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Akora Resources Ltd. ( (AU:AKO) ) has issued an announcement.
Akora Resources has completed its latest exploration trenching program at the Bekisopa high-grade iron ore project in Madagascar, including 339 metres of trenching and detailed surface mapping across tenement areas showing strong signs of iron mineralisation. The company has also submitted a mining permit application for its Stage One DSO project at Bekisopa and reports that Madagascar’s new leadership has acknowledged the project’s importance, underscoring its potential strategic role in Akora’s path toward near-term production and possible future expansion into premium green steel–oriented iron products.
The most recent analyst rating on (AU:AKO) stock is a Hold with a A$0.08 price target. To see the full list of analyst forecasts on Akora Resources Ltd. stock, see the AU:AKO Stock Forecast page.
More about Akora Resources Ltd.
Akora Resources Ltd is an ASX-listed iron ore exploration and development company focused on high-grade direct shipping ore (DSO) projects in Madagascar. The company is advancing a Stage 1 DSO project at Bekisopa, targeting low upfront capital and operating costs and evaluating future potential to produce premium high-grade iron concentrates aligned with low-carbon “green steel” market demand.
Average Trading Volume: 222,463
Technical Sentiment Signal: Sell
Current Market Cap: A$14.57M
Learn more about AKO stock on TipRanks’ Stock Analysis page.