Akora Resources Ltd. · ASX:AKO
Akora Resources — Investor Presentation (March 2022)
19 slides from Akora Resources's investor presentation, Mar 8, 2022
Slide 1: Bekisopa Project: DSO Start-up and High Grade Iron Ore Future
AKORA Resources For personal use only Bekisopa Project DSO Start-up and High Grade Iron Ore future Investor Presentation ASX: AKO March 2022
Slide 2: Disclaimer: Forward Looking and Competent Person Statement
Disclaimer Forward Looking and Competent Person Statement For personal use only 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 here
Slide 3: AKORA Resources – Madagascan High-Grade Iron Ore
AKORA Resources – Madagascan High-Grade Iron Ore For personal use only Bekisopa Outcrop – 66.7% iron ore Low-cost Future Projects DSO start-up Tratramarina focused on Ambodilafa High-Grade Outcrop Bekisopa and Weathered Surface Toliara Iron mineralisation HG - Weathered Zone 3 BEKD17 - 2.2m at 66.1%
Slide 4: Bekisopa drilling campaigns
Tenement Bekisopa drilling campaigns 3757 2.5 by 2.5 km2 For personal use only ➢ Completed 63 drill holes, totaling 6,200m drilled ➢ Confirms iron mineralisation continues; Tenement 10430 ➢ below high-grade outcrop 5 by 5 kms ➢ at depth of 300m downdip ➢ along 6-kilometer strike ➢ across strike widt
Slide 5: Bekisopa – Southern Zone
Tenement Bekisopa – Southern Zone 3757 Northern For personal use only Zone ➢ Completed 37 drill holes for 3,650.6 Tenement 10430 ➢ 26 drill holes < 100m, 11 from 115m to 208m ➢ Southern Zone iron mineralisation; ➢ Flat lying to depths of 178.9m downhole Central Zone ➢ across strike widths +750m ➢ tr
Slide 6: Bekisopa - Southern Zone Cross Sections – Drill Line 000N
Bekisopa - Southern Zone Cross Sections – Drill Line 1 7 608 000N For personal use only 400m Flat lying iron formation, open at surface, ideal for a low strip ratio DSO start-up High-Grade iron ore at surface; 60 to 65.5%Fe – potential DSO 6
Slide 7: Bekisopa - Southern Zone Cross Sections – Drill Line 300N
Bekisopa - Southern Zone Cross Sections – Drill Line 3 7 608 300N For personal use only 400m High-Grade iron ore at surface; 63.7% and 66.1%Fe - potentially DSO Flat lying iron formation, open at surface, ideal for a low strip ratio DSO start-up Significant continuous iron intercepts; 80m, 171.7m an
Slide 8: Southern Zone – BEKD10 product grade trials – wLIMS – 62.4% Iron
Southern Zone – BEKD10 product grade trials – wLIMS – 62.4% Iron Composite 1 – Surface to 5.6m • Conducted wLIMS trials on composites from surface to 37m downhole, on BEKD10 in the east, For personal use only Weathered Massive Iron to confirm upgradability of the iron mineralisation across this Sout
Slide 9: Southern Zone – BEKD34 product grade trials – wLIMS – 66% Iron
Southern Zone – BEKD34 product grade trials – wLIMS – 66% Iron • Conducted wLIMS trials on composites from surface to 35m downhole, on BEKD34 in the west, Composite 1 – Surface to 4.9m For personal use only Weathered Massive Iron to confirm upgradability of the iron mineralisation across this Southe
Slide 10: Northern Zone – BEKD10 product grade trials – DTT – 69.3% Iron
Northern Zone – BEKD10 product grade trials – DTT – 69.3% Iron Composite 1 – Surface to 5.6m • Conducted Davis Tube Tests (DTT) on BEKD10 from surface to 37m downhole to understand the For personal use only Weathered Massive Iron potential upgradability of the northern zone iron mineralisation • DTT
