tiprankstipranks

Akora Resources Confirms Viability of Bekisopa Iron Ore Project

Story Highlights
Akora Resources Confirms Viability of Bekisopa Iron Ore Project

Don’t Miss TipRanks’ Half-Year Sale

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.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1