Akora Resources Ltd. · ASX:AKO
Akora Resources — Investor Presentation (June 2021)
26 slides from Akora Resources's investor presentation, Jun 29, 2021
Slide 1: AKORA Resources Investor Presentation
AKORA Resources Drilling underway towards confirming Maiden JORC Resource at Bekisopa Investor Presentation ASX: AKO June 2021
Slide 2: 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
Slide 3: AKORA Resources – Madagascan Iron Ore
AKORA Resources – Madagascan Iron Ore Bekisopa Flagship Project Tratramarina 100% AKORA owned Future Opportunity 4 Permits - 93.5 km2 100% AKORA owned ➢ High Grade outcropping iron ore 5 Permits – 162.5km2 ➢ Significant historical work ➢ 12m @ 66%Fe , 19m @ 65%Fe ➢ 16km from coast ➢ 6 km strike ➢ +2
Slide 4: Tratramarina and Ambodilafa – Project Opportunity
Tratramarina and Ambodilafa – Project Opportunity Tratramarina - Low capex and opex potential Ambodilafa - Upgradable iron ore ▪ 16 kms from the east coast, acquired in 2009 ▪ 45 kms from the east coast ▪ Unknown before 2006 when a World Bank funded ▪ 2013 - 7 drill holes completed which intersected
Slide 5: BEKISOPA - October 2019 - Geological Findings
BEKISOPA - October 2019 - Geological Findings The layers of magnetite-hematite are traceable over the entire 6km extent of the tenement The mineralisation is interpreted as being a series of parallel layers of massive magnetite-hematite, with host rock containing magnetite between those high-grade l
Slide 6: BEKISOPA - October 2019 – Ground Magnetic Survey
BEKISOPA - October 2019 – Ground Magnetic Survey Northern transverse line Over 350-line kilometres of magnetic - geophysical modelling survey data were walked traversing the Bekisopa tenement each 50m Results show a relatively consistent magnetised body extends over approximately 6km of strike Thick
Slide 7: BEKISOPA - 2019 Geological Interpretation
BEKISOPA - 2019 Geological Interpretation – combining AKORA knowledge Geological Model – Central zone, multiple high-grade iron ore layers dipping to the west, with disseminated magnetite between grading 40 to 55% Fe. Historical BRGM pit and trench details Trench – 37m @ 50%Fe Pits – 40, 50 and 60%F
Slide 8: BEKISOPA - 2019 Geological Interpretation – 2020 drill holes overlayed
BEKISOPA - 2019 Geological Interpretation – 2020 drill holes overlayed Geological Model – Central zone, multiple high-grade iron ore layers dipping to the west, with disseminated magnetite between grading 40 to 55% Fe. 2020 Exploratory Drilling Programme Designed to confirm this geological interpret
Slide 9: Bekisopa - 2020 drill hole Plan
Bekisopa - 2020 drill hole Plan Tenement 3757 2.5 by 2.5 kms 2020 Exploratory Drilling Programme completed 12 holes for 1095.5m, along strike at the main Tenement Bekisopa tenement 10430 10430 5 by 5 kms These drill holes are between 70 to 100m deep and 11 intersected iron mineralization The magneti
Slide 10: Bekisopa Drill Holes BEKD04-06 – Central Zone
Bekisopa Drill Holes BEKD04-06 – Central Zone Cross Section – Confirms Geological Model (Slide 7) High-grade 61.4%Fe surface intercepts ~150m iron mineralized zone, combined true widths BEKD05 – 38 and 39m Coarse Disseminated Magnetite 36.3%Fe 10
Slide 11: Bekisopa – 2020 Drill Hole Assay Results - Summary
Bekisopa – 2020 Drill Hole Assay Results - Summary Bekisopa 2020 HIGHLIGHTS Drill Holes ✓ 25.2m @ 61.4%Fe, +1000 chemical assays, INDICATES encouraging Fe results. ✓ 13.6m @ 63.5%Fe, ✓ 6.9m @ 64.7%Fe at surface Scope Significant high-grade intersects for a major from surface with iron ✓ 70.5m @ 44.1
Slide 12: Bekisopa Drill Hole BEKD01 – Northern Zone Cross Section
Bekisopa Drill Hole BEKD01 – Northern Zone Cross Section – (Only vertical drill hole) HIGH-GRADE 64.7%Fe MASSIVE MAGNETITE at SURFACE CONFIRMS BRGM TRENCHING RESULTS BEKD01 – 58 to 60m Coarse Disseminated Magnetite, ~50%Fe 70.5M CONTINUOUS IRON MINERALIZATION FROM SURFACE, IDEAL OPEN PIT MINING, Iro
Slide 13: Bekisopa Drill Holes BEKD09-11 – Southern Zone
Bekisopa Drill Holes BEKD09-11 – Southern Zone Cross Section High-grade 62.4%Fe and 63.5%Fe intercepts +200m iron mineralized zone width BEKD 11 – 18 to 25m Laterised Massive Mineralisation 63%Fe 13
Slide 14: Bekisopa Drill Core Iron Mineralisation Types
