Akora Resources Ltd. · ASX:AKO
Akora Resources — PEAK - Green Steel Webinar May 2023
14 slides from Akora Resources's conference presentation, May 9, 2023
Slide 1: DSO start-up to fund development to feed the Green Steel Future
DSO start-up to fund development to feed the Green Steel Future PEAK - Green Steel Webinar May 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 AKORA Resources ASX:AKO Share Register Summary Trailing 12 Months Share Price Board & $0.35 Share Price (at 5-May-23) $0.15 Management 6% $0.30 Shares Outstanding 77.1 million $0.25 Market Capitalisation $11.5 million $0.20 Other $0.15 43% Top 20 $0.10 Major Shareholders % S
Slide 4: AKORA – Madagascar High-Grade Iron Ore
AKORA – Madagascar High-Grade Iron Ore Trench 36 – High-Grade Lump and Fines iron ore Future Project Bekisopa DSO Weathered Zone DSO Outcrop – ~66.7% iron ore BEKD17 - 66.1%Fe Plan to develop Bekisopa in stages – First deliver High-Grade DSO then a Premium Grade +68% Iron concentrate for Green Steel
Slide 5: Significant iron ore district – Bekisopa + Satrokala
Significant iron ore district – Bekisopa + Satrokala Bekisopa Widespread outcrop, 119 rock chips – averaged 66.7%Fe Ground Magnetic Anomaly – 6 km strike length Drilling intercepted large iron formation Maiden Resource – 194.7 Million tonnes Satrokala* Satrokala Unexplored tenements, known magnetic
Slide 6: Bekisopa Maiden Mineral Resource - 194.7Mt
Bekisopa Maiden Mineral Resource - 194.7Mt Bekisopa Tonnes DTR Concentrate Zone Mt % Grade %Fe Northern 43.3 43.3 68.2 Central 41.2 36.3 67 Southern 110.2 37.8 67.6 Total 194.7 38.7 67.6 (Inferred) Bekisopa Geological Advantages High Head Grade and Davis Tube Recovery, enables a low 2.5 mined tonnes
Slide 7: Geological Advantage
Geological Advantage Lump product Fines product +6.3mm to -32mm -6.3mm Weathered zone high grade iron ore 67% Fe 64% Fe High-Grade Direct Ship Ore is outcropping and at surface Enables a Low capital / Low operating cost staged development Reinvest to process iron ore to a +68% iron concentrate for G
Slide 8: AKORA – Investment Opportunity
AKORA – Investment Opportunity Proving up a ➢ Maiden Resource – 194.7 MTonnes (drilled only 30% of the Bekisopa 6km strike) Significant Resource ➢ Exploration potential – 0.5 to 1 Billion Tonnes, just at Bekisopa ➢ +64% Iron ore, Lump and Fines (DSO) Geological Advantage ➢ Bekisopa iron mineralizati
Slide 9: The key to achieving Green Steel is availability of high grade iron with very low impurity levels
The key to achieving Green Steel is availability of high grade iron with very low impurity levels Today 2050 Global Emissions ~7% Net Zero Electric Arc Furnaces from renewables, 70% by Blast Furnace, using Iron & Steel Making Direct Reduced Iron Pellets coal/coking coal from natural gas/hydrogen Iro
Slide 10: “Premium” Grade Iron concentrate with very low impurities
“Premium” Grade Iron concentrate with very low impurities AKORA’s high +25% Fe grades 41%Fe deliver 44% 70% Iron Concentrate with Ultra low impurity levels 36% 0.5% SiO2, 0.7% Al2O3, 0.003%P & 0.004%S 35% at 75-microns AKORA is well placed to feed the Green Steel Future. Quality, Location and Timing
Slide 11: 5 FOLD increase in demand for +67% Fe Concentrate Expected by 2050
5 FOLD increase in demand for +67% Fe Concentrate Expected by 2050 Source: Wood Mackenzie, AET-1.5 Significant Supply short fall forecast 2040 onwards AKORA iron should be available at the right time
Slide 12: Transition to Green Steel gaining momentum
Transition to Green Steel gaining momentum Climate change: green steel production requires multiple solutions, no ‘silver bullet’, report says •Multiple technologies like carbon dioxide capture and energy-efficient iron ore reduction are being trialled amid decarbonisation efforts, according to McKi
Slide 13: Geographical Advantage
Geographical Advantage Close to growing Indian and Middle East markets and into Asia. Middle East Producing Green DRI Pellets ~8100kms India - Steel Production to double by 2030 from 133Mt to 255Mt.
Slide 14: Iron feed for Green Steel
AKORA Resource – AKO ASX Iron feed for Green Steel Source: https://www.cnbc.com/2021/10/25/blackrock-ceo-larry-fink-next-1000-unicorns-will-be-in-climate-tech.html 14
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