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Akora Resources Ltd. ( (AU:AKO) ) has provided an announcement.
Akora Resources continued to advance its Bekisopa high-grade iron ore project in Madagascar during the March 2026 quarter, expanding its understanding of the resource through targeted trenching. The company aims to leverage the project’s low-cost, high-grade DSO profile and potential premium concentrate production to serve demand for green steel.
A 339-metre trenching program between the existing South and Central resource zones intersected iron mineralisation in all eight trenches, with standout intercepts including 36 metres at 63.8% Fe and 87 metres at 60.5% Fe. These results, alongside the fact that roughly half of the Bekisopa tenement remains unexplored but highly prospective, suggest significant upside for expanding the indicated DSO resource footprint.
Operationally, Akora secured the Bekisopa mining permit during the quarter, clearing a key regulatory hurdle and enabling Stage 1 DSO project development to move ahead. The company also increased its market and financing profile by presenting at major industry conferences in South Africa and Sydney and appointing Grant Samuel Advisory to drive strategic financing and partnering initiatives.
More about Akora Resources Ltd.
Akora Resources Ltd. is an ASX-listed iron ore explorer and developer focused on high-grade direct shipping ore (DSO) projects in Madagascar. The company is advancing its Stage 1 DSO project at Bekisopa, targeting low capital and operating costs while planning longer-term development of premium high-grade iron concentrate to supply emerging low-carbon, green steel markets.
Average Trading Volume: 163,801
Technical Sentiment Signal: Sell
Current Market Cap: A$14.61M
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