Akora Resources Ltd. · ASX:AKO
Akora Resources — NWR Virtual Conference (October 2021)
25 slides from Akora Resources's conference presentation, Oct 1, 2021
Slide 1: AKORA Resources Bekisopa Investor Presentation
Bekisopa Drill Hole 40 Central Area, ended in Mineralisation at 103m AKORA 26 August 2021 Resources High Grade Iron Mineralisation Targeting a Maiden JORC Resource at Bekisopa Investor Presentation ASX: AKO September 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 Flagship Project Bekisopa 100% AKORA owned 4 Permits - 93.5 km2 ➢ Significant historical work ➢ High Grade outcropping iron ore ➢ 6 km strike ➢ Drilling, ~3850m so far, Trench 36 – Southern Area confirms significant iron Tratramarina Ambodilafa mineralisation at
Slide 4: Tratramarina and Ambodilafa future Project Opportunities
Tratramarina and Ambodilafa future Project Opportunities Tratramarina – low capex and opex potential Ambodilafa – 45kms inland 16 kms from coast and adjoins the Mangoro River • 421 rock chips averaged 44% Fe • 7 drill holes, 2013, intersected banded iron formation with near surface intersections of
Slide 5: Bekisopa - Geological Findings - October 2019
Bekisopa - Geological Findings - October 2019 Extensive outcropping iron along 6km strike length The mineralisation is interpreted as being a series of parallel layers of massive magnetite-hematite, with host rock containing magnetite between those high-grade layers. Layers of magnetite-hematite are
Slide 6: October 2019 – Ground Magnetic Survey & Geophysical Modelling
October 2019 – Ground Magnetic Survey & Geophysical Modelling Results show a relatively consistent high Central Transverse Line magnetic body extending over ~6km of strike Northern transverse line • Model shows several magnetic bodies; one a sphere, width ~150m, and a steeply west • Models as a simp
Slide 7: Bekisopa 2020 drilling
Tenement 3757 Bekisopa 2020 drilling 2.5 by 2.5 kms Tenement ➢ 2020 Exploratory Drilling designed to confirm 10430 5 by 5 kms iron mineralisation at depth and along strike ➢ Completed 12 shallow holes, <100m, for 1095.5m (black dots) ➢ All intercepted iron mineralization at surface and several at de
Slide 8: Bekisopa 2021 drilling - completed
Tenement 3757 Bekisopa 2021 drilling - completed 2.5 by 2.5 kms Tenement 10430 5 by 5 kms ➢ 2021 Drilling Campaign designed to add volume / tonnes to the 2020 drilling intercepts ➢ Completed 30 shallow drill holes, <100m, to define the eastern extent of the iron mineralisation along the strike (blue
Slide 9: Bekisopa 2021 drilling – to go
Tenement Bekisopa 2021 drilling – to go 3757 2.5 by 2.5 kms ➢ 20 deeper drill holes, >100 to ~200m, to define Tenement 10430 the mineralisation extent across strike and at 5 by 5 kms depth (green dots) ➢ In total ~4500m of diamond drilling to be completed by late October ➢ Drill grids in the North,
Slide 10: Bekisopa 2020 Drilling Results - Summary
Bekisopa 2020 Drilling Results - Summary High-Grade Fe results, HIGHLIGHTS at surface and depth. ✓ 6.9m @ 64.7%Fe at surface INDICATES Grades from 67.67%Fe to typically +25% within ✓ 13.6m @ 63.5%Fe, Scope the mineralised zone. ✓ 25.2m @ 61.4%Fe, for a major ✓ 70.5m @ 44.1%Fe continuous iron resourc
Slide 11: Types of Iron Mineralisation – Weathered Massive at Surface
3 Types of Iron Mineralisation – Weathered Massive at Surface Weathered Massive Iron Mineralisation Bekisopa Drill Hole 1 Northern area of Tenement 10430 Surface to 6.5m Grade - 63.98% Iron Bekisopa Drill Hole 10 Southern area of Tenement 10430 Surface to 4m Grade – 59% Iron 11
Slide 12: Types of Iron Mineralisation - Massive
3 Types of Iron Mineralisation - Massive Massive Iron Mineralisation Bekisopa Drill Hole 9 Southern area of Tenement 10430 Depth - 42.6 to 46.4m Grade – 61.2% Iron Bekisopa Drill Hole 10 Southern area of Tenement 10430 Depth - 32.4 to 36.3m Grade – 63.25% Iron 12
Slide 13: Types of Iron Mineralisation – Coarse Disseminated
3 Types of Iron Mineralisation – Coarse Disseminated Coarse Disseminated Iron Mineralisation Bekisopa Drill Hole 1 Northern area of Tenement 10430 Depth - 56.7 to 60.5m Grade – 44.6% Iron Bekisopa Drill Hole 3 Central area of Tenement 10430 Depth - 34.4 to 37.3m Grade – 42.3% Iron 13
