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An announcement from Akora Resources Ltd. ( (AU:AKO) ) is now available.
Akora Resources Limited has successfully raised approximately $1.78 million through a combination of a placement and an entitlement offer to shareholders, with plans to address a shortfall of $1.14 million within three months. The funds will support the progression of the Bekisopa Iron Ore Project, including a feasibility study, environmental assessments, and securing a mining license, while the company engages with strategic investors.
More about Akora Resources Ltd.
AKORA Resources Limited 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. The company is advancing plans for a Stage 1 mine to produce direct shipping ore for Blast Furnace steelmakers.
Average Trading Volume: 84,305
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$14.59M
For an in-depth examination of AKO stock, go to TipRanks’ Overview page.