Business
Akobo Minerals - Operational Update for July 2025
Akobo Minerals - Operational Update for July 2025
About this update from Akobo Minerals Ab
Akobo Minerals ABOslo, Norway, 12 August 2025 – Akobo Minerals AB (publ) (“Akobo” or the “Company”) (Euronext Growth Oslo: AKOBO), the Scandinavian-based gold producer operating in Ethiopia, provides its operational update for July 2025.HighlightsWorld-class average grade at 45 g/t, compared to typical global averages of 1–5 g/tContribution from July: ~8 kilograms (approx. USD 750,000)Total doré gold production to date: ~38 kilogramsHighest average purity to date, exceeding 90%Cash flow positive, with breakeven at approximately 5 kg/month Operational DevelopmentsTwo new large shaking tables have arrived and are ready for installation, expected to improve recovery rates and throughput.The first deposit payment will be made for the headgear for the new vertical shaft. The estimated total cost for establishing the shaft is USD 1.7 million.Mining continues to focus on high-grade zones within the Segele orebody.August is expected to deliver positive results, and as the rainy season ends, further improvements in tonnage and mining efficiency are anticipated.Corporate UpdateEthiopian Investment Holdings (EIH), the Sovereign Investment Fund of Ethiopia, has completed a USD 3 million investment in Akobo Minerals – its first international investment. This represents a strong endorsement of the Company’s operations and growth potential. For more information, contactJørgen Evjen, CEO, Akobo Minerals Mob: (+47) 92 80 40 14 Mail: [email protected] LinkedIn: www.linkedin.com/company/akobominerals Web: www.akobominerals.com About Akobo Minerals Akobo Minerals is a Scandinavian-based gold producer, currently holding an exploration license covering 182 km2 and a mining license covering 16 km2 in the Gambela region and Dima Woreda, Ethiopia. With over 15 years of active operations on the ground, the company has established a strong foothold in Ethiopian mining industry.Akobo Minerals’ Segele mine has an Inferred and Indicated Mineral Resource of 68,000 ounces, yielding a world-class gold grade of 22.7 g/ton The mineralized zone remains open at depth, supporting future resource estimates and extending the mine’s life. The exploration license holds numerous promising exploration resource-building prospects in both the vicinity of Segele and in the wider license area.Akobo Minerals maintains strong relationships with local communities and government authorities, placing...