30 June 2026 Quarterly Activities & Cashflow Report
Summary
In the June 2026 Quarterly Report, AKORA Resources achieved significant milestones, including a successful Equity Raise of $3.3 million through Placement and Entitlement Offer, with strong investor support. The Company's Managing Director conducted crucial site visits to advance stakeholder engagement for the Bekisopa iron ore project in Madagascar. AKORA received strong interest in the project from potential partners and financiers.
The Company continues to advance its Stage 1 high-grade Direct Shipping Iron Ore project at Bekisopa, with plans to produce premium-priced high-grade iron concentrate to support low carbon emission initiatives. Financially, AKORA had cash reserves of approximately $2.27 million at the end of the quarter, demonstrating stability and liquidity.
AKORA's business and corporate development activities maintained strong momentum, with ongoing engagement with prospective strategic partners and progress in due diligence processes. The Company remains focused on its Bekisopa and Satrokala projects in Madagascar, with a commitment to sustainable project development and value creation.
For more details on our operations and financial performance, we invite investors to reach out with any questions they may have regarding the information provided in this report. Feel free to contact us for further clarification or to discuss investment opportunities with AKORA Resources.
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