Strategic Investor Process

The Strategic Investor Process involves multiple parties, whereby AKORA is seeking the most suitable funding partner for the development of the company’s iron ore Projects.

The company is actively working on two Non-Binding Indicative Offer submissions while continuing to field interest from other parties in potentially providing new submissions. One party conducted site visits to the Bekisopa and Satrokala Project locations in May.

There remains a variety of funding structures and valuations being proposed of which the Board is continuing to carefully consider and work through these options. The Board remains encouraged by the proposals and discussions held to date.