Akobo Minerals (Akobo)

[TekBot]

Akobo Minerals announces third quarter 2022 results

OSLO, 24 November 2022:Akobo Minerals AB (publ) (EURONEXT: AKOBO), the
Scandinavian-based Ethiopian gold exploration and boutique mining company, today
reported its third quarter 2022 results. As the company is still in the project
…

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development phase prior to production start-up in early 2023, there was no
income in the third quarter of the year. The net loss for the period was SEK
17.2 million. The company has a convertible loan of SEK 50.1 million and a cash
position of SEK 15.6 million.

KEY HIGHLIGHTS

· A ‘de-risked’ project on all levels
· Fully-funded to production start
· Gold production on schedule
· Significant cash flow expected
· Potential for dividend after repayment of loan
· The first new gold producer in Ethiopia since Legadembi in 1994
· First mover advantage, with several expansion possibilities identified

IMPORTANT EVENTS

In the third quarter of 2022

· Successful core drilling at the Joru project including 12.5g/t over 0.5m
· Gold confirmed in a new mineralised zone, west of the main Segele
mineralisation
· Contract signed with IW Mining to provide underground mining services
· Secured USD 5m convertible loan for the Segele mine development

After the period

· Peace agreement signed between Ethiopian government and Tigray People’s
Liberation Front
· Obtained collaborative agreements with several academic and training
institutions
· Contract miner IW Mining deployed to site
· Broke ground at Segele with development of the incline shaft box cut
· Secured USD 8.5m funding in a loan facility from US based Monetary Metals

FINANCIAL PERFORMANCE OVERVIEW

· Results for the period SEK -17.2 million*
· Results year to date SEK -19.6 million
· Cash flow for the period SEK 10.8 million
· Cash end of period SEK 15.6 million**
· Total equity end of period SEK 56.9 million
· Total external debt end of period SEK 63.7 million

• Incl. SEK 8.8 million in operational costs from Etno Mining. Previously
  capitalised.

** Incl. SEK 50 million raised in convertible bond.

Akobo Minerals will host a webcast, in English, for all shareholders and
interested parties today at 10:00 CET. There will be a Q&A session following the
management presentation.

The webcast will be available at: https://inqrate.com/xtravideos/akobo-minerals
-q3-22-presentation-24-november/

For more information, contact:

Jørgen Evjen, CEO, Akobo Minerals

Mob: (+47) 92 80 40 14

Mail: jorgen@akobominerals.com

LinkedIn: www.linkedin.com/company/akobominerals

Web; www.akobominerals.com

About Akobo Minerals

Akobo Minerals is a Scandinavian-based gold exploration and boutique mining
company, currently holding an exploration license covering 182 km2 and with an
ongoing mine development in the Gambela region and Dima Woreda, Ethiopia. The
company has established itself as the leading gold exploration company in
Ethiopia through more than 12 years of on-the-ground activity.

Akobo Minerals holds a 16 km2 mining license and is working to start up mining
of its very promising Segele target. It has an Inferred and Indicated Mineral
Resource of 68.000 ounces yielding a world-class gold grade of 22.7 g/ton,
combined with an estimated all-in sustaining cost (AISC) of 243 USD per ounce.
Still open to depth, the gold mineralised zone continues to expand and will have
a positive impact on future resource estimates and mine 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 has an excellent relationship with local communities all the way
up to national authorities and we place environment and social governance (ESG)
at the heart of our activities - as demonstrated by a planned industry-leading
extending shared value program.

Akobo Minerals has built a strong local foothold based upon the principles of
sound ethics, transparency, and communication, and 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.

Akobo Minerals has a clear strategy aimed at building a portfolio of gold
resources through high-impact exploration and mining, whilst adhering to a lean
business operation. The company is headquartered in Oslo and is listed on the
Euronext Growth Oslo Exchange under the ticker symbol, AKOBO.

Kilde

[TekBot]

Akobo Minerals makes a third gold discovery at Segele

OSLO, 15 November 2022: Akobo Minerals AB (Euronext Oslo - ticker “AKOBO”), the
Scandinavian-based Ethiopian gold exploration and boutique mining company, today
announced that it has made a new gold discovery at Segele. This is the third
…

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distinct style of gold mineralisation in the area.

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The exploration team is not resting on its success and has continued with its
core exploration work, while drilling has been focusing on sterilisation and
geotech work related to the Segele mine. The exploration has yielded new gold
discoveries and better understanding of the geological structure of the area.
The more work we do the more certain we are of the long-term potential within
our license area.

The exploration team is currently working on building the understanding of the
host structure by mapping and sampling in advance of drill testing the new
targets. The overall picture looks highly encouraging with regards to the
potential of feeding more ore through the processing plant.

On the more technical side, the new gold occurrence is located 140m due west of
the main Segele mineralisation and represents a third distinct style of gold
mineralisation identified. The first style is the main Segele ore consisting of
high- and bonanza-grade orogenic gold deposit. The free gold is hosted by
metamorphosed ultramafics overprinted by calc silicate alteration. The second
gold mineralization discovered a few months back is found some 100 metres west
of Segele and is coarse grained with a very high nugget effect. It is hosted in
a fault breccia with minor quartz veining and is continuous between drill holes.

The new mineralisation is comprised of coarse-grained gold hosted in an
ultramafic schist on the edge of a metaperidotitic rock unit. The target units
have been traced on surface for a strike length exceeding 100m, but
mineralisation has only been confirmed at one location so far. Up until now this
style of gold mineralisation has only been observed in hand samples and the fact
that we have found the source of the mineralisation is a great step forward.

[Map

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In addition to the targeting the new mineralisation, we will start drilling out
previously identified areas closer to the Segele main ore body where artisanal
miners have exposed gold mineralisation and grab samples from pits have shown
very high gold content. This area is now available for further exploration.

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We anticipate that drilling will start as soon as enough data has been gathered
to accurately plan a drill program, likely in January 2023.

Akobo Minerals reports all information about mineral resources and exploration
results according the JORC code. As such you can find JORC Table 1 and other
statutory reports at www.akobominerals.com.

For more information, contact:
Jørgen Evjen, CEOAkobo Minerals
Mob: +4792 80 40 14
Mail: jorgen@akobominerals.com

LinkedIn: www.linkedin.com/company/akobominerals

Twitter: @akobominerals (https://twitter.com/akobominerals)
Web: https://akobominerals.com

About Akobo Minerals
Akobo Minerals is a Scandinavia-based gold exploration and boutique mining
company, currently holding an exploration license covering 182 km2 and with an
ongoing mine development in the Gambela region and Dima Woreda, Ethiopia. The
company has established itself as the leading gold exploration company in
Ethiopia through more than 12 years of on-the-ground activity.
Akobo Minerals holds a 16 km2 mining license and is working to start up mining
of its very promising Segele target. It has an Inferred and Indicated Mineral
Resource yielding a world-class gold grade of 22.7 g/ton, combined with an
estimated all-in sustaining cost (AISC) of 243 USD per ounce. Still open at
depth, the gold mineralized zone continues to expand and will have a positive
impact on future resource estimates and mine-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 has an excellent relationship with local communities all the way
up to national authorities and it places environment, social and governance
(ESG) at the heart of its activities - as demonstrated by an industry-leading
community program.
Akobo Minerals has built a strong local foothold based upon the principles of
sound ethics, transparency, and communication, and 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.
Akobo Minerals has a clear strategy aimed at building a portfolio of gold
resources through high-impact exploration and mining, while adhering to a lean
business operation. The company is headquartered in Oslo and is listed on the
Euronext Growth Oslo Exchange under the ticker symbol AKOBO.

Akobo Minerals fully meets and complies with all parts of the JORC code, 2012.
For further information, see https://www.jorc.org/

Kilde

[TekBot]

Akobo Minerals continues rapid development of the Segele Mine

OSLO, 19 December 2022: Akobo Minerals (Euronext Oslo - “AKOBO”), the
Scandinavian-based Ethiopian gold exploration and boutique mining company, today
provided an update on its activities to develop the Segele Gold Mine.
…

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Following the recent announcement of the discovery of the third mineralisation
style, Akobo’s efforts to develop the Segele mine are driving ahead at pace. The
surface mining operations are underway, the process plant parts have started
arriving and many designs are nearing completion.