Bekisopa Drill Core Iron Mineralisation Types BEKD08 BEKD11 BEKD08 BEKD01 BEKD04 3 Distinct Iron Massive Massive Massive Coarse Fine Mineralisation Magnetite Disseminated Disseminated 64.7% Iron 62.4% Iron 55.6% Iron 47.6% Iron 15% Iron Types at Bekisopa Massive, Coarse and Fine Disseminated The Mas
Slide 15: Bekisopa Drill Hole – Processing Test Results Summary
Bekisopa Drill Hole – Processing Test Results Summary Composites were crushed to -2mm and Processed using LIMS – excellent results. (Only BEKMETF11 did not produce a +50%Fe product, this is from a 13.4%Fe head grade, unlikely to be a mined material.) HIGHLIGHTS – FIRST TRIAL RESULTS, NO OPTIMISATION
Slide 16: LIMS – ALS Iron Ore Technical Centre
Unoptimised LIMS Processing Trials LIMS – ALS Iron Ore Technical Centre - Perth Low Intensity Magnetic Separation (LIMS) processing trials were performed to give a first pass indication of upgradability of Vibrating Screen crushed drill core samples. Magnetic Drum These trials are not confirming the
Slide 17: Massive and Coarse Disseminated Magnetite – LIMS Trials – Product Quality
Massive and Coarse Disseminated Magnetite – LIMS Trials – Product Quality BEKD01 to 08 - North and Central Zone IRON ORE PRODUCT IRON ORE PRODUCT Product Grade = 68.3% Fe Product Grade = 63.4% Fe Fe Recovery = 88% Fe Recovery = 95.7% Mass Yield = 80% 65% Iron Mass Yield = 64% Composites BEKD01, 06,
Slide 18: +65%Fe Product
Massive Magnetite – LIMS Trials – Product Quality BEKD09 to 11 – Southern Zone IRON ORE PRODUCT IRON ORE PRODUCT Product Grade = 66.9% Fe Product Grade = 66.5% Fe Fe Recovery = 84% +65%Fe Fe Recovery = 91% Mass Yield = 75% Product Mass Yield = 79% Composites BEKD09, 10, 11 Composites BEKD09 and 10 w
Slide 19: Traded Iron Ore Product Grade and Quality Declined from 2006 to 2016
Traded Iron Ore Product Grade and Quality Declined from 2006 to 2016 Major Producer iron ore product quality declined from 2006 to 2016, average iron grade falling to ~60.8%. The combined average silica and alumina grade increased to ~6.4%. Expect the iron ore product grade decline to continue as be
Slide 20: World iron ore Resources and Products - 2019
World iron ore Resources and Products - 2019 Iron ore resource grades - (Source: Company Results Reports.) ▪ Australia’s Pilbara - average resource grade is ~58%, ▪ Vale’s - Minas Gerais grade is ~47%Fe and ▪ LKAB - Kiruna Sweden - grade is ~41% Shipped Iron ore Product Grades – 2019 - (Source: Comp
Slide 21: Bekisopa Iron Mineralisations
Bekisopa Iron Mineralisations BEKD08 BEKD11 BEKD08 BEKD01 Massive Massive Massive Coarse Magnetite Disseminated 64.7% Iron 62.4% Iron 55.6% Iron 47.6% Iron Bekisopa iron upgradable to a high grade +62% Fe Fines Product at 2mm crush Size (2000 microns) 21
Slide 22: Bekisopa Iron Mineralisations V Banded Iron Formation (BIF)
Bekisopa Iron Mineralisations V Banded Iron Formation (BIF) BEKD08 BEKD11 BEKD08 BEKD01 Massive Massive Massive Coarse Magnetite Disseminated Bekisopa 64.7% Iron 62.4% Iron 55.6% Iron 47.6% Iron iron upgradable to a high grade +62% Fe Fines Product at 2mm crush Size (2000 microns) NOT BEKISOPA – Ban
Slide 23: Bekisopa’s 2020 Drilling Results – Excellent
Bekisopa’s 2020 Drilling Results – Excellent Process Trials Drilling Results Crushed minus 2mm and wLIMS Bekisopa Resource on composited samples ✓Excellent assays; Scope for a significant Fe, P, Silica & Alumina Product Grades resource ✓High-Grade intercepts; ✓Up to 68%Fe, low impurities Initial Tar
Slide 24: Bekisopa’s - 2021 Drilling Campaign
Bekisopa’s - 2021 Drilling Campaign AKORA’s Madagascan geology and drill team is capable in these trying times. • Madagascar is presently in a COVID restriction phase. • AKORA mobilised drilling equipment and team in late May and drilling commenced on 13th June ~4000m Drilling Campaign, now underway
Slide 25: AKORA Resources – ASX Listed December 15th 2020 (AKO)
AKORA Resources – ASX Listed December 15th 2020 (AKO). CORPORATE STRUCTURE MAJOR SHAREHOLDERS Current AKORA Ordinary Shares on Issue 61,036,722 Evanachan Ltd 12.7% Unlisted Options (strike price 30c, 18 months Baker Steel Resources Trust 8.3% 10,832,016 to expiry) Mackenzie Financial 6.2% Fully Dilu
Slide 26: ASX: AKO
Management Paul Bibby Managing Director paul.bibby@akoravy.com John Madden Chief Financial Officer john.madden@akoravy.com AKORA Resources 211 McIllwraith Street Princes Hill Melbourne Victoria 3054 ACN: 139847555 ASX: AKO www.akoravy.com