Akora Resources Ltd
Akora Resources Limited is engaged in the exploration and development of the Bekisopa, Satrokala, Tratramarina and Ambodilafa Projects, all iron ore prospects in Madagascar.
The business
Akora Resources Limited is engaged in the exploration and development of the Bekisopa, Satrokala, Tratramarina and Ambodilafa Projects, all iron ore prospects in Madagascar. It holds over 308 square kilometers (km2) of tenements across these four prospective exploration areas. The Company’s flagship Bekisopa Iron Ore Project has approximately 194.7 million tons (mt) Inferred Joint Ore Reserves Committee (JORC) Resource. The Bekisopa project is located over 220km from the West Coast and is accessed from Antananarivo. The Satrokala Project is located over 40km to the west of Bekisopa. The Tratramarina Project is located approximately16km from the ocean with a potential port/transhipping location south of Mahanoro near the mouth of the Mangoro River. The Ambodilafa Project is located approximately 45km from the coastal town of Nosy Varika and 75km southwest of Mahanoro, which is a natural transhipping port location. Its geographical segments include Australia and Madagascar.
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Latest news
AKORA Resources Completes 85% of Planned Trenching Program to Expand Bekisopa Iron Ore Resource
AKORA Resources (ASX: AKO) has completed 260 metres of a planned 300m trenching campaign to expand the direct shipping iron ore (DSO) resource at its high-grade Bekisopa iron ore project in Madagascar. The company is utilising local contract labour to assist with the mapping of historical trenches and pits across the tenement, focused on the zone […]
AKORA Resources Advances Plans for Stage 1 Operation at Bekisopa Iron Ore Project
AKORA Resources (ASX: AKO) has continued to advance plans for the production of up to 2 million tonnes per annum of 60% iron average grade direct shipping ore (DSO) from its Bekisopa project in Madagascar for export to blast furnace steelmakers. The company is also potentially looking to upgrade the ore to a +67% iron concentrate for shipping […]
AKORA Expands Resource Footprint With Surface Trenching at Bekisopa Iron Ore Project
AKORA Resources (ASX: AKO) has commenced surface trenching exploration at its wholly-owned Bekisopa project in Madagascar, aimed at expanding the footprint of the near-surface direct shipping iron ore (DSO) resource. The program will focus on visible outcropping zones of potential DSO in areas outside of the known mineral resource, noting that some 60% of the known […]
Akora Resources Raises Additional Funds to Drive Bekisopa Development
AKORA Resources (ASX: AKO) has received strong support as it moves to raise approximately $2.91 million to support further development of its Bekisopa iron project in Madagascar. AKORA is conducting the capital raising is being undertaken through a placement of fully paid ordinary shares to raise approximately $0.83m and a non-renounceable entitlement offer of fully […]
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