Slide 1: High-Grade Iron Ore to feed into the Green Steel Future
High-Grade Iron Ore to feed into the Green Steel Future IMARC November 2023
Slide 2: Disclaimer
Disclaimer Forward Looking and Competent Person Statement This corporate presentation contains forward looking statements which constitute “forward looking information” within the meaning of securities legislation and “Forward Looking Statements”. • All statements included herein, other than stateme
Slide 3: Akora Corporate Overview
Akora Corporate Overview $0.25 12500 AKORA Resources ASX:AKO Share Price (30 October 2023) $0.16 $0.20 10000 Securities Outstanding 97.5 million Market Capatilisation (fully diluted) $15.6 million $0.15 7500 Major Shareholders % Stuart Crow 11.8 $0.10 5000 Evanachan Limited 10.1 $0.05 2500 Nicholas
Slide 4: High-Grade Iron Ore in Madagascar
High-Grade Iron Ore in Madagascar Bekisopa Bekisopahigh-grade high-gradeoutcrop outcropand andweathered weatheredzone zone, low-cost DSO production High-GradeTrench Iron36:Ore in lump and High-grade fines iron ore Madagascar Bekisopa Tratramarina Ambodilafa Satrokala DSO weathered zone, 2.2m at DSO
Slide 5: AKORA – Investment Opportunity
AKORA – Investment Opportunity ➢ Maiden Resource – 194.7 mt (drilled only 30% of the Bekisopa 6km strike) Proved up a ➢ Indicated DSO 4.4 mt @ 61% Fe, “Green Steel” 34 mt @ 58% DTR to 69% Fe conc Significant Resource ➢ Exploration potential – 0.5 to 1 Billion Tonnes at Bekisopa ➢ +62% Iron ore, Lump
Slide 6: Bekisopa Continued Drilling Success
Bekisopa Continued Drilling Success Bekisopa Tonnes(Mt) DTR % Grade % Fe Total (inferred) 194.7 38.7 67.6 - Concentrate Southern “Green Steel” 35 58 69 - Concentrate Southern DSO (Indicated) 4.45 - 61 - Lump and Fines ➢ Completed 250 drill holes, totaling ~8,400m ➢ Confirmed iron mineralisation cont
Slide 7: Significant iron ore district – Bekisopa + Satrokala
Significant iron ore district – Bekisopa + Satrokala 100% AKORA owned. Potential to be a significant iron ore district as resource development progresses Bekisopa ➢ Widespread outcrop, 119 rock chips – averaged 66.7%Fe ➢ Ground Magnetic Anomaly – 6 km strike length ➢ Drilling intercepted large iron
Slide 8: Satrokala +60%Fe rock chips along 10km strike length
Satrokala +60%Fe rock chips along 10km strike length Sample AT427, assay V2051, average 68.03%Fe 10km strike length, >1 km wide Sample TA468, assay V2138, Average 64.63%Fe
Slide 9: High Grade Iron Concentrates with Low Impurity the Key to a Green Steel Future
High Grade Iron Concentrates with Low Impurity the Key to a Green Steel Future Today 2050 Global Emissions ~7% Net Zero Electric Arc Furnaces from 70% by Blast Furnace, using Iron and Steel Making renewables. Direct Reduced Iron coal/coking coal Pellets natural gas/Hydrogen Iron Feed Grade 56 to 65%
Slide 10: Demand for +67% Fe Concentrate Expected to Increase 5 fold by 2050
Demand for +67% Fe Concentrate Expected to Increase 5 fold by 2050 Source: Wood Mackenzie, AET-1.5 ➢ Significant supply shortfall forecasted for 2040 and beyond ➢ Timing for AKORA Premium Quality iron concentrate to meet demand shortfall
Slide 11: Premium Grade Iron for Green Steel Future
Premium Grade Iron for Green Steel Future +68% Fe at 75-microns is premium for iron green steel feed, very low impurities BEKD10 41% Bekisopa Drill Core BEKD10 upgrades to 70% Iron Concentrate 44% With ultra-low impurity levels 0.5% SiO2 , 0.7%Al2O3, 0.003%P & 0.004%S 36% “Super” Premium Grade Iron
Slide 12: High- Grade “Green Steel” Resource
High- Grade “Green Steel” Resource Weathered zone DSO resource 34 million tonnes 45% Iron Fresh Rock 58% DTR Green Steel Resource Bekisopa Southern Zone - Very high-grade “Green Steel” area (below the Indicated weathered DSO), averaging 45.3% iron suitable for upgrading to a 68.8% iron DRI concentra
Slide 13: ESG – Community Engagement
ESG – Community Engagement Consultation Employment - Skills Medical & Education Water = Health
Slide 14: Supplier to Global Iron Ore Markets
Supplier to Global Iron Ore Markets Madagascar projects boast the advantage of being a competitive shipping distance from and logical transporter to major iron ore demand in India, Asia & the Middle East ✓ Middle East Producing Green DRI Pellets ✓ India - Steel Production to double by 2030 from 133M
Slide 15: AKORA Resource: Iron feed for Green Steel
AKORA Resource: Iron feed for Green Steel “The next 1,000 unicorns” – companies that have a market valuation over a billion dollars – won’t be a search engine, won’t be a media company, they’ll be businesses developing green hydrogen, green agriculture green steel and green cement. Larry Fink CEO of
Slide 16: Thank you
Thank you – (Photos - Site Visit August 2023) Lump & Fines Iron Ore in Trench Massive Outcropping Iron Ore ASX – AKO www.akoravy.com