· Incline shaft entrance advanced and first blast is expected in few days
· Large part of the processing plant shipped, with parts already arrived in
Ethiopia
· Potential to generate early revenue from the new mineralization announced
last week
· Experienced Process Plant specialist employed to lead gold production

The mining contractor IW Mining have made significant progress and reached a
depth of 9m in the incline shaft entrance, with only 5 additional meters depth
needed in order to reach the depth where underground mining will begin. The
first blast is expected to be completed within days and the development of
safety procedures is nearing completion.

Leveraging the advantage of having experienced miners on site, study is also
underway to fast track the third mineralisation style into production. The third
mineralisation style is a rich visible gold occurrence and might be a valuable
source of early revenue.

As the intensity of mining activities increases, IW Mining has begun recruitment
of local staff and additional earthmoving equipment is being sourced.

[image]

The incline shaft entrance excavation has reached a depth of 9m.

The gold processing plant design and fabrication process is very close to
completion with only a few minor parts remaining. Plant contractor Solo
Resources have successfully navigated the challenging processes of timely
shipping from South Africa, Canada, Australia and China. A total of 19 shipments
are on their way to site of which 5 are being processed at Ethiopian customs as
of writing and 2 have arrived at site.

An Ethiopian civil engineering firm is in the process of completing geotechnical
investigations and foundation designs for the processing plant. Once the
foundations are in place, construction and commissioning will be supervised by
Solo Resources and Akobo Minerals. With that mind, Akobo is delighted to
announce that it has recruited an experienced processing plant specialist to
lead the construction, commissioning and operation of the processing plant.
Manie Nianaber from South Africa has experience of all the major equipment and
systems used in the Segele process plant. Manie will train and lead a team of
Ethiopian employees to first production in the near future.

[file:///Users/Matt/Pictures/Photos%20Library.photoslibrary/originals/6/696C4677
-1530-4DA1-96AA-F498CDEE9409.heic]

The ball mill and other major equipment for the crushing circuit have arrived at
site. This is the first of many shipments which are advanced.

For more information, contact:
Jørgen Evjen, CEOAkobo Minerals
Mob: +4792 80 40 14
Mail: jorgen@akobominerals.com

LinkedIn: www.linkedin.com/company/akobominerals

Twitter: @akobominerals
Web: https://akobominerals.com

About Akobo Minerals
Akobo Minerals is a Scandinavia-based gold exploration and boutique mining
company, currently holding an exploration license covering 182 km2 and with an
ongoing mine development in the Gambela region and Dima Woreda, Ethiopia. The
company has established itself as the leading gold exploration company in
Ethiopia through more than 12 years of on-the-ground activity.
Akobo Minerals holds a 16 km2 mining license and is working to start up mining
of its very promising Segele target. It has an Inferred and Indicated Mineral
Resource yielding a world-class gold grade of 22.7 g/ton, combined with an
estimated all-in sustaining cost (AISC) of 243 USD per ounce. Still open at
depth, the gold mineralized zone continues to expand and will have a positive
impact on future resource estimates and mine-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 has an excellent relationship with local communities all the way
up to national authorities and it places environment, social and governance
(ESG) at the heart of its activities - as demonstrated by an industry-leading
community program.
Akobo Minerals has built a strong local foothold based upon the principles of
sound ethics, transparency, and communication, and 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.
Akobo Minerals has a clear strategy aimed at building a portfolio of gold
resources through high-impact exploration and mining, while adhering to a lean
business operation. The company is headquartered in Oslo and is listed on the
Euronext Growth Oslo Exchange under the ticker symbol AKOBO.

Akobo Minerals fully meets and complies with all parts of the JORC code, 2012.
For further information, see https://www.jorc.org/

Competent Person for Exploration Results

The Competent Person who has overall responsibility for the exploration results
is Dr Matt Jackson BSc PhD MAusIMM. Dr Jackson is a Chartered Professional of
the Australasian Institute of Mining and Metallurgy which is a Recognized
Professional Organization (“RPO”) included in a list promulgated by the
Australian Securities Exchange (“ASX”) from time to time. He is a full time
employee of Akobo Minerals AB and has sufficient experience that is relevant to
the style of mineralization and type of deposit under consideration and to the
activity being undertaken to qualify as a Competent Person as defined in the
2012 Edition of the ‘Australasian Code for Reporting of Exploration Results,
Mineral Resources and Ore Reserves’. Dr Matt Jackson consents to the inclusion
in the report of the matters based on his information in the form and context in
which it appears.

Kilde

[TekBot]

Akobo Minerals hits gold in first drill hole at new mineralisation

OSLO, 03 February 2023: Akobo Minerals (Euronext Oslo - “AKOBO”), the
Scandinavian-based Ethiopian gold exploration and boutique mining company, today
announces that it has hit visible gold in its first drill hole at the third
…

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mineralisation style 140 meters from main Segele.

Following the recent announcement of the discovery of the third mineralisation
style, the exploration team has continued work to understand the host structure
by mapping and sampling. This work has led to three trenches being dug where the
host rock was uncovered. Following the trench work, the team developed the first
drill hole which intersected 5cm of mineralisation with visible gold at 30
meters down hole depth. However the hole also intersected an artisanal
(“kofari”) mining pit where 1-1.5m of potentially mineralised material had been
mined in direct contact with the gold-bearing intersection.

Jørgen Evjen, CEO of Akobo Minerals, stated: "Is this the next Segele? Only
time will tell. But the fact that we are hitting gold in our first drill hole is
very promising. Our exploration team will follow up this target and many others
in the near future. "

[image]

Happy exploration team!

Following this very encouraging result, a second hole has already been started
and will target the mineralisation about 5 m below the first intersection. The
trenches have been examined in detail in the last few days and gives the company
a good understanding of the structural geology that controls the gold
mineralisation. The current drill program will be adapted to target the
structures in the host lithology based on these results.

If the current drill program is successful, this mineralisation will immediately
be accessible for mining and it will be a direct addition to the mine life of
the Segele mine. Since the process plant and mine is already under construction
the lead times from discovery to extraction can be very short, essentially
mining can start as soon as the mineralisation is defined and deemed economic.
The close proximity of this new discovery to the active mining area and
processing plant enables a quick assessment of economic factors and possible
fast-track to production.

[image] [A picture containing sky, outdoor, ground, transport

Description automatically generated] [A close-up of a book

Description automatically generated with low confidence]

More information on the current Segele mining progress will follow soon.

For more information, contact:
Jørgen Evjen, CEOAkobo Minerals
Mob: +4792 80 40 14
Mail: jorgen@akobominerals.com

LinkedIn: www.linkedin.com/company/akobominerals

Twitter: @akobominerals
Web: https://akobominerals.com

About Akobo Minerals
Akobo Minerals is a Scandinavia-based gold exploration and boutique mining
company, currently holding an exploration license covering 182 km2 and with an
ongoing mine development in the Gambela region and Dima Woreda, Ethiopia. The
company has established itself as the leading gold exploration company in
Ethiopia through more than 12 years of on-the-ground activity.
Akobo Minerals holds a 16 km2 mining license and is working to start up mining
of its very promising Segele target. It has an Inferred and Indicated Mineral
Resource yielding a world-class gold grade of 22.7 g/ton, combined with an
estimated all-in sustaining cost (AISC) of 243 USD per ounce. Still open at
depth, the gold mineralized zone continues to expand and will have a positive
impact on future resource estimates and mine-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 has an excellent relationship with local communities all the way
up to national authorities and it places environment, social and governance
(ESG) at the heart of its activities - as demonstrated by an industry-leading
community program.
Akobo Minerals has built a strong local foothold based upon the principles of
sound ethics, transparency, and communication, and 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.
Akobo Minerals has a clear strategy aimed at building a portfolio of gold
resources through high-impact exploration and mining, while adhering to a lean
business operation. The company is headquartered in Oslo and is listed on the
Euronext Growth Oslo Exchange under the ticker symbol AKOBO.

Akobo Minerals fully meets and complies with all parts of the JORC code, 2012.
For further information, see https://www.jorc.org/

Competent Person for Exploration Results

The Competent Person who has overall responsibility for the exploration results
is Dr Matt Jackson BSc PhD MAusIMM. Dr Jackson is a Chartered Professional of
the Australasian Institute of Mining and Metallurgy which is a Recognized
Professional Organization (“RPO”) included in a list promulgated by the
Australian Securities Exchange (“ASX”) from time to time. He is a full time
employee of Akobo Minerals AB and has sufficient experience that is relevant to
the style of mineralization and type of deposit under consideration and to the
activity being undertaken to qualify as a Competent Person as defined in the
2012 Edition of the ‘Australasian Code for Reporting of Exploration Results,
Mineral Resources and Ore Reserves’. Dr Matt Jackson consents to the inclusion
in the report of the matters based on his information in the form and context in
which it appears.

