Akora Resources Ltd. · ASX:AKO
Akora Resources — Shareholder Meeting (May 2022)
16 slides from Akora Resources's shareholder meeting presentation, May 17, 2022
Slide 1: "Premium" Grade Iron Ore Future with DSO production
For personal use only “Premium” Grade Iron Ore Future with DSO production 17 May 2022 - AKORA AGM
Slide 2: Disclaimer: Forward Looking and Competent Person Statement
Disclaimer For personal use only 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 here
Slide 3: AKORA – High-Grade Iron Ore in Madagascar
For personal use only 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 BEKD17 - 2.2m at 66.1%Fe 3
Slide 4: Bekisopa – Drilling Success
For personal use only Tenement Bekisopa – Drilling Success 3757 Completed 63 drill holes, totaling 6,200m Tenement 10430 Confirms iron mineralisation continues; below high-grade outcrop at depth of +300m downdip 6 km along and across the 6-kilometer strike Magnetic with thickness from 50
Slide 5: Bekisopa - Northern Zone Cross Section
For personal use only Bekisopa - Northern Zone Cross Section 300m Downdip High-Grade ~64%Fe at surface - potentially DSO BEKD01 6.9m @ 64.7%Fe, BEKD19 4.6m @ 63.9%Fe, BEKD24 3.9m @ 63.7%Fe, 67m thick iron formation, dipping to the west, open at depth plus 300m Selective mine the high-grade ~64%Fe su
Slide 6: Bekisopa - Southern Zone Cross Sections – Drill Line 08 000N
For personal use only Bekisopa - Southern Zone Cross Sections – Drill Line 1 7 608 000N 400m High-grade 60 to 65.5%Fe at surface – potential DSO Flat lying iron formation, open at surface, ideal for low strip ratio mining 6
Slide 7: Bekisopa Maiden Mineral Resource - 194.7Mt
Bekisopa Maiden Mineral Resource - 194.7Mt For personal use only 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 (In
Slide 8: More resource tonnes along strike and at depth
For personal use only More resource tonnes along strike and at depth Potential for further 43.3 North resource tonnes Mt between drilled areas and at depth 41.2 Central Mt Drilled only 30% of the 6-kilometer strike length 110.2 South Mt 8
Slide 9: Product Grade Trials: High to Premium Iron Grades at Coarse Sizings
For personal use only Product Grade Trials High to Premium Iron Grades at Coarse sizing’s Drill Core – BEKD10 Product trials on composites from surface to ~37m downhole on four 0 to 4m drillholes BEKD01, 04, 10 and 34 delivered outstanding iron grades 59%Fe Drill Core Composite Head Grade wLIMS DTT
Slide 10: Outlook - High-Grade DSO production at Bekisopa
For personal use only 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 l
Slide 11: Produce iron ore fines after a 2mm crush and dry magnetic separation
For personal use only Produce iron ore fines after a 2mm crush and dry magnetic separation BEKD09 BEKD34 BEKD46 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 Produce Surface Zone high-grade From Depth iron ore ~65%Fe Fines fines ~62%Fe Fines
Slide 12: Produce "Premium" Grade Iron at 75-microns and magnetic separation
For personal use only Produce “Premium” Grade Iron at 75-microns and magnetic separation Central Zone Drill Core BEKD04 Upgrades to 32%Fe 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 yiel
Slide 13: Bekisopa a Significant new Iron Resource, with more to Prove
For personal use only Bekisopa a Significant new Iron Resource, with more to Prove Confirmed 194.7Mt at 67.6%Fe product grade, next Studies on transport logistics, port, mining, processing and power options Work on near by Bekisopa SW tenements Expand the Resource Understand the shift to +67%F
Slide 14: AKORA Resources – Bekisopa Maiden Resource at 197.4Mt
For personal use only AKORA Resources – Bekisopa Maiden Resource at 197.4Mt, includes Iron Ore Price - USD/t 64%Fe potential DSO at surface, low cost production 210 65%Fe 190 170 64%Fe high grade fines at 2mm crush size with low impurities 150 130 62% 110 68%Fe premium grade concentrate at 75-
Slide 15: AKORA – Capital Structure
For personal use only AKORA – Capital Structure Share Ownership AKORA Resources ASX:AKO Share Price (at 4 May 2022) A$0.275 Shares Outstanding 69.7 million Options (A$0.30 cps expire 7 Dec 2022) 10.1 million Top 20 Fully Diluted Shares Outstanding 79.8 million Shareholders Market Capitalisation A$20
Slide 16: AKORA Resources Bekisopa Project
AKORA For personal use only Resources Bekisopa Project DSO and High Grade Iron Ore Future Investor Presentation ASX: AKO May 2022