AKORA Resources, an Australian resources company, is focused on developing high-grade iron ore projects in Madagascar. The company's flagship Bekisopa Iron Ore Project boasts a 194.7 million tonne Inferred JORC Resource with premium-grade +67% Fe concentrate. To generate cash in the near-term, AKORA is advancing plans for a Stage 1, 2Mt per annum Mine with a six-year life of mine, producing high-grade direct shipping ore for steelmakers. The company confirms the strength of its project with competitive C1 cash costs, near-term cash flow projections, and potential for resource growth.

At a recent Mining Indaba Conference, AKORA's Managing Director presented on the company's progress and future plans. The company's compelling investment case includes a strong revenue to cost ratio, minimum six-year mine life, and trading below NPV based on its DSO Starter Project. Furthermore, AKORA is looking to expand its project portfolio and develop premium-grade low impurity DRI concentrate for greener steel production.

Investors are invited to engage with us and ask any questions about our projects, plans, and investment opportunities. Contact Managing Director Peter Bird for further information or subscribe to our investor relations platform for updates. Join the conversation on social media and stay up to date with AKORA's developments in the iron ore sector.