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Akobo Minerals Successfully Processes First Low-Grade Ore Through Segele Processing Plant

Akobo Minerals AB (Euronext and Frankfurt) Akobo Minerals, a leading gold exploration and mining company based in Scandinavia with operations in Ethiopia, is pleased to announce the successful processing of the first low-grade ore through the Segele processing plant, resulting in the production of the initial gold concentrate.

This achievement marks the final phase of commissioning for the processing plant, validating its functionality under operational conditions. It is important to note that the processed ore is from the low-grade development phase of the Westen Winze and does not represent any high-grade material. The company continues to focus on testing and optimizing the plant's capabilities with low-grade ore, as part of its measured approach towards full production.

The gradual ramp-up of production remains a strategic priority, reflecting the company's deliberate efforts to ensure operational stability and efficiency. Concurrently, development work in the Eastern Winze progresses, including side shaft development towards the Westen Winze.

While acknowledging the early stages of this process, Akobo Minerals anticipates continued advancements in plant optimization and operational readiness in preparation for future phases, including the introduction of higher-grade ores. Akobo Minerals continues its collaboration with our partners to enhance system efficiencies and increase production capacities in the coming months.

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