Akobo Minerals - Operational Update for August 2025

11 Sep 2025 08:32 CEST

Oslo, Norway, 11 September 2025 - Akobo Minerals AB (publ) ("Akobo" or the
"Company") (Euronext Growth Oslo: AKOBO), the Scandinavian-based gold producer
operating in Ethiopia, provides its operational update for August 2025.

Highlights

· Doré gold production of ~7 kg (5 kg smelted, 2 kg in process ~ 700.000 USD),
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

[image]

New shaking table operational

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

As Ethiopia celebrates its New Year today, Akobo Minerals extends its best
wishes to our employees, partners, and the wider community for a prosperous and
peaceful year ahead.

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 (https://protect.checkpoint.com/v2/___htt
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Web:
www.akobominerals.com (https://protect.checkpoint.com/v2/___http://www.akobomine
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als.com/___.YzJlOnNjaGpkdGFzOmM6bzoxMGRjOGE2MTZmMDIwYTc1M2VhODk0MjA0YzI4NGU2MTo2
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About Akobo Minerals

Akobo Minerals is a Scandinavian-based gold producer, currently holding an
exploration license covering 182 km2 and a mining license covering 16 km2 in the
Gambela region and Dima Woreda, Ethiopia. With over 15 years of active
operations on the ground, the company has established a strong foothold in
Ethiopian mining industry.

Akobo Minerals' Segele mine has an Inferred and Indicated Mineral Resource of
68,000 ounces, yielding a world-class gold grade of 22.7 g/ton The mineralized
zone remains open at depth, supporting future resource estimates and extending
the mine's 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 maintains strong relationships with local communities and
government authorities, placing ESG principles at the core of its operations.
The company's commitment to sound ethics, transparency, and stakeholder
engagement is evident through its industry-leading extended shared value
program.

Akobo Minerals 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.

The company is headquartered in Oslo and is publicly listed on the Euronext
Growth Oslo Exchange and the Frankfurt Stock Exchange under the ticker symbol
AKOBO. For US investors, the company is traded on the OTC Pink Market (OTC:
AKOBF).

Akobo Minerals places great emphasis on meeting and exceeding industry
standards, fully complying with all aspects of the JORC code, 2012. For detailed
information on their adherence to this code, please refer to
https://www.jorc.org/.

More information:
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