Announcement PDF AKORA Resources Limited PO Box 28 Ballarat Victoria 3350 Australia info@akoravy.com ACN 139 847 555 ASX: AKO www.akoravy.com 24 April 2024 Share Placement – Cleansing Notice Akora Resources Limited (ACN 139 847 555) (ASX:AKO) (AKO or the Company) advises that it has today issued 5,339,999 ordinary shares to sophisticated and professional investors (Placement Shares) at an issue price of $0.15 to raise approximately $AUD800,999.90 pursuant to the share placement announced to the market on Wednesday, 17 April 2024, and as detailed in the Appendix 3B lodged with ASX on that date (Placement). Of the 5,339,999 ordinary shares issued, approximately 5,339,999 ordinary shares were issued under the Company’s 15% placement capacity pursuant to ASX Listing Rule 7.1. The Company advises that: (a) the Placement Shares were issued without disclosure to eligible shareholders under Part 6D.2 of the Corporations Act 2001 (Cth) (Act); (b) this notice is being given in accordance with section 708A(5)(e) of the Act; (c) as at the date of this notice, the Company has complied with: (i) the provisions of Chapter 2M of the Act as they apply to the Company; and (ii) sections 674 and 674A of the Act; and (d) as at the date of this notice, there is no information that is “excluded information” (as defined in sections 708A(7) and 708A(8) of the Act) which is required to be disclosed by the Company. Attached is an Appendix 2A in respect of the Placement. For further information, please contact: Shane Turner Company Secretary T: +61 (0) 404 033 450 This announcement has been authorised by AKORA Resources Limited’s Board of Directors. Cleaner iron ore for greener steel. Cleaner iron ore for greener steel AKORA Resources (ASX: AKO) is an Australian resources company focused on the development of four high-grade iron ore projects in Madagascar. The Company’s flagship Bekisopa Iron Ore Project has a 194.7 million tonne Inferred JORC Resource with very low impurities able to produce a premium-priced +68% Fe concentrate. Direct Reduced Iron-Electric Arc Furnace (DRI-EAF) technology which is used to make greener steel without coal and considerably less carbon emissions requires iron ore grades of at least 67%. To generate cash in the near-term, AKORA is advancing plans at Bekisopa to produce up to 2Mt per annum over the first five years of a high-grade 61% Fe average grade direct shipping ore (DSO) for shipping to Blast Furnace-Basic Oxygen Furnace (BF-BOF) steelmakers. 2