minerals Ab (AKOBF) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

I will take you through the latest developments of the company and the operations. I'll just start with a short introduction for any new viewers and not familiar with Akobo Minerals. We're a Scandinavian based gold producer and explorer. You can see from the right hand side here on the map, we're based out of Ethiopia when it comes to our operating assets on the border of South Sudan called Segele Mine, the Akobo River area. Very nice and peaceful place to work. We've been there for fifteen years and still trying to expand and use this area as a hub for the future of the company. So you can see here, we are operating a gold mine, a Segele mine. It's a high grade operation. Looking at the category here on the right hand bottom side, you can see a bit what we're talking about. The average grade of an underground mine is about five to eight gram per tonne. What you would call a high grade deposit is above eight gram per tonne, while our Segela mine is around 22 to 40 gram per tonne. So it's a really high grade Bonanza mine. It's a production that's been ongoing for one and a half year now. We have a steady production of around seven to eight kilos a month from current winces or tunnels that go from the surface into the underground ore body. If you look at that from a revenue perspective, at current gold price around $4,000 per ounce, we're talking about around $1,000,000 per month. Our ABTA breakeven is around five kilos per month. Of course, that will vary with the gold price also. So we have some processing advantage here. We do gravity processing. You can see that we get 86% gravity recovery. That's without using a carbonate leach or CIL system. We also do have a very high grade or not grade, but purity of the gold we're producing. So we're around twenty two twenty t...