Akora Resources Ltd. · ASX:AKO
Akora Resources — Mining News Select Investor Conference 2024
30 slides from Akora Resources's conference presentation, Mar 14, 2024
Slide 1: ASX Release: Presentation at Mining News Select Investor Conference
Akora Resources Limited 12 Anderson Street West info@akoravy.com Ballarat Victoria 3350 ACN 139 847 555 Australia ASX: AKO akoravy.com 14 March 2024 ASX RELEASE AKORA’s Managing Director, Paul Bibby presents at Mining News Select Investor Conference, Sydney. For personal use only AKORA Resources Lim
Slide 2: Higher-grade iron ore for greener steel
This announcement has been authorised by Akora Resources’ Board of Directors. For further information please contact: Paul G Bibby Gareth Quinn Managing Director Investor Relations Phone +61(0) 419 449 833 Phone +61(0) 417 711 108 www.akoravy.com gareth@republicpr.com.au Higher-grade iron ore for gr
Slide 3: Cleaner iron ore for greener steel: Investor Presentation March 2024
For personal use only Cleaner iron ore for greener steel. Investor Presentation March 2024 Paul Bibby Managing Director Website – www.akoravy.com ASX:AKO
Slide 4: Disclaimers
Disclaimers This corporate presentation contains forward looking statements which constitute “forward looking information” within Forward Looking Statements are made as of the date hereof and the Company disclaims any obligation to update any Forward For personal use only the meaning of securities l
Slide 5: High-grade iron ore in Madagascar
High-grade iron ore in Madagascar, a country with a growing exploration and mining sector DSO Outcrop Trench 36: High-grade lump and fines iron ore For personal use only ~67% Fe DSO weathered zone, 2.2m at ~66% Fe Tratramarina Bekisopa Ambodilafa Satrokala Cleaner iron ore for greener steel 3
Slide 6: The geological advantage
Cleaner iron ore for greener steel, the geological advantage. Akora is developing a high-grade For personal use only iron ore mine in Madagascar to serve the steel industry’s accelerating decarbonisation. Bekisopa Project JORC Resource (Inferred) Green Steel Resource (Inferred) 194.7Mt 1 34.0Mt Aver
Slide 7: Bekisopa Iron Ore Project cross sections
Bekisopa Iron Ore Project, high grade direct ship iron ore at surface, over an expansive readily upgradable high-grade iron ore resource. For personal use only Southern Zone Cross Sections Drill Line 1 Cleaner iron ore for greener steel 5
Slide 8: Plan to develop Bekisopa in two stages
Our plan is to develop the Bekisopa Project in two stages. Stage 01 Stage 02 For personal use only Produce +62% Fe direct shipping ore (DSO) Produce premium-priced +68% Fe concentrate Mine, crush, and screen ore to produce 62%+ Fe lump and Cashflow from Stage 1 to be used to add grinding and separat
Slide 9: Continued drilling success at Bekisopa Project
Continued drilling success Shallow drilling has indicated a significant iron ore body. at Bekisopa Project. AKORA has drilled 250 holes For personal use only across four campaigns totalling over 8,400m at Bekisopa. Fourth drilling campaign of 904.9m across 65 holes completed in August 2023. Drilling
Slide 10: Bekisopa and Satrokala projects
Bekisopa and Satrokala Becoming a globally significant clean iron ore district. projects (100% Akora). Location Growing JORC Resource For personal use only Cleaner iron ore for greener steel 8
Slide 11: Bekisopa Scoping Study: Robust DSO start-up financials
Bekisopa Scoping Study. 2 Robust DSO start-up financials. Drilling should add DSO tonnes and mine life. Low CAPEX Case highlights. Annual production Initial mine life Revenue Cash flow (pre-tax) For personal use only 2Mt 5 years US$545m US$270m Capital cost NPV 10 (pre-tax) IRR (pre-tax) Capital pay
Slide 12: Bekisopa Scoping Study: Capital costs comparison
Bekisopa Scoping Study. Capital costs comparison. Low CAPEX Case Low OPEX Case For personal use only ‘Low CAPEX Case” ‘Low OPEX Case” Area $US million $US million Mining 0.5* 1.9* Crushing and Screening 4.2* 17.5* Mine site facilities 10.8 10.8 Diesel power 1.6 1.6 Roads 21.0 50.0 Haulage 0* 10.9 Po
Slide 13: Cash flow and NPV sensitivity analysis
Bekisopa Scoping Study. Cash flow and NPV sensitivity analysis (at USD 100/t Benchmark Price). Low CAPEX Case NPV Sensitivity Analysis For personal use only US$M 250 200 Iron Ore Price -10% +10% 150 Opex +15% -15% 100 50 Discount 12% 8% 0 -1 1 2 3 4 5 -50 2 million tonne production rate delivers US$
Slide 14: A pit to port solution
A pit to port solution. ~360km from Bekisopa Project to Toliara. Established infrastructure For personal use only Up to ~50km of road to be built or upgraded between Bekisopa Project and Satrokala Project. RN7 Highway Elevation Change - Satrokala to Toliara 2000 1000 0 0 50 100 150 200 250 300 350 C
Slide 15: Satrokala Project offers considerable upside
Satrokala Project offers considerable upside. +60% Fe rock chips along For personal use only 10km strike length. A magnetic survey completed 8 November 2023 will assist in pinpointing exploratory holes for maiden drilling proposed in Q2 2024. 68.03%Fe average 64.63%Fe average Cleaner iron ore for gr
