<p>Akobo Minerals announced that the Ethiopian Council of Ministers has accepted the Large Scale Mining Licence application submitted by the company on the 7th of September 2021. The application was developed in close dialogue with the Ministry of Mines and Petroleum with whom the company intends to continue its successful partnership. The success of this process gives Akobo Minerals great confidence to bring forward mining plans for the high-grade Segele gold mineralisation. The future Segele Mine will a be positive development for Ethiopia and the community near the project.</p><p>The final stage in the process is the signing of a Mining Agreement which is scheduled for the 30th of September. Upon signing Akobo Minerals will release more information covering key clauses.</p><p>Akobo Minerals, is a Norway-based gold exploration company, currently with ongoing exploration in the Gambela region and Dima Woreda, southwest Ethiopia. The operations were established in 2009 by people with long experience from the public mining sector in Ethiopia and from the Norwegian oil service industry. </p><p>Akobo Minerals holds an exploration license over key targets in the area. Economic mineralisation was discovered and the company is engaged in mining studies to advance the project to production, alongside exploration core drilling. Akobo Minerals is transforming its organisation to support an increased pace of core drilling. At both the key targets Segele and Joru the company has so far released exceptionally high-grade gold results including the Segele deposit with an Inferred Mineral Resource of 78ktons at 20.9g/t.</p>
<p>Akobo Minerals announced that the Ethiopian Council of Ministers has accepted the Large Scale Mining Licence application submitted by the company on the 7th of September 2021. The application was developed in close dialogue with the Ministry of Mines and Petroleum with whom the company intends to continue its successful partnership. The success of this process gives Akobo Minerals great confidence to bring forward mining plans for the high-grade Segele gold mineralisation. The future Segele Mine will a be positive development for Ethiopia and the community near the project.</p><p>The final stage in the process is the signing of a Mining Agreement which is scheduled for the 30th of September. Upon signing Akobo Minerals will release more information covering key clauses.</p><p>Akobo Minerals, is a Norway-based gold exploration company, currently with ongoing exploration in the Gambela region and Dima Woreda, southwest Ethiopia. The operations were established in 2009 by people with long experience from the public mining sector in Ethiopia and from the Norwegian oil service industry. </p><p>Akobo Minerals holds an exploration license over key targets in the area. Economic mineralisation was discovered and the company is engaged in mining studies to advance the project to production, alongside exploration core drilling. Akobo Minerals is transforming its organisation to support an increased pace of core drilling. At both the key targets Segele and Joru the company has so far released exceptionally high-grade gold results including the Segele deposit with an Inferred Mineral Resource of 78ktons at 20.9g/t.</p>
