Akora Resources Ltd. · ASX:AKO
Akora Resources — North American Conference Presentation (June 2022)
26 slides from Akora Resources's conference presentation, Jun 22, 2022
Slide 1: “Premium” Grade Iron Ore Future
“Premium” Grade Iron Ore Future 21 June 2022 - John T Conference
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 – High-Grade Iron Ore in Madagascar
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 3 BEKD17 - 2.2m at 66.1%Fe
Slide 4: Bekisopa – Drilling Success
Bekisopa – Drilling Success Tenement 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 to 171m Anomaly ➢ Res
Slide 5: Bekisopa - Northern Zone Cross Section
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 surface DSO 5
Slide 6: Bekisopa - Southern Zone Cross Sections – Drill Line 000N
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: Product Grade Trials High to Premium Iron Grades at Coarse sizing’s
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 Composite Interval (%F
Slide 8: Bekisopa Maiden Mineral Resource - 194.7Mt
Bekisopa Maiden Mineral Resource - 194.7Mt 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 (Inferred) Within the res
Slide 9: More resource tonnes along strike and at depth
More resource tonnes along strike and at depth Drilled only 30% of the 43.3 North 6-kilometer Mt strike length 41.2 Central Mt Potential for further resource tonnes between areas drilled and at depth 110.2 South Mt 9
Slide 10: AKORA’S – Bekisopa and Satrokala Region Projects
AKORA’S – Bekisopa and Satrokala Region Projects BEKISOPA 6 km strike length 195 Million Tonnes Resource ~ 250 km to Toliara ~ 210 km to Morombe SATROKALA Project road link to Highway SATROKALA 40 km South of Bekisopa ~ 10 km strike length ? Bekisopa look alike ~ 210 km to Toliara or Morombe
Slide 11: Bekisopa and Satrokala Tenements – 100% AKORA
Bekisopa and Satrokala Tenements – 100% AKORA Bekisopa – Tenements 3757, 10430 Extensive historical work and widespread outcrop 119 rock chips – averaged 66.7%Fe Ground Magnetic Survey – 6 km anomaly 6,200 m drilling intercepted large iron formation Maiden Resource – 195 Million tonnes 8 mt of DSO –
Slide 12: Satrokala rock chips, country and rock samples
Satrokala 102 rock chips, country and rock samples Sample TA266, assay V2119, average 62.79%Fe Remote flat, undulating, barren to grassland country 10km strike length, >1 km wide Sample TA519, assay V2146, average 64.33%Fe 12
Slide 13: Plus 60%Fe rock chips along 10km Satrokala strike length
Plus 60%Fe rock chips along 10km Satrokala strike length Sample AT427, assay V2051, average 68.03%Fe 10km strike length, >1 km wide Sample TA468, assay V2138, average 64.63%Fe 13
Slide 14: AKORA Retains Wardell Armstrong for Bekisopa Scoping Studies
AKORA Retains Wardell Armstrong for Bekisopa Scoping Studies ✓ Wardell Armstrong International have a strong background in all areas considered for the Bekisopa Iron Ore Scoping Studies ✓ WAI have significant iron ore experience in Africa and across the world ✓ WAI have expertise in Africa and can c
Slide 15: Bekisopa Scoping Study Timeline
Bekisopa Scoping Study Timeline Geology review as preparation for Mining, Metallurgy, Process and site Power requirement Studies and production rate scenarios Transport and Port logistics and Infrastructure Study – initial DSO Production then VHG +67%Fe Financial Study will deliver Indicative Capita
Slide 16: Outlook - High-Grade DSO production at Bekisopa
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 69.3% 66.3% 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 low operating cost 16
Slide 17: 70% Iron “Super” Premium Grade Iron Ore
FUTURE - “Premium” Grade Iron at 75-microns and magnetic separation Southern Zone Drill Core BEKD10 Upgrades to 41%Fe 70% Iron 44% “Super” Premium Grade Iron Ore Concentrate at 75-micron 36% 0.5% Silica, 0.7%Alumina, 0.003%P and 0.004%S 35% At 78%Fe Recovery and 44% Mass yield +67% high-grade iron f
Slide 18: Bekisopa a Significant new Iron Ore Resource and Region
Bekisopa a Significant new Iron Ore Resource and Region Confirmed 194.7Mt, with 75Mt at 67.6%Fe DRI product grade ✓ Satrokala promising Bekisopa lookalike with high-grade rock chips and a 10km strike length ✓ WAI to complete Scoping Studies at Bekisopa on transport, port, mining, processing, power,
Slide 19: AKORA’s East Coast Projects – Tratramarina and Ambodilafa
AKORA’s East Coast Projects – Tratramarina and Ambodilafa Tratramarina and Ambodilafa – very close to deep water coast. Town of Mahanoro, a natural port / tranship location. Future Projects Tratramarina Ambodilafa Morombe Bekisopa Toliara 19
Slide 20: Features - East Coast Prospects
Features - East Coast Prospects Project Tratramarina Ambodilafa Location 16 kms from deep water coast 45 kms from deep water coast Products Potentially some DSO, then Potentially some DSO, then Premium Grade +67%Fe concentrate Premium Grade +67%Fe concentrate Transport Conveyor to coast Pipeline to
Slide 21: Tratramarina and Ambodilafa – Aero magnetics
Tratramarina and Ambodilafa – Aero magnetics Ambodilafa Tratramarina Work to date Mangoro River Similar iron anomaly Top 20 at Ambalava, no work Shareholders 57.4% Potential for Premium Grade +67% Direct Reduced Iron product from both prospects 5 km magnetic Anomaly, BIF, 21
Slide 22: Banded Iron Formation at Tratramarina and Ambodilafa
Banded Iron Formation at Tratramarina and Ambodilafa BIF - Ambodilafa BIF - Tratramarina Outcropping BIF Tratramarina Drill Core BIF - Ambodilafa 22
Slide 23: AKORA’s Iron Ore projects well located to markets
AKORA’s Iron Ore projects well located to markets Easy transportation to major iron ore markets in Asia & Middle East ~8100kms
Slide 24: AKORA – Capital Structure
AKORA – Capital Structure Share Ownership AKORA Resources ASX:AKO Share Price (at 17 June 2022) A$0.225 Shares Outstanding 71.8 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$16 million 57.4% Cash
Slide 25: AKORA Resources – Bekisopa Maiden Resource at 194.7 Mt, includes
AKORA Resources – Bekisopa Maiden Resource at 194.7 Mt, includes ✓ 64%Fe potential DSO at surface, low cost production ✓ 64%Fe high grade fines at 2mm crush size with low impurities Iron Ore Price - USD/t 200 180 65%Fe ✓ 68%Fe premium grade concentrate at 75-micron size 160 140 with extremely low im
Slide 26: AKORA Resources
AKORA Resources Bekisopa Project DSO and High Grade Iron Ore Future Investor Presentation ASX: AKO June 2022
Akora Resources — North American Conference Presentation (June 2022) on 6ix