Slide 16: Bekisopa ground magnetic survey
Bekisopa ground magnetic survey confirmed a substantial iron ore body which follow on drilling campaigns has proven up . For personal use only Bekisopa Magnetic Anomaly 6 Kilometres long Cleaner iron ore for greener steel 14
Slide 17: Satrokala ground magnetic survey
Satrokala ground magnetic survey completed in late 2023 expected to identify a significant iron ore body along the 10 kms surveyed. For personal use only Satrokala Survey Area 10 Kilometres long Cleaner iron ore for greener steel 15
Slide 18: The Madagascar geographical advantage
The Madagascar geographical advantage. Madagascar can easily ship to For personal use only Asian steelmakers as well as DRI pellet manufacturers around the world. 01 Close to rapidly growing 02 Close to DRI pellet Indian iron and steel industry. manufacturers in Middle East and Europe. 03 Competitiv
Slide 19: Steel is critical to decarbonise
Steel is critical to decarbonise. Steel demand is forecast to For personal use only Crude Steel Production^ Actual (World Steel Association) grow to around 2.7 billion Mt Forecast (BNEF) tonnes by 2050*. 2800 2400 The world’s electrification requires an enormous amount of steel. 2000 Steel required
Slide 20: The steel industry is turning green
The steel industry is turning green. Map of planned or under construction DRI-EAF plants and capacity. Million tonnes To reach net zero emissions by For personal use only 2050, steelmakers are now switching production methods from blast furnaces that consume coal to direct reduced iron (DRI) process
Slide 21: DRI technology reduces carbon emissions significantly
DRI technology reduces carbon emissions significantly. Traditional steelmaking Green steelmaking For personal use only High-grade Iron Iron ore + Continuous ore pellets Fossil fuel Coking Basic Oxygen casting and electricity Renewable- Coal Furnace rolling powered Electric arc electrolysis furnace B
Slide 22: DRI technology is growing fast
DRI technology is growing fast. Bloomberg New Energy Finance BNEF Net Zero Scenario 2050* For personal use only (BNEF) predicts DRI technology Total steel production to account for 59% of primary 2,747Mt steel production by 2050*. Total primary steel production Steelmakers account for up to 11% of a
Slide 23: DRI technology requires iron ore with low impurities
DRI technology requires iron ore with low impurities and grades above 67% Fe. BNEF Net Zero Scenario 2050* For personal use only DRI-grade iron ore demand 2050 889Mt High grade low impurity magnetite iron ore concentrate required to fill this demand To produce 889Mt of steel from DRI processes in 20
Slide 24: Our cleaner +68% iron concentrate will be in demand
Our cleaner +68% iron concentrate will be in demand. For personal use only Iron concentrate grade Combined impurity levels SiO2 Mined tonnes per product tonne Al2O3 Feed 70% 8% Tonnes ASX:HIO 8 7% ASX:IRD 69% 7 6% 6 68% ASX:MGT 5% 5 ASX:MIO 67% 4% 4 ASX:AKO 3% 3 ASX:AKO 66% 2% 2 65% ASX:AKO ASX:MGT
Slide 25: Cleaner iron ore is perfect for greener steel made by DRI
AKORA’s cleaner iron ore is perfect for greener steel made by DRI. Bekisopa iron ore upgrades For personal use only BEKD10 to a +68% Fe concentrate at 41% Fe head grade 75 microns. A finer grind will deliver even 44% Fe head grade Ultra low impurities higher iron grades and much 0.5% SiO2 lower impu
Slide 26: Working with our host communities
Working in with our host communities. Working together with local people For personal use only to deliver positive outcomes. 01 Frequent consultation 02 03 Contributing educational and 04 Knowledge transfer and Developing water ensures support is strong for generating jobs for local medical supplied
Slide 27: Board and management
Board and A seasoned mining team with wide experience in Africa. management. For personal use only Graeme Hunt Paul Bibby Matthew Gill Shane Turner Jason Whittle John W Ffooks & Co Non-Executive Chairman Managing Director Non-Executive Director CFO & CoSec General Manager African legal Advisor Spent
Slide 28: Corporate Snapshot
Corporate Snapshot ASX:AKO Share price Market capitalisation Debt Shares on issue Cash AKOO options For personal use only $A0.165 A$15.7m Zero 94.9m A$1.3m 7.2m 13 March 2024 13 March 2024 31 December 2023 13 March 2024 31 December 2023 Expiring 25 May 2026 52 week high $0.225, low $0.125 ASX Share
Slide 29: Larry Fink quote on green steel
“Companies that have a market valuation over a billion dollars – won’t For personal use only be a search engine, won’t be a media company, they’ll be businesses developing green hydrogen, green agriculture, green steel and green cement.” Larry Fink BlackRock CEO Source: https://www.cnbc.com/2021/10/
Slide 30: Contact us
Contact us Paul Bibby For personal use only Managing Director paul.bibby@akoravy.com AKORA Resources Ltd 12 Anderson Street West, ACN 139 847 555 Ballarat ASX: AKO Victoria 3350. Join the conversation Follow us Subscribe to our investor @AkoraResources https://www.linkedin.co relations platform m/co
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