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Akora Resources Ltd. ( (AU:AKO) ) has shared an announcement.
AKORA Resources Ltd. has announced a webinar to present the Pre-Feasibility Study results for its Bekisopa Iron Ore Project in Madagascar, which plans to initiate a Direct Shipping Ore operation. This operation is expected to produce up to 2 million tonnes per annum over an initial six-year period, potentially impacting the company’s market positioning by providing a steady cash flow and aligning with greener steel production demands.
More about Akora Resources Ltd.
AKORA Resources (ASX: AKO) is an Australian resources company focused on the development of four high-grade iron ore projects in Madagascar. The company’s flagship project, Bekisopa Iron Ore Project, boasts a 194.7 million tonne Inferred JORC Resource capable of producing a premium-priced +68% Fe concentrate. AKORA aims to leverage Direct Reduced Iron-Electric Arc Furnace technology to produce greener steel with lower carbon emissions.
YTD Price Performance: 25.00%
Average Trading Volume: 60,944
Technical Sentiment Signal: Buy
Current Market Cap: A$17.07M
For detailed information about AKO stock, go to TipRanks’ Stock Analysis page.
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