Akobo Minerals issues update on gold production at Segele mine
Akobo Minerals AB outlines some key developments at the Segele gold mine. January’s output was slightly over 2 kg, bringing total production to 17 kg. This was expected due to temporary safety-related halts in operations.
Stoping has begun at the Western Winze, while the Eastern Winze is preparing for the next stage. The focus will now be on ore mining, ensuring more stable production. The all-time high in gold prices should positively impact cash flow.
Efficiency
A new 100 tpd vertical mine shaft is being developed to enhance underground access and improve efficiency. Phase 1 involved an initial depth of 60 m, extendable to 120 m with completion timeline of 12 to16 weeks.
Hoisting capacity of approximately three t per hoist, with a total capacity of up to 100 tpd, depending on underground ore availability. This will improve ore transportation, allow for better gold recovery (from 60% to 93%), and align production with processing capacity.
Overall, this shift toward a more efficient mining infrastructure positions Akobo Minerals for improved long-term output and financial performance. Akobo Minerals’ drilling activity at Segele has so far shown outstanding high-grade gold results. Akobo Minerals is working with ALS Global – a leading full-service and ISO certified provider of analytical geochemistry services – which undertakes sample preparation and analyses performed to the highest international quality standards. Extensive geological work has been conducted with a strong emphasis on the quality of drilling and sampling (QAQC).
