Akobo Minerals – Operational Update for July 2025

Highlights

• World-class average grade at 45 g/t, compared to typical global averages of 1 – 5 g/t
• Contribution from July: ~8 kilograms (approx. US$ 750 000)
• Total doré gold production to date: ~38 kg
• Highest average purity to date, exceeding 90 %
• Cash flow positive, with breakeven at approximately 5 kg/month

Smelting process
© Akobo

• Two 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 US$ 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 update

Ethiopian Investment Holdings (EIH), the Sovereign Investment Fund of Ethiopia, has completed a US$ 3 million investment in Akobo Minerals – its first international investment. This represents a strong endorsement of the Company’s operations and growth potential.

www.akobominerals.com