Kilde

[TekBot]

Akobo Minerals wins prestigious ESG Nature award at Mining Indaba

OSLO, 08 February 2023: Akobo Minerals (Euronext Oslo - “AKOBO”), the
Scandinavian-based Ethiopian gold exploration and boutique mining company, today
announces that it has won the prestigious 2023 ESG Nature award at Mining
…

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Indaba, Cape Town.

Mining Indaba is Africa’s premier mining expo, and one of the largest mining
events in the world. With over 15,000 attendees we are delighted to have been
recognized on such a prestigious occasion

Jørgen Evjen, CEO of Akobo Minerals, said: “We are proud to have been recognized
for our ESG efforts by winning this prestigious award for our ESG work by such
an industry-respected organization. We understand that to be a successful
company, ESG will always be at the heart of our activities at a community,
country and global level and we are honored that Indaba has identified our
program as meeting the highest standards in the mining industry.”

[image]

The 2023 Mining Indaba conference and exhibition will have an increased focus on
ESG and sustainability issues. As ESG moves from strategy to implementation, the
event will look at key issues such as ESG metrics, sustainable development goals
(SDPs) and better community engagement.

Akobo Minerals is focused on delivering sustainable value for its employees,
stakeholders and host communities, both now and into the future. The company
believes that the protection of the health and wellbeing of staff employees,
acting as a custodian of the local environment and being an advocate for
sustainable economic empowerment in the Ethiopian host communities are both the
right things to do and are a fundamental business imperative.

Akobo Minerals will be exhibiting at the Mining Indaba. Join the company on
stand ES 22 to hear more about its activities as it gears up for commencing its
Ethiopian gold production in early 2023.

For more information, contact:
Jørgen Evjen, CEOAkobo Minerals
Mob: +4792 80 40 14
Mail: jorgen@akobominerals.com

LinkedIn: www.linkedin.com/company/akobominerals

Twitter: @akobominerals
Web: https://akobominerals.com

About Akobo Minerals
Akobo Minerals is a Scandinavia-based gold exploration and boutique mining
company, currently holding an exploration license covering 182 km2 and with an
ongoing mine development in the Gambela region and Dima Woreda, Ethiopia. The
company has established itself as the leading gold exploration company in
Ethiopia through more than 12 years of on-the-ground activity.
Akobo Minerals holds a 16 km2 mining license and is working to start up mining
of its very promising Segele target. It has an Inferred and Indicated Mineral
Resource yielding a world-class gold grade of 22.7 g/ton, combined with an
estimated all-in sustaining cost (AISC) of 243 USD per ounce. Still open at
depth, the gold mineralized zone continues to expand and will have a positive
impact on future resource estimates and mine-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 has an excellent relationship with local communities all the way
up to national authorities and it places environment, social and governance
(ESG) at the heart of its activities - as demonstrated by an industry-leading
community program.
Akobo Minerals has built a strong local foothold based upon the principles of
sound ethics, transparency, and communication, and 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.
Akobo Minerals has a clear strategy aimed at building a portfolio of gold
resources through high-impact exploration and mining, while adhering to a lean
business operation. The company is headquartered in Oslo and is listed on the
Euronext Growth Oslo Exchange under the ticker symbol AKOBO.

Akobo Minerals fully meets and complies with all parts of the JORC code, 2012.
For further information, see https://www.jorc.org/

Kilde

[TekBot]

Invitation to presentation of Akobo Minerals’ fourth quarter 2022 results Thursday 09.03.23 at 10.00 CET

Akobo Minerals AB (publ) will release its fourth quarter results on Thursday
09.03.23.

…

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The report and presentation will be available from 08:30 CET that morning on the
company’s homepage www.akobominerals.com and at www.newsweb.no

The results will be presented in a webcast with CEO, Jørgen Evjen, and COO, Matt
Jackson, at 10.00 CET. The presentation and subsequent Q&A session will be held
in English and may be viewed live at:

Akobo Minerals Q4 2022
presentation (https://channel.royalcast.com/landingpage/hegnarmedia/20230309_1/)

If you have any questions relating to the results, please send them to
jorgen@akobominerals.com by 10.00 CET on the morning of the presentation. We
will answer them as part of the Q&A session, when we will also take any further
questions.

For more information, contact:

Jørgen Evjen, CEO, Akobo Minerals

Mob: (+47) 92 80 40 14

Mail: jorgen@akobominerals.com

LinkedIn: www.linkedin.com/company/akobominerals

Web: https://akobominerals.com

About Akobo Minerals

Akobo Minerals is a Scandinavian-based gold exploration and boutique mining
company, currently with ongoing exploration and mine development in the Gambela
region and Dima Woreda, Ethiopia. The Company has established itself as the
leading gold exploration company in Ethiopia through more than 12 years of on
-the-ground activity.

Akobo Minerals holds a mining licence and is working to start up mining of its
very promising Segele target. It has an Inferred Mineral Resource yielding a
world-class gold grade of 22.7 grams per tonne, combined with an estimated all
-in sustaining cost (AISC) of 243 USD per ounce. Still open to depth, the gold
mineralised zone continues to expand and will have a positive impact on future
resource estimates and mine-life. The exploration license holds numerous
promising exploration resource-building prospects in the vicinity of Segele, in
addition to the lower grade high volume area of Joru. These areas will continue
to be explored.

Akobo Minerals has an excellent relationship with local communities all the way
up to national authorities and it places environment, social and environment
(ESG) at the heart of its activities - as demonstrated by a planned ground
-breaking community program.

Akobo Minerals has built a strong local foothold based upon the principles of
good ethics, transparency, and communication, and is ready to take on new
opportunities and ventures as they arise. Akobo Minerals is uniquely positioned
to become a major player in the future development of the very promising
Ethiopian mining industry.

Akobo Minerals has a clear strategy aimed at building a portfolio of gold
resources through high-impact exploration and mining, while adhering to a lean
business operation. The company is headquartered in Oslo and is listed on the
Euronext Growth Oslo Exchange and the Frankfurt Exchange under the ticker
symbol, AKOBO.

Kilde

[TekBot]

Akobo Minerals announces results for the fourth quarter of 2022

OSLO, 09 March 2023:Akobo Minerals AB (publ) (ticker: AKOBO), the Scandinavian
-based Ethiopian gold exploration and boutique mining company, today reported
its fourth quarter 2022 results.
…

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As the company is still in the project development phase prior to production
start-up, there was no income during the fourth quarter of the year. The net
loss for the quarter was SEK 34.2 million. The company has a loan of USD 8.5
million (repayable as 5,000 ounces of gold) and a cash position of SEK 56.3
million.

KEY COMPANY HIGHLIGHTS

· A ‘de-risked’ project
· Significant cash flow to be generated
· Excitement around new exploration activity following promising initial
findings
· Ambition of developing world class deposits of 1.5 to 2 Moz
· Potential for dividend following repayment of loan
· Akoko Minerals is the first new gold producer in Ethiopia since Legadembi in
1994
· Company has a first mover advantage, with expansion opportunities identified

IMPORTANT EVENTS

Fourth quarter of 2022

· The first parts of the processing plant arrived at the site
· The contract miner, IW Mining, deployed to the site and broke ground at the
Segele mine
· The company secured a 5,000-ounce gold loan, equal to USD 8.5 million
· Agreement was reached to cease all artisanal activity in the mining
concession
· A memorandum of understanding (MOU) was agreed with Dima Polytechnic to
improve local access to technical and vocational training
· Indigenous tree seeds have been collected and a community tree nursery began
· The company was shortlisted for a Mines and Money ESG Award
· A peace agreement was signed between the Ethiopian government and the Tigray
People’s Liberation Front

