Announcement PDF Akora Resources Limited 12 Anderson Street West Ballarat Victoria 3350 Australia ASX: AKO info@akoravy.com ACN 139 847 555 akoravy.com 22 May 2024 AKORA SUCCESSFULLY COMPLETES CAPITAL RAISING FOR $3.8M AKORA Resources Limited (ASX: AKO) (AKORA OR Company) has successfully completed the Capital Raising announced on 17 April 2024. The Capital Raising comprised a Placement for $801,000 completed on 24 April 2024 and an Entitlement Offer for $3 million completed on 17 May 2024. AKORA’s Managing Director and CEO, Mr Paul Bibby, said: “I would like to thank AKORA Shareholders who have supported their Company in a difficult equity market. This ensures the focused work programmes are fully funded and allows continued progression across all projects. A major capital injection by Futureworld Management Pty Ltd is welcomed.” This announcement has been authorised by Akora Resources’ Board of Directors. For further information please contact: Paul G Bibby Managing Director Phone +61(0) 419 449 833 paul.bibby@akoravy.com Matt Lindh Harbury Advisors Phone +61 3 9663 5355 mlindh@harbury.com.au Iron ore for tomorrow’s steel making. James Gurry PAC Partners Phone +61 3 9114 7400 jgurry@pacpartners.com.au Iron ore for tomorrow’s steel making. Akora Resources (ASX: AKO) is an exploration company engaged in the exploration and development of the Bekisopa, Satrokala, Tratramarina and Ambodilafa Projects, all iron ore prospects in Madagascar where the company holds 308km2 of tenements across these four prospective exploration areas. The Bekisopa Iron Ore Project is a high-grade iron ore project with an ~6km strike length and an Inferred Resource of 194.7 million tonnes. Bekisopa has outcropping and weathered zone Direct Shipping Ore (DSO) iron ore and the potential to produce a premium grade +68% iron concentrate suitable for Direct Reduced Iron pellets for a green steel future. 2