Akora Resources Ltd. ( (AU:AKO) ) has issued an announcement.
Akora Resources Ltd announced a correction to a previous notice regarding the issuance of 3,000,000 shares to sophisticated investors. The company clarified that it was in possession of ‘excluded information’ related to a 35% increase in the resource estimate for its Bekisopa Iron Ore Project at the time of the initial notice. This administrative oversight has been addressed, and no shares have been sold by the recipients. The updated resource estimate enhances Akora’s operational prospects and strengthens its position in the iron ore market.
More about Akora Resources Ltd.
AKORA Resources Ltd (ASX: AKO) is an Australian resources company focused on developing high-grade iron ore projects in Madagascar. Its flagship project, the Bekisopa Iron Ore Project, boasts a significant JORC Resource and aims to produce premium iron ore concentrate suitable for greener steel production.
YTD Price Performance: 30.0%
Average Trading Volume: 63,292
Technical Sentiment Consensus Rating: Sell
Current Market Cap: A$17.76M
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