Akora Resources Ltd. (AU:AKO) has released an update.
Akora Resources Ltd has announced significant progress on their Bekisopa and Satrokala iron ore projects in Madagascar, including the completion of geotechnical and hydrogeological drilling programs which are positive for the upcoming Pre-Feasibility Study (PFS). The company is also advancing in road design between the projects and has started exploratory drilling at Satrokala, all supported by a successful A$3.8 million capital raising. These developments are set to enhance the potential for a Direct Shipping Ore operation aimed at producing high-grade iron for steelmakers.
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