tiprankstipranks
Akora Resources Advances Madagascar Iron Projects
Company Announcements

Akora Resources Advances Madagascar Iron Projects

Akora Resources Ltd. (AU:AKO) has released an update.

Don't Miss our Black Friday Offers:

Akora Resources Ltd has announced significant progress on their Bekisopa and Satrokala iron ore projects in Madagascar, including the completion of geotechnical and hydrogeological drilling programs which are positive for the upcoming Pre-Feasibility Study (PFS). The company is also advancing in road design between the projects and has started exploratory drilling at Satrokala, all supported by a successful A$3.8 million capital raising. These developments are set to enhance the potential for a Direct Shipping Ore operation aimed at producing high-grade iron for steelmakers.

For further insights into AU:AKO stock, check out TipRanks’ Stock Analysis page.

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App