By: Akobo minerals

Akobo Minerals AB (publ) (“Akobo” or the “Company”) provides an operational update related to the current fuel supply situation and its impact on the Segele mine.

Disruptions in global fuel supply, including reduced tanker traffic through the Strait of Hormuz, have constrained fuel availability in Ethiopia, which relies on imported diesel. Against this background, and as a precautionary measure, the Company will temporarily scale back operations at Segele, while maintaining readiness to resume operations as soon as reliable diesel deliveries are restored. This measure is implemented in a structured and controlled manner.

Based on the latest information, the Company expects a diesel shipment to reach site in early May. The situation is monitored continuously, and the Company is prepared to rapidly remobilise operations once reliable diesel deliveries are confirmed.

The situation does not affect the Company’s mineral resources, underground infrastructure or long-term development plans for the Segele mine.

The Company has sufficient liquidity to manage the temporary disruption in the short term and continues to maintain a constructive dialogue with key stakeholders.

Akobo will provide further updates as appropriate.

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 

Web: www.akobominerals.com  

About Akobo Minerals 

Akobo Minerals is a Scandinavian-based gold producer and explorer with over 15 years of active operations in Ethiopia. The Company holds an exploration licence covering 182 km² and a mining licence covering 16 km² in the Gambela region and Dima Woreda.

The Segele mine hosts an Indicated and Inferred Mineral Resource of approximately 69,000 ounces at a high average grade of 22.7 g/t gold. The mineralised system remains open at depth, supporting further resource growth and mine life extension. In addition, the Company’s exploration licence hosts multiple high-quality targets with significant resource-building potential.

Akobo Minerals places ESG principles at the core of its operations, maintaining strong relationships with local communities and government authorities. The Company is committed to sound ethics, transparency and responsible mining practices.

Akobo Minerals is headquartered in Oslo and is listed on Euronext Growth Oslo and the Frankfurt Stock Exchange under the ticker AKOBO. In the United States, the Company’s shares trade on the OTC Pink Market under the symbol AKOBF.

The Company fully complies with the JORC Code (2012) and places strong emphasis on meeting recognised industry standards.