Akobo Minerals AB

Akobo Minerals is a Scandinavian-based gold exploration and mining company listed on Euronext Oslo. Headquartered in Oslo, Norway, the Company operates in the highly prospective Akobo region of southwest Ethiopia, within the underexplored Arabian-Nubian Shield (ANS) mineral belt. Akobo has successfully transitioned from explorer to producer through the development of the Segele gold mine, one of the world's highest-grade operating gold deposits, with an average reserve grade of 22.7 g/t gold. The Company combines gold production, resource growth, and district-scale exploration across a large land package with substantial discovery potential. Focused on operational excellence, responsible mining, and sustainable development, Akobo aims to expand production, grow its resource base, and create long-term value for shareholders, local communities, and other stakeholders.

Management Profile:
Jørgen Evjen is the Chief Executive Officer of Akobo Minerals and has more than 25 years of international experience in the mining, natural resources, and investment sectors. He has been instrumental in leading Akobo's transition from exploration company to gold producer, overseeing project development, financing, stakeholder engagement, and corporate strategy. Prior to joining Akobo, he held senior management across multiple jurisdictions. Mr. Evjen works closely with the Board, investors, government authorities, and local communities to support the Company's growth strategy and long-term development in Ethiopia.

What are your key goals for the next 3 months?:
- Continue ramp-up of underground mining and increase development rates at the Segele mine.
- Deliver consistent gold production while maintaining strong ore grades.
- Advance development of the new vertical shaft to support future mining capacity and operational flexibility.
- Complete the first gold export to an LBMA-accredited refinery.
- Secure approval of the new 1,200 km² exploration licence area, creating one of the largest exploration land packages in Ethiopia's Arabian-Nubian Shield.

What are your key goals for the next 6 months?:
- Complete and commission the new vertical shaft, materially increasing mining capacity, gold production, and operational efficiency at a relatively modest incremental capital cost.
- Advance underground development to provide greater operational flexibility and access to additional mining areas.
- Advance resource definition drilling and near-mine exploration to support future mine growth and mine life extension.
- Progress strategic initiatives to strengthen the Company's financial position and optimize its capital structure.

What are your key goals for the next 12 months?:
- Establish Segele as a stable, cash-generating underground gold operation with sustained and predictable production performance.
- Increase mineral resources and demonstrate the broader potential of Akobo's land package within the Arabian-Nubian Shield.
- Continue evaluating opportunities for production growth and regional expansion within Ethiopia.
- Advance high-priority exploration targets towards new discoveries and future development opportunities.
- Position Akobo for its next phase of growth through expanded production capacity, resource growth, and continued exploration success.
- Increase investor awareness and broaden the shareholder base.

What do you think makes your company such a compelling investment?:
Akobo Minerals offers investors a high-margin, growth-oriented gold investment in Ethiopia's highly prospective Arabian-Nubian Shield: High-Grade Production: Successfully transitioned to producer status at the flagship Segele mine, one of the highest-grade gold deposits in production globally, with reserve grades of 22.7 g/t gold and a new vertical shaft driving increased output and operating efficiency. District-Scale Upside: Substantial exploration and low-capital growth potential across a large, underexplored gold belt. Strong In-Country Foundation: 15+ years of operational experience, strong stakeholder relationships, and a strategic partnership with Ethiopian Investment Holdings (EIH). First-Mover Advantage: One of the first international mining companies to successfully establish modern gold production in Ethiopia.

What are your corporate activities?:
- Balance sheet refinancing and debt restructuring
- Gold loan facilities
- Offtake agreements
- Mezzanine financing
- Strategic investments
- Investor engagement