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 Investor Update April 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: Bekisopa – Investment Opportunity
Bekisopa – Investment Opportunity Proving up a ➢ Maiden Resource – 194.7m Million Tonnes, from drilling only 30% of the 6km strike Significant Resource ➢ Exploration potential – 0.5 to 1 Billion Tonnes ➢ +64% Iron ore, Lump and Fines (DSO) Geological Advantage ➢ Bekisopa iron mineralization readily
Slide 4: AKORA – Madagascar High-Grade Iron Ore
AKORA – Madagascar High-Grade Iron Ore Trench 36 – High-Grade Lump and Fines iron ore DSO Weathered Zone DSO Outcrop – ~66.7% iron ore BEKD17 - 66.1%Fe At Bekisopa a Staged Development – Deliver High-Grade DSO then Premium Grade +68% Iron for Green Steel 4
Slide 5: Transition to Green Steel requires change and the key is availability of very high grade iron
Transition to Green Steel requires change and the key is availability of very high grade iron with very low impurity levels Today 2050 Global Emissions ~7% Net Zero Electric Arc Furnaces from 70% by Blast Furnace, using Iron & Steel Making renewables, Direct Reduced Iron coal/coking coal Pellets fro
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 resource geological advantages High iron concentrate grade 67.6% Fe, at a coarse 75 microns,
Slide 7: 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 AKORA iron should be available at the right time
Slide 8: 70% Iron Premium Grade Iron concentrate with very low impurities
“Premium” Grade Iron concentrate with very low impurities 41%Fe Bekisopa Drill Core BEKD10 Upgrades to 44% 70% Iron 0.5% SiO2, 0.7%Al2O3, 0.003%P & 0.004%S 36% “Super” Premium Grade Iron Concentrate at 75-micron 35% 44% DTR AKORA is well placed to feed the Green Steel Future. Quality, Location and T
Slide 9: Bekisopa potentially part of a significant iron ore district
Bekisopa potentially part of a significant iron ore district Bekisopa – Tenements 3757, 10430 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* – Tenements 358
Slide 10: 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 10
Slide 11: Geological Advantage
Geological Advantage Lump product Fines product +6.3mm to -32mm -6.3mm Weathered zone high grade iron ore +65% Fe +64% Fe High-Grade Direct Ship Ore at surface Enables a Low capital / Low operating cost staged development Reinvest to produce a +67% iron concentrate for Green Steel 11
Slide 12: Geographical Advantage
Geographical Advantage Close to growing Indian and Middle East markets and into Asia. ~8100kms
Slide 13: Upcoming Milestones & News flow
Upcoming Milestones & News flow Early May End May June End July August September Assay results Deliver the DSO infill drilling Announce the Commence Exploratory for the upgraded at Bekisopa updated Pre-feasibility drilling Bekisopa Resource for and fly Scoping Study study on Bekisopa Satrokala and b
Slide 14: AKORA Corporate Overview
AKORA Corporate Overview AKORA Resources ASX:AKO Share Register Summary Trailing 12 Months Share Price Board & $0.35 Share Price (at 17-Apr-23) $0.18 Management 6% $0.30 Shares Outstanding 72.2 million $0.25 Market Capitalisation $13.0 million $0.20 Other $0.15 43% Top 20 $0.10 Major Shareholders %
Slide 15: 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 15