Akobo Minerals AB (publ) announced that it has intersected visible gold at 205 meters hole depth as part of its extension drilling program at Segele. In addition to the visible gold previously reported, this latest result indicates that the high-grade mineralisation continues 50m further down dip than reported on the 4th November 2021. This discovery underpins the company's belief that the Segele project can sustain a significantly longer mine-life than envisaged in the Scoping Study (27th September 2021).

In addition to the visible gold observations, since the release of the Scoping Study, the company has encountered several intersections of potential host rocks which are demonstrably down-dip from the resource estimate. The combination of the host rocks and visible gold is in-line with the general plunge of the mineralisation as seen in the resource model. The visible gold now seen in hole SEDD87 along with the previously reported intersections with visible gold in SEDD53 and SEDD55 (released 4th November 2021) extend the known gold mineralisation over 100m to the Northwards down-dip of the mineral resource estimate (6th April 2021).

The Company has further holes planned in the northern extension as it continues to test the down-plunge extensions.