Gold mining investments Africa-focused miner Akobo Minerals has announced to the media it is advancing its gold mining activities in Ethopia, with data obtained from consultants confirming the project’s economic feasibility.
“Our maiden resource estimate done by SRK Consulting indicates 52 000 oz at 20.9 g/t on average, which is fairly astonishing,” said
Jørgen Evjen, the chief executive of Akobo Minerals, as quoted in a press release communicated by the company which is based in Gö-teborg, Sweden.
In late 2021, the miner announced it will continue to develop its gold projects in Ethiopia despite the decision by the country’s authorities to impose a state of emergency.
“To complement the drilling, surface exploration is underway in the areas surrounding the Segele project with the intention of identifying new targets. Work on the mining studies is also ongoing with social baseline study in progress at the project,” according to Akobo Miner-als.
The miner says it launched its activities in Ethiopia in 2009.