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Akora Resources Ltd. ( (AU:AKO) ) has provided an update.
Akora Resources Ltd has completed a Pre-Feasibility Study (PFS) for its Bekisopa iron ore project in Madagascar, confirming a robust economic outlook for a 2 million tonne per annum DSO operation. The study highlights a strong financial profile with an 86% internal rate of return and a net present value of US$147 million, supported by low operating costs and a quick capital payback period of 1.8 years. The project has been designated a Government Project of Significance, indicating strong national and local support. The PFS outlines a path to a financial investment decision by mid-2026, with first shipments expected in the second half of 2027, positioning Akora as a significant player in the iron ore market.
More about Akora Resources Ltd.
Akora Resources Ltd is a company operating in the mining industry, focusing on the production of high-grade iron ore. Its primary project is the Bekisopa iron ore project in Madagascar, which targets the production of Direct Shipping Ore (DSO) for blast furnace steelmakers.
YTD Price Performance: 25.00%
Average Trading Volume: 60,944
Technical Sentiment Signal: Buy
Current Market Cap: A$17.07M
See more data about AKO stock on TipRanks’ Stock Analysis page.