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The latest announcement is out from Akora Resources Ltd. ( (AU:AKO) ).
Akora Resources Ltd. has announced significant increases in its mineral resource estimates at the Bekisopa Iron Ore Project in Madagascar. The company reported a 35% increase in Indicated and Inferred resources to 10.6 million tonnes at 54.8% Fe, and a 93% increase in Indicated DSO and Intermediate Grade resource tonnes compared to previous studies. These developments are expected to strengthen Akora’s market position and provide valuable insights for investors and stakeholders regarding the company’s growth prospects and operational capabilities.
More about Akora Resources Ltd.
Akora Resources Ltd. operates in the iron ore industry, focusing on the exploration and development of iron ore resources. The company’s primary project is the Bekisopa Iron Ore Project located in Madagascar, where it aims to enhance its resource base and produce high-grade iron ore for steelmaking.
YTD Price Performance: 30.0%
Average Trading Volume: 63,292
Technical Sentiment Consensus Rating: Hold
Current Market Cap: A$17.76M
Find detailed analytics on AKO stock on TipRanks’ Stock Analysis page.
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