Akobo Minerals AB (DE:643) has released an update.
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Akobo Minerals AB has successfully commenced operations at its Segele processing plant in Ethiopia, signaling a significant leap in its gold mining capabilities. The company has completed the plant’s first phase of commissioning, enabling efficient ore processing with an anticipated 76% extraction efficiency. Poised to produce 4,000 ounces of gold monthly at a 96% recovery rate, the Segele plant’s modular design will facilitate future expansions in line with the mine’s development.
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