After the quarter closed

· Some delay expected in startup of processing plant, which also impacts
liquidity
· Positive dialogue with main shareholders to address potential liquidity
constraints through issuance of additional loan
· New exploration target discovered at Gindaba - perhaps the most significant
finding up to date
· A two tons/hour ultra-small plant is packed and ready to be sent to Ethiopia
by air freight for early gold production
· Fabrication and shipping of the main processing plant was completed
· The foundation design for the mine was signed-off and building work started
· The underground mine boxcut was completed
· Two smaller entries into the upper part of the ore body were commenced
· Engagement with gold refineries began in order to establish offtake
agreements
· Gold was confirmed in the first drill hole at the third mineralised zone,
about 130 metres west of the main Segele mineralisation
· Both the Governor of the National Bank of Ethiopia and the Ethiopian
Minister of Mines were replaced - though the program of continuous improvements
in the regulatory framework are expected to continue
· Key ESG community-facing initiatives began:

· A Women and Youth Association was registered
· Artisanal and small-scale mining and solar technology teaching materials
were prepared
· Community Ecobrick production started
· A MOU was signed with Jimma University for ecological monitoring in Akobo
Minerals’ project area
· An education programme was approved by the Gambella Regional Government
· The company was nominated for and awarded the Mining Indaba ESG Nature
Award

FINANCIAL PERFORMANCE OVERVIEW

· Operating loss for the quarter of SEK 34.2 million
· Operating loss for the year of SEK 53.8 million
· Cash flow for the quarter of SEK 45.9 million*
· Cash in bank at the end of the quarter of SEK 56.3 million
· Total equity at the end of the quarter of SEK 25.2 million
· Total external debt at the end of the quarter of SEK 95.1 million*

*Including a loan of USD 8.5 million (through a loan of 5,000 ounces of gold)

Commenting on the company’s fourth quarter 2022 performance, Jørgen Evjen, CEO
of Akobo Minerals, stated: "We had an exceptionally busy end to the year and
this has continued into 2023 as we build towards initial gold production - and
with it the start of cash flow generation.

“During the quarter, we secured an innovative USD 8.5 million gold loan -
repayable against 5,000 ounces of gold - allowing us to complete the processing
plant and further develop our mining work. There have been delays both from the
general activity in Ethiopia and in receiving plant equipment from South Africa,
but we will shorty receive an ultra-small processing plant from our partner
Solo, in order to commence some gold production work as per our original
schedule.”

Evjen concluded: “From securing finance and solving operational and logistics
issues, through to taking on new local employees and further developing our ESG
initiatives, we have had an extensive list of activities to manage. But our
employees - and partners - have dealt admirably with all challenges, which
augurs well for us with first pouring of gold within reach.”

Akobo Minerals will host a webcast, in English, for all shareholders and
interested parties today at 10:00 CET. There will be a Q&A session following the
management presentation.

The webcast will be available at: Akobo Minerals Q4 2022
presentation (https://publish.ne.cision.com/l/gvvzwiqmc/channel.royalcast.com/lan
dingpage/hegnarmedia/20230309_1)

For more information, contact:

Jørgen Evjen, CEO, Akobo Minerals

Mob: (+47) 92 80 40 14

Mail: jorgen@akobominerals.com

LinkedIn: www.linkedin.com/company/akobominerals

Web: www.akobominerals.com

About Akobo Minerals

Akobo Minerals is a Scandinavian-based gold exploration and boutique mining
company, currently holding an exploration license covering 182 km2 and with an
ongoing mine development in the Gambela region and Dima Woreda, Ethiopia. The
company has established itself as the leading gold exploration company in
Ethiopia through more than 12 years of on-the-ground activity.

Akobo Minerals holds a 16 km2 mining license and is working to start up mining
of its very promising Segele target. It has an Inferred and Indicated Mineral
Resource of 68.000 ounces yielding a world-class gold grade of 22.7 g/ton,
combined with an estimated all-in sustaining cost (AISC) of 243 USD per ounce.
Still open to depth, the gold mineralised zone continues to expand and will have
a positive impact on future resource estimates and mine 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 has an excellent relationship with local communities all the way
up to national authorities and we place environment and social governance (ESG)
at the heart of our activities - as demonstrated by a planned industry-leading
extending shared value program.

Akobo Minerals has built a strong local foothold based upon the principles of
sound ethics, transparency, and communication, and 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.

Akobo Minerals has a clear strategy aimed at building a portfolio of gold
resources through high-impact exploration and mining, whilst adhering to a lean
business operation. The company is headquartered in Oslo and is listed on the
Euronext Growth Oslo Exchange and Frankfurt Stock Exchange under the ticker
symbol, AKOBO.

Kilde

[TekBot]

Akobo Minerals AB : Exercise of options by primary insider

Oslo,10 March 2023 | Akobo Minerals AB

Yesterday, option holders exercised a total of 377,000 options with a strike
…

Vis børsmeldingen

price of SEK 2.5 per share granted by the general meeting held 2020-10-12. The
exercised option value will be settled in cash.

The following primary insider Jørgen Evjen, CEO, exercised 60,000 options. For
further information, please see the attached form.

This information is subject to the disclosure requirements pursuant to MAR
article 19 and section 5-12 of the Norwegian Securities Trading Act.

For more information, contact:

Jørgen Evjen, CEO Akobo Minerals

Mob: +47 92 80 40 14

Mail: jorgen@akobominerals.com

LinkedIn: www.linkedin.com/company/akobominerals

Twitter: @akobominerals Web:

https://akobominerals.com

About Akobo Minerals Akobo Minerals is a Scandinavia-based gold exploration and
boutique mining company, currently holding an exploration license covering 182
km2 and with an ongoing mine development in the Gambela region and Dima Woreda,
Ethiopia. The company has established itself as the leading gold exploration
company in Ethiopia through more than 12 years of on-the-ground activity. Akobo
Minerals holds a 16 km2 mining license and is working to start up mining of its
very promising Segele target. It has an Inferred and Indicated Mineral Resource
yielding a world-class gold grade of 22.7 g/ton, combined with an estimated all
-in sustaining cost (AISC) of 243 USD per ounce. Still open at depth, the gold
mineralized zone continues to expand and will have a positive impact on future
resource estimates and mine-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 has an excellent relationship with
local communities all the way up to national authorities and it places
environment, social and governance (ESG) at the heart of its activities - as
demonstrated by an industry-leading community program. Akobo Minerals has built
a strong local foothold based upon the principles of sound ethics, transparency,
and communication, and 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. Akobo
Minerals has a clear strategy aimed at building a portfolio of gold resources
through high-impact exploration and mining, while adhering to a lean business
operation. The company is headquartered in Oslo and is listed on the Euronext
Growth Oslo Exchange under the ticker symbol AKOBO. Akobo Minerals fully meets
and complies with all parts of the JORC code, 2012. For further information, see
https://www.jorc.org/

Kilde

[TekBot]

Akobo Minerals secures NOK 22.475 million in funding through a convertible loan

OSLO, 20 March 2023:?Akobo Minerals AB (publ) (Euronext and Frankfurt: AKOBO),
the Scandinavian-based Ethiopian gold exploration and boutique mining company,
today announced that it has issued an unsecured convertible loan (the “Loan”) of
…

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NOK 22.475 million (approx. USD two million) from new and existing investors to
fund the final phase of its Segele mining operation in Gambella, Ethiopia (the
“Project”). The board of directors and management of Akobo Minerals contributed
with NOK 3.8 million of the funds.

Announcing details of the loan, Jørgen Evjen, CEO of Akobo Minerals, said:
“Akobo Minerals is very pleased with the interest gained in the issuance of the
Loan, and the trust provided by new and existing investors. The project is
moving forward and the delivery of all processing plant shipments, except one,
to arrive in Ethiopia by end of March. The ultra small plant delivered by Solo
Resources has already arrived in Addis Ababa and is expected to be operational
within a few weeks.”

He added: “Mining operations continue both at the main incline shaft and at the
winzes that will go directly into the orebody. The exploration team are
continuing to work at the exciting new discovery at Gingibil where visible gold
was discovered in recent weeks.”

The loan contribution - primarily from major shareholders - has a term of two
years and an interest rate of 15 % p.a. The Loan may be converted into shares on
a quarterly basis or at the maturity date, subject to certain conditions being
met. If converted, the conversion of the Loan will take place by each lender
subscribing for shares through off-setting the Loan amount (including accrued
interest) against a conversion price of NOK 6.90 per Akobo Minerals share. The
actual conversion of the Loan is subject to a resolution at the company’s
shareholders’ meeting. If the company, for whatever reason, is not able to issue
the required shares to the lenders, the Loan shall be repaid in full, together
with accrued interest.

