Slide 1: Premium Grade Iron Ore Future with a DSO Start-up
For personal use only Premium Grade Iron Ore Future with a DSO Start-up 1 April 2022 - ShareCafé Webinar
Slide 2: AKORA – High-Grade Iron Ore in Madagascar
AKORA – High-Grade Iron Ore in Madagascan For personal use only Bekisopa Outcrop – 66.7% iron ore Low-cost Future Projects DSO start-up Tratramarina focused on Ambodilafa High-Grade Outcrop Morombe Bekisopa and Weathered Zone Iron Toliara HG - Weathered Zone 2 BEKD17 - 2.2m at 66.1%Fe
Slide 3: Bekisopa – Drilling Success
Bekisopa – Drilling Success Tenement 3757 For personal use only ➢ Completed 63 drill holes, totaling 6,200m drilled Tenement 10430 ➢ Confirms iron mineralisation continues; ➢ below high-grade outcrop ➢ at depth of 300m downdip ➢ along 6-kilometer strike ➢ across strike widths +750m ➢ true thickness
Slide 4: Bekisopa - Northern Zone Cross Section
Bekisopa - Northern Zone Cross Section For personal use only 300m Downdip Iron formation dipping to the west, open at depth High-Grade ~64%Fe near surface assays - potentially DSO BEKD01 6.9m @ 64.7%Fe, BEKD19 4.6m @ 63.9%Fe, BEKD24 3.9m @ 63.7%Fe, Selectively mine the high-grade surface DSO 4
Slide 5: Bekisopa - Central Zone Cross Sections
Bekisopa - Central Zone Cross Sections For personal use only True width 70m Flatter westerly dipping iron formation, open at surface and depth Ideal structure for a low strip ratio mining 5
Slide 6: Bekisopa Maiden Mineral Resource
First half - Bekisopa Maiden Mineral Resource For personal use only Maiden Mineral Resource* completed in 15 months post IPO Bekisopa Zone Tonnes DTR Head Grade Concentrate DTR Mt % %Fe Grade Tonnes %Fe Mt Northern 43.3 43.3 33.3 68.2 18.7 Central 41.2 36.3 30 67 15 Total (Inferred) 39.9 31.7 33.7 8
Slide 7: Next - Southern Zone Maiden Resource
Next - Southern Zone Maiden Resource For personal use only North and Central Maiden 43.3Mt North Mineral Resource 84.5 Million Tonnes 41.2Mt Central Southern Zone Resource to be confirmed, Exploration Target ~50 to South 100Mt 50 to 100 Mt 7
Slide 8: Bekisopa Mineralised Zones – Oblique View
Bekisopa Mineralised Zones – Oblique View For personal use only Central Zone Northern 41.2Mt Zone 43.3Mt Southern Zone Exploration Target Estimated at ~50 to 100Mt Southern Zone covers a large area, with substantial downhole cross sections of 150 to 162mt Exploration Target estimated at 50 to 100 Mt
Slide 9: Product Grade Trials: High to Premium Iron Grades at Coarse Sizings
Product Grade Trials High to Premium Iron Grades at Coarse sizing’s Drill Core – BEKD10 Product trials performed on composites from surface to ~37m downhole – BEKD01, 04, 10 and 34 For personal use only 0 to 4m ▪ Confirm upgradability at a 2mm crush and magnetic separation (wLIMS) 59%Fe ▪ Confirm up
Slide 10: Anticipating a High-Grade DSO start-up at Bekisopa
Anticipating a High-Grade DSO start-up at Bekisopa For personal use only BEKD31 BEKD16 67.8%Fe 66.2%Fe 68.5% 64.8% 68.5% 64% 1 69.3% 2 66.3% 2 Outcrop plus Very High-Grade Surface Zone Focus for Start-Up – Selective Mining Producing High-grade Lump and Fines DSO ~65%Fe 10
Slide 11: Produce iron ore fines after a 2mm crush and dry magnetic separation
Produce iron ore fines after a 2mm crush and dry magnetic separation BEKD09 BEKD34 BEKD46 For personal use only 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 Then produce Surface Zone From Depth high-grade ~65%Fe Fines iron ore ~62%Fe Fines
Slide 12: Produce Premium Grade Iron at 75-microns and magnetic separation
Produce Premium Grade Iron at 75-microns and magnetic separation Central Zone Drill Core BEKD04 Upgrades to For personal use only 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 yield
Slide 13: Bekisopa a Significant 84.5Mt Iron Resource with more to Prove
Bekisopa a Significant 84.5Mt Iron Resource with more to Prove For personal use only Confirmed Bekisopa Resource of 84.5Mt at 67.6%Fe product grade, next ✓ Report the Southern Zone Exploration Target estimated at 50 to 100Mt ✓ Further mineralisation and resource work ✓ Studies on transport logistics
Slide 14: AKORA Resources – Bekisopa Maiden Resource at 84.5Mt
AKORA Resources – Bekisopa Maiden Resource at 84.5Mt, includes For personal use only Iron Ore Price - USD/t ✓ 64%Fe potential DSO at surface 210 190 65%Fe 170 ✓ 64%Fe high grade fines after magnetic separation 150 130 at 2mm crush size with low impurities 62% 110 90 58% ✓ 68%Fe premium grade after m
Slide 15: 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”. For personal use only • All statements included here
Slide 16: AKORA Resources – Bekisopa Project
AKORA Resources For personal use only Bekisopa Project DSO Start-up and High Grade Iron Ore Future Investor Presentation ASX: AKO March 2022