Akora Resources Ltd. · ASX:AKO
Akora Resources — Noosa Mining Conference 2021
17 slides from Akora Resources's conference presentation, Nov 10, 2021
Slide 1: AKORA Resources Bekisopa Project Investor Presentation
Bekisopa Drill Hole 53 Northern Area, intercepted iron downhole to 250m. AKORA 23 October 2021 Resources Bekisopa Project High Grade DSO Iron Ore Investor Presentation ASX: AKO November 2021
Slide 2: Disclaimer: Forward Looking and Competent Person Statement
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 Resources – Madagascan Iron Ore
AKORA Resources – Madagascan Iron Ore Flagship Project Bekisopa Outcrop – 66.7% iron ore 100% AKORA owned 4 Permits - 93.5 km2 ➢ High Grade outcropping iron ore Future ➢ High Grade Weathered Zone Projects ➢ 6 km strike ➢ Drilled ~5,650m confirms Tratramarina Ambodilafa significant HG iron at surface
Slide 4: Ground Magnetic Survey & Geophysical Modelling
Ground Magnetic Survey & Geophysical Modelling Shows a consistent high intensity Central traverse Line magnetic body extending over ~6km Northern traverse line • Model shows magnetic bodies; one flat lying, width ~150m, another west dipping with depth extent of at least 300m • Models as a simple mag
Slide 5: Bekisopa 2020 exploratory drilling
Tenement 3757 Bekisopa 2020 exploratory drilling 2.5 by 2.5 kms Tenement ➢ Designed to confirm iron mineralisation at 10430 5 by 5 kms depth and along strike ➢ Completed 12 drill holes, <100m, for 1095.5m (black dots) ➢ All intercepted iron mineralization at surface with several holes ending in mine
Slide 6: Bekisopa 2020 High Grade Iron assay results
Bekisopa 2020 High Grade Iron assay results BEKD11 – 0 to 25m, Ave 61%Fe BEKD10 – 15.7 to 27.8m, Ave 54%Fe 59%Fe 51%Fe 59%Fe 57%Fe 64%Fe – DSO 63%Fe - DSO 54%Fe 6
Slide 7: Bekisopa 2021 drilling campaign
Tenement 3757 Bekisopa 2021 drilling campaign 2.5 by 2.5 kms ➢ Designed to add volume to the 2020 drilling intercepts Tenement 10430 ➢ Completed 51 drill holes, 4700m drilled, ~300m to go 5 by 5 kms ➢ Highlights – iron mineralisation; ➢ ~67%Fe at surface ➢ Depth 250m downhole ➢ Width across strike +
Slide 8: Types of Iron Mineralisation – at Surface
3 Types of Iron Mineralisation – at Surface Weathered Massive Iron Mineralisation 67.8%Fe Drill Hole 31 68.5% South 68.5% Surface to 6.2m VH Grade – 68.2% Iron 69.3% 67.8%Fe Drill Hole 29 68.3% South 67.5% Surface to 6.2m 66.9% VH Grade – 66.8% Iron 8
Slide 9: Types of Iron Mineralisation – at Depth
3 Types of Iron Mineralisation – at Depth Massive Iron Mineralisation 67.7%Fe Drill Hole 38 66% Central Depth – 75.9 to 79.7m 61% High Grade – 64.2% Iron 62% Coarse Disseminated Iron Mineralisation 29%Fe 47% Drill Hole 1 North 61% Depth - 56.7 to 60.5m 42% Grade – 44.8% Iron 9
Slide 10: Bekisopa Northern drilling confirms Geophysical Modelling
Bekisopa Northern drilling confirms Geophysical Modelling Significant continuous Iron Mineralisation from surface 138m Iron intercept - downhole To +250m Iron intercept 115m Iron to 161m Depth - downhole with 138m Iron to 250m Intercepts downhole 10
Slide 11: Bekisopa Southern Drilling defines an expansive ore body
Bekisopa Southern Drilling defines an expansive ore body High-grade surface iron mineralisation Continuous ~50m true thickness Cross strike width of +650m Low stripping ratio for open pit mining 11
Slide 12: Processing Trials - Bekisopa 2020 Drill Core
Processing Trials - Bekisopa 2020 Drill Core Composites were crushed to 2mm and Processed using wLIMS – outstanding grades First Trials, No Optimisation! Weathered Massive Mineralisation achieved: Massive and Coarse Disseminated achieved: 67%Fe product grade 63%Fe Avg product grade Head Grade = 60%F
Slide 13: Bekisopa’s Drilling Results – Outstanding High Grade Iron Ore
Bekisopa’s Drilling Results – Outstanding High Grade Iron Ore Drilling Results Process Trials Bekisopa Crushed -2mm and wLIMS, ✓From Surface - 8m at 68% Drilled <30% of the 6km 6m at 67% achieved Product Grades strike Potential 7m at 66% DSO 15m at 65% ✓Up to 68%Fe Proving up a ✓At Depth - 25m at 61
Slide 14: Anticipating Iron Products from Bekisopa
Anticipating 4 Iron Products from Bekisopa BEKD31 BEKD09 BEKD01 68%Fe 58%Fe 47%Fe 69% 60% 45% 69% 59% 53% 69% 51% 42% Outcrop VHG Surface Zone HG Surface Zone At Depth HG DSO DSO +65% +62% Lump and Fines Lump and Fines VHG Fe Fines Fe Fines Hematite ~66%, Magnetite ~68% 14
Slide 15: Potential Production Outlook for Bekisopa
Potential Production Outlook for Bekisopa 68%Fe 69% 69% Outcrop 69%VHG Surface Weathered Iron Years 1 and 2 Years 2 to 10 Conventional Mine, Crush and Screen Produce High-Grade DSO Lump and Fines DSO operations typically have low mine site Capex and Opex cost 15
Slide 16: AKORA Resources – Corporate
AKORA Resources – Corporate (at 30 September 2021) CORPORATE STRUCTURE MAJOR SHAREHOLDERS Current AKORA Ordinary Shares on Issue 61,036,722 Evanachan Ltd 12.7% Unlisted Options (strike price 30c, 13 months to expiry) 10,832,016 Baker Steel Resources Trust 8.3% Mackenzie Financial 6.2% Market Capital
Slide 17: Bekisopa drill core BEKD33
Bekisopa drill core BEKD33 Management VERT Capital Paul Bibby Petar Tomasevic Managing Director Director Average Grade 66% Iron paul.bibby@akoravy.com petar@vertcapital.com.au John Madden VERT Capital Chief Financial Officer Level 2, 681 Murray Street john.madden@akoravy.com West Perth WA 6005 Harbu