Further updates on operational activities and exploration targets will be
provided in due course.

DISCLOSURE REGULATION

This information is subject to the disclosure requirements pursuant to section 5
-12 of the Norwegian Securities Trading Act.

Advokatfirmaet Schjødt has acted as legal advisor to the company on Norwegian
and Swedish law matters.

For more information, contact

Jørgen Evjen, CEO?Akobo Minerals
Mob: +47?92 80 40 14
Mail: jorgen@akobominerals.com
LinkedIn: www.linkedin.com/company/akobominerals
Twitter: @akobominerals
Web: https://akobominerals.com

About Akobo Minerals

Akobo Minerals is a Scandinavian-based gold exploration and boutique mining
company, currently holding an exploration license covering 182 km2 and with an
ongoing mine development in the Gambela region and Dima Woreda, Ethiopia. The
company has established itself as the leading gold exploration company in
Ethiopia through more than 12 years of on-the-ground activity.

Akobo Minerals holds a 16 km2 mining license and is working to start up mining
of its very promising Segele target. It has an Inferred and Indicated Mineral
Resource of 68.000 ounces yielding a world-class gold grade of 22.7 g/ton,
combined with an estimated all-in sustaining cost (AISC) of 243 USD per ounce.
Still open to depth, the gold mineralised zone continues to expand and will have
a positive impact on future resource estimates and mine-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 has an excellent relationship with local communities all the way
up to national authorities and we place environment and social governance (ESG)
at the heart of our activities - as demonstrated by a planned industry-leading
extending shared value program.

Akobo Minerals has built a strong local foothold based upon the principles of
sound ethics, transparency, and communication, and 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.

Akobo Minerals has a clear strategy aimed at building a portfolio of gold
resources through high-impact exploration and mining, whilst adhering to a lean
business operation. The company is headquartered in Oslo and is listed on the
Euronext Growth Oslo Exchange and Frankfurt Stock Exchange under the ticker
symbol, AKOBO.

Important information

This release is not for publication or distribution, directly or indirectly, in
or into Australia, Canada, Japan, the United States or any other jurisdictions
where it would be illegal. It is issued for information purposes only and does
not constitute or form part of any offer or solicitation to purchase or
subscribe for securities, in the United States or in any other jurisdiction.
Thesecurities referred to herein have not been, and will not be, registered
under the U.S. Securities Act of 1933, as amended (the “U.S. Securities Act”),
and may not be offered or sold in the United States absent registration or
pursuant to an exemption from registration under the U.S. Securities Act. Akobo
Minerals does not intend to register any portion of the offering of the
securities in the United States or to conduct a public offering of the
securities in the UnitedStates. Copies of this publication are not being, and
may not be, distributed or sent into Australia, Canada, Japan or the United
States.

Kilde

[aTinyHorse]

15% og konvertibel til 6.90 l, sum tilsvarende omtrent 8% av dagens market cap. Dette er jo ikke den styggeste finansieringen vi har sett blant småselskaper på Oslo børs i det siste, men generøst er det ikke.

Og gruvemaskineriet er i Addis Abeba, men ikke on-site…

Kursen har fallt i det siste, nå får vi se om markedet hadde priset inn enda dårligere betingelser.

[TekBot]

Akobo Minerals announces the start of core drilling at Gindibab

OSLO, 20 March 2023:?Akobo Minerals AB (publ) (Euronext and Frankfurt: AKOBO),
the Scandinavian-based Ethiopian gold exploration and boutique mining company,
today announced the start of core drilling on a new target at Gindibab. The core
…

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drilling at the Gingibil quartz vein swarm in the Gindibab area, lies
approximately six kilometres southeast of Akobo Minerals’ Segele gold mine,
which will soon be producing the company’s first gold.

Key highlights

· Early indications point to this being the most exciting target so farwithin
Akobo Minerals’ license area
· Individual veins up to 3m wide have been observed in the quartz vein swarm
and looks to be hosting significant amounts of visible gold
· The quartz vein swarm has been traced over a strike length exceeding 700
metres, with individual gold-bearing veins close to 100 metres long
· This latest phase of activity supports our ambition of developing a million
-ounce world class deposit

[A rocky area with trees

Description automatically generated with low confidence][A picture containing
person, hand, holding, piece

Description automatically generated]

Gold bearing quartz vein at Gingibil. A 2mm large gold grain in a hand sample
from one of the Gingibil quartz veins.

Jørgen Evjen, CEO of Akobo Minerals, said: "The company has been excited at the
prospect of starting this core drilling since our exploration team made the
initial discovery of visible gold in this quartz vein just recently.

“The core drilling program will initially focus on defining individual quartz
veins and test their depth extensions in order to gather data for evaluation of
the target potential. If signs are positive, the next phase of activity will be
to extend the drill program to evaluate the potential for a larger scale mining
operation, including any open pit potential.”

He concluded: “The company recently stated that we have nine priority gold
targets within our license area, but this is by far the most encouraging
exploration site we have found to date - and could well be a defining step in
our ambition to develop a million-ounce world class deposit.”

The Gingibil quartz vein swarm is a very recent discovery, made by the company’s
exploration team towards the end of 2022. The geology is characterised by
schistose host rocks - primarily quartz feldspar schist and variously sheared
gabbros. Within these rocks a large number of quartz veins - locally up to three
metres thick - are hosted. Initial visual indications point towards significant
amounts of visible gold. The geology team has identified three different types
of quartz veins in the area, ranging from highly mineralised early veins to late
-stage barren veins.

To date, the quartz vein swarm has been traced over a strike length exceeding
700 metres, with individual gold-bearing veins close to 100 metres long. Visible
gold has been found in several of the major veins along the entire strike
length, either by direct observation or by surface sampling and panning.

In addition to the core drilling program the company intends to do bulk sampling
to test the gold grades of the various quartz veins to help establish the
viability of future mining.

Bulk sampling will be greatly assisted by the abundant loose quartz vein
material on surface around the veins where thousands of tonnes of material have
been deposited by long term geological processes. Typically, such loose material
has a very good potential for easy, low-cost mining.

The discovery of significant amounts of visible gold has justified the public
release of this information as it may have important implications for the
valuation of the company. The results announced here constitute “Exploration
Results” as defined by the JORC code and as such Akobo Minerals does not have
sufficient information to determine the true economic value of the Gingibil
target. An evaluation of the value of the target will only be possible after
drilling, bulk sampling, resource estimation and an assessment of the cost of
extraction.

For more information, contact:

Jørgen Evjen, CEO, Akobo Minerals

Mob: (+47) 92 80 40 14

Mail: jorgen@akobominerals.com

LinkedIn: www.linkedin.com/company/akobominerals

Web: www.akobominerals.com

About Akobo Minerals

Akobo Minerals is a Scandinavian-based gold exploration and boutique mining
company, currently holding an exploration license covering 182 km2 and with an
ongoing mine development in the Gambela region and Dima Woreda, Ethiopia. The
company has established itself as the leading gold exploration company in
Ethiopia through more than 12 years of on-the-ground activity.

Akobo Minerals holds a 16 km2 mining license and is working to start up mining
of its very promising Segele target. It has an Inferred and Indicated Mineral
Resource of 68.000 ounces yielding a world-class gold grade of 22.7 g/ton,
combined with an estimated all-in sustaining cost (AISC) of USD 243 per ounce.
Still open to depth, the gold mineralised zone continues to expand and will have
a positive impact on future resource estimates and mine-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 has an excellent relationship with local communities all the way
up to national authorities and we place environment and social governance (ESG)
at the heart of our activities - as demonstrated by a planned industry-leading
extending shared value program.

Akobo Minerals has built a strong local foothold based upon the principles of
sound ethics, transparency, and communication, and 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.

Akobo Minerals has a clear strategy aimed at building a portfolio of gold
resources through high-impact exploration and mining, whilst adhering to a lean
business operation. The company is headquartered in Oslo and is listed on the
Euronext Growth Oslo Exchange and Frankfurt Stock Exchange under the ticker
symbol, AKOBO.

