Akora Resources Ltd. (AU:AKO) has released an update.
Akora Resources Ltd has reported substantial progress in the development of its high-grade Direct Shipping Ore (DSO) iron ore mine in Madagascar, aimed at supporting the steel industry’s push for decarbonisation. The company’s latest drilling campaign at the flagship Bekisopa Project encountered significant new high-grade iron mineralisation, indicating a potential expansion of the initial 4.4 million tonne DSO resource. Additionally, key appointments, including a former BHP President and an experienced project developer, signal Akora’s commitment to advancing the project through a strategic investor process and a forthcoming Pre-Feasibility Study.
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