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AKORA Resources Limited (ASX:AKO)

ALERT: Price-sensitive ASX Announcement for AKO
Current share price for AKO : $0.084 -0.016 (-16%)+
Announcement
Release
1 Oct 2025 9:56AM
Price at Release
$0.100
Full Release
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Summary
AKORA Resources Limited has commenced a surface trenching exploration program at its Bekisopa Iron Ore Project in Madagascar. This initiative aims to expand the resource footprint of high-grade Direct Shipping Ore (DSO) by targeting potential DSO zones outside the known mineral resource. The exploration leverages historical pitting and trenching by the French Geological Society from the 1950s and 60s, which supports cost-effective geological mapping for potential resource extension. Despite recent civil unrest in Madagascar, the project remains unaffected, and the company is focused on advancing permits with government and World Bank representatives. AKORA is committed to producing cleaner iron ore for greener steel using DRI-EAF technology, with plans to produce up to 2Mt per annum over the first five years. The company's flagship Bekisopa project has a 194.7Mt Inferred JORC Resource with low impurities, capable of yielding premium-priced +68% Fe concentrate.
Key Points
  • Surface trenching exploration program initiated at Bekisopa Project.
  • Targeting potential DSO zones outside the known resource.
  • Utilizes historical French Geological Society's pitting and trenching.
  • Project unaffected by recent civil unrest in Madagascar.
  • Focus on permit advancement with government and World Bank.
  • Plans to produce up to 2Mt per annum with cleaner iron ore.
  • Bekisopa JORC Resource: 194.7Mt with low impurities.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.