Akora Resources Ltd. · ASX:AKO
Akora Resources — Shareholder Meeting (May 2024)
23 slides from Akora Resources's shareholder meeting presentation, May 30, 2024
Slide 1: Akora AGM 30 May 2024
For personal use only Iron ore for tomorrow’s steel making. AKORA AGM 30 May 2024 Paul Bibby Managing Director Website – www.akoravy.com ASX:AKO
Slide 2: Disclaimers
Disclaimers The information in this Presentation is of a general nature and does not purport to be complete nor does it contain all the information which a Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially For per
Slide 3: Madagascar has multiple major mines and exploration projects
Madagascar has multiple major mines and exploration projects Some of the world’s largest For personal use only miners operate in Madagascar including Rio Tinto, and Sumitomo which operates the Ambatovy Project, one of the world’s largest nickel mines. The country is also host to other commodities in
Slide 4: High-grade iron ore suited for conventional steel making
High-grade iron ore suited for conventional steel making Resource – Indicated 5.24 million tonnes plus Inferred 2.6 million tonnes. 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* Iron ore for tomorrow’s *AKO Prospectus, A
Slide 5: Bekisopa Iron Ore Project
Bekisopa Iron Fresh Rock Zone Ore Project Weathered Zone Readily upgradable to +68%Fe DRI Concentrate High-Grade ~64%Fe at 6.9m @ 64.7% Fe surface - potentially DSO BEKD19 70.5m @ 44%Fe, BEKD19 BEKD50 76.3m @Zone Weathered 36%Fe, BEKD01 6.9m @ 65%Fe, High grade direct BEKD51 67.4m @ 30%Fe. For perso
Slide 6: Our plan is to develop the Bekisopa Project in two stages
Our plan is to develop the Bekisopa Project in two stages Stage 01 For personal use only Produce +62% Fe direct shipping ore (DSO)* • Six year mine life - future drilling will add mine life • Production ramps up to 2 million tonnes pa • Payback 2.1 years • Uses a US$100 / tonne benchmark price • Gen
Slide 7: Bekisopa Scoping Study: Robust DSO start-up financials
Bekisopa Scoping Study* Robust DSO start-up financials Low CAPEX Case highlights At a benchmark price of US$100 / tonne Future drilling should add DSO tonnes and For personal use only mine life and further enhance the project economics . Annual production Initial mine life Capital Cost Cash flow (pr
Slide 8: Bekisopa Scoping Study delivers US$50 million free cash flow from year 3
Bekisopa Scoping Study* Delivers US$50 million free cash flow from year 3 Low CAPEX Case For personal use only US$M 250 • 2023 Drilling in the North and Central Zones will add DSO tonnes and additional mine life to the 200 Pre-feasibility Study 150 100 • This additional mine life should boost Scopin
Slide 9: Continued drilling success at Bekisopa Project
Continued drilling success Only 50% of 7km major ground magnetic anomaly has been drilled, each drilling campaign has successfully at Bekisopa Project added additional resource tonnes. Exploration Target stated as 0.5 to 1 Billion tonnes*. AKORA has drilled 250 holes For personal use only across fou
Slide 10: Satrokala Project offers considerable upside
Satrokala Project – just 40kms to the southwest of Bekisopa - offers considerable upside A strong and continuous magnetic For personal use only anomaly, 10km long identified at Satrokala* This magnetic feature is 43% longer than at the more advanced high-grade Bekisopa Iron Ore Project, 40km to the
Slide 11: 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 I
Slide 12: Strategic Investor Process Update
Strategic Investor Process* Update AKORA has commenced a Strategic For personal use only Investor Process involving multiple parties, seeking suitable funding partners for the development of our projects. As of 28 May 2024, three parties have submitted Non Binding Indicative Offers. First site visit
Slide 13: Bekisopa development: premium grade low impurity iron concentrate
Stage 2 Bekisopa development Produce a premium grade low impurity iron concentrate* Stage 01 Stage 02 – Decarbonisation Iron Feed For personal use only Produce direct shipping ore (DSO) Produce premium-priced iron concentrate Lump Fines Low capex start-up, producing lump and fines iron ore for Blast
Slide 14: Steel is critical in a decarbonising world
Steel is critical in a decarbonising world Steel demand is forecast to grow to For personal use only Crude Steel Production^ Actual (World Steel Association) around 2.7 billion tonnes by 2050* Mt Forecast (BNEF) - Require +1B tonnes of iron ore pa 2800 2400 The World’s electrification requires an en
Slide 15: DRI technology reduces carbon emissions significantly
Direct Reduced Iron (DRI) technology reduces carbon emissions significantly Traditional steelmaking Green steelmaking Critical for For personal use only growing Very High-grade Green Steel very low impurity production Iron ore + Continuous Fossil fuel Coking Basic Oxygen casting and Iron ore pellets
Slide 16: DRI technology requires iron ore with low impurities and grades above 67% Fe
DRI technology requires iron ore with low impurities and grades above 67% Fe To produce 889Mt of steel from DRI BNEF Net Zero Scenario 2050* For personal use only processes in 2050 will require a DRI-grade iron ore demand 2050 tenfold increase in high-grade iron 889Mt ore supply. Very High grade ver
Slide 17: Our cleaner +68% iron concentrate should be in demand
Our cleaner +68% iron concentrate should 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% DRI Iron 7 Spec 6% 6 68% ASX:MGT 5% 5 ASX:MIO 67% 4% 4 DRI Impurity ASX:AKO 3% Spec 3 ASX:
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 Competitive
Slide 19: Working in 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 supplies
Slide 20: 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 21: Corporate Snapshot
Corporate Snapshot ASX:AKO Share price Market capitalisation Debt Shares on issue Cash AKOO options For personal use only $A0.17 A$20.5m Zero 120.4m A$0.7m 14.7m 27 May 2024 27 May 2024 31 March 2024 27 May 2024 31 March 2024 Expiring 25 May 2026 ex @0.25c 52 week high $0.215, low $0.125 (Placement
Slide 22: AKORA Resources Investment Case
AKORA Resources Investment Case* For personal use only DSO Start-Up Low capex High margin, Strong cash flow. Premium Grade Low Impurity DRI Concentrate Long mine life for decarbonising the steel industry Iron ore for tomorrow’s *Scoping Study, ASX Announcement 14/11/23 steel making. 22
Slide 23: 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