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Akora Resources Ltd. ( (AU:AKO) ) has issued an announcement.
Akora Resources Ltd has initiated a surface trenching exploration program at its Bekisopa Iron Ore Project to expand the resource footprint of its high-grade Direct Shipping Ore. Despite recent civil unrest in Madagascar, the company’s field activities remain unaffected, and safety is prioritized. The exploration targets visible outcropping zones and historical pitting areas to support geological mapping and potential resource extension. This initiative follows a prefeasibility study indicating strong cash flow potential and aims to add significant value to the project’s net present value. Akora is also in discussions with government and World Bank representatives to advance project permits.
More about Akora Resources Ltd.
Akora Resources Ltd is a company engaged in the exploration and development of iron ore projects. Its primary focus is on the Bekisopa high-grade Direct Shipping Ore (DSO) Iron Ore Project located in south central Madagascar. The company aims to expand its resource footprint and enhance its market position in the iron ore industry.
Average Trading Volume: 111,958
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$16.48M
Learn more about AKO stock on TipRanks’ Stock Analysis page.