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Akora Resources Ltd. ( (AU:AKO) ) has issued an announcement.
The Malagasy Government has enacted the Implementation Procedures for the revised Mining Code, signifying a strengthened framework for mining projects in Madagascar. This development supports Akora Resources Ltd.’s Bekisopa Iron Ore Project, aligning with the country’s infrastructure plans. Meetings with the Mines Minister and local contractors underline the project’s backing and preparedness for significant production endeavors.
More about Akora Resources Ltd.
Akora Resources Ltd. is a mining company focused on iron ore exploration and development projects, particularly the Bekisopa Iron Ore Project in Madagascar. The company is positioned to enhance its operations with the potential development of a Phase 1 direct shipping ore operation producing iron ore for steelmaking.
YTD Price Performance: -10.0%
Average Trading Volume: 58,070
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$11.29M
Learn more about AKO stock on TipRanks’ Stock Analysis page.