Slide 14: 2021 Drill Core shows similar Iron Mineralisation & Magnetic Susceptibility readings
2021 Drill Core shows similar Iron Mineralisation & Magnetic Susceptibility readings Weathered Massive Iron Mineralisation Bekisopa 2021 Drill Hole 33 Southern area of Tenement 10430 Surface to 3.9m Grade – TBC% Iron Massive Iron Mineralisation Bekisopa 2021 Drill Hole 38 Southern area of Tenement 1
Slide 15: Bekisopa Drill Hole BEKD01 – Northern Zone
Bekisopa Drill Hole BEKD01 – Northern Zone Cross Section – (Only vertical drill hole) BEKD01 – Surface to 5m Weathered Massive - 63.5%Fe BEKD01 – 58 to 60m 70.5M CONTINUOUS IRON MINERALIZATION Coarse Disseminated - 49.8%Fe FROM SURFACE, IDEAL OPEN PIT MINING, Iron mineralization continues at depth 1
Slide 16: Bekisopa Drill Holes BEKD09 to 43 – Southern Zone
Bekisopa Drill Holes BEKD09 to 43 – Southern Zone Cross Section High-grade weathered surface iron mineralisation, 135m continuous iron mineralisation down hole Cross strike width of +650m Low stripping ratio mining 16
Slide 17: Bekisopa Iron 2020 assay results – Weathered Massive Zone
Bekisopa Iron 2020 assay results – Weathered Massive Zone BEKD11 Weathered Massive 0 to 18.9m Highest Iron Content 67.67% Surface to 6.9m 58.6%Fe Surface Weathered Zone; Averages across all 12 holes 6.9 to 12.9m Top 5m average 52.5%Fe 58.6%Fe 5 to 10m average 44.7%Fe 12.9 to 18.9m Top 15m average 47
Slide 18: Bekisopa Drill Core – 2020 Processing Test Results
Bekisopa Drill Core – 2020 Processing Test Results Composites were crushed to 2mm and Processed using wLIMS – excellent results. First Trials, No Optimisation! Weathered Massive Mineralisation achieved: Massive and Coarse Mineralisation achieved: 67%Fe product grade 62.8%Fe avg product grade Head Gr
Slide 19: Crush Trials show that a 3mm crush delivers Benchmark Grade
Crush Trials show that a 3mm crush delivers Benchmark Grade Bekisopa Iron Product Grade % V Crush Size mm 68 67 Product Grade - % Iron Met20 - Iron Met22 - Iron Average - Iron 66 65 64 63 62 61 60 -3 -2 -1.5 -1 -0.5 Crush Size - (Minus X mm) Crushing trials, from minus 3mm down to minus half a mm, s
Slide 20: Bekisopa’s 2020 Drilling Results – Excellent
Bekisopa’s 2020 Drilling Results – Excellent Drilling Results Process Trials Bekisopa Resource Crushed minus 2mm and Scope for a ✓Excellent assays; wLIMS, Product Grades significant resource High-grade iron ✓Up to 68%Fe ✓Surface Zone; Initial Target - 7m at 65%Fe ✓67%Fe from Weathered ~150Mt Resourc
Slide 21: Bekisopa’s 2021 Drilling Campaign - Exceptional
Bekisopa’s 2021 Drilling Campaign - Exceptional ~4,500m of diamond drilling planned with 2,750m completed. • Drilling commenced on June 13, plan to be finished by October 31st • Intercepting iron mineralisation at surface and depth up to 185m, down hole • Defining mineralisation widths of +650m and
Slide 22: Anticipating 3 Products from Bekisopa Iron Mineralisation
Anticipating 3 Products from Bekisopa Iron Mineralisation Surface Weathered Massive Iron Massive and Coarse Disseminated High-Grade +65%Fe Fines. +62%Fe Fines. Outcrop Lump and Fines Hematite (~66%Fe) and Magnetite (~68%Fe) 66.9%Fe 63.4%Fe 22
Slide 23: AKORA Resources – Corporate (at 31 August 2021)
AKORA Resources – Corporate (at 31 August 2021) CORPORATE STRUCTURE MAJOR SHAREHOLDERS Current AKORA Ordinary Shares on Issue 61,036,722 Evanachan Ltd 12.7% Unlisted Options (strike price 30c, 15 months Baker Steel Resources Trust 8.3% 10,832,016 to expiry) Mackenzie Financial 6.2% Market Capitalisa
Slide 24: Contact details
Management VERT Capital Paul Bibby Petar Tomasevic Managing Director Director Average Grade 63.5% Iron paul.bibby@akoravy.com petar@vertcapital.com.au John Madden VERT Capital Chief Financial Officer Level 2, 681 Murray Street john.madden@akoravy.com West Perth WA 6005 Harbury Advisors AKORA Resourc
Slide 25: Competent Persons Statements
Competent Persons Statements Competent Person’s Statement The information in this report that 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 consult
Akora Resources — NWR Virtual Conference (October 2021) on 6ix