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Akora Resources Ltd. ( (AU:AKO) ) has shared an announcement.
Akora Resources Ltd. has announced the renewal of its main exploration tenement, PR10430, at the Bekisopa Iron Ore Project in Madagascar. This renewal marks a significant milestone as it is the first under the updated Madagascan Mining Code, reflecting the government’s commitment to advancing the mining sector. The renewal supports Akora’s strategic plans, following a positive Pre-Feasibility Study that indicated a strong financial outlook for the project, enhancing its position in the mining industry.
More about Akora Resources Ltd.
Akora Resources Ltd. is a company operating in the mining industry, primarily focusing on the exploration and development of iron ore projects. Its flagship project is the Bekisopa Iron Ore Project located in Madagascar, which is known for its high-grade direct shipping ore.
YTD Price Performance: 20.0%
Average Trading Volume: 64,759
Technical Sentiment Signal: Buy
Current Market Cap: A$16.39M
For a thorough assessment of AKO stock, go to TipRanks’ Stock Analysis page.