Akobo Minerals achieves first quarterly positive EBITDA

Akobo Minerals reported Q3 2025 total doré gold production of approximately 21.5 kg, marking the company's first quarter of positive EBITDA in its 15-year history. September production reached approximately 6.5 kg, surpassing the monthly target of 5 kg. Cumulative doré production to date has reached approximately 51.5 kg, supported by record-high gold prices.

Operational developments include the initiation of plant optimisation by new operations manager Johnny Swanepoel, significant efforts in cleaning and gold recovery, and progress on vertical shaft fabrication and planning. The mobilisation of heavy equipment and an expert shaft-sinking team is underway, further supporting consistent mining operations and stable plant performance.

Akobo Minerals operates in Ethiopia, holding an exploration license for 182 km2 and a mining license for 16 km2. Its Segele mine has an Inferred and Indicated Mineral Resource of 68,000 ounces, with a high gold grade of 22.7 g/ton.