Akobo Minerals - Operational Update for September 2025
Akobo Minerals - Operational Update for September 2025
Oslo, Norway, 10 October 2025 - Akobo Minerals AB (publ) ("Akobo" or the
"Company") (Euronext Growth Oslo: AKOBO), the Scandinavian-based gold producer
operating in Ethiopia, provides the following operational update for September
Highlights
· Total doré gold production for Q3 2025 reached ~21,5 kg, marking the first
quarter of positive EBITDA in the company's 15-year history
· Doré gold production for September was ~6,5 kg, exceeding the monthly target
of 5 kg
· Cumulative doré production to date has reached ~51,5 kg
· Record-high gold prices continue to support strong operational cash flow
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Operational Developments
· New Operations Manager, Johnny Swanepoel, has initiated optimisation and
fine-tuning of the processing plant
· Significant effort during September focused on cleaning and gold recovery
from the plant
· Vertical shaft fabrication and detailed planning are progressing according
to plan
· Mobilisation of heavy equipment has commenced
· Expert shaft-sinking team has been mobilised and is en route to site
Production continues to perform well, supported by consistent mining operations
and stable plant performance.
For more information, contact
Jørgen Evjen, CEO, Akobo Minerals
Mob: (+47) 92 80 40 14
Mail: [email protected]
LinkedIn:
www.linkedin.com/company/akobominerals (https://protect.checkpoint.com/v2/___http
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Web:
www.akobominerals.com (https://protect.checkpoint.com/v2/___http://www.akobominer
als.com/___.YzJlOnNjaGpkdGFzOmM6bzoxMGRjOGE2MTZmMDIwYTc1M2VhODk0MjA0YzI4NGU2MTo2O
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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 ESG principles at the core of its operations.
The company's commitment to sound ethics, transparency, and stakeholder
engagement is evident through its industry-leading extended shared value
program.
Akobo Minerals is ready to take on new opportunities and ventures as they arise.
The company is uniquely positioned to become a major player in the future
development of the very promising Ethiopian mining industry.
The company is headquartered in Oslo and is publicly listed on the Euronext
Growth Oslo Exchange and the Frankfurt Stock Exchange under the ticker symbol
AKOBO. For US investors, the company is traded on the OTC Pink Market (OTC:
AKOBF).
Akobo Minerals places great emphasis on meeting and exceeding industry
standards, fully complying with all aspects of the JORC code, 2012. For detailed
information on their adherence to this code, please refer to
https://www.jorc.org/.