Akora Resources Ltd. · ASX:AKO
Akora Resources — Investor Presentation (February 2021)
18 slides from Akora Resources's investor presentation, Feb 1, 2021
Slide 1: Investor Presentation
AKORA Resources Ltd (ASX.AKO) Investor Presentation For personal use only High Grade Lump Iron Ore Outcrop at Bekisopa 1 AKORA Resources Limited – ACN 139847555
Slide 2: Disclaimer – Forward Looking Statements
Disclaimer – Forward Looking Statements 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 herein, other than state
Slide 3: AKORA Resources: Multi asset iron ore portfolio
AKORA Resources Multi asset iron ore portfolio For personal use only Formed in 2009 to find projects in the Indian or Pacific Ocean regions, Akora aquired several upgradable iron ore tenements in Madagascar. Since 2019 the focus has shifted to the high grade 65% iron direct shipped lump iron ore (DS
Slide 4: Corporate Overview
Corporate Overview Exposure to the resilient iron ore market For personal use only CORPORATE STRUCTURE Current AKORA Ordinary Shares on Issue 60,425,988 +100 Mt High grade Bekisopa 2020 drilling Unlisted Options (strike price 30c, 23 months to expiry) 11,447,750 campaign successfully ~65% Iron Lump
Slide 5: Project Summary
Project Summary Multi asset portfolio with rapid development path For personal use only Madagascan Iron ore Total 308km2 of prospective iron ore tenements FLAGSHIP PROJECT Next Project Bekisopa Tratramarina Future Opportunity Ambodilafa Area: 93.5km2 Area: 162.5km2 4 permits Area: 52.3km2 5 permits
Slide 6: 2020 Drilling Campaign
Bekisopa 2020 Drilling Campaign Confirms iron mineralization at depth For personal use only Bekisopa Initial Drilling Campaign ▪ First phase drilling at Bekisopa confirmed geological interpretation of layers of massive iron mineralisation extending at depth ▪ The company completed a total of 1,095 m
Slide 7: 2020 Drilling Campaign - continued
Bekisopa 2020 Drilling Campaign - continued For personal use only Northern most drill hole intersected 3 Drill holes in the southern area all intersected continuous two layers of iron mineralization that iron mineralisation, possible low stripping ratio open pit dip steeply to the west at depth. His
Slide 8: 2020 Drilling Campaign – Photos
Bekisopa 2020 Drilling Campaign – Photos For personal use only The 2020 Bekisopa drilling was completed successfully without safety, community or environmental incidents. Our drilling, geological and camp support teams were well organized and competent, giving AKORA great confidence to complete our
Slide 9: Business Case: Targeting +100 Mt of high-grade DSO
Bekisopa Business Case Targeting +100 Mt of high-grade DSO For personal use only ▪ >2600 samples analysed, ~564m Pits, ~4000m COMMENTARY HISTORICAL Trenching, 24 drill holes for ~600m. At surface drill WORK results; 19m@65%Fe, 12m@66%Fe, confirms ▪ 2006 - World Bank sponsored airborne magnetic surve
Slide 10: Business Case: Geology - Study Completed - October 2019
Bekisopa Business Case Geology - Study Completed - October 2019 For personal use only Bekisopa High Grade DSO Lump Iron Ore - +100 Mt Bekisopa Disseminated Iron Ore – 500 to 1000 Mt ▪ Layers of magnetite-hematite are traceable over the entire 7km ▪ Between and adjacent to the magnetite-hematite laye
Slide 11: Business Case: 2019 Ground Magnetic Survey
Bekisopa Business Case 2019 Ground Magnetic Survey – October 2019 For personal use only Magnetic Image with Magnetite-Hematite Magnetite-Hematite bearing stratigraphy ▪ Over 350-line kilometres of magnetic survey data Outcrop Superimposed, the black markings plus rock chip sample locations were walk
Slide 12: Business Case: Geophysical Modelling
Bekisopa Business Case Geophysical Modelling Northern Transverse line For personal use only ▪ Models as a simple magnetic body, red ellipsoid, with depth extent of at least 500m, possible width of ~150m and dipping to the west North ▪ Matches the observed outcrop and sub crop and suggests excellent
Slide 13: Work Programme
Bekisopa Work Programme Focused geological & drilling programme to define resource For personal use only 2019 2020 2020 2020 2020 2021 2021 2021 2021 December September December September December March Qtr June Qtr March Qtr June Qtr Qtr Qtr Qtr Qtr Qtr Geological mapping Camp & Drilling Phase 1 Ph
Slide 14: Other Projects: Tratramarina & Ambodilafa
Other Projects Tratramarina & Ambodilafa For personal use only Tratramarina - Low capex and opex potential Ambodilafa - Upgradable iron ore ▪ Unknown before World Bank funded airborne geophysical survey ▪ 421 rock chip samples collected averaged 44% Fe in 2004-06 highlighted anomaly. Tenements acqui
Slide 15: Akora Resources Management
Akora Resources For personal use only Management Harbury Advisors Bekisopa Trench 5 High Grade iron ore Paul Bibby Matthew Lindh Managing Director Director paul.bibby@akoravy.com mlindh@harbury.com.au John Madden Rupert de Crespigny Chief Financial Officer Senior Associate john.madden@akoravy.com rd
Slide 16: Appendix 1: Madagascar
Appendix 1: Madagascar Mineral rich with a developing Mining Industry For personal use only ▪ Worlds fourth largest Island and is 400km off the east coast Drilling at Tratramarina of Mozambique in 2011 ▪ Deep water ports to major iron ore markets in India, Middle East, Asia and China ▪ World Bank sp
Slide 17: Appendix 2: Iron Ore Industry
Appendix 2: Iron Ore Industry Strong Industry Thematics For personal use only • 65% iron ore price strong as China demands HG ore for lower steel making costs and improved environmental outcomes. 65%Fe Fines price • High Grade 65% fines price at ~U$130 plus Lump premium for High Grade ore as seen at
Slide 18: Appendix 3: Competent Person's Statement
Appendix 3: Competent Person’s Statement For personal use only The information in this presentation relates to Exploration Targets, Exploration Results, and related scientific and technical information, is based on and fairly represents information compiled by Mr Antony Truelove. Mr Truelove is a co
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