Akobo Minerals fully meets and complies with all parts of the JORC code, 2012.
For further information, see https://www.jorc.org/

Competent Person for Exploration Results

The Competent Person who has overall responsibility for the exploration results
is Dr Matt Jackson BSc PhD MAusIMM. Dr Jackson is a Chartered Professional of
the Australasian Institute of Mining and Metallurgy which is a Recognized
Professional Organization (“RPO”) included in a list promulgated by the
Australian Securities Exchange (“ASX”) from time to time. He is a full time
employee of Akobo Minerals AB and has sufficient experience that is relevant to
the style of mineralization and type of deposit under consideration and to the
activity being undertaken to qualify as a Competent Person as defined in the
2012 Edition of the ‘Australasian Code for Reporting of Exploration Results,
Mineral Resources and Ore Reserves’. Dr Jackson consents to the inclusion in the
report of the matters based on his information in the form and context in which
it appears.

Kilde

[TekBot]

Akobo Minerals starts up operation of ultra-small plant to process first gold

OSLO, 03 April 2023:Akobo Minerals AB (publ) (Euronext and Frankfurt: AKOBO),
the Scandinavian-based Ethiopian gold exploration and boutique mining company,
today announced that it has reached a true milestone with the start of
…

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operations of its ultra-small plant and, with it, production of the company’s
first gold.

Key highlights

· Operational start-up acting as proof of concept
· Early test production commenced with washed out tailings
· Gold seen from first processed material - though with limited economic value
· Learning and preparation process for main plant - power, logistics and water
· Will continue production with stockpiled material
· Expecting increased grade and volume when production starts from Segele ore
body

[image]

Ultra small plant in action
Akobo gold

Jørgen Evjen, CEO of Akobo Minerals, said: “However you look at it, production
of our first gold is an important landmark for the company and is a real boost
for the employees following the incredible work they have already undertaken on
our road to full production. We had hoped for production by now from the main
processing plant, but this stop-gap measure of using a two tons/hour ultra-small
plant will allow us to use this proof-of-concept to iron out any issues now,
whilst also securing some early gold production.”

He added: “The final parts of the main plant are arriving in camp from Addis
Ababa shortly, so first production is expected during the second quarter of
2023. In the meantime, we are using the time to complete all necessary building
and operational elements of the plant and we will be well-placed for the main
plant’s successful integration once on-site.”

The ultra-small plant began operation last week with already washed-out tailings
from previous artisanal mining - and, surprisingly, actually extracted some
gold. The next stage is to feed the plant with crushed and milled material from
the locally sourced crushing machine which is also in operation. From this
point, there will be a step change in the volume of recovered gold, even before
the main processing plant is in situ.

The decision was taken to have an ultra-small plant delivered from Solo
Resources as a stop-gap measure while the main plant was en route from South
Africa, following delays primarily due to electricity shortages in the country
and cement shortages in Ethiopia. With a desire to ensure its first gold
production target was met on-time, the small plant acquisition demonstrates how
creative and nimble Akobo Minerals can be as it meets the challenge of operating
in a developing nation.

In recent weeks, significant levels of operational activity have been ramping up
on-site - from foundation work and construction to commissioning - to meet the
demands of a company that is building towards full gold production shortly.

For more information, contact:

Jørgen Evjen, CEO, Akobo Minerals

Mob: (+47) 92 80 40 14

Mail: jorgen@akobominerals.com

LinkedIn: www.linkedin.com/company/akobominerals

Web: www.akobominerals.com

About Akobo Minerals

Akobo Minerals is a Scandinavian-based gold exploration and boutique mining
company, currently holding an exploration license covering 182 km2 and with an
ongoing mine development in the Gambela region and Dima Woreda, Ethiopia. The
company has established itself as the leading gold exploration company in
Ethiopia through more than 12 years of on-the-ground activity.

Akobo Minerals holds a 16 km2 mining license and is working to start up mining
of its very promising Segele target. It has an Inferred and Indicated Mineral
Resource of 68.000 ounces yielding a world-class gold grade of 22.7 g/ton,
combined with an estimated all-in sustaining cost (AISC) of USD 243 per ounce.
Still open to depth, the gold mineralised zone continues to expand and will have
a positive impact on future resource estimates and mine-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 has an excellent relationship with local communities all the way
up to national authorities and we place environment and social governance (ESG)
at the heart of our activities - as demonstrated by a planned industry-leading
extending shared value program.

Akobo Minerals has built a strong local foothold based upon the principles of
sound ethics, transparency, and communication, and 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.

Akobo Minerals has a clear strategy aimed at building a portfolio of gold
resources through high-impact exploration and mining, whilst adhering to a lean
business operation. The company is headquartered in Oslo and is listed on the
Euronext Growth Oslo Exchange and Frankfurt Stock Exchange under the ticker
symbol, AKOBO.

Akobo Minerals fully meets and complies with all parts of the JORC code, 2012.
For further information, see https://www.jorc.org/

Kilde

[Hillside]

Er det noen som har et greit oversiktsbilde av Akobo?
Hvor mye gull/gullverdi er estimert i områdene de eier?
Hvor mye koster det omtrent å utvinne dette?
Hva er gjeld og kontantbeholdning?

[TekBot]

Akobo Minerals AB (publ) - New share capital registered

Reference is made to the stock exchange announcement on 10 March 2023 by Akobo
Minerals AB (publ) (“Akobo” or the “Company”) regarding the exercise of 377,000
options with a strike price of SEK 2.5 per share as granted by the general
…

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meeting held on 2020-10-12.

Following the issuance of 377,000 new shares in the Company the new share
capital in the Company is SEK 1,593,774.826797 divided into 42,889,606 shares,
each with a nominal value of SEK 0.03716. The shares are validly and legally
issued and fully paid-up. The new share capital was registered with the Swedish
Companies Registration Office (Sw:“Bolagsverket”) on 13 March 2023.

For further information, please contact:

Jørgen Evjen, CEO Akobo Minerals

Mob: +47 92 80 40 14

Mail: jorgen@akobominerals.com

LinkedIn: www.linkedin.com/company/akobominerals

Twitter: @akobominerals

Web: https://akobominerals.com

About Akobo Minerals

Akobo Minerals is a Scandinavian-based gold exploration and boutique mining
company, currently holding an exploration license covering 182 km2 and with an
ongoing mine development in the Gambela region and Dima Woreda, Ethiopia. The
company has established itself as the leading gold exploration company in
Ethiopia through more than 12 years of on-the-ground activity.

Akobo Minerals holds a 16 km2 mining license and is working to start up mining
of its very promising Segele target. It has an Inferred and Indicated Mineral
Resource of 68.000 ounces yielding a world-class gold grade of 22.7 g/ton,
combined with an estimated all-in sustaining cost (AISC) of USD 243 per ounce.
Still open to depth, the gold mineralised zone continues to expand and will have
a positive impact on future resource estimates and mine-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 has an excellent relationship with local communities all the way
up to national authorities and we place environment and social governance (ESG)
at the heart of our activities - as demonstrated by a planned industry-leading
extending shared value program.

Akobo Minerals has built a strong local foothold based upon the principles of
sound ethics, transparency, and communication, and 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.

Akobo Minerals has a clear strategy aimed at building a portfolio of gold
resources through high-impact exploration and mining, whilst adhering to a lean
business operation. The company is headquartered in Oslo and is listed on the
Euronext Growth Oslo Exchange and Frankfurt Stock Exchange under the ticker
symbol, AKOBO.

Akobo Minerals fully meets and complies with all parts of the JORC code, 2012.
For further information, see https://www.jorc.org/

Kilde

[Hillside]

Hører på ferske YT videoer at goldminers er priset veldig lavt i US også, men at det ventes heftig oppgang hvis gullprisen etablerer seg over $2000. Når neste bank får problemer så går vel kursen til 2500 i første omgang? Hvis Akobo er igang med god produksjon bør kursen nå 10-15kr da tenker jeg.

[arctica76]

Flere gode nyheter fra Akobo!

Akobo Minerals on LinkedIn: #gold #mining #exploration #ethiopia

[TekBot]

Akobo Minerals AB (publ) terminates market making agreement with SpareBank 1 Markets AS

Reference is made to the stock exchange release on 27.08.2021 regarding a market
making agreement with SpareBank 1 Markets AS. Akobo Minerals AB (publ) has
decided to terminate this agreement. The last effective day for providing market
…

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making will be 30.06.2023.

