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Akora Resources Ltd. ( (AU:AKO) ) has issued an update.
Akora Resources Ltd. has announced significant progress in its Bekisopa iron ore project in Madagascar, following the completion of a Pre-Feasibility Study (PFS) and recent infrastructure developments by the Malagasy Government. The government initiatives, including the upgrade of the RN7 National Highway and improvements to the Port of Toliara, are expected to enhance logistics and reduce costs, facilitating the transport of 2 million tonnes per annum of iron ore to international markets. These developments are poised to unlock the project’s full potential, benefiting both the company and local communities through job creation and economic contributions.
More about Akora Resources Ltd.
Akora Resources Ltd. is a company operating in the mining industry, primarily focused on the exploration and development of high-grade iron ore projects. Its main project is the Bekisopa iron ore project located in south-central Madagascar, which aims to produce direct shipping ore for international markets.
Average Trading Volume: 94,811
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$14.43M
For an in-depth examination of AKO stock, go to TipRanks’ Overview page.