Our Objectives

Focussed Bekisopa Work Programme

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 (mt) 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 60% Fe average grade direct shipping ore (DSO) for shipping to Blast Furnace-Basic Oxygen Furnace (BF-BOF) steelmakers.

Our plan is to develop the Bekisopa Project in two stages.

• Stage 01: Produce+62% Fe direct shipping ore (DSO)
• Stage 02: Produce premium-priced +68% Fe concentrate

Scoping Study Highlights – ‘Low CAPEX Case’:

• Initial five-year Direct Shipping Iron Ore (DSO) start-up operation at the Bekisopa Project,in Madagascar, peaking at 2 million tonnes per annum (Mtpa), is economically viable.
• Initial five-year mine life at Bekisopa South (20% of the project’s 6km strike length).
• Robust economics: NPV₁₀% of US$125 million and an IRR of 64% pre-tax.
  2.1 year capital payback and C1 cash operating cost US$42/wet metric tonne (wmt) at full production rate, providing an operating cost margin of over 100%.

Pre-Feasibility Study started in 2024.