For more information contact

Jørgen Evjen, CEO

Mob.: (+47) 92 80 40 14

Mail: jorgen@akobominerals.com

Kilde

[TekBot]

Financial calendar

Financial calendar for Akobo Minerals AB (publ)

FINANCIAL YEAR 2023
…

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07.09.2023 - Half-yearly Report
01.06.2023 - Annual Report
19.06.2023 - Annual General Meeting

08.06.2023 - Quarterly Report - Q1
07.12.2023 - Quarterly Report - Q3
07.03.2024 - Quarterly Report - Q4

This information is published pursuant to the requirements set out in the Continuing obligations.

Kilde

[TekBot]

Kallelse till årsstämma i Akobo Minerals AB (publ)

Aktieägarna i Akobo Minerals AB (publ), org nr 559148-1253 (“Bolaget”), kallas
härmed till årsstämma den 19 juni 2023 kl. 10.00 i Bolagets lokaler på Södra
Allégatan 13, 413 01 Göteborg.
…

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Deltagande

Aktieägare som vill delta på bolagsstämma ska:

· dels vara införd i den av Euroclear Sweden AB förda aktieboken den 9 juni
2023 (tillfällig inregistrering av aktieägare registrerade vid norska
värdepapperscentralen, Euronext Securities Oslo (tidigare VPS) görs av DNB Bank
ASA efter anmälan av aktieägare enligt instruktionerna nedan); och
· dels anmäla sitt deltagande till Bolaget senast den 13 juni 2023. Anmälan
ska ske via e-post till ir@akobominerals.com eller via post till Bolaget under
adress Akobo Minerals AB (publ), Södra Allégatan 13, 413 01 Göteborg.

Vid anmälan ska uppges namn, person- eller organisationsnummer, adress,
telefonnummer, antal aktier samt eventuella biträden eller ombud (högst två).
Till anmälan ska även, i förekommande fall, till exempel avseende juridiska
personer, bifogas fullständiga behörighetshandlingar såsom registreringsbevis
eller motsvarande.

Ombud etc.

Aktieägare som företräds genom ombud ska utfärda skriftlig, av aktieägaren
undertecknad och daterad fullmakt för ombudet. Fullmaktens giltighetstid får
vara högst fem år om det särskilt anges. Anges ingen giltighetstid gäller
fullmakten högst ett år. Om fullmakten utfärdas av juridisk person ska kopia av
registreringsbevis eller motsvarande för den juridiska personen bifogas.
Registreringsbeviset får inte vara utfärdat tidigare än ett år före
stämmodagen. Fullmakten i original samt eventuellt registreringsbevis bör i god
tid före bolagsstämman insändas per brev till Bolaget på ovan angiven adress.
Fullmaktsformulär finns tillgängligt på Bolagets hemsida www.akobominerals.com.

Förvaltarregistrerade aktier

För att ha rätt att delta i stämman måste en aktieägare som låtit
förvaltarregistrera sina aktier, förutom att anmäla sig till stämman låta
registrera aktierna i eget namn så att aktieägaren blir upptagen i
framställningen av aktieboken per avstämningsdagen den 9 juni 2023. Sådan
omregistrering kan vara tillfällig (s.k. rösträttsregistrering) och begärs hos
förvaltaren enligt förvaltarens rutiner i sådan tid i förväg som förvaltaren
bestämmer. Rösträttsregistrering som gjorts av förvaltaren senast den 13 juni
2023 kommer att beaktas vid framställningen av bolagsstämmoaktieboken.

Speciellt för aktieägare registrerade vid Euronext Securities Oslo

Aktieägare registrerade vid Euronext Securities Oslo (tidigare VPS) som inte är
registrerade vid Euroclear Sweden AB, Sverige, och önskar bli röstberättigade
vid bolagsstämman måste göra anmälan härom till DNB Bank ASA senast den 2 juni
2023 kl 12.00 CEST. Anmälan skickas till DNB Bank ASA, Verdipapirservice, PB
1600 Sentrum, N-0021 Oslo, eller e-mail vote@dnb.no. Vid anmälan ska anges namn,
person- eller org. nr samt antal aktier. DNB Bank ASA kommer tillfälligt att
inregistrera aktierna hos Euroclear Sweden AB i aktieägarens namn. Aktieägare
registrerade vid Euronext Securities Oslo måste därutöver anmäla sig hos Bolaget
enligt ovan för att erhålla rösträtt vid bolagsstämman. Aktieägare registrerade
vid Euronext Securities Oslo som endast har anmält sig hos Bolaget får delta i
bolagsstämman utan rösträtt.

Förslag till dagordning

1. Val av ordförande vid stämman.
2. Upprättande och godkännande av röstlängd.
3. Godkännande av dagordning.
4. Val av en eller två justeringsmän.
5. Prövning av om stämman blivit behörigen sammankallad.
6. Framläggande av årsredovisning och revisionsberättelse samt
   koncernredovisning och koncernrevisionsberättelse.
7. Beslut om:

a) fastställelse av resultaträkning och balansräkning samt
koncernresultaträkning och koncernbalansräkning.

b) dispositioner beträffande bolagets vinst eller förlust enligt den fastställda
balansräkningen.

c) ansvarsfrihet åt styrelseledamöter och verkställande direktören.

8. Fastställande av arvoden till styrelsen och revisor.
9. Val av styrelse och revisor.
10. Beslut om ny bolagsordning.
11. Beslut om antagande av incitamentsprogram för ledande befattningshavare
12. Beslut om bemyndigande för styrelsen att fatta beslut om emission av aktier
    med avvikelse från aktieägarnas företrädesrätt till vissa långivare.
13. Beslut om bemyndigande för styrelsen att fatta beslut om nyemission av
    aktier, teckningsoptioner och/eller konvertibler med avvikelse från aktieägarnas
    företrädesrätt.
14. Beslut om bemyndigande för styrelsen att fatta beslut om nyemission av
    aktier, teckningsoptioner och/eller konvertibler utan avvikelse från
    aktieägarnas företrädesrätt.
15. Stämmans avslutande.

Punkt 8 - Fastställande av arvoden till styrelsen och revisor

Kanoka Invest AS (“Aktieägaren”) som representerar cirka 2,4 procent av aktierna
och rösterna i Bolaget föreslår att stämman fattar beslut om att, för tiden fram
till nästa årsstämma, ska styrelsens ordförande arvoderas med 300 000 SEK och
övriga ordinarie styrelseledamöter ska arvoderas med 175 000 SEK vardera.
Revisorn föreslås ersättas mot godkänd räkning.

Punkt 9 - Val av styrelse och revisor

Aktieägaren föreslår att stämman fattar beslut om att, intill tiden för nästa
årsstämma, omvälja Hans Olav Torsen, Carl Eide och Helge Rushfeldt till
ordinarie styrelseledamöter. Aktieägaren föreslår vidare att revisionsbolaget
Frejs Revisorer AB omväljs till Bolagets revisor med den auktoriserade revisorn
Sébastien Argillet som huvudansvarig revisor.

Punkt 10 - Beslut om ny bolagsordning

Styrelsen föreslår att stämman fattar beslut om att anta en ny bolagsordning
varvid nedan angivna punkter föreslås ändras till följande lydelse.

§ 4. Aktiekapital

Aktiekapitalet ska vara lägst 1 590 448 kronor och högst 6 361 792 kronor.

§ 5. Antal aktier

Antalet aktier ska vara lägst 42 800 000 och högst 171 200 000.

Stämmans beslut är giltigt endast om det har biträtts av aktieägare med minst
2/3 av såväl de avgivna rösterna som de på stämman företrädda aktierna.

Punkt 11 - Beslut om antagande av incitamentsprogram för ledande
befattningshavare, anställda och externa nyckelpersoner

Aktieägaren föreslår att bolagsstämman beslutar om antagande av ett långsiktigt
incitamentsprogam för vissa ledande befattningshavare, anställda och externa
nyckelpersoner genom en riktad emission av teckningsoptioner.

Bakgrund och motiv

Aktieägaren anser att det är i Bolagets och aktieägarnas intresse att vissa
nyckelpersoner i Bolaget görs delaktiga i Bolagets utveckling genom att de
erbjuds teckningsoptioner inom ramen för ett incitamentsprogram. Aktieägaren
lämnar därför följande förslag till beslut om emission av teckningsoptioner.

Förslag till beslut om emission av teckningsoptioner

Aktieägaren föreslår att bolagsstämman beslutar om emission av högst 800 000
teckningsoptioner (2023/2027), innebärande en ökning av aktiekapitalet vid fullt
utnyttjande med högst cirka 29 728 SEK (beräknat på ett kvotvärde om 0,037160
kr/aktie). För beslutet ska i övrigt följande villkor gälla.

