Akobo Minerals: Operational update for October 2025

Akobo Minerals AB, the Scandinavian-based gold producer operating in Ethiopia, provided the following operational update for October 2025.

  Expert shaft sinking team working on the top part of the vertical shaft and with water diversion
© Akobo

• Doré gold production for October is approximately 7.0 kg, exceeding the monthly target of 5 kg
• Cumulative doré production to date is approximately 58 kg
• Steady operational performance continues at the Segele mine, with production well balanced against ongoing work on the vertical shaft
• Gold price still at record high levels
• Mobilization and site preparation for the vertical shaft have commenced
• Headgear fabrication is on schedule, with load testing planned for early November and packing and shipment to site expected by the end of the month
• Of the total 60 m planned in phase 1 of the shaft development, 15 m have been completed, with an additional 15 to 20 m expected before reaching hard rock – keeping the project on schedule
• Ongoing camp upgrades are underway to improve the quality of life for site personnel. Works include the construction of multiple ablution blocks, upgrades to the catering kitchen, and installation of a potable water treatment plant to reduce plastic use on site

www.akobominerals.com