Akora Resources Ltd. (AU:AKO) has released an update.
Akora Resources Ltd. has announced a significant 42% increase in the Direct Shipping Ore (DSO) Mineral Resource at its Bekisopa Iron Ore Project in Madagascar, now totaling 7.9 million tonnes with a grade of 58.8% iron. This substantial resource upgrade is expected to extend the mine life and enhance the economics of the project’s planned initial production phase. The discovery also hints at future growth potential, with additional infill drilling planned and the Scoping and Pre-Feasibility Studies underway, which do not yet account for the promising prospects at the nearby Satrokala Project.
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