1. Rätt att teckna teckningsoptionerna ska, med avvikelse från aktieägarnas
   företrädesrätt, endast tillkomma vissa nyckelpersoner i Bolaget enligt följande
   fördelning:

· Johan Sjöberg (Chief Exploration Manager) högst 100 000 teckningsoptioner
· Matt Jackson (Chief Operations Officer) högst 100 000 teckningsoptioner
· Tesfaye Medhane (vd i dotterbolaget Etno Mining Ltd) högst 100 000
teckningsoptioner
· Cathryn MacCallum (Head of ESG), högst 100 000 teckningsoptioner
· Aurel Aldea (Ekonomichef), högst 100 000 teckningsoptioner
· Manie Nienaber, (Process Plant Manager), högst 100 000 teckningsoptioner
· Steven Ruprecht (Gruvkonsult), högst 100 00 teckningsoptioner
· Johan Derbyshire (Metallurgical Consultant), högst 100 000 teckningsoptioner

Skälet till avvikelsen är för att skapa förutsättningar för att behålla
kompetenta personer i koncernen samt att öka motivationen hos sådana personer.
Mot bakgrund av programmets villkor samt övriga omständigheter bedömer
Aktieägaren att förslaget är fördelaktigt för Bolaget och dess aktieägare.

2. En (1) teckningsoption berättigar till teckning av en (1) ny aktie i Bolaget
   till en teckningskurs motsvarande 8,50 NOK/aktie. Växelkursen mellan NOK och SEK
   som ska används vid aktieteckning på grund av teckningsoptioner ska vara den
   officiella NOK/SEK-växelkursen som publicerats av Norges Bank fem (5)
   arbetsdagar innan Bolagets årsstämma 2022-06-19. Hela överkursen ska föras till
   den fria överkursfonden.

3. Teckningsoptionerna ges ut vederlagsfritt.

4. Teckning av teckningsoptionerna ska ske på separat teckningslista inom en
   (1) månad från dagen för emissionsbeslutet.

5. Överteckning kan inte ske.

6. Styrelsen äger rätt att förlänga teckningstiden.

7. Teckning av aktier med stöd av teckningsoptioner kan äga rum under perioden
   från och med den dag teckningsoptionerna registrerats hos Bolagsverket fram till
   och med 2027-06-19 förutsatt att innehavaren av teckningsoptioner, vid
   tidpunkten denne tecknar aktier med stöd av teckningsoptioner, inte har tillgång
   till insiderinformation enligt definitionen i marknadsmissbruksförordningen och
   under förutsättning att teckning av aktier inte sker under en sk “Closed Period”
   enligt definitionen i Bolagets policy för insiderhandel och
   marknadsmissbruksförordningen.

Beslutet enligt detta förslag är giltigt endast om det har biträtts av
aktieägare med minst nio tiondelar av såväl de avgivna rösterna som de aktier
som är företrädda vid bolagsstämman.

Punkt 12 - Beslut om bemyndigande för styrelsen att fatta beslut om emission av
aktier med avvikelse från aktieägarnas företrädesrätt till vissa långivare

Styrelsen föreslår att stämman fattar beslut om att lämna styrelsen bemyndigande
att med avvikelse från aktieägarnas företrädesrätt, intill tiden för nästa
årsstämma, vid ett eller flera tillfällen, fatta beslut om nyemission av aktier.
Betalning för aktier emitterade med stöd av bemyndigandet ska ske genom
kvittning. Emissionen/emissionerna ska ske i enlighet med villkoren i det
konvertibla låneavtalet om 49,175 miljoner NOK som offentliggjordes den 5 juli
2022. Styrelsens beslut om emission av aktier får medföra en sammanlagd ökning
av antalet aktier i Bolaget med högst 13 000 000 aktier. Vid fullt nyttjande av
bemyndigandet uppgår utspädningen till cirka 23,26 procent beräknat på nuvarande
antal aktier i Bolaget.

Stämmans beslut är giltigt endast om det har biträtts av aktieägare med minst
2/3 av såväl de avgivna rösterna som de på stämman företrädda aktierna.

Punkt 13 - Beslut om bemyndigande för styrelsen att fatta beslut om emission av
aktier, teckningsoptioner och/eller konvertibler med avvikelse från aktieägarnas
företrädesrätt

Styrelsen föreslår att stämman fattar beslut om att lämna styrelsen bemyndigande
att med avvikelse från aktieägarnas företrädesrätt, intill tiden för nästa
årsstämma, vid ett eller flera tillfällen, fatta beslut om nyemission av aktier,
teckningsoptioner och/eller konvertibler. Emissionen/emissionerna skall kunna
ske mot kontant betalning och/eller genom apport och/eller kvittning. Emission i
enlighet med bemyndigandet ska ske på marknadsmässiga villkor, med förbehåll för
eventuell marknadsmässig emissionsrabatt, som Bolagets styrelse vid varje
enskilt tillfälle bedömer råda. Styrelsens beslut om emission av aktier,
teckningsoptioner och/eller konvertibler får medföra en sammanlagd ökning av
antalet aktier i Bolaget med högst 7 600 000 aktier (vid full teckning med stöd
av sådana teckningsoptioner och/eller full konvertering av sådana konvertibler
och före en eventuell omräkning enligt villkoren för teckningsoptionerna
och/eller konvertiblerna). Vid fullt nyttjande av bemyndigandet uppgår
utspädningen till cirka 15 procent beräknat på nuvarande antal aktier i Bolaget.

Stämmans beslut är giltigt endast om det har biträtts av aktieägare med minst
2/3 av såväl de avgivna rösterna som de på stämman företrädda aktierna.

Punkt 14 - Beslut om bemyndigande för styrelsen att fatta beslut om emission av
aktier, teckningsoptioner och/eller konvertibler utan avvikelse från
aktieägarnas företrädesrätt

Styrelsen föreslår att stämman fattar beslut om att lämna styrelsen bemyndigande
att utan avvikelse från aktieägarnas företrädesrätt, intill tiden för nästa
årsstämma, vid ett eller flera tillfällen, fatta beslut om nyemission av aktier,
teckningsoptioner och/eller konvertibler. Emissionen/emissionerna skall kunna
ske mot kontant betalning och/eller genom apport och/eller kvittning. Emission i
enlighet med bemyndigandet ska ske på marknadsmässiga villkor, med förbehåll för
eventuell marknadsmässig emissionsrabatt, som Bolagets styrelse vid varje
enskilt tillfälle bedömer råda. Bolagets aktiekapital och antalet aktier får med
stöd av bemyndigandet sammanlagt ökas med ett belopp respektive antal som ryms
inom ramen för vid var tid gällande bolagsordning.

Antalet aktier och röster i Bolaget
Vid tidpunkten för utfärdandet av denna kallelse uppgår det totala antalet
registrerade aktier och röster i Bolaget till 42 889 606. Bolaget innehar inga
egna aktier.

Övrigt

Årsredovisningen och revisionsberättelsen kommer att hållas tillgängliga på
Bolagets kontor och hemsida senast tre (3) veckor före stämman. Fullständiga
förslag till beslut under punkten 8-14 kommer att finnas tillgängliga på
Bolagets kontor och hemsida senast två (2) veckor före stämman. Kopior på
handlingarna sänds på begäran utan avgift till aktieägare som begär det och
uppger sin postadress. Bolagets aktieägare har rätt att, där styrelsen bedömer
att det kan ske utan väsentlig skada för Bolaget, på bolagsstämman begära att
styrelsen lämnar upplysningar om förhållanden som kan inverka på bedömningen av
ett ärende på dagordningen (aktieägarnas frågerätt i enlighet med 7 kap. 32 och
57 §§).

Behandling av personuppgifter

För information om hur dina personuppgifter behandlas hänvisas till den
integritetspolicy som finns tillgänglig på Euroclear Swedens webbplats:
https://www.euroclear.com/dam/ESw/Legal/Integritetspolicy_for_deltagare_pa_bolags
stammor_20181023.pdf

Göteborg i maj 2023

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Akobo Minerals AB (publ) Annual Accounts 2022

OSLO, 01 June 2023: Akobo Minerals AB (publ) (EURONEXT: AKOBO) today
reported its annual accounts for 2022. The 2022 annual accounts report is
attached to this OSE filing and is available to view on the Akobo Minerals
…

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