Corporate Update

AKORA Resources is driving towards a cleaner future with its iron ore projects in Madagascar, focusing on supplying premium high-grade iron ore for "green steel" production. The company's Bekisopa Project, with a 194.7Mt Inferred Resource, has received a mining permit, marking a significant milestone for long-term development. AKORA's near-term strategy targets a Direct Shipping Ore (DSO) operation to generate cash flow while positioning itself as a key supplier of clean iron ore concentrate.

Financially, AKORA's DSO operation boasts strong metrics with a revenue-to-cost ratio exceeding 2:1, offering a minimum 6-year life span with significant exploration potential. The company is currently trading at less than 10% of its NPV of US$147 million. Additionally, AKORA plans to expand its portfolio with premium grade low impurity DRI concentrate for long-term sustainability in the steel industry.

Investors can expect continued growth from AKORA Resources, as it remains committed to innovation and sustainability in the iron ore sector. For more information and to join the discussion, follow us on social media and subscribe to our investor relations platform. For inquiries, please contact Peter Bird, Managing Director & CEO. Thank you for your interest in AKORA Resources.

Would you like to learn more about our projects or have any questions about our financial outlook? Feel free to reach out for further details or clarifications.