Akora Resources Ltd. · ASX:AKO
Akora Resources — Corporate Update (June 2022)
13 slides from Akora Resources's corporate update, Jun 14, 2022
Slide 1: “Premium” Grade Iron Ore Future, Resource Expansion and Scoping Studies
“Premium” Grade Iron Ore Future, Resource Expansion and Scoping Studies 14 June 2022 - AKORA Webinar
Slide 2: AKORA – High-Grade Iron Ore in Madagascar
AKORA – High-Grade Iron Ore in Madagascar Bekisopa Initial Low-cost Outcrop – 66.7% iron ore DSO Future Projects production focused on Tratramarina Ambodilafa High-Grade Morombe Bekisopa Outcrop Toliara and Weathered Zone HG - Weathered Zone 2 BEKD17 - 2.2m at 66.1%Fe
Slide 3: Bekisopa and Satrokala Region Projects
Bekisopa and Satrokala Region Projects BEKISOPA 6 km strike length 195 Million Tonnes Resource ~ 250 km to Toliara SATROKALA ~ 210 km to Morombe Project road to link to Highway SATROKALA 40 km South of Bekisopa ~ 10 km strike length ? Bekisopa look alike ~ 210 km to Toliara or Morombe
Slide 4: Bekisopa and Satrokala tenements – 100% AKORA
Bekisopa and Satrokala tenements – 100% AKORA Bekisopa – Tenements 3757, 10430 • Extensive historical work and extensive outcrop • 119 rock chips – averaged 66.7%Fe • Ground Magnetic Survey – 6 km anomaly • 6,200 m drilling intercepted large iron formation • Maiden Resource – 195 Million tonnes • 8
Slide 5: Satrokala rock chips, country and rock samples
Satrokala 102 rock chips, country and rock samples Sample TA266, assay V2119, average 62.79%Fe 10km strike length, >1 km wide Sample TA519, assay V2146, average 64.33%Fe 5
Slide 6: 60%+ Fe rock chips along 10km Satrokala strike length
60%+ Fe rock chips along 10km Satrokala strike length Sample AT427, assay V2051, average 68.03%Fe 10km strike length, >1 km wide Sample TA468, assay V2138, average 64.63%Fe 6
Slide 7: Wardell Armstrong retained for Bekisopa Scoping Studies
Wardell Armstrong retained for Bekisopa Scoping Studies ✓ Wardell Armstrong International have a strong background in all areas considered for the Bekisopa Iron Ore Scoping Studies ✓ WAI have significant iron ore experience in Africa and across the world ✓ WAI have expertise in Africa and can commen
Slide 8: Bekisopa Scoping Study Timeline
Bekisopa Scoping Study Timeline Geology review as preparation for Mining, Metallurgy, Process and site Power requirement Studies and production rate scenarios Transport and Port logistics and Infrastructure Study – initial DSO Production then VHG +67%Fe Financial Study will deliver Indicative Capita
Slide 9: Bekisopa Maiden Mineral Resource - 194.7Mt
Bekisopa Maiden Mineral Resource - 194.7Mt Maiden Mineral Resource* completed in 15 months post IPO Bekisopa Tonnes DTR Concentrate Concentrate Zone Mt % Grade Mt %Fe Northern 43.3 43.3 68.2 18.7 Central 41.2 36.3 67 15 Southern 110.2 37.8 67.6 42 Total 194.7 38.7 67.6 75.4 (Inferred) Within the res
Slide 10: Outlook - High-Grade DSO production at Bekisopa
Outlook - High-Grade DSO production at Bekisopa BEKD31 BEKD16 67.8%Fe 66.2%Fe 68.5% 64.8% 68.5% 64% 66.7%Fe 1 69.3% 2 66.3% 2 Outcrop plus Very High-Grade Surface Zone Selective Mining - Produce high-grade DSO Lump and Fines ~65%Fe Known that DSO production is low capital and low operating cost 10
Slide 11: “Premium” Grade Fe at 75-microns and magnetic separation
“Premium” Grade Fe at 75-microns and magnetic separation Central Zone Drill Core BEKD04 Upgrades 32%Fe to 71% Iron 30% “Super” Premium Grade Iron Ore Concentrate at 75-micron 27% 0.37% Silica, 0.01%Alumina, 0.002%P and 0.003%S 22% 5 At 81%Fe Recovery and 31% Mass yield Very high-grade iron feed, +67
Slide 12: Significant new Iron Ore Resource and Region
Bekisopa a Significant new Iron Ore Resource and Region Confirmed 194.7Mt, with 75Mt at 67.6%Fe DRI product grade ✓ Satrokala promising Bekisopa lookalike with high-grade rock chips and a 10km strike length ✓ WAI to complete Scoping Studies at Bekisopa on transport, port, mining, processing, power,
Slide 13: 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