Akobo Minerals : Q3 presentation 2021

Third quarter presentation

- 2021

Disclaimer

This document has been used during an oral presentation. Therefore, this document is incomplete without the oral explanations, comments and supporting instruments that were submitted during the referred presentation. To the extent permitted by law, no representation or warranty is given, express or implied, as to the accuracy of the information contained in this document.

Some of the statements made in this document contain forward-looking statements. To the extent permitted by law, no representation or warranty is given, and nothing in this document or any other information made available during the oral presentation should be relied upon as a promise or representation as to the future condition of Akobo Mining's business.

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Table of Contents

I Introduction

1. Operational update
   III Financial update

IV Q & A

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Gold Exploration and Mining Company With Significant Gold Potential

11+ years on-the-ground experience

Experienced team and good relationship with local authorities

182 km2 exploration license in Akobo, Ethiopia

An attractive gold-mining jurisdiction 710 km from Addis

16 km2 mining license granted

Potential for significant cash flow from the Segele deposit

Modern machines and equipment

3 drill rigs in operation

Maiden resource estimate done by SRK

Inferred Mineral Resource 52.410oz @ 20,9g/t Au, and confirms international standard on QAQC

Location of License in Akobo, Ethiopia

High margin gold production envisaged

All In Sustaining Costs USD $243 per ounce

Potential mineralized zone/strike of 15km

Identified between our main targets Segele and Joru

Long term goal of defining 1.5-2 million oz gold

Optimal development of license area with both exploration and mining

4 Source: Company

Key events third quarter 2021

Events during third quarter

• Applies for and is awarded a large-scale mining license for gold and associated minerals
• Listed on Euronext Growth
• Completes its Segele scoping study with very favorable project economics
• Peacocke and Simpson awarded contract for metallurgical testwork at the Segele project
• Continued High Grade Intersections at Joru, and Segele
• Sources the first drill rig from Midroc

Events after the period

• Sources the second drill rig from Midroc
• TS Environment contracted for Environmental studies in Akobo
• Receives very positive results from metallurgical testwork, potential for greater than previously expected revenue generation
• Segele gold mineralization continues at depth with high grade intersections intercepted at 170 meters
• 1st drill program completed at Joru - rig to be moved to Segele

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