Akora Resources Ltd. ( (AU:AKO) ) has issued an announcement.
Akora Resources Ltd is advancing its Bekisopa Iron Ore Project in Madagascar, aiming to produce 2 million tonnes per annum of 60% Fe average grade DSO for export. The company is conducting a Pre-Feasibility Study, progressing with geotechnical and hydrological assessments, and has completed significant drilling that supports the potential of DSO grade mineralization. These developments align with Akora’s strategy to supply high-grade iron ore to steelmakers focused on reducing carbon emissions, positioning the company favorably within the industry.
More about Akora Resources Ltd.
Akora Resources Ltd is a company focused on developing a high-grade Direct Shipping Ore (DSO) iron ore mine in Madagascar, catering primarily to the steel industry. The company’s market focus is on providing iron ore that aids in reducing carbon dioxide emissions through decarbonization, serving both Blast Furnace-Basic Oxygen Furnace steelmakers and Direct Reduced Iron-Electric Arc Furnace steelmakers.
YTD Price Performance: 35.00%
Average Trading Volume: 61,035
Technical Sentiment Consensus Rating: Sell
Current Market Cap: A$14.42M
Learn more about AKO stock on TipRanks’ Stock Analysis page.