Slide 11: Northern Zone – BEKD34 product grade trials – DTT – 69.5% Iron
Northern Zone – BEKD34 product grade trials – DTT – 69.5% Iron • Conducted Davis Tube Tests (DTT) on BEKD34 from surface to 35m downhole to understand the Composite 1 – Surface to 4.9m For personal use only Weathered Massive Iron potential upgradability of the northern zone iron mineralisation • DTT
Slide 12: Southern Zone – Upgrades to better than 64%Fe after a 2mm Crush
Southern Zone – Upgrades to better than 64%Fe after a 2mm Crush BEKD10 - Head Grade (%Fe) V wLIMSProduct Grade (%Fe) For personal use only BEKD34 - Head Grade (%Fe) V wLIMS Product (%Fe) Surface Surface Surface DTT wLIMS wLIMS 69.9%Fe 62.4%Fe 66%Fe average Average Average grade 49m Grade Grade 37 m
Slide 13: Southern Zone – Upgrades to better than 69%Fe at microns
Southern Zone – Upgrades to better than 69%Fe at 75 microns For personal use only BEKD10 - Head Grade (%Fe) V DTT (%Fe) BEKD34 - Head Grade (%Fe) V DTT Grade (%Fe) Surface Surface Surface DTT DTT DTT69.9%Fe 69.3%Fe 69.5%Fe average Average13 Average grade 49m Grade Grade 37m 70.5m 70.5m -75.00 -50.00
Slide 14: Iron Grades increase using Magnetic Separation
BEKD10 and 34 – Iron Grades increase using Magnetic Separation Increased Iron Grade using Magnetic Separation • Iron grades improve dramatically after a For personal use only %Fe 2mm crush or at 75-micron sizing using 70 Potential DSO magnetic separation 60 ~70%Fe DTT • Impurity levels reduce signif
Slide 15: Anticipating a High-Grade DSO start-up at Bekisopa
Anticipating a High-Grade DSO start-up at Bekisopa Outcrop and VHG Surface Zone For personal use only BEKD31 BEKD16 67.8%Fe 66.2%Fe 68.5% 64.8% 68.5% 64% 1 69.3% 2 66.3% 2 Years 1 to ~10 – Produce high-grade DSO +65%Fe Lump and Fines 15
Slide 16: Produce iron ore fines after a 2mm crush and dry magnetic separation
Produce iron ore fines after a 2mm crush and dry magnetic separation BEKD09 BEKD34 BEKD46 For personal use only 58%Fe 57.3%Fe 34.3%Fe 60% 43.9% 42.9% 59% 62.8% 30.8% 51% 3 48.3% 4 33.3% 4 At Surface At Depth At Depth Years ~10 onwards - produce iron ore fines Surface Zone From Depth +65%Fe Fines +62
Slide 17: Produce Direct Reduced Iron (DRI) Feed for Green Steel future
Produce Direct Reduced Iron (DRI) Feed for Green Steel future Green Steel, decarbonisation plans in the steel industry uses natural gas or hydrogen, requires a very high For personal use only grade, +67%Fe fines to make DRI pellets and extremely low impurity iron ore product*. Bekisopa iron achieves
Slide 18: Bekisopa Southern Zone – Significant Iron Formation
Bekisopa Southern Zone – Significant Iron Formation For personal use only Iron mineralisation ✓ High-Grade DSO iron ore at surface ✓ Flay lying iron formation, ideal for low strip ratio open pit ✓ Confirmed over 1,000m of the main strike length ✓ Identified across strike width of +750m ✓ Demonstrate
Slide 19: Bekisopa Southern Zone – High Grade Products
Bekisopa Southern Zone – High Grade Products Iron Ore Product Grades For personal use only Iron Ore Price ✓ 64%Fe at surface – potential DSO At 58% 62% 65% 67 to 70% Mar Fe Fe Fe Fe DRI ✓ 64.2%Fe high grade after magnetic separation 4 / 22 USD 95 148 177 at 2mm crush size, ?? ✓ low impurities 2.5%Si