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AKORA Resources Limited (ASX:AKO)

ALERT: Price-sensitive ASX Announcement for AKO
Current share price for AKO : $0.078 -0.007 (-8.24%)+
Announcement
Release
8 Oct 2025 9:05AM
Price at Release
$0.085
Full Release
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Summary
AKORA Resources Limited reported on its activities and financials for the quarter ending 30 September 2025. The company focused on the Bekisopa Iron Ore Project in Madagascar, completing Phase 1 drilling and initiating Phase 2 for further resource delineation. Engagements with local communities and governmental bodies are ongoing to secure approvals, while strategic partnerships are being discussed for development. Financially, the company maintained a cash balance exceeding $3 million.
Key Points
  • AKORA Resources Limited focused on the Bekisopa Iron Ore Project in Madagascar.
  • Phase 1 of the drilling program was completed with significant iron mineralization found.
  • The company has started Phase 2 drilling to further delineate the mineral resource.
  • AKORA is engaging with local communities and governments to gain necessary approvals.
  • Strategic partnership discussions are ongoing for project development.
  • AKORA reported a cash balance of over $3 million at the end of the quarter.
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.