Akora Resources Boosts Bekisopa Iron Ore Resource Estimate by 35%

Akora Resources Ltd. ( (AU:AKO) ) just unveiled an announcement.

Akora Resources Ltd. has announced a significant increase in the Mineral Resource Estimate (MRE) for its Bekisopa Iron Ore Project, with a 35% rise in Indicated and Inferred resources to 10.6 million tonnes at 54.8% Fe. This update includes a 27% increase in Indicated Direct Shipping Ore (DSO) resource tonnes, which now stand at 6.6 million tonnes. The updated MRE will form the basis for a Pre-Feasibility Study (PFS) due in March 2025, potentially extending the mine life and improving project economics. The increase in resources, achieved through drilling along half of the 6km strike length, is expected to enhance the project’s viability and support future development phases, including a potential Stage 2 Green Steel zone.

More about Akora Resources Ltd.

Akora Resources Ltd. is a company operating in the iron ore industry, focusing on the exploration and development of iron ore projects. Its primary project is the Bekisopa Iron Ore Project in Madagascar, which aims to supply high-grade iron ore for steelmaking, targeting the Blast Furnace-Basic Oxygen Furnace steelmakers market.

YTD Price Performance: 35.00%

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Technical Sentiment Consensus Rating: Sell

Current Market Cap: A$18.03M

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