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An update from Akora Resources Ltd. ( (AU:AKO) ) is now available.
AKORA Resources has issued 811,873 shares to Paul Bibby, with 600,000 shares allocated through a Placement and 211,873 shares in lieu of Director’s Fees, as approved by shareholders. This move is part of AKORA’s strategy to advance its Bekisopa Iron Ore Project, which aims to generate near-term cash flow through a Stage 1 mine producing 2Mt per annum of direct shipping ore, supporting its position in the iron ore market.
More about Akora Resources Ltd.
AKORA Resources (ASX: AKO) is an Australian resources company focused on developing high-grade iron ore projects in Madagascar. Its flagship Bekisopa Iron Ore Project boasts a 194.7 million tonne Inferred JORC Resource, capable of producing premium-priced +68% Fe concentrate, essential for greener steel production using Direct Reduced Iron-Electric Arc Furnace technology.
Average Trading Volume: 73,023
Technical Sentiment Signal: Sell
Current Market Cap: A$14.34M
For an in-depth examination of AKO stock, go to TipRanks’ Overview page.
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