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Akora Resources Ltd. ( (AU:AKO) ) has issued an announcement.
Akora Resources Ltd has released a Pre-Feasibility Study (PFS) for its Bekisopa iron ore project in Madagascar, confirming the economic viability of a Stage One Direct Shipping Ore (DSO) operation. The project is set to produce 2 million tonnes per annum of iron ore, with strong financial metrics including a pre-tax Net Present Value of US$147 million and an Internal Rate of Return of 86%. This development positions Akora Resources as a key player in the steel industry’s shift towards greener production methods, potentially impacting stakeholders by offering a lower-emission alternative for steelmakers.
More about Akora Resources Ltd.
Akora Resources Ltd is engaged in the development of a high-grade Direct Shipping Ore (DSO) iron ore mine in Madagascar. The company focuses on serving the steel industry, particularly in reducing carbon dioxide emissions through decarbonization efforts.
YTD Price Performance: 20.0%
Average Trading Volume: 67,527
Technical Sentiment Signal: Buy
Current Market Cap: A$16.39M
See more insights into AKO stock on TipRanks’ Stock Analysis page.