Akobo Minerals
Akobo Minerals currently has ongoing exploration in the Akobo area through its wholly owned subsidiary Etno Mining Plc. 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.
The Akobo project is situated in a budding gold district in Southwestern Ethiopia, where alluvial mining with hand methods is widespread. Our area is a part of the lowland of the Akobo Basin, an area dominated by flat to hilly grass- and tree-covered savannah terrain.
Predecessors to Akobo Minerals explored the Akobo area already back in 1998-1999. Regional soil sampling gathered 635 samples, 526 of these contained visible gold when panned. This first effort also identified several gold bearing quartz veins. However until 2010 the extensive Akobo district, until a few decades ago a very sparsely populated area, had not yet been systematically explored. First in 2010 when Akobo Minerals was granted a large exploration permit covering the region did the extensive exploration work start.