Akobo Minerals: Operational update for August 2025

Akobo Minerals AB provided its operational update for August 2025.

Highlights

• Doré gold production of ~7 kg (5 kg smelted, 2 kg in process ~ 700.000 US$), exceeding our minimum target of 5 kg
• Total doré gold production to date: ~45 kg
• Successful closing of the Ethiopian Investment Holdings (EIH) private placement
• Appointment of new Operations Manager at site, Johnny Swanepoel from Sutton. Johnny brings extensive experience from mining and processing, with a proven track record of maximizing gold recovery and ensuring high purity from ore
• All time high gold price contributing positively to operational cash flow

  New shaking table operational
© Akobo

Operational Developments

• Two new large shaking tables were installed and successfully tested, improving efficiency in gold recovery
• Headgear for the new vertical shaft, identified as the long-lead item, is in production following payment of the first deposit
• The team maintained strong performance despite heavy rain and challenging site conditions
• The sink shaft team is expected on site in the coming weeks, with equipment mobilization currently in progress

www.akobominerals.com