MINING REFINING

Akobo Minerals announces first gold bar produced from Segele mine

Mon Oct 14 2024

Akobo Minerals, a Scandinavian-based gold exploration and mining company with operations in Ethiopia, has announced the successful production of the first gold bar from its Segele Mine. This significant milestone marks the beginning of gold production as the company moves forward with its operational plans. The 1.4 kg gold bar was smelted from approximately 170 t of lower-grade material collected and processed from development tunnels, located on the edge of the Segele ore body. This initial batch yielded an average grade of 8 g/t. While the results are very promising, it is too early to provide a definitive recovery rate or the gold purity grade, as the process is still in its early stages. The company anticipates mining higher-grade ore once stoping activities begin.

Importantly, the tailings generated from this initial processing phase will be stored and later reprocessed through Carbon-in-Leach (CIL) tanks once these are fully operational. This additional step will allow Akobo Minerals to maximise recovery and ensure maximum extraction of gold from its mineral resources.

Next, the company will continue blasting and stockpiling material from the Segele mine, followed by further production batches. As production progresses, it expects both an increase in the gold content from the mine and improved recovery rates from the processing plant.

Source: https://www